Homework on Ethereum Intro

[kylemoore8]

1. Web 1.0 was internet programming that was static with only text, script and photos.

2. A smart contract is programmable and unstoppable transaction without mediators or trust.

3. Transparency is achieved with ethereum using the blockchain. Anyone can see the transaction and verify.

[tapptress]

1. What was Web 1.0?
   Web 1.0 was the first iteration of the internet. Most sites were text based and maybe some photos
2. What is a smart contract?
   A smart contract is programmable money, a transaction that is trustless and has no middle man.
3. How is transparency achieved with ethereum code
   Transparency is achieved because transactions are executed on the blockchain and it is open to the public and verifiable.

[abi]

1. static websites that only display text, images, etc. as oppsoed to web 2.0 which can have dynamic websites, enabled by java script.
2. a small piece of code that is tied into the (ethereum) blockchain. it can own money and execute transactions given some conditions.
3. because the code is visible to all, it can be verified.

[T.O.B]

1. What was Web 1.0?
   Stage one of the world-wide-web. These were static pages connected by hyperlinks.

2. What is a smart contract?
   A decentralised, irreversible, trackable code or protocol that is the rules for, and execution of, a transaction.

3. How is transparency achieved with Ethereum code?
   Transparency is ensured by the open-source nature of the software.
   Hash codes allow public access to transaction details, while being able to maintain anonymity of individuals/businesses and their account details within those transactions.

[Albay]

1. What was Web 1.0?
   It is a first virgin of web.
2. What is a smart contract?
   A smart contract is a computer program or a transaction protocol which is intended 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?
   It is open to the public and it is trustless data transections confirmed by verification.

[sastre12]

1. A static system.
2. A programme that allows the user to trustlessly make a transaction with a second party and then when executed by the second party verified.
3. It´s trustless. When the smart contract is fulfilled the receiver unlocks it, not before.

[Zaan]

1. Simple first version of internet website that was static and could only contain text, links, images
2. Smart contract is a piece of code running on Etherium blockchain making it dynamic and programmable.
3. It is removing middle man and ensures the transaction happens when the conditions of such contract are being excecuted, and no one can stop it or change the conditions

[BrendanGolledge]

1. What was Web 1.0?
   Web 1.0 could only display static web pages, I would guess in a similar manner to Wikipedia.

2. What is a smart contract?
   A smart contract is a contract run on a blockchain like ethereum. Once it is started, no one can stop it because it is being run by the network.

3. How is transparency achieved with ethereum code?
   Everything that happens on a blockchain, including ethereum code, is public record.

[KingOfCrypto]

1. What was Web 1.0?

A very 1 dimensional version of the internet in which only text and images were available

2. What is a smart contract?

A smart contract is a contract ontop of the blockchain that is programmable, you can set the rules that decide when/if the transaction takes place.

3. How is transparency achieved with ethereum code?

The network is decentralized for anyone to view the txs within the smart contract.

[aperes]

1. static websites
2. programmable money that is not reversible
3. Public ledger provides visibility to everyone to all transactions and contracts.

[cosmicbuc]

1. What was Web 1.0?

Web 1.0 was static text links, and you could only read and share information.

2. What is a smart contract?

Smart contracts are small pieces of code that run on the Ethereum blockchain. By using a language called Solidity, we can program and deploy these codes (smart contracts) to the Ethereum network, and they are unalterable and “unstoppable.”

3. How is transparency achieved with ethereum code?
   Blockchain technology functions as a digital distributed ledger, and all participants must share the same documentation as opposed to individual copies of the blockchain. Trying to alter information on a block causes the links to the tempered block to break the chain, and the tampered block will be rejected. Moreover, the ethereum code allows for unalterable and unstoppable programable contracts (smart contracts) to be deployed on the ethereum blockchain, protected by the rules of the network.

[vegas316]

1. Web 1.0 was the initial version of the web. Where webpages were static, HTML was created by hand, pages were served by Netscape, and AOL was a large portal for many.
2. A smart contract is an application that can execute logic, and control monetary assets, based on code.
3. Like all public blockchains, transactions are fully visible on the blockchain. Smart contracts are also contained on the blockchain. Lastly, most (all?) creators of smart contracts keep their code in public git repositories.

[magicnum3er1]

1. What was Web 1.0?

The first iteration of the internet, static websites with the information.
No JS, no reactive websites

2. What is a smart contract?
   A smart contract is a piece of code deployed on the blockchain.
   Its purpose is to regulate the behavior of value or token depending on meeting certain conditions.

3. How is transparency achieved with ethereum code?
   Same as BTC network the ethereum blockchain activity can be traked.
   Smart contracts can be read and verified.

[William_M]

1. What was Web 1.0? Web 1.0 was the first version of the public internet where websites were limited to text, images, and links.

2. What is a smart contract? code or script that executes an action under specific conditions on the blockchain that is unstoppable.

3. How is transparency achieved with ethereum code? Through proof of work recorded in the blockchain. It can be verified but not altered without altering all subsequent blocks in the chain.

[shonesto]

• What was Web 1.0?
  web pages were static with text and images

• What is a smart contract? A smart contract is a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code. The code and the agreements contained therein exist across a distributed, decentralized blockchain network.

• How is transparency achieved with ethereum code? All the data is transparent and available to be traced by anybody but the confidentiality can be achieved by encryption

[freshmattybe]

Web 1.0 was static pages, images and links.

A smart contract is code deployed in the Ethereum network that can own money and take actions.

Transparency is achieved by a smart contracts unstoppable and unchangeable nature running in a trustless environment.

[EllenM]

1. Web 1.0 was static and only allowed for text, images and links.
2. A smart contract is a piece of code deployed on the Ethereum network. Uses the Solidity programming language.
3. By programming the uneditable smart contract with specific conditions and recipients the smart contract will hold funds until the conditions/inputs are met. Everyone can see what’s happening with transactions. Programmable money without third party interaction enables a transparent transfer.

[drala.lungta]

1. What was Web 1.0?
   Static: Text, Images, Links. Doesn’t have: Chat, Social Media, Multi Accounts, etc…

2. What is a smart contract?
   Small pieces of code that is stored in the blockchain that is transparent, irreversible and requires no intermediaries.

3. How is transparency achieved with ethereum code?
   Same as bitcoin where it is decentralized, open source and trustless as well adding Solidity to write the contract where both parties can view the agreement w/o 3rd parties involved.

[evadauk]

1. What was Web 1.0?

Very simple / static website. Only text, image, links…

2. What is a smart contract?

Smart contract is small pieces of code that run on Ethereum blockchain. Its completely decentralised and transparent.

3. How is transparency achieved with ethereum code?

Every action/agreement is programmed to give programmed result. And its completely decentralised, can’t be changed, amended or shut down as once its on the blockchain there is no way out. It also can be traced and viewed by any party.

[mello_seb_crypto]

1. What was Web 1.0?

A service through which a client was able to receive static html documents known as ‘web pages’. These pages were not interactible and pretty much served only the purpose of transferring some information to the requester.

2. What is a smart contract?

A smart contract is a transparent and auditable piece of code embedded into the Ethereum blockchain which may run on the EVM (virtual machine which enables the code to use the computational resources of a given node) and make changes to the blockchain by adding transactions or keeping track of some state.

3. How is transparency achieved with Ethereum code?

Like with Bitcoin, the contents of the Ethereum blockchain are public and anyone is able to review them. This applies as well to the Solidity code comprising the smart contracts on the chain.