Homework on Ethereum Intro

Ethereum 101
#2249
  1. Web 1.0 was a static website that contained text, images, or links.
  2. A smart contract is the result of Web 2.0 that incorporates java scripts and allows the creation of chats, accounts. It allows the storage of money that will remain until certain conditions are met.
  3. Transparency is achieved with the Ethereum code with solidity which allows us to see the sender and receiver of funds, these codes hold funds in a “que” that cannot be broken.
1 Like
#2250

What was Web 1.0?

Web 1.0 was the first layer of the internet. It was just static, read only websites. It wasn’t until internet 2.0 came that we had javascript with dynamic and programable sites.

What is a smart contract?

A smart contract is small pieces of code on the blockchain that can be programmed to the users specifics. This program does not need a 3rd party intermediary, it is irreversible, transparent and trustless.
How is transparency achieved with ethereum code?

Transparency is achieved on the ethereum code because it is on the blockchain and the blockchain is visible to everyone.

1 Like
#2251
  1. The first iteration of the web, without Javascript, that only allowed for static text.
  2. A smart contract it’s a program that can hold money until an exit condition is fulfilled, and then sends money to a recipient or another. Removes the need for trust as it cannot be altered.
  3. All transactions are public, so anyone can check for transactions or smart contracts in it, which cannot be modified once in the chain.
#2252

  1. What was Web 1.0?
    A static page on the internet that contained some text/image/link.

  2. What is a smart contract?
    Small piece of code that runs on the network.

  3. How is transparency achieved with ethereum code?
    When a smart contract is deployed on the blockchain it’s unstoppable and can’t be changed (just like you can’t remove or change transactions in the bitcoin network). Furthermore, everything in the code of the smart contract can be read and verified by others.

1 Like
#2253

  1. What was Web 1.0?
    Web 1.0 was just the start of www, able to show text mainly, just static fixed elements like also links and images, so made it possible to just only read and share information. Emails and searches were early ways to interact. JS paved the way to the more interactive arena of Web 2.0 .

  2. What is a smart contract?
    A smart contract is a bit of code sent with a TX that defines the TX operations, unstoppably and unchangebly, handled by the EVM which translates between Solidity code and the byte-code that the CPU can process.

  3. How is transparency achieved with ethereum code?
    Transparency is granted through TXs being public on the distributed network of Etherium nodes each observing the untamperable SCs using the open-sourced Etherium blockchain.

1 Like
#2254

  1. What was Web 1.0?

    -static websites - just text, links, images and other very simple stuff

  2. What is a smart contract?

    -a small piece of code, which we can create with solidity and deploy on Ethereum network

  3. How is transparency achieved with ethereum code?

    -once you programm and deploy a smart contract on Ethereum blockchain - that’s it, it’s self running now, you can’t change it

1 Like
#2255

  1. What was Web 1.0?
    Web 1.0 was the initial application where it was static consisting with users only able to view text, images, and only possible to interact with links

  2. What is a smart contract?
    Smart contract is a programable code that executes an action when pre-existing conditions within the code are met

  3. How is transparency achieved with ethereum code?
    Transparency is achieved through smart contracts where different parties don’t have to trust each other from the code being public and immutable

1 Like
#2256

  1. Web 1.0 were “static” webpages that could only include text, links, and images. (No cookies?) (Pre javascript)

  2. Smart contracts are contracts created on the ethereum network that are set in stone and cannot be changed once implemented. Removes the need for an intermediary such as escrow services

  3. Smart contract are transparent on the ethereum network since it can be viewed by anybody that wants to view the contracts.

1 Like
#2257

  1. What was Web 1.0?
    The first version of the web, allowing only basic website, with text, pictures and link

  2. What is a smart contract?
    It’s a contract that cannot be modified, once it’s on the blockchain it will do what it is programmed to do.

  3. How is transparency achieved with ethereum code?
    Everyone can read it and see what the code will do.

1 Like
#2258
  1. Both uses Proof of work but Ethereum uses Ethhash and Bitcoin uses SHA-256.

2.In Ethereum smart contracts are read by EVM, then EVM tell the CPU to execute the smart contracts. A normal Computer is CPU directly to read and execute the program.

3.The security and integrity of the code is higher due to all parties being able to verify it ran correctly.

1 Like
#2259

  1. What was Web 1.0?
    Web 1.0 is the original internet without the Java script programming language.

  2. What is a smart contract?
    A smart contract is a programmed instruction that can self-execute without human interference when the stated conditions are achieved. This contract is permanently recorded on the blockchain and it cannot be stopped or reversed once the stated condtions are met.

  3. How is transparency achieved with ethereum code?
    Transparency is achieved through peer to peer Proof of Work in stead of trust and is accessible throughout the world.

1 Like
#2260
  1. Web 1.0 is a static non-interactive web pages. It started to fade away after JavaScript gained popularity, and PHP, and average connection speeds increased.
  2. It’s a script or program that controls money flow depending on the contract rules.
  3. Everyone can see and read the blockchain, and it is almost impossible to manipulate the data inside.
1 Like
#2261
  1. Static Web
  2. A legal contract translated into a program
  3. Public ledger, everybody can see
1 Like
#2262
  1. This was the internet before Java Script
  2. An unstoppable, trustless, transparent contract built on code (math)
  3. Every smart contract can be verified by individuals on the blockchain eliminating the need for a middleman
1 Like
#2263

  1. Static websites before Javascript that only show information with no interaction possibilities.

  2. A piece of code that programs money to follow a specific condition.

  3. Once a smart contract is added to the Ethereum blockchain everybody can see it and nobody can delete ir or modify it.

1 Like
#2264

  1. Before JavaScript, static images and text no fun stuff.

  2. Programmable contracts on the blockchain that can have a set of rules and output them. No one can change it unless the conditions are met.

  3. Code is open to view how the smart contracts is to function

1 Like
#2265

  1. Web 1.0 was the first iteration of the internet that existed in the mid-to-late 90s. Its functionalities were limited in terms of user interaction and content generation. Websites accessed on web 1.0 were ‘read-only’ where users could only search for information and read it.

  2. A smart contract is a decentralized computer program that self executes when its programmed conditions are met. It is deployed on the blockchain network, meaning it remains immutable and cannot be stopped.

  3. All data stored on the Ethereum blockchain is fully transparent and traceable by anybody. Confidentiality is also achievable by encryption.

1 Like
#2266
  1. What was Web 1.0?
    A: web 1.0 was static website that could just show text, pictures, and images
  2. What is a smart contract?
    A: a smart contract is a piece of code that is run on the blockchain
  3. How is transparency achieved with ethereum code?
    A: because blockchain is immutable and you can see all the transactions that take place on the blockchain. so you can also see what happens with each smart contract and nothing can be hidden anymore
1 Like
#2267
  1. Web 1.0 was the first iteration of the internet that had a non dynamic interface.
  2. A smart contract is a small piece of software that is built on a blockchain technology that cab enact financial transactions in an automated manner which cannot be interrupted should there be no clause to allow that.
  3. All detail of the contract is fully open and can be examined by anyone.
1 Like
#2268
  1. What was Web 1.0?

-Web 1.0 was just made up of static websites and you could only exchange information.

  1. What is a smart contract?

-Small pieces of code that run on ETH blockchain. Using solidity we can program a smart contract to own money and send that money to recipients when an event occurs. No one can mess with a smart contract, it is unstoppable.

  1. How is transparency achieved with ethereum code?

-Everyone can see what is happening to the money in a smart contract. The middlemen are removed, it is a trustless system.

1 Like