Homework on Ethereum Intro

Ethereum 101
#2029

Web 1.0 is the first iteration of the internet, before Javascript. At this point the internet was pretty one way, and users couldn’t really contribute/ interact with sites in any significant way; as opposed to web 2.0 that allowed things such a social media, where public contribution can be 99% of the website’s content.

A smart contract is code on the Ethereum blockchain that triggers an action, based on rules set in the codee.

Transparency is achieved through the open nature of the blockchain where anybody can go view every transaction ever made (and cannot be changed).

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#2030

  1. What was Web 1.0?
    Web 1.0 was when the internet was nothing more than just static web pages.

  2. What is a smart contract?
    It is a program that executes logic in the blockchain when a certain event or requirement has occurred

  3. How is transparency achieved with ethereum code?

Because smart contracts and projects have open source code that can allow anyone to look at it and verify.

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#2031
  1. Static websites that had basic functionality
  2. Programmable algorithm that can be implemented atop a blockchain
  3. The code is completely open to the public so that anyone can verify any txn or smart contract software.
#2032

What was Web 1.0?

Web 1.0 is how the internet began, where you could navigate from one place to another through links, read a text, and view images, but you could not interact dynamically as we can today (after the addition of javascript).

What is a smart contract?

A smart contract is a small piece of code on the Ethereum network that makes it possible to “program money” without intermediaries," in an immutable and transparent way that anyone can see.

How is transparency achieved with ethereum code?

By allowing anyone to see the code and not allowing anyone to change the rules, the rules are the code of the smart contract. The immutability of the blockchain makes it impossible for anyone to change it.

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#2033
  1. The Web1.0 is static representation of website.
  2. It is a transaction which can be represent as a programming code.
  3. There is not intermetiary, everyone can see the transactions.
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#2034
  1. What was Web 1.0?
    Was simply static websites consisting of text, images and links
  2. What is a smart contract?
    Small piece of code that can hold money and program what to do with the money
  3. How is transparency achieved with ethereum code?
    having the code publicly available on the blockchain
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#2035

1.- It is the set of webpages that belong to the old web, usually static webs with only text, images and links.
2.- A smart contract is a piece of code that interacts with the blockchain, it can be programed to execute transactions only when some conditions are met.
3.- People can verify the smart contracts and the transactions in the Ethereum blockchain.

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#2036

Hey @block716, hope you are well.

I guess you forgot to answer the 2nd question. Maybe you want to add the answer :nerd_face:

If you have any more questions, please let us know so we can help you! :slight_smile:

Carlos Z.

#2037
  1. What was Web 1.0?
  • The internet with static websites prior to JS and other dynamic languages.
  1. What is a smart contract?
  • Code programmed to interact with a blockchain. It will execute based on the rules set in the contract and can not be changed.
  1. How is transparency achieved with ethereum code?
  • Anyone can read a smart contract and see what it is programmed to execute and when.
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#2038

  1. Ethereum uses Smart Contracts, PoW &ethash

  2. via EVM’s

  3. more transparency & trustlessness

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#2039
  1. Web 1.0 was the point at which websites only presented static information.
  2. A smart contract is a program that runs the way money flows.
  3. Transparency is achieved with ethereum because smart contracts cannot be manipulated and the way the money flows can be verified on the blockchain.
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#2040
  1. Static sites with text, images and links
  2. A piece of code that runs on a blockchain and can interact with the money of the chain.
  3. The code that runs on the chain is fixed and cannot be changed. You can trust the code without having to trust a person. The code may be open source and visible to everyone.
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#2041
  1. What was Web 1.0?

Web 1.0 had boring websites without chats, you can only read information.

  1. What is a smart contract?

Smart contracts are small pieces of code, that can hold money and program the given money without any middle party

  1. How is transparency achieved with ethereum code?

Transactions are publicly propagated through the network

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#2042

  1. What was Web 1.0?
    it’s internet:
    text
    images
    link

  2. What is a smart contract?
    small pieces of code that run on Etherum blockchain.

  3. How is transparency achieved with ethereum code?
    with a smart contract, which can not be modified once placed on the blockchain, this then allows
    everyone to see what is to be done with the money.

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#2043

1 - Web 1.0 was the first version internet where the we pages only contained static information without interactions with the users.

2 - A smart contact is a program that is programmed in the blockchain.

3 - When smart contract is deployed there is no need of a middle man anymore as everything is transparent.

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#2044

  1. What was Web 1.0?
    First stage of the internet web page that are simple static websites

  2. What is a smart contract?
    Small code that runs on decentralize protocol like ethereum

  3. How is transparency achieved with ethereum code?
    ethereum is open any body can validate data on it

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#2045
  1. Static websites that showed only text, images, links, information. With Javascript added one could interact on these websites.
  2. A smart contract is a small piece of code that is run on the Ethereum blockchain. You can program what you wish to do with the money, basically stating if this event happens then this event should then happen with the money.
  3. Transparency is achieved with ethereum code because it is all visible in the ethereum blockchain, all transactions/events are in the blockchain on the network.
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#2046

  1. Web 1.0 was the first version of the internet, quite basic and with many limitations.

  2. Smart contracts are pieces of code created on a platform like Ethereum, in these contracts money is programmed to perform certain actions.

  3. It is a transparent way of doing business since everything is verifiable and unalterable. Once the contract is launched, the money cannot be touched until the other party involved in the contract complies with what is established and thus will receive the money if otherwise the other party does not comply with what is established in the contract, the money will be returned to the original owner.

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#2047

1.It was websites that always looked the same no matter who was on it, and you couldn’t to things like social media (there was no javascript yet).
2. It’s a piece of code that runs on the blockchain, that can own crypto and send/release it when the criteria programmed into the smart contract is fulfilled.
3. It’s opensource as well just like bitcoin

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#2048
  1. Web 1.0 is only use for words, pictures links
  2. A smart contract is a code of Ethereum
  3. Transparency is achieved because in a blockchain and more precisely in a smart contract, there is no way to change the rules once defined
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