Homework on Ethereum Intro

Ethereum 101
#2710
  1. What was Web 1.0?

It is the 1st version on web on which only static text can be added. No interaction, no account with dynamic info.
JavaScript allowed Web 2.0.

  1. What is a smart contract?

A smart contract is a pièce of code on the blockchain. As soon as terms are met, contract is automatically executed.

  1. How is transparency achieved with ethereum code?

Transactions cannot be removed or changed.

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#2711
  1. What was Web 1.0?

Was the first instance of the internet. It was very static with just text, images and links

  1. What is a smart contract?

A smart contract is a piece of code that takes the trust out of agreements that is published in a decentralised manor.

  1. How is transparency achieved with Ethereum code?

Everything is publicly available to view on the Ethereum blockchain

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#2712
  1. Simple static web pages, text, images,links, limited user interaction.
  2. Smart contracts allow money to be ‘programmed’ to using code.
  3. Smart contracts can be viewed and verified by anyone, they are impossible to alter.
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#2713
  1. What was Web 1.0?

old static websites

  1. What is a smart contract?

A set of conditions programmed into a contract: “If you do this then I will release this”

  1. How is transparency achieved with ethereum code?

Everything is public and cannot be altered.

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#2714

  1. Web 1.0 were the first versions of websites. They were static, only able to have text, pictures, and links.

  2. Smart contracts basically are programmable code on top of a blockchain. You can program anything from apps to money.

  3. Transparency is achieved due to the fact that a smart contract is unstoppable once its placed on the blockchain. Everyone can see the code and and it will always execute the contract if the input conditions are met.

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#2715
  1. Web 1.0 was the first generation of the internet where websites were static in the form of texts, images and links. JavaScript changed this and made websites dynamic and programmable to bring on the era of Web 2.0.
  2. A smart contract is a piece of code running on Ethereum using Solidity. They are unstoppable and execute based on the inputs and when specifications programmed into the code are met.
  3. Transparency is achieved because everyone can see the code that produced the smart contract. Since they are unalterable + unstoppable, the conditions and outcomes are clear to everyone and don’t rely on trusting any entity to uphold their side.
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#2716
  1. It is a web sites with text, links, images without any dynamic content.
  2. Smart contract is a program deployed on the blockchain and executed there.
  3. Any one can view any actions on blockchain txs, smart contract interactions and also smar contract logic.
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#2717
  1. Web 1.0 was basically static websites that only included texts, images and links. It was not dynamic.
  2. A smart contract are small pieces of code that can own money and decide what to do with it based on the code (conditions)
  3. Everyone can see the transaction on the Ethereum blockchain.
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#2718
  1. The first internet where only text was transferred or displayed.
  2. A smart contract is an application running on the blockchain.
  3. The programming code is public.
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#2719
  1. What was Web 1.0?
  • Web 1.0 was the original internet in which you could not do much besides read information that was on the internet before the introduction of JavaScript.
  1. What is a smart contract?
  • A smart contract is an on chain agreement that allows for a trustless environment. It is code that is put into the blockchain and cannot be undone once put it in. This allows for money to be put into the network without relying on a central party to release the funds when the agreement is reached. If the agreement is not reached upon time, the funds can be released back to the sender.
  1. How is transparency achieved with ethereum code?
  • Transparency is achieved with the Ethereum code by being a dynamic programmable blockchain which allows for a trustless environment based on smart contracts. This information is public and once put into the blockchain cannot be undone.
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#2720
  1. What was Web 1.0?

It is the first version of the Web, which was very static, with very basic functions like text, images and links, and that’s about it. :slight_smile:

  1. What is a smart contract?

Simply put, it consists of small pieces of code that run on the Ethereum Blockchain, that can be used to program your money or assets.

  1. How is transparency achieved with ethereum code?

All transactions and smart contracts can’t be changed, just like bitcoin and blockchain, thus can be verified by anyone ( who knows how :smiley: )

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#2721
  1. What was Web 1.0?

Static website with only information to read at a given address.

  1. What is a smart contract?

A pre-programmed set of code that executes instructions as indicated (including financial transactions) for certain readable events without anyone needing to interact with the code unless programmed to do so.

  1. How is transparency achieved with ethereum code?

Same hashing algorithm as Bitcoin’s blockchain that enables public database and proof of work methodology to maintain transparency and consistency/consensus.

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#2722

1- Web 1.0 is the initial static structure of the internet.
2- Smart Contracts are small pieces of code on the ETH blockchain that allow programing assets that execute different actions.
3- The ETH code is visible for everyone

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#2723
  1. What was Web 1.0?
    Simple pages with text and links on. No javascript.
  2. What is a smart contract?
    A code that runs on the ethereal blockchain programmed with solidity.
  3. How is transparency achieved with ethereum code?
    Because nobody can change a smart contract. The contract does what it has to do.
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#2724
  1. The first web where everything was static. There were no dynamic pages.
  2. A smart contract is a small piece of code that runs on the ethereum blockchain.
  3. Transparency is achieved because everyone can see the code in the smart contract and it cannot be changed.
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#2725
  1. What was Web 1.0?

It is a static wesite that consists of text, images and links

  1. What is a smart contract?
    A smart contract is a code on the blockchain with automatically happen when a preset list of requirements happens, it is unstoppable.

  2. How is transparency achieved with ethereum code?
    Transparancey is achieved as everyone can see it on the blockchain, there is no central authority and it is approved on the blockchain through consensus.

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#2726

  1. First version of the internet. Text and image information shared only. No chat or interaction.

  2. Small pieces of code that run on the ETH bockchain, that can be programmed to own and decide what to do with money

  3. By being trustless. Everyone can see the exact trajectory of the money moving around. And it is mathematically nearly-impossible to go and change the content of a contract.

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#2727

Answers:

  1. Web 1.0 was the first version of the world wide web where website creators presented
    non-dynamic static information to a browser. The person browsing the website couldn’t
    set information, image or layout preferences.

  2. Smart contracts are pieces of programmable code that can add instructions and conditions
    to a Blockchain transaction. Whether the conditions are met or not will decide what
    instructions are followed on how to execute the transaction.

  3. Etherium code is transparent because the Etherium Blockchain and Smart contracts are
    public and visible to anyone who would like to verify something on it.

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#2728

  1. What was Web 1.0?
    It was a static web, without JavaScript, for example.

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

  3. How is transparency achieved with ethereum code?
    Anyone can read a smart contract on Ethereum blockchain.

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#2729
  1. Web 1.0 was early web development that was static and only allowed for links, pictures and text and was pre Javascript
  2. A smart contact is a small piece of code created on the ETH network. They can own and decide what to do with money.
  3. It is achieved in a similar way that BTC is transparent, by verifying and sharing transactions across a decentralized network.
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