Homework on Ethereum Intro

Ethereum 101
#2329
  1. Static sites, text, image, links. Not interactive.
  2. Small program that deploys on the Ethereum network. Written in Solidity. No middle men.
  3. Coding and the contract is available for all to see. Such as your ranking in a queue on the Blockchain.
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#2330

Answers Intro

1. What was Web 1.0?
That was the first Version of the Internet. Static content was placed in the internet. Basically a transformation from print media to the internet without any user interaction.

2. What is a smart contract?
It is software running on the blockchain. Its code respectively behaviour cannot be changed after it is deployed to the blockchain.

3. How is transparency achieved with ethereum code?
The sourcecode of a smart contract is visible to everyone. In addition, there is the same trustlesness as in bitcoin due to the blockchain technology. This means, that you don’t have to trust any central instance to execute the smart contract.

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#2331
  • What was Web 1.0?

It was the version of Internet which only allowed static content at, for example, websites.

  • What is a smart contract?

It is a piece of code that runs on Etherium network. It allows programming money.

  • How is transparency achieved with ethereum code?

At each time you can look and verify every transaction that is made. It is a trustless system. You do not need to trust anyone, just verify data.

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#2332

1.) Web 1.0 was the original static internet that only consisted of text, images, and links

  1. ) Smart Contracts are small pieces of code that run on the Ethereum blockchain that allow us to program money.

3.) It is a trustless system, once a contract is deployed. the information cannot be altered and everything is accessible on the blockchain

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#2333
  1. What was Web 1.0?
    Web 1.0 is the first generation of websites. It consists of very basic websites that only contain plain text, images and links. In other words, the data presented in the website is “read only” and lacks of interaction with the user.
  2. What is a smart contract?
    A smart contract is a small piece of code that runs on the Ethereum blockchain and its purpose is to hold money and program what to do with that money.
  3. How is transparency achieved with ethereum code?
    Transparency is achieved by the removal of trust between parties, when we interact with the blockchain, we trust the technology and not the parties involved. The Ethereum blockchain works in a similar way as the Bitcoin blockchain because every transaction that occurs have provenance, immutability and finality. This also applies to smart contracts, everyone can verify their contents and once they are deployed, they can not be changed, thus, removing trust between parties and achieving transparency.
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#2334 
  1. What was Web 1.0?

Web 1.0 was static website that contained only text, images and links. Not dynamic.

  2. What is a smart contract?

A smart contract is a program/code where money and other functionalities can execute once an event or criteria has been met.

  3. How is transparency achieved with ethereum code?

You can verify and it’s immutable data once deployed on ethereum. We trust the code/tech not a third party, escrow or intermediary party.

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#2335

1.Web 1.0 was a static website with only text, images and link.
2.A smart contract is a software on the blockchain system and a record of it is stored on the blockchain.
Where you can deploy a code which will release funds when surtane events happen
3.The code is visible for everybody making sure everyone can se how the code works.

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#2336
  1. Web 1.0 is the fist iteration of the internet where websites were static, as in they could only display text, some pictures, and links–unlike Web 2.0 which is dynamic and programmable, allowing for java script and other programmable web functions.
  2. Smart Contracts are digital code that can program how money is used.
  3. Through smart contracts, the instructions can be read on the blockchain; this can help in auditing situations or on issues of government spending.
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#2337

[quote=“filip, post:1, topic:8441, full:true”]
Homework on Ethereum Intro - Questions. (Questions were updated on Dec 3 2019 )

  1. What was Web 1.0?
    Basically HTML only. Text and pictures, some links but not much interaction options for users.
  2. What is a smart contract?
    Is a list of instructions and conditions able to handle and operate digital money on the given blockchain, so no trust is involved between the parties of the SC only verification and transparency.
  3. How is transparency achieved with ethereum code?
    They are open to the public to verify on the web. Nobody can touch it, is unstoppable.
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#2338

  1. Web 1.0 is a static website that allows for text, images and links only.

  2. A smart contract is a small amount of code in a program language, for example, solidity, that provides an unstoppable program which allows you to own money or an asset now and in the future, in other words, the future destination of that asset is solidified without the need of middlemen interacting with the contract.

  3. Transparency is achieved by providing a platform that can launch a smart contract where it can be verified but not altered or reversed just like a transaction on the bitcoin blockchain cannot be altered or reversed.

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#2339
  1. web 1.0 is a website where it is a static page where you can only have texts images and links but no interaction with the page.
  2. small pieces of code that can hold money and that can be programmed on what to do with the money .
  3. the coding is visible for everyone to verify. " don’t trust, Verify"
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#2340

  1. was a static website where people can only out texts, images and ink. A lot of room for improvements.

  2. are small codes that run I ethereum block chain which means that you can decide what to do with your money

3)it secures the integrity of the transaction and to verify it runs correctly

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#2341
  1. It was static websites, meaning it had just text,images,and links.
  2. Smart contract is piece of code that runs on etherium network.
    3.it’s open source ,so that everyone can see the code and keep track of what’s going on on the BC.
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#2342

Web 1.0 was lacking dynamism, static and pre-JAVASCRIPT.
a SMART CONTRACT IS BASED ON ALGORITHMS WHICH TRIGGER EVENTS THAT ARE TRANSACTIONAL, UNSTOPPABLE, AND TRANSPARENT, AND ARE DEPLOYED ON THE BLOCKCHAIN.
TRANSPARENCY IS ACHIEVED BY EXAMINATION OF THE ALGORITHM(S).

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#2343

from my understanding in watching the video
web 1.0 was based on a static website with text and images as well as links where not much could be altered so it was very basic
2. smart contracts are small pieces of code that run on the eth blockchain which we can programme using using Solidity and deploy on the eth network. These Smart contracts are unstopable and cannot be shut down.
3. Transparency is achieved by trust in the technology ie the smart contract everyone can see what is happening and it cannot be altered and messed with eliminating fraud,

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#2344

  1. What was Web 1.0?
    It was when at the beginning websites where just able to show text and maybe images but there was not interaction like there is now.

  2. What is a smart contract?
    A smart contract is a way to program money by using coding.

  3. How is transparency achieved with ethereum code?
    When a smart contract for example is created there is no way of going back and changing it and No middle man or other institutions are needed for it. It’s verified and can be viewed by anyone making it transparent.

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#2345

  1. What was Web 1.0?
    When the internet was first used it could only show information such as text or links to other sites, however there was no interaction with the website or dynamic content such as being able to have a user account or live data feeds such as trading price charts.

  2. What is a smart contract?
    A smart contract is a small program that executes some kind of action, often in relation to money when used on the etherium network. The smart contract is able to take control of money sent to it in such a way that nobody can tamper with the outcome or manipulate what it will do once it has been launched.

  3. How is transparency achieved with ethereum code?
    Transparency can be achieved if the code in a smart contract is open source, however the transactions that are performed in a smart contract are always visible as etherium is a public blockchain.

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#2346

  1. It was the first version of the internet there it was possible to only read information, before we could communicate with each other

  2. A contract that doesn’t transfer money until a programmed condition occurs

  3. It is an open contract that everyone has access to

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#2347

1. What was Web 1.0?
It was the early limited web that was basically “read” only. You could search for information and read it.
2. What is a smart contract?
Programmable pieces of code that run on the Ethereum blockchain. They are designed to automatically execute, control or document legally relevant events and actions according to the terms of a contract or an agreement.

3. How is transparency achieved with ethereum code?
Everyone can see what it happening with the contracts. They are governed by the conditions of the contract so having them be viewable to the public is not a security issue. The nature of blockchain allows for transparency.

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#2348

  1. What was Web 1.0?

  2. What is a smart contract?

  3. How is transparency achieved with ethereum code?

  4. it is a simple format, with limited abilities. mainly text, images, reference links.

  5. is a contract deployed in the ethereum blockchain that self executes. unstoppable, transparent, with no middle man.

  6. the code is publicly available. Don’t trust, verify.

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