Homework on Ethereum Intro

Ethereum 101
#2229

1- Web 1.0 is the initial version of the internet where the very basics of communication over the net were the only capabilities. Like text mail through simple peer to peer transaction, image capabilities and use of links for directing someone from one part of the internet to another by the click of a button.

2- A smart contract is the use of a more complex and automated programming put onto the blockchain which in turn creates an immutable and transparent use for something like money. In this case as Alex Mashinsky would say…Money Over Internet Protocol(MOIP). XD

3- Transparency is achieved through the base foundation of what makes blockchain so great. Its opensource! Also with that being said when something is put onto the blockchain it cannot be changed unless through consensus. So ultimately through immutability is how we achieve true transparency of Ethereums blockchain implemented code.

DUUUKA!!

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#2230

  1. web 1.0 was text, some images and links.

  2. a smart contract are small pieces of code that run on the ethereum blockchain. by using programming language called solidity you can program a smart contract and deploy it on the ethereum network. A smart contract can be used for business, inheritance etc. It decides with code and programming what to do with money, who it gets sent to, list of transactions list goes on depends what you decide when you create the smart contract.

3.Transparency is achieved with blockchain technology. Once you have put in the coding for the dapp or smart contract you cannot go back to change any of the coding for any misuse just like with blockchain 1.0 tranactions once its in the network you cannot undo any changes or else for example if a miner were to put through a block that is invalid, other miners and nodes would confirm that the transaction was not valid and to disregard you and remove you from the chain and to do over everything correctly would be nearly impossible and the miner lost money from all the electricity used and hardware that wont work so everyones incentive is to play by the rules. this is where the system is trustless.

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#2231
  1. What was Web 1.0?

Web 1.0 were websites with only text, images, and links.

  1. What is a smart contract?

A smart contract is a piece of code on the ethereum block chain that can hold money.

  1. How is transparency achieved with ethereum code?

With ethereum code, it cannot be altered and everyone can see the transactions on the blockchain.

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#2232
  1. Web 1.0 before javascript invovled static pages and server-side stuff only
  2. smart contracts are small pieces of contracts that run on a decentralized computer that can own and then decide what to do with money without intermediaries (such as an executor of a will)
  3. the smart contract is open-source and the execution model is defined so that all parties can predict how the code will execute, the halting-problem/halting-probability notwithstanding…
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#2233
  1. A static version of the web, where websites could only display static content like text, links, images and videos.
  2. A piece of code running on the blockchain.
  3. It’s published on a public blockchain.
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#2234
  1. Web 1.0 was when we had static websites that weren’t very customizable/interactive for the particular user.
  2. Smart contracts are small pieces of programmable code that can hold money and decide what to do with it based on what is in their programming.
  3. Transparency is achieved because everyone can read the ethereum code.
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#2235
  1. What was Web 1.0?
  • Web 1.0 was the Internet with static Web sites, which was able to only display text, static images and Web links (only read and share information)
  1. What is a smart contract?
  • It is a self-executing contract that runs on a blockchain (decentralized network) and automatically executes pre-determined conditions. Smart contracts are neither really “smart” nor contracts in the legal sense. They are no more than business rules translated into software, where the terms of the agreement between buyer and seller are being directly written into lines of code. The code controls the execution, where transactions are trackable and irreversible. Essentially a contract is something that is told “If” something happens, “Then” complete and execute the following task.
  1. How is transparency achieved with Ethereum code?
  • All the data is transparent and available to be traced by anybody, while the confidentiality is obtained through encryption. Practically, the confidential information is saved on the blockchain in an encrypted format and the keys of decryption can be shared only with authorized individuals/entities.
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#2236
  1. What was Web 1.0?
    The first versio of the web, a static websites without js. Nothing can be changed dynamically
  2. What is a smart contract?
    Piece of code programmed using solidity which gonna will be determine the conditions of when tx is gonna occur or not
  3. How is transparency achieved with ethereum code?
    Everyone can see whats going on the contracts. You dont need to trust in other person or third party
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#2237
  1. Web 1.0 is the earliest and the most basic form of web interface that only shares numbers, links without color or photos.
  2. A smart contract is a program written on etherium blockchain that does not depend on any intermediary to execute and can never changed after deployment on the network.
  3. Transparency is achieved because any one can audit and see the transaction, it does not depend on human effort to fulfill the contract and it is trustless. Being that you dont need to trust the person to execute the contract. it depends solely on infallibility of the blockchain and internet.
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#2238

  1. Web 1.0 is the first step in internet development. It consisted of static text, images, and links.

  2. A smart contract is a small piece of code developed on the Eth network. This code can program money and assign it specific instructions.

  3. Transparency is achieved with ETH code due to the code being visible to the entire network. Anyone can read the code and know exactly what the function is.

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#2239

Hey, i dont know if this place is the correctly to ask questions, if im in wrong place of forum please tell me.
where does the condition entry come from?
For example, where do school grades come from? Who provides input? Is it for a school API or something like this? Is there any way to know if the input is correct or fraudulent?

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#2240

WEB 1.0 was an internet protocol that only allowed for texting, images and links. It wasn’t programmable in any dynamic sense.

A smart contract is code that will perform instructions involving money based on conditions specified in that code. It takes out the middleman and allows for reliance on math and programming - a system based on verification (consensus), not centralized authority.

Transparency is achieved by smart contracts status being maintained on a decentralize network that at any point in time is “immutable” (can’t be reversed) so there is a clear track record to assess the status of any smart contract at any stage of the conditions so far affecting it. Reliance is on all nodes agreeing on the same value representing the status of a given contract at any point in time.

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#2241
  1. Web 1.0 allowed static pages with text, images and links but no ability to interact with the website.
  2. A smart contract is a program that can be written on the blockchain that can determine how money is received and transferred; the conditions governing the use of money are written into the contract which is deployed on the blockchain. In the case of Ethereum, the programs are written in the language called solidity.
  3. The smart contracts are open for anyone to see and cannot be altered.
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#2242

What was Web 1.0?

Web 1.0 was the first version of internet, as older generations can remember it from the nineties. It allowed to share information between computers, using text, images and links. Websites weren’t programmable, so they were static. When javascript was added, internet became as we know it today, including social media, chats, accounts etc.

What is a smart contract?

It is a program, run on ethereum or other network, that allows transacting and programming funds. No authority can prevent smart contract to be executed, because it runs on decentralised network.

How is transparency achieved with ethereum code?

One of the main features of blockchain is unmutability, that means, that history cannot be changed and its records stay recorded forever and available for to all to see.

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#2243

  1. read only internet

  2. a code based in ETH or like platforms, that tells the contract what to do with the inputs of information

  3. transparency is achieved because nothing can be changed, you cannot cut in line or place back later in the order it was recieved.

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#2244

  1. Web 1.0 was the first version the of internet with static images, text and links.

  2. A smart contract is essentially programmable money that eliminates the need for a middleman.

  3. The Ethereum code maintains transparency by allowed all the transactions to be available on the blockchain network.

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#2245

1.Web 1.0 is the most basic form of website functionality; static text and images.
2. Smart contracts are programs that can perform transactions on the Ethereum blockchain.
3. Transparency is achieved because transactions on the blockchain are irreversible and public.

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#2246

I got some homework from Ivan, so I wanted to share it here as per his request.

Question #1: What is Web 1.0?
The lesson contained info on it in comparison to Blockchain 1.0 such as $BTC.
Web 1.0 is a simple and static, thus it contains only text, images and links.

Question #2: What is a Smart Contract?
Smart contact is a computer code or transaction protocol that will automatically execute, control and document important events in accordance with the terms and conditions of that contract or deal.

Question #3: How is transparency achieved with Ethereum code?
The transparency is achieved with Ethereum code and have clear rules and terms and conditions It’s programmable money without intermediaries in a thrustless fashion. Rules are clear.

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#2247

  1. Web 1.0 was the first version of the internet with static sites.

  2. They are small pieces of code that run on the Ethereum blockchain.

  3. Transparency is achieved by irreversible transactions and being visible to the public.

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#2248

Lesson 3 – Homework: Ethereum Intro:

  1. What was Web 1.0? – Internet before JavaScript was introduced.
  2. What is smart contract? – A small program written in solidity that runs on blockchain. You cannot reverse it and you cannot shut it down.
  3. How is transparency achieved with ethereum code? – The code is visible to everyone and runs on the trustless systems.
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