Homework on Ethereum Intro

Ethereum 101
#2409
  1. What was Web 1.0?

Web 1.0 was the internet before JavaScript was built into the browsers. With Web 1.0 you could only have very simple websites, limited to mainly displaying text, images,or links.

  1. What is a smart contract?

A smart contract is a small piece of code that enables us to change how our money will act on the blockchain. You send the money to the smart contract, and the smart contract must be programmed to do something with it based on external information/conditions, or else you won’t be able to get the money out of it.

  1. How is transparency achieved with ethereum code?

Transparency is achieved with ethereum code similarly to with the bitcoin blockchain, in that it is decentralized and trustless. Every transaction is available for public viewing and there are no middlemen involved with complex financial maneuvers that normally require banks or other institutions to handle.

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#2410

. What was Web 1.0?
○ Web 1.0 - pre-javascript: Static pages containing only texts, images and links.
2. What is a smart contract?
○ An unstoppable contract written on the blockchain that Handles transactions
○ Written in solidity
○ Unstoppable
○ Transparent, trustless
3. How is transparency achieved with ethereum code?
○ The transparency of the smart contract is achieved since it can always be viewed, and nis immutable

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#2411

  1. Web 1.9 was the early version of the internet that had static websites and was boring :slight_smile:

  2. A smart contract is a code that executes a function after certain parameters are met. For example, a smart contract will release funds to a recipient once the recipient performs some action. These contracts are the tool that makes programmable money/assets a reality.

  3. Transparency is achieved on Ethereum and most blockchains by nature of the fact that all transactions are part of a public ledger. And since it is impossible to edit these transactions without breaking the chain, this public ledger is immutable as well as accessible–that’s full transparency!

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#2412
  1. Web 1.0 was static pages mainly for information sharing.
  2. A smart contract is a small program that can hold money and executes the output of that money based on the program, when it is executed.
  3. The code used to program smart contracts can be read by anyone unless some other “security” protocol is applied to the smart contract for secrecy.
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#2413
  1. Web 1.0 is the original blockchain made by Bitcoin.
  2. A smart contract is a code or protocol that is unstoppable and allows you to code your money to perform certain actions
  3. Transparency is achieved through the blockchain and removing the middle man within financial transactions.
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#2414

  1. What was Web 1.0? - Web 1.0 is an environment where you are able to read and share information. Text and images are readable and viewable. There is no chat, accounts etc…

  2. What is a smart contract? Smart contracts are small pieces of code that run programs on the blockchain. They are transparent by the fact that the code can be read by anyone and once written they are immutable.

  3. How is transparency achieved with ethereum code? The Ethereum code is publicly viewable and removes the need for intermediaries. The contracts created to exchange assets are immutable and verified by Proof of Work. When conditions are met the contract executes. Don’t trust, verify.

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#2415

  1. in the beginning of the internet, there were just ‘static’ websites, where you can get information from it, but you cannot interact (e.g. chat, log-in accounts,…)

  2. a SC is a non-reversible, transparent, coded contract, built on the blockchain, which will be executed for sure if the implemented contract conditions are fulfilled

  3. because anyone can read the code, which is open source, and nobody can corrupt or change the given conditions within Solidity language

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#2416

  1. Web 1.0 was before we had the javascript language and we could do only basic things such as texte, image and link. It was static.

  2. Smart contract is a program written in solidity that runs on the blockchain. It cannot be reverse or shut down.

  3. It can be verify inside the blockchain by anyone.

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#2417

1 - static web, same content for all users.
2 - a piece of code running on Ethereum network, that has the ability to hold money and behave as programmed, without the need to someone to trigger it. Self executable.
3 - Its an open source code, anyone can verify it, and following the blockchain principle, once a block is deployed cannot be removed/edited.

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#2418

  1. What was Web 1.0?
    Non-interactive internet, internet was mainly sharing information without interactions like chat or message capabilities

  2. What is a smart contract?
    That is code that is executed in a trustless manner when certain (pre-determined) conditions ar met. (kids inheret money held in a smart contract from a parent, after he or she died.)

  3. How is transparency achieved with ethereum code?
    The blocks on the Blockchain are immutable (can’t be changed after the blocks are added to the Blockchain), decentralized due to the different nodes that validate the transaction and the miners that confirm the transactions. And transactions are auditable on the public ledger, everybody can view all transactions.

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#2419
  1. WEB 1.0 was the basic web pages with text, pictures, and links only.
  2. A smart contract is programmable contract for assets.
  3. A person can see the transaction on the blockchain. Also, for corruption purposes, the contracts can’t be changed. Which is a major bonus for keeping crooked politicians in check.
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#2420

Homework on Ethereum Intro - Questions. (Questions were updated on Dec 3 2019 )

  1. What was Web 1.0? Read and share information, static, text, images, link.
  2. What is a smart contract? Small pieces of code that run on Ethereum blockchain using Solidity program language.
  3. How is transparency achieved with ethereum code? Anyone can create their own logic and services to handle money for all to see and verify.
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#2421

  1. What was Web 1.0?
    It is a first internet protocol which only offered static content such as text, images, links etc.

  2. What is a smart contract?
    It is a piece of code placed and running on a blockchain.

  3. How is transparency achieved with ethereum code?
    All transactions are part of a public ledger, they are fully transparent, data can be verified, but not changed.

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#2422

  1. What was Web 1.0?
    internet protocols that provided only static webpages/content

  2. What is a smart contract?
    a piece of code that can hold money and can be programmed to do something specific with that depending on preprogrammed conditions being met or not

  3. How is transparency achieved with ethereum code?
    everything is public along the blockchain, and it can’t be tampered with

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#2423
  1. That was the first internet protocol that provided only static content and webpages such as text, images, etc.
  2. It is a piece of code placed and running on a blockchain, that can only be executed when a specific rule has been met.
  3. Transactions on the blockchain are fully transparent, data can’t be changed and can be verified.
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#2424
  1. What was Web 1.0?

Web 1.0 was the first iteration of the internet that only included text and static images and links

  1. What is a smart contract?

I a piece of code that runs on the ethereum block chain that is transparent and can hold money.

  1. How is transparency achieved with ethereum code?

Its open source anyone can view the code and once initiated it cannot be changed.

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#2425
  1. Web 1.0 was mostly statical. Interactivity was very limited.
  2. A smart contract is a piece of code running on the blockchain that stipulates how specific transactions will behave.
  3. Ethereum code is public on the blockchain so anyone can verify it. As it is in the blocks of the chain it can’t be changed once created.
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#2426

Homework 1/26/21 Ethereum Intro

  1. What was Web 1.0?
    Allowed for the production of basic, static websites consisting of pictures, links, and text. But not much else.

  2. What is a smart contract?
    Smart contracts were born on ETH, code that was deployed on the ETH chain and was unstoppable/not easily changed or manipulated Can view who is sending/receiving money. The ETH programming language, Solidity, is the language of programmable money. Smart contracts allow for the creating of decentralized, transparent and programmable financial assets. Don’t trust, verify.

  3. How is transparency achieved with Ethereum code?
    Open source code, easily verifiable immutable data that cannot be changed or manipulated.

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#2427
  1. Web 1.0 was a basic website with text and images. Nothing fancy.
  2. They are programable agreements that can be set up with two or more parties.
  3. The contracts are based on math and therefore don’t involve a third party for verification. They involve solidity so that all contracts can be viewed by anyone, but not tampered.
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#2428

1.- Justo forms, links and information

2.- Programmable assets/money.

3.- Dont trust, verify.

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