Homework on Ethereum Intro

Ethereum 101
#2629

  1. What was Web 1.0?

  2. What is a smart contract?

  3. How is transparency achieved with ethereum code?

    Answers
    1). Web 1.0 are static pre-JavaScript websites consisting of texts, photos and links.

2). Smart contracts are small pieces of codes running on ethereum blockchain, programmed using solidity, which makes it possible to have a programmable blockchain. They have the ability to own and make decisions on how to spend money without the interference of a third party.

3). Transparency is achieved with ethereum code using smart contracts which are visible to the entire public and once programmed and a condition is given on how money should be spent , it cannot be changed or reversed.

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#2630
  1. What was Web 1.0?
    Web 1.0 was www when it first came out… With only basic functions unlike now when webpages are interactive
  2. What is a smart contract?
    Smart contract is a decentralised contract which is managed by code
  3. How is transparency achieved with ethereum code?
    By being public on a public blockchain.
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#2631

  1. The first web when you could only visit websites and view information and couldn’t interact with it

  2. Is code that is added and executed automatically on a blockchain

  3. All information about the smart contracts is visible on the blockchain and cannot be altered. The same way a transaction cannot be changed on the Bitcoin blockchain

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#2632

  1. Web 1.0 refers to the first stage of the World Wide Web evolution. Web 1.0 services were presentation-oriented content viewing services based on technologies supporting static web pages, without interaction, used just to display information.

  2. A smart contract is a computer program that defines and enforces a set of conditions. It is an unstoppable and transparent application that can handle money.

  3. Transparency is achieved with Ethereum code because once a smart contract is deployed, its terms are virtually impossible to undo or alter. Immutability is a common feature of cryptocurrencies and blockchain as its infrastructure.

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#2633

Web 1.0 is the internet where all that is possible is the creation of a site to read and share info, static design
2-Smart contracts allow for programmable money,
the ability to send value(money, nft…) to a contract which is not modifiable once on the BC
to then executes your contract wishes .
3-Through visibility on the BC. The smart contract cannot be modified in any way just viewed.

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#2634

1, web 1.0 is a static, basic and the first technology where the options are limited. it can only be used for very basic things such as reading and sharing text data.

2, smart contract is a program that can hold and manage data is used to create applications for different purpose, it cannot be altered after it goes on the block chain and fully transparent,

3,smart contracts can be viewed but not altered or removed, it makes it trustless,

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#2635
  1. Web 1.0 was static, meaning strictly text, images, and links. Very different from today’s websites.
  2. A smart contract is written using solidity and carries out a desired action on the block chain.
  3. Ethereum achieves transparency in the same way Bitcoin does by making the block chain data visible to all of it’s users.
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#2636
  1. What was Web 1.0?

This was the internet when it only had very basic capabilities: website was very sparse: static, only text and maybe a link that you copied and pasted.

  1. What is a smart contract?

A programmable code that is created with an Etherem program called Solidity. On its own it would decide what to do with money.

  1. How is transparency achieved with ethereum code?

The code or program is visible. No one can change it. It is automatic. Creates a trust less action that does not depend on human interface.

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#2637
  1. What was Web 1.0?
  • Static webpages, which you can only read. No interaction was possible. (like videotext)
  1. What is a smart contract?
  • It is a programm (lots of code) running on a virtual machine.
  1. How is transparency achieved with ethereum code?
  • everybody can read the code on for example Etherscan.
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#2638
  1. What was Web 1.0?
  • Web 1.0 was just like a static website that people could read and showing images, text & links. As it was not written with Javascript, there was no possibility for interaction, for social media or chat.
  1. What is a smart contract?
  • Smarts contracts are small pieces of code that in this case, run on the Ethereum Blockchain. They are programmed using a language called Solidity and deployed onto the Blockchain allowing transactions that can hold money or other assets, can be programmed to be unstoppable and to execute at a certain time and under certain conditions in the future. These TX´s remove the need for middle men and 3rd party trust, moreover they are transparent as the source code can be reviewed by anyone.
  1. How is transparency achieved with ethereum code?
  • As just mentioned, due to the code being available for anyone to review showing the transaction and how and when it occurs, a high level of transparency is met. This then offers an ideal business case for governments to utilise this type of method, adaptable to virtually all sectors.
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#2639

1)Web 1.0 is old version of internet consists of static pages which only capable of showing texts, images ,link etc
2) Smart contract is a piece of code that deployed into blockchain which can hold your money and manage it according to the programming
3)Transparency is achieved as all can see the smart contracts and verify either is working properly or not

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#2640

static web sites
a contract on a chain, that is locked
the code can’t be changed without the communitys consensus

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#2641

1 It was the first version of the internet, very simple one where it was possible send or receive information like pictures, text and links.

2 Its a code of Ethereum blockchain where is possible to program what to do with money depending on the set up you decide.

3 Because there is no trust on third parties, the mathematics are saying the truth. Its possible to see the transactions made.

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#2642
  1. What was Web 1.0?

Static websites, using plain HTML and static images and urls.
2. What is a smart contract?
A smart contract is a small piece of code, which is executed on e.g. the ethereum blockchain.
The code maintains logic and money, which can only be manipulated through predefined functions.

  1. How is transparency achieved with ethereum code?
    Since all ethereum code is executed by the ethereum blockchain, which in itself is fully transparent, all the code execution is fully transparant.
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#2643

1-Web 1.0 was the Internet

2-A smart contract is a contract written in computer code that can be executed on a blockchain without human involvement, except for entering the input data

3-Transparency is achieved by the blockchain for ETH being open and all transactions on the blockchain are visible to everyone

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#2644

  1. What was Web 1.0?
    Static web sites that would display text, images, links, etc, but that were not dynamic regarding services it could offer depending on which user was accessing them and what services they required.

  2. What is a smart contract?
    A smart contract is the capability of the ETH network to hold and release funds based on whether or not certain conditions are met.

  3. How is transparency achieved with ethereum code?
    The code is publicly available to read. This makes ‘trustless’ transactions possible. Users don’t have to trust other users, they simply have to confirm what the codes does.

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#2645

  1. The internet with static websites that allowed for text and images.

  2. Small pieces of code that run on the Eth blockchain.

  3. Once on the blockchain, the contract cannot be altered without everyone being able to view it.

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#2646
  1. What was Web 1.0? Basic websites that use text and images
  2. What is a smart contract? coding in the ETH blockchain that allows a transaction to be sent and held until specific conditions are met
  3. How is transparency achieved with ethereum code? Its publicly available
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#2647

  1. What was Web 1.0? — static websites consisting of simple pictures and text, no chat video etc

  2. What is a smart contract? — Like js to turn Web 1.0 into Web 2.0 but instead uses solidity to allow code to run on ethereum network, hence programmable money & assets (kids only get money if above GPA), and enabling blockchain gen 1 to gen 2

  3. How is transparency achieved with ethereum code? — because code is public on the blockchain and so all actions are visible and permanent, hence removes middleman and corruption surrounding “trust”

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#2648

Web 1.0 was simply static websites consisting of text images or links. They were not as dynamic as the websites of today.

A smart contract is a small piece of code that runs on the Ethereum blockchain. There is no way to reverse it.

Ethereum uses the coding language of Solidity, no one can shut it down or reverse the transactions. It removes the requirement and the trust of a middleman.

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