Homework on Ethereum Intro

Ethereum 101
#2509

  1. Web 1.0 was a static system only good for viewing information.

  2. A smart contract is an contract that is put on the blockchain (ETH) that is Transparent and Unstoppable.

  3. Its an open source code for anyone to view. once a contract has been made on the Ethereum blockchain it is final. No middlemen or other parties to trust. it is a trust-less system based on math.

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#2510

  1. Web 1.0 is a static and one can only share information on this platform. One is able to text, use images and links. Unable to chat, or use any sort of media.

  2. A smart contract is small pieces of code that run on the ETH blockchain. It holds money and can be used to program assets.

  3. Transparency is achieved because it is ingrained in the way blocks are connected to one another. In that once in a transaction is put in the blockchain a txn can not be changed or reversed. Consequently, everything is able to be verified and no one has to be trusted.

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#2511
  1. The most basic form of the internet, which contains text, images, and links.
  2. A set of instructions coded within the Ethereum blockchain. It completes transactions when conditions are met.
  3. The code is public and everyone can see what is the instructions of the contract.
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#2512

1.What was Web 1.0?

Basic internet only with images, text and links.

  1. What is a smart contract?

You program your money on ethereum blockchain to behave in a certain way.

  1. How is transparency achieved with ethereum code?

Same as in bitcoin every transaction is irreversible and forever engraved in etherum blockchain.

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#2513

  1. Static web pages.

  2. A contract with a set of conditions for its completion. It exists on the Etherium blockchain and therefore does not need a third party to enforce it.

  3. The blockchain is public.

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#2514

1, What was Web 1.0?
Web 1.0 was at a time the internet was used in a static way. This was mainly formed of images, text and sharing links but nothing to dynamic. When Java Script was introduced a new Web 2.0 was formed. These are some of the things notable that changed the internet i.e chats, social media and accounts. Java Script language allowed the internet to be more dynamic.

  1. What is a smart contract?
    A smart contract is a programmable language written in solidity on the Ethereum blockchain. With a smart contract the programmable language can’t be stopped or shut down. You can now program money to deiced what you want it to do and it executes on its own without a need for a third party. This is similar to the comparison of Web 1.0 Bitcoin to Web 2.0 Ethereum.

  2. How is transparency achieved with ethereum code?
    When a smart contract is confirmed into a block you can’t change the smart contract with out having to change the next existing blocks that come after that. With smart contracts there is transparency in being able to see what the smart contract is doing and taking the element of trust and middleman fees out of the equation.

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#2515
  1. What was Web 1.0?
    Web1.0 was the first web which was static, you couln t have a features of interaction. You could have link appended or ome text, until Java script is implemented and we arrived at web2.0
  2. What is a smart contract?
    Smart contract is a piece of code running on bloockchain , smart contract are programmable assets.
  3. How is transparency achieved with ethereum code?
    Smart contracts are the main reason why network is transparent, this pieces of code running on blockchain is easy visible to all nodes and miners
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#2516

  1. What was Web 1.0?
    The static version of internet. Until Web 2.0 was created and thanks to Javascript language it became dynamic, with chats, accounts within the page and so on.

  2. What is a smart contract?
    Small pieces of code that run on the Ethereum blockchain. It can hold money and can be programmed to complete transactions when the conditions are met.

  3. How is transparency achieved with ethereum code?
    The transactions are all visible to nodes and miners. When the block is entered to the blockchain, you can’t go back to modify it, without having to change the all the blocks following it.

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#2517
  1. Static websites which could only show Text, Images, Links and allow you to read and share information.

2.Small piece of code that runs on Ethereum’s Blockchain. It’s unstoppable and transparent contract

3.The code of the smart contracts is open for everyone to verify.

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#2518

  1. Web 1.0 was the beginning stage of the internet. It refers to static websites with little programmability which mainly showed text, images, and links.

  2. A smart contract is to the blockchain what Java Script was to the internet. It has allowed for programmable money and dynamic contracts which can execute a variety of tasks on the blockchain with no intermediary, in a trust-less fashion.

  3. As with the bitcoin blockchain, once a smart contract is deployed on ethereum, it is visible to all nodes and cannot be altered or changed in any way.

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#2519

  1. What was Web 1.0?
    Webpages without dynamics of e.g. javascript. Static readable information.

  2. What is a smart contract?
    An unstoppable piece of code, written in solidity. It can own/hold money, and spend the money based on its program.

  3. How is transparency achieved with ethereum code?
    Everybody can look into the code. Nobody can change or meddle with it.

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#2520
  1. Statics web sites that only can show text, image or links.
  2. A piece of code that run on the blockchain. Once is deplore de, Its unstoppable.
  3. Trustless. Open code that everybody can see but nobody can modified
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#2521

1.The web 1.0 was the beginning of the web where the webpages were not dynamic, meaning you could only see text images and links.There was no interaction
2.A smart contract is a code written in solidity (in the case of Ethereum)with specific instructions(often regarding value).As anything in the blockchain, it can not be erased or modified thus becoming a trust less way of dealing .you just need to verify , no need to trust anyone.
3.there is full transparency since everything is on the blockchain for everyone to see, there are no third parties involved

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#2522
  1. The first iteration of the internet, prior to Java script that could only send text and links.

2.smart contracts are prices of code deployed on the ethereum network that cannot be censored or shut down.

  1. Transparency is achieved because anyone can read and verify the code. The code cannot be manipulated for personal gain by those in power because they do not decide what is done, the code decides based on the rules written into it.
1 Like
#2523

  1. Web one is the very first version of internet, that could show text, pictures and share a link maybe, it was without Java script.

  2. Smart contract is a small pieces of code that runs on ETH networks, and smart contracts are programmable, for example so we can tell what to do when certain conditions are reached to a digital currency.

  3. Transparency is increased through few things. Open network so anyone can see who receives and sends money on ETH network, smart contracts play a huge role in that. Also as we can program smart contracts therefore we can program the money, that means that if I want to give someone money for some accomplishment, so when conditions to get that money are reached money will be sent to that person, but you can not change anything in the network to get that money, cause they way ETH network work is impossible to make such changes. So you have to play by the rules that is the only way. Ivan’s example of government adoption of what ETH can offer to increase transparency is great and on point.

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#2524
  1. Static websites
  2. Small pieces of code (written in solidity) that run on the etherium network. Smart contracts own and decide what to do with assets.
  3. Everyone can view
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#2525

  1. What was Web 1.0?
    Web 1.0 version was used before the creation of javaScript programming language, web pages could only be static showing texts, images and links , only read and share informations.

  2. 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 network.
    The code controls the execution, and transactions are trackable and irreversible.

  3. How is transparency achieved with ethereum code?
    Solidity programming language is used to write smart contracts to implement business logic in the system to generate a chain of transaction records.

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#2526

1 . web1.0 is the first option of internet where you could only read,write and share information
2. Smart contract is a programmable language called solidity where with a few lines of code you can execute an agreement between two parts
3. Noone can change the core of the contract since it have been published in the blockchain

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#2527

1.) Web 1.0 was an early version of the internet. This version was limited to basic text, images, and links due to programming capabilities.

2.) A smart contract is a digital handshake. The parties involved cannot go back on their word or attempt to scam one another. Smart contracts remove any issues concerning risk or trust.

3.) Similar to the bitcoin blockchain, all transactions are available for public audit.

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#2528
  1. Just static webpages .
  2. Self executing program that exists on the blockchain.
  3. Ethereum blockchain is public and anyone can audit all transactions.
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