Homework on Ethereum Intro

Ethereum 101
#2790
  1. Web 1.0 was static websites befre the introduction of javascript.
  2. Smart Contracts are coded decentralized IF functions that can be programmed to act in a certain way. These can not be altered until the parameters have been met. These allow for trustless transactions.
  3. Transparency is acheived because all smart contracts are visible on the public blockchain.
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#2791

The first stage of the www run on static no chat no social media yet

self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code. (Run on blockchain)

Confidencieality can be achieved through encryption but data can be traced by anybody

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#2792
  1. A static boring internet. Images (I guess videos too) texts and links.
  2. A small piece of code that runs on the blockchain.
  3. It runs on the blockchain and everyone can verify it, just like bitcoin transactions.
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#2793
  1. What was Web 1.0?
    It is static websites when users can only read and share the information.
  2. What is a smart contract?
    A Smart contract is a piece of code on blockchains to define the sets of rules, condions, consequences… Once it is set and deployed on the blockchain, no one can alter or delete it.
  3. How is transparency achieved with ethereum code?
    It heritates the transparency of blockchain technology, furthermore ethereum code is a permissionless smart contract that users only need to trust the math not specific people or party.
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#2794

  1. Web 1.0 was the first iteration of the Web. It was static with limited possibility to interact, websites could display images and text and link to other websites.

  2. A smart contract was defined by Nick Szabo as: “a set of promises, specified in digital form, including protocols within which the parties perform on the other promises.” the definition has since been refined and expanded, in the context of Etherium it’s now: “immutable computer programs that run deterministically in the context of an Ethereum Virtual Machine as part of the Ethereum network protocol—i.e., on the decentralized Ethereum world computer.”

  3. Transparency is achieved through the publication of the contracts on the etherium blockchain, once the contracts are published they cannot be tampered with.

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#2795

  1. Web 1.0 was the first iteration of the internet. It was a static place only allowing for one directional communication.

  2. A smart contract is a dynamic contract of programmable money. It eliminates the need for middlemen in financial contracts, like escrow companies for example. It provides the same security and transparency of a bitcoin/blockchain txn.

  3. The ethereum code is still rooted in the blockchain protocol. The same elements of POW are consistent with the code, with a history of the txn/contract being visible to all on the network.

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#2796

Homework on Ethereum Intro - Questions. (Questions were updated on Dec 3 2019 )

  1. What was Web 1.0?
    This was the internet before we added JS to websites. So static websites that we could share info with but not interact with.

  2. What is a smart contract?
    Small pieces of code that run on the Ethereum blockchain. It allows us to interact and transact with anyone, anywhere, with out having to trust them.

  3. How is transparency achieved with ethereum code?
    Because Ethereum is a blockchain everything is transparent for everyone to see. Blockchains are inherently transparent (public).

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#2797

  1. The first version of the internet. Static pages only displaying text and pictures.

  2. Programmable money - Code written with Solidity on Etherium to determine what the money should do.

  3. Everyone can see and read the code on the blockchain showing what the smart contract does.

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#2798

  1. Web 1.0 was the first version of the internet that was allowing only text and images to be viewed.

  2. A smart contract is a program on a blockchain that will proceed with a certain action when a given order or command happens. A smart contract cannot be altered or modified after deployment and can manage data or funds.

3.A smart contract is archives transparency because is accessible for everyone to see the data in the blockchain.

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#2799

  1. What was Web 1.0?
    A. internet prior to Java Script.

  2. What is a smart contract?
    A. Programable code running on the block chain.

  3. How is transparency achieved with ethereum code?
    A. Can be viewed by all.

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#2800

1.) Web 1.0 describes former static web pages, which only contained text, images and links.

2.) A Smart Contract is a programed code running on the Ethereum Blockchain. Smart Contracts are unstoppable and fully transparent and can contain almost every services by skipping the man in the middle.

3.) Every transactions, smart contracts and other services are transparent to everybody. Its open and unstoppable.

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#2801
  1. Web 1.0 was static text, links and images
  2. Smart contract is small pieces of code running on ethereum blockchain. Any one can create such a smart contract using solidity language.
  3. Smart contracts, transactions are fully transparent for anyone to see
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#2802

It was a static website with only text, images and links. Could not have chat or accounts.

#2803
  1. It was a static website with only text, images and links. Could not have chat or accounts.
  2. A smart contract is a short code run on the Ethereum blockchain. It is unstoppable. Transactions are visible whereby anyone can see who was sending and receiving money. The smart contact allows two parties to transact without a middleman in a trustless environment.
  3. There is transparency in that anyone can see the transactions. Additionally, transactions are immutable. No one can go back and change the transaction. Once the conditions within the contract are met, the funds will be released to the recipient. The recipient doesn’t have to trust the sender, because the transaction cannot be altered.
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#2804

Web 1.0 had pictures with no links and had bare information on the pages. There was no chat rooms to be truly interactive with other users.

A smart contract is one in which you can program money or any other type of reward or physical or trademark on ethereum’s blockchain that would be as good as going into court digitally. It cuts the middle man out.

It is generated on the blockchain and once it is on a block unless you have consensus by the users on that block; you cannot go back and change it. It is the digital mirror to setting something in stone that connot be changed once you move foward.

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#2805
  1. Static websites without javascript
  2. A piece of code on the ethereum network, written in solidity, which makes money programmable
  3. The code is open. You can look up almost everything on the bc.
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#2806

Homework on Ethereum Intro - Questions. (Questions were updated on Dec 3 2019 )

  1. What was Web 1.0?
    Web 1.0 was internet before javascript, where you could only have text, images and links
  2. What is a smart contract?
    A smart contract is a unchangeable transparant contract which decides what to do with the money
    according to the programmed rules
  3. How is transparency achieved with ethereum code?
    with the use of blockchain
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#2807

Homework on Ethereum Intro - Questions. (Questions were updated on Dec 3 2019 )

  1. What was Web 1.0?
    The web pages before the introduction of Java script. static pages that you could not interact with.
  2. What is a smart contract?
    It is a code in the blockchain of Ethereum that self executes if certain conditions are met.
  3. How is transparency achieved with ethereum code? Smart contracts, same as transactions are visible from anyone.
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#2808

  1. What was Web 1.0?
    The initial phase of the internet where websites were text only and not interactive

  2. What is a smart contract?
    Is a contract, written in code, that executes a transaction on the blockchain if certain predefined conditions are met.

  3. How is transparency achieved with ethereum code?
    There are no middlemen running the ethereum blockchain and interfering with the smart contracts. All transactions are executed by the blockchain and cannot be changed or corrupted. Also the ethereum code is open source and available for everyone to see. It is not kept secret for only a special few to keep for themselves.

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#2809
  1. What was Web 1.0?

Web 1.0 = simple information where users receive information without the opportunity to post comments, feedback and reviews. Kind of like reading a physical newspaper.
Web 1.0 was a readable phase and it was all about sharing information.

  1. What is a smart contract?

Eth is all about smart contracts. A small contract is a small computer program or small pieces of code that can hold money and be programmed to do exactly as told. The smart contract is stored inside a blockchain and the programming language used is called solidity that makes smart contracts possible.

Smart contracts are agreements between two people in the form of computer code and can be done and sent automatically without a third party. The transaction only happens when the conditions in the agreement are met.
The contracts are run on the blockchain, stored public and cannot be changed. Meaning that the smart contracts are trackable and irreversible.

  1. How is transparency achieved with ethereum code?

With transparent smart contracts managed by transparent codes and not managed by an institution or a group of people, where the rules are written in codes that are irreversible, immutable, unchangeable. It will be impossible for anyone to corrupt and lure the system.

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