Homework on Ethereum Intro

Ethereum 101
#2469

  1. What was Web 1.0?
    The web with only static content, no javascript.

  2. What is a smart contract?
    Something, where you can send your money to that comes available to a person whenever requirements of a programmed code get meeten.

  3. How is transparency achieved with ethereum code?
    Nobody can chance the rules of achieving the money, when a smart contract is programmed, it can not be changed so that a creator of the contract can benefit from it. The code is also public for everyone to review the code.

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#2470

  1. web 1.0: static web pages consisting of Text, images and links.

  2. Smart contract is a small piece of code that can store transactions until the requirements of the contract are fulfilled.

  3. by removing trust and having openly available code that cannot be altered

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#2471

  1. What was Web 1.0?
    Web 1.0 was primarily concerned with the presentation of static content (links, images, text, etc), without the dynamic capabilities introduced by javacript and other such tools.

  2. What is a smart contract?
    A smart contract is code that resides on, and is executed on, the blockchain. It may receive, hold and transfer funds, according to the rules programmed into it.

  3. How is transparency achieved with ethereum code?
    Smart contract code actually resides in the blockchain and the contracts themselves actually represent transactions on the chain. As such, they are as visible and immutable as any other “simple” transaction like we might find on the bitcoin blockchain.

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#2472
  1. Web 1.0 was a static form of the internet before Java was implemented.
  2. A smart contract is a executed by the EVM on every node in the Ethereum network. It details a set of conditions that must be met before another action is performed, like releasing funds.
  3. The smart contract is not fulfilled until all conditions have been met. It does not require oversight or trust.
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#2473

What was Web 1.0?

First generation of web, consisting of text, images and links

What is a smart contract?

Smart contract runs on the Ethereum network and it executes programmed instructions that is not changeable.

How is transparency achieved with ethereum code?

The transaction is transparent and can be viewed by anyone.

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#2474
  1. What was Web 1.0?
  2. What is a smart contract?
  3. How is transparency achieved with ethereum code?
  1. Static with text, images and links
  2. A smart contract is pieces of codes that run on the Ethereum blockchain. It’s programmable and you can write in the code how much money, what the money will be used for and when it can be taken out
  3. Cannot be reversed or manipulated
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#2475

  1. Web 1.0 was the first version of web where we could only see some texts, images and links on a certain web page without any interaction.

  2. Smart contract are small pieces of codes that run on the Ethereum blockchain. They allow us to program the money. We can create our own business using this technology and it will be completely decentralized, trustless and no middle-man will be involved.

  3. We can go to the blockchain and verify everything there.

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#2476

1. What was Web 1.0?
It was a protocol (HTTP) to send data from servers to clients, that defined certain objects that should be interpreted in a certain way by the application that will read it (say, the browser). At this point of the history, it only allowed a small subset of objects, basically allowing to show texts, links or images, which were defined statically (say, all the site’s logic was in the server side).
Further updates included a client-side programming language in the browsers, called JavaScript, that enabled dynamic content.

2. What is a smart contract?
A Smart Contract is a conditional transaction, that stores money which was sent by one or more sender wallets, and delivers it to one or more receiver wallets at a certain point in the future. The details of the transaction, such as timing, the recipients, and the amount of money that they will receive are defined in the Smart Contract’s logic.
Technically, it is a piece of code that runs in the blockchain, that cannot be stopped or modified.

3. How is transparency achieved with ethereum code?
Transparency is achieved due to the following reasons:

  • The code runs in the blockchain, so it is decentralized, and it can’t be modified or stopped
  • The code may be read and audited by anyone, in order to verify that it does what it is intended
  • You will be able to check any transaction in the blockchain, involving amounts, senders and receivers
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#2477
  1. Web 1.0 was the original version of the internet where websites were static and could only display text, images, and links.
  2. A smart contrast is code written into the blockchain which will execute once deployed.
  3. Everyone can view the code in a smart contract.
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#2478

  1. What was Web 1.0?
    Simple and static. text, link, and maybe an image.

  2. What is a smart contract?
    Peer to peer agreement that runs off a computer protocol and does not require a third party to verify.

  3. How is transparency achieved with ethereum code?
    It is public and the design of the blockchain makes it immutable and does not require a third party to verify.

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#2479

Answer all questions and post your answers in the thread linked below.

  1. What was Web 1.0?

Web 1.0 was the outdated internet in which it was static with no scripting language. The internet would consist of texts, images, and links.

  1. What is a smart contract?

A smart contract is code that completes a specific operation. The smart contract runs on the EVM (ethereum virtual machine) which each node is fully synchronized to the latest state from the network.

  1. How is transparency achieved with ethereum code?

Ethereum code is called solidity which is the programming language for smart contracts. The smart contract once executed cannot be altered because it’s updated on the EVM and it’s synced all other nodes connected to the latest state. The smart contract is public so it’s transparent that anyone can look at the code so it becomes trustless.

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#2480

It would be very intrigued to take a look at your notes. Its super fascinating and I would love to share ideas.

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#2481

1 Web sites with static content
2 A conditional contract executed after an even occur
3 It’s traceable in a readable form as solidity contract on the blockchain

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#2482

  1. Web 1.0 was pure information with static html code. No applications.

  2. Smart contracts are programs that run in the EVM (Etherium virtual machine)

  3. The Etherium code is open source.

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#2483

  1. What was Web 1.0? It was a version of websites that were static - you could only view text, images and maybe some links but it was not dynamic like Web 2.0, where Java Script was used, allowed chatting, accounts and created an adaptable environment.

  2. What is a smart contract? Smart contracts are small pieces of code that run on the ETH blockchain.

  3. How is transparency achieved with ethereum code? Everyone can see the transactions, nothing can go back and be changed or manipulated, just a with the bitcoin blockchain. It is a “trustless” system that is verified through math and technology. You program what is to happen and that will happen when the programmed terms are met.

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#2484

Web 1.0 is the primitive internet in its first incarnation that only supported text and some images. It did not support dynamic user operability.

A smart contract is a small piece of code or program that creates a condition to be fulfilled for a transaction to occur. Smart contracts are immutable and distributed .

The Ethereum blockchain is an open source network where anyone can view the transactions, in this case smart contracts, in the same way that we are able to view bitcoin transactions.

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#2485

  1. What was Web 1.0?
    Web 1.0 was the first version of the Internet, mostly text based and meant for sharing information, sending email messages, and very basic web pages.

  2. What is a smart contract?
    A smart contract is a small computer program, typically written in Solidity to interact with the Ethereum Virtual Machine, that provides complete transparency and is unable to be altered (unstoppable code).

  3. How is transparency achieved with ethereum code?
    Transparency is achieved with an open-source, neutral platform that requires proof of work and network consensus to run.

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#2486
  1. What was Web 1.0?
    Static websites that could only display information (pre java script)
  2. What is a smart contract?
    It is self executing code deployed on the blockchain
  3. How is transparency achieved with ethereum code?
    All smart contract code is visible for users to scrutinise
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#2487
  1. static Internet
  2. programmable contracts with values
  3. the blockchain is transparent, because you can review very transaction.
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#2488

  1. It was the first version of the internet that contain limited functions such as Static with text, images and links.

  2. Smart contracts are programs on the blockchain that can execute by themselves. It cannot be stopped or changed and are not controlled by a centralized identity.

  3. The transparency is achieved with using smart contracts that allow anyone to view, create.

1 Like