Homework on Ethereum Intro

Ethereum 101
#2690
  1. Simple Websites, without dynamics simply to share information.
  2. A code in the blockchain environment that is decentralized and trust less. It executes the rule when certain events happen
  3. its transparent and available to be traced.
1 Like
#2691

Web 1.0 refers to the first iteration of the internet that had static webpages before javascript was created.

Smart Contracts are codes on the Ethereum network that can be used to automatically send money if certain criteria are met.

Ethereum is open source and has a public ledger that can be viewed/audited by anyone, much like Bitcoin

2 Likes
#2692

1.btc uses utxo’s, eth uses balance. eth implemented smart contracts evolving the blockchain but still rellying onPOW. BTC uses sha-256, ETH uses ethhash. ETH is just moving to POS

  1. ETH uses EVM to execute code written in Solidity or Vyper to prevent CPU from malicious apps deployed on network, as normal computer uses cpu directly.

  2. secured, transparent, trustless, no down time

1 Like
#2693

  1. Web 1.0 was the internet before Java script

  2. A smart contract is a peace of code that can hold money

  3. By making it impossible to return a smart contract, so when you “program” it its final.

1 Like
#2694

Web 1.0 = Transactions posted on the blockchain
Smart Contracts allows for programming to happen on the blockchain - Web 2.0
Everything on blockchains is open and transparent - so placing it onto the blockchain makes it transparent.

2 Likes
#2695
  1. Web 1.0 involves links, images and text no javascript programming.
  2. A smart contract is a programmed contract that is transparent and cannot be changed and executes its commands once the conditions have been met.
  3. Transparency is achieved because everyone can see what is happening with the money because the blockchain is available to everyone henceforth the smart contracts are on the blockchain.
1 Like
#2696
  1. Web 1.0 was the first internet that was simple 1 way connection where you could see images and words.
  2. A computer program that automatically controls or executes on events or actions that are built into the code. So no one can change or alter them.
  3. Transparency is achieved by having the code publicly available and all transactions are saved on the blockchain.
2 Likes
#2697

  1. What was Web 1.0?
    The firs version of webpages, they only contained static text, images and links. Users were limited to read and share information.

  2. What is a smart contract?
    It’s a code that is linked to the blockchain which allows users to program money. Once the contract is created, it cannot be changed. It will only execute.

  3. How is transparency achieved with ethereum code?
    Users are able to see who is sending and receiving “money”, to and from the smart contract. Don’t trust, verify.

1 Like
#2698

  1. Web 1.0 is an early version of the internet where all that was possible to do on websites was display text, images, links and also share. However websites could not change their interface depending on the user and an inability to script websites meant that their was no such thing as social media, texting, account making or other nowadays common features on websites until web 2.0.

  2. A smart contract are lines of code in the blockchain with certain commands that would be executed in the event of something. Money is locked in the SC and this money will go to a specified address depending on the specified event. For example I make an SC and load it up with $100 in ETH that will go to my son if he wins a marathon. The money in SCs and the code used to make them also cannot be tampered with or taken out by anyone (including the creator), similar to how you cannot change the data of the transactions or the hash of a bitcoin block as that will create consequences you cannot deal with. The only way money can be taken out of an SC is if the code or commands in it permit so. Using the same example if my son loses the marathon, the money will go back to me, however my son doesn’t need to worry about me changing my mind if he wins, as he can see the code in the SC and would know that I have no power to take any money out unless he loses.

  3. As touched upon before everyone can see the contents of a SC, to know if, for example they may be scammed by the code of an SC. They can also see which addresses are sending and receiving money.

1 Like
#2699

  1. Web 1.0 was the first version of the internet. It consisted of static websites that could show text, images and links.

  2. Smart contracts are unstoppable code contracts that are put in blockchain. They can hold money and distribute it exactly as coded. They can also carry out programming rules and transactions when coded to.

  3. Transparency is achieved with ethereum code by using blockchain technology so everything can be verified and trustless. Don’t Trust Verify!

1 Like
#2700
  1. It was the web before JavaScript, it was static ( web pages could only show text, images and links)
  2. A small piece of code deployed on a blockchain. (in the case of Ethereum the code is written in Solidity)
  3. Just as with the bitcoin blockchain, the Ethereum blockchain makes all transaction transparent and irreversible / unstoppable, this includes all transaction also tx with code attached to it.
1 Like
#2701
  1. What was Web 1.0?
    It was what the 1st version internet language
  2. What is a smart contract?
    Smart contracts can own and act with money
  3. How is transparency achieved with ethereum code?
    Through smart contracts - PoW - Blockchain transparency
1 Like
#2702

1.It was the internet that had basic functions and that had only 1 single face to show to every user in regards to the content presented on the web.
2. Smart contracts are programmable code contracts on the blockchain that can be terminated only by meeting the requirements of it.
3. Transparency is obtained thanks to the blockchain technology.

1 Like
#2703
  1. Web 1.0 was the first version of the internet, where options were quite limited. It was static, and could only display text, images and links.
  2. A smart contract is an ablication which can hold money and release it under given circumstances.
  3. Everyone who understands the programming language of solidity can read what a smart contract on the etherium network is doing. Therefore it´s transparent.
1 Like
#2704
  1. Non scripted websites. Text, links and images.
  2. Coded contract to execute actions in a trustless way.
  3. By being a open and transparent blockchain. Dont trust, verify.
1 Like
#2705

  1. Web 1.0 was the first type of websites, which could only have static content.

  2. A smart contract is code that only executes under certain conditions.

  3. Transparecy is achieved with ethereum code as smart contracts can be viewed and verified on the blockchain by anyone.

1 Like
#2706

  1. Web 1.0 were static web sites that only pass information like text, images or links;

  2. A smart contract is a piece of code programmed to do something if something happens;

  3. Transparency is achieved in Ethereum because you can see the code of smart contracts, this way you dont need to trust anyone. “Dont trust, verify!”.

1 Like
#2707
  1. What was Web 1.0?

Web 1.0 was the web before interaction was possible. This was the static hosting of files that could be accessed by other on the internet. Before the introduction of JavaScript (and other languages) to interact in the form of web applications that serve as interface for the visitor.

  1. What is a smart contract?

A Smart Contract is code that can be executed on a blockchain. It is a way of making money “smart”. A Smart Contract can describe actions and/or conditions that relate to funds on a blockchain.

  1. How is transparency achieved with ethereum code?

Since these contracts are executed and stored on the blockchain, it gives insight into what happens and why this happens. This concept not only introduces transparancy but also reduces the need of an operational middleman.

1 Like
#2708

  1. Web 1.0 was the first type of internet. Where it was static, you could input text, images and links. It wasn’t until 2.0 where you could start having more dynamic functions like chat and accounts.

  2. A smart contract is a piece of code that is created using the solidity language. Once deployed onto the network it can’t be changed, just like a block. It can be used to exchange digital currency, that can’t be released until a certain rule or rules have been met. For example i setup a smart contract to release funds to my child if he gets straight A grades at school. No money can be released from the smart contract until this has been fulfilled.

  3. Transparency is achieved using the ethereum code as there is no intermediaries. You don’t need to trust anyone. It is trustless, you just allow the math to do its thing. Also, all smart contracts are visible to anyone on that blockchain.

1 Like
#2709

  1. Web 1.0 was a static web without Javascript

  2. Smart contract is small pieces of code that run on the blockchain.

  3. No one can control the smart contract,

1 Like