Homework on Ethereum Intro

Ethereum 101
#2089
  1. Web 1.0 is the first iteration of the internet. It consisted of static pages.
  2. A smart contract is part of Blockchain 2.0. It is a contract that lives on the blockchain and thus cannot be modified. The contract is meant to operate automatically, as in to execute itself based on conditions written into the contract. The contract can take custody of cryptocurrency and release under certain conditions for instance.
  3. the Ethereum blockchain transparency by allowing all to be able to read the contents of the smart contract (as it lives on a decentralized distributed blockchain). The entire blockchain is open for public inspection.
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#2090

  1. Static form of internet (links, text, images)

  2. Smart contract is a c code on Ethereum network that can own and decide what to do with the money/assets that you lock in. We can also call it a programmable money/assets. It is immutable, transparent, unstoppable, it removes the need of trusting someone, instead you trust to the maths and protocols. The slogan here is "don’t trust, verify! It also increase the transparency and removes the corruption vulnerability. The blockchain becomes dynamic, we also call it Blockchain 2.0

  3. The decentralized nature of the network, PoW and PoS make the contracts unstoppable. When all the nodes can verify the content of the smart contracts, you don’t need a central authority, this guarantees the execution of the contract.

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#2091
  1. A static internet where you could have text images and links but no interaction. Only to read and share information
  2. Are small pieces of code that run in the ETH BC written in solidity lenguage. They are unstoppable, its TXs are public and they take custody of the money until a condition is met and then they release it.
  3. Smart contracts live in the public, descentralized and immutable ETH BC, so it’s fully transparent and it removes the need for trust in governments/banks/regulatory entities as you can see everything for yourself. Dont trust, verify!
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#2092
  1. Web 1.0 was the first version of the Internet with static web pages that can only consist of a text, pictures and maybe some links.
  2. Smart contracts are small pieces of code on the ethereum blockchain that can run on their own.
  3. The code is open and accessible for everyone to see it.
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#2093
  1. What was Web 1.0?

A - Websites where you could only share information (text,pictures,links) not interactive.

  1. What is a smart contract?

A - A code that will follow a certain set of rules and be able to hold and release money based on those rules, can pretty much run on its own and no one can stop it.

  1. How is transparency achieved with ethereum code?

A - because it’s in the blockchain, meaning everyone can see it.

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#2094

  1. Web 1.0 was the early stages of the Internet which were considered static in that only text, images and links could be posted. There’s no interaction involved.

  2. A smart contract is a piece of code deployed on the Ethereum network/blockchain, written in the programming language Solidity.

  3. It is achieved by the fact that anyone can read what was written in the code.

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#2095
  • What was Web 1.0?

It was the first internet, you can only publish information.

  • What is a smart contract?

It is a set of rules deployed where you can program what to do with the money in that smartcontract.

  • How is transparency achieved with ethereum code?

the same way that bitcoin, by having a ledger of all transactions.

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#2096
  • What was Web 1.0? Static pages
  • What is a smart contract? Programmable code which is run on the blockchain and can execute transactions within designated parameters.
  • How is transparency achieved with ethereum code?
    Open-source, trustless, decentralized
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#2097

just test and links

a contract that allows you to pass on money or confirm transactions in the ethereum network, then it is sent globally

if you execute a code there will be no way to delete it or stop it

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#2098

  1. Web 1.0 was the first version of the internet. It differs from web 2.0 in that the person(s) using it was only able to read it. There was no interaction between people in web 1.0. According to the lecture web 1.0 was mostly text, pictures and links.

  2. A smart contract is a piece of pprogrammable code. This programmable code always for the execution of a contract without human intervention(once the program is set).

  3. Transparency is achieved with Eth code because it is recorded on the blockchain. The code can be read and instructions verified.

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#2099
  1. web 1.0 was static website you could not interact with.
  2. a smart contract is a way to program money based on pre-determined conditions.
  3. The ethereum blockchain is publicly viewable using block explorers.
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#2100

1. What was Web 1.0?
A network which allowed simple acts such as sending and receiving money.
2. What is a smart contract?
Codes what’s runs the ETH network
3. How is transparency achieved with ethereum code?
Gives access to any/everybody built on trustlessness.

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#2101
  • What was Web 1.0?
    Its a simple website with no javascript (only text, links, pictures)
  • What is a smart contract?
    Its a self executing contact under the specifeid conditions
  • How is transparency achieved with ethereum code?
    By removing middle person smart contaracts are trustless. You can veryfi all the data on it.
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#2102
  1. Web 1.0 is a format of web-sites in a visiual form without animation and other next generation types of functionality
  2. Smart-contract is a digital represention of conditions executing by achiving a certain status
  3. it is achieved by the concept of open blockchain, everyone can see what’s going on and no-one can stop or change it
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#2103
  1. It was made of static websites where interaction was limited to text, images, and links.
  2. Its an executable code on the blockchain where if certain conditions are met it will do what code it is programmed to do.
  3. It is viewable by everyone on the Ethereum network. It removes the middlemen and is trustless.
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#2104

What was Web 1.0?
Static pages

What is a smart contract?
Small pieces of code that can hold money, which we can program.

How is transparency achieved with ethereum code?
The code is in the blockchain readable to all.

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#2105

  1. Web 1.0 is the version where there were only static pages thats being deployed in the servers. There were not programming element in the web servers like chat, social media or even any real time interaction with the outside world other than viewing the contents of a static page.

  2. Smart Contract is a programmable event written to Ethereum to execute some sort of actions with the available money in the node. Like an event to transfer all the amount to the heir after a person dies.

  3. Etherum is a blockchain application so it is decetnralized, highly distributed and immutable. It runs till the end of digital age making it unstoppable and TRUST free.

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#2106

  1. Web 1.0 is the most basic form of internet, its a webpage with which we cant interact, just get data from it or add data to it.

  2. A smart contract is a contract that we program in solidity, and we can pretty much program it to do anything we want, imgination is out limit here.

  3. We can achieve full transparency by just releasing the contract on the blockchain, once the contract was released it can never be stopped.

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#2107

Homework on Ethereum Intro - Questions

  1. What was Web 1.0?

We call Web 1.0 the initial version of the internet, where websites were static and simple without any dynamics or complex features because JavaScript was not yet in use to program them.

  1. What is a smart contract?

A smart contract is a piece of code executed on the blockchain.

  1. How is transparency achieved with ethereum code?

Smart contracts written in solidity and executed on the Ethereum blockchain are transparent because everybody can see exactly what the contract will do by reading the code, which is publicly available as it is registered on the blockchain.

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#2108

  1. Web 1.0 was the very first version of the internet where you could only show images text by a link.

  2. A smart contract is a program written on the blockchain that executes its commands after specific conditions have been met.

  3. Transparency is achieved by posting every transaction on the blockchain and having it viewable with a block explorer such as etherscan.

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