Homework on Ethereum Intro

Ethereum 101
#2810

  1. What was Web 1.0?
    The basic version of web (pre-Javascript) where web content was not dynamic and interactive, only text, image and links were displayed. Information was generally shared but users were not able to interact with it.

  2. What is a smart contract?
    Small pieces of code that when certain conditions are met, will trigger and perform certain actions. It is able to contain and move money and hence is known as a programmable money.

  3. How is transparency achieved with ethereum code?
    It is achieved as the codes are open source and the blockchain system meant that the data and actions performed are immutable which prevents manipulation.

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#2811

  1. static websites with plain links and texts

  2. It’s a piece of code on a blockchain. it assures that transaction is released only after proof of work

  3. you can verify all the transactions, everything is public

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#2812
  1. What was Web 1.0? Static, text & images.
  2. What is a smart contract? Programmable small pieces of code
  3. How is transparency achieved with Ethereum code? It is available for all to view on the Blockchain, decentralised and trustless.
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#2813

  1. Web 1.0 was the first version of the internet. It was static and non-programmable, only offering text and images.

  2. Smart contracts are small pieces of code that run on the blockchain. The purpose of them is to offer dynamic solutions such as automatically executing transactions when certain conditions are met.

  3. In the same manner that it is achieved in Bitcoin, by having a distributed immutable ledger that is accessible to anyone on the network 24/7.

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#2814

  1. Web 1.0 was the first version of the internet which was entirely made up of static pages back when JavaScript didn’t exist.

  2. A smart contract is a small piece of code running on the Ethereum blockchain. It is programmed in Solidity and it can hold money. Once a smart contract is deployed to the blockchain it cannot be changed.

  3. Transparency is achieved by making every transaction on the blockchain accessible to anyone on the network.

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#2815
  1. Web 1.0 was a static implementation of the web, which did not allow for many of today’s dynamic features, due to not having a scripting language for those features i.e. javascript
    2.Smart contracts are small pieces of code in Solidity, which when deployed are unstoppable, transparent, trustless, require no middleman, can make decisions on events, and cannot be reversed.
    3.Transparency is achieved with Ethereum code, by being tamperproof, from the way blocks are connected, and anyone can see the code to verify what has been activated and should occur.
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#2816

  • What was Web 1.0?
    -> Web with static content

  • What is a smart contract?
    -> A program hosted by the Ethereum smartchain

  • How is transparency achieved with ethereum code?
    -> The code is transparent and once the program is deployed, it is unstoppable.

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#2817
  1. Simple HTML pages–text, images, and links.
  2. A program which holds and releases money when conditions are met.
  3. It is all logged on the blockchain, can be verified by general public.
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#2818
  1. What was Web 1.0?
    It was the early internet. It was static, text image and link
  2. What is a smart contract?
    Smart contracts are self-executed conditional agreements between parties that is written into code and stored on the blockchain.
  3. How is transparency achieved with ethereum code?
    It’s achieved because a smart contract cannot be censored, reversed or changed once it is deployed. 3rd parties are removed. It is done in a trustless way. Only code is trusted.
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#2819

  1. Web 1.0 existed prior to javascript being added and it only consisted of static websites that could only show text, images and links. You could only read and share information.

  2. Smart contracts are small pieces of code that run on the Ethereum blockchain. A smart contract is completely unstoppable and nobody can shut it down. It can be programmed to own money and decide what to do with it.

  3. Transparency is achieved with smart contracts because you can see exactly what is happening to it in terms of transactions. You can see who is sending money and who is receiving money from the smart contract.

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#2820
  1. Web 1.0 was static html websites.
  2. A smart contract is a programmable entry on the block chain where we can set up handling of $$ payments only if and when certain conditions are met.
  3. It’s open to anyone to read/verify. Once entered it can’t be changed.
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#2821

1 Static websites. very limited User interaction.
2 It is a way to biuld programs who is decentralise.
3 It is a permissionless system. Once the code is deployed, you do not need to trust anyone. You only need to trust the math.

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#2822
  1. The static Internet, websites consisting of text, images and links.
  2. Trustless contract that executes according to code on the Ethereum blockchain. No middleman or trusted party required.
  3. Trustless transaction on the blockchain. Open to public, nothing can be altered
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#2823
  1. What was Web 1.0?

Web 1.0 was the original version of the internet before Java Script was added to browsers. This meant that original websites could only show, text images and links and were not dynamic or programmable like the websites we have today such as Social Media.

  1. What is a smart contract?

A smart contract is a piece of code added to the blockchain which makes transactions dynamic and programmable. Once written it cannot be changed, is completely transparent and can make decisions on what to do with assets based on the rules of the contract when it was originally written.

  1. How is transparency achieved with ethereum code?

Any party can view any smart contract and once a smart contract is written it cannot be changed hence this completely removes the need for trust in the other party as you and anyone else can verify the terms of the smart contract at any time.

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#2824

1. What was Web 1.0?
It was when the web only consisted of static boring websites with no interactive contents only text, pictures, and links. When you can only read and share information. Javascript made Web 2.0 a reality.

2. What is a smart contract?
It is a small piece of code that runs on the Ethereum blockchain and uses a programming language called Solidity. It is unstoppable and completely transparent.

3. How is transparency achieved with ethereum code?
Nobody can go back and change the code on a smart contract it is ingrained in the blockchain and is not possible to change. It is not possible to change thing that are already in the blockchain.

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#2825

1.) What was Web 1.0?
The earliest and simplest version of the Web. There was Text/Images/Links
2.) What is a smart contract?
A Programm/Code on the Blockchain. It is unstoppable and on ETH its coded in solidity
3.) How is transparency achieved with ethereum code?
Code is public → everyone can see it.
Smart Contracts are unstoppable. To make a change you would have to remine a Block.

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#2826

  1. The first version of the internet where you can only see things and not interact.

  2. a programmed contract on the blockchain

  3. Because everything is visible on the blockchain of Ethereum

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#2827

  1. Web 1.0 was websites with static text and images. Web 2.0 brought in the dynamic elements.

  2. Smart contracts are a set of rules on the blockchain that control funds based on the conditions laid out within the contract itself.

  3. Through the ethereum code all parties can see what the rules to the smart contract are and know that these rules cannot be changed without major changes to the blockchain.

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#2828
  1. What was Web 1.0?

Web 1.0 was before the internet as we know today. In web 1.0, you can only have some texts, imagines and links.

  1. What is a smart contract?
    Smart contract is programmable blockchain that can be used to program money and it removes trust. Never trust, verify.

  2. How is transparency achieved with ethereum code?

Transparency is acheieved with ethereum code because anyone can look at its code and see how it works under the hood. 100% verifiable.

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#2829
    1. Web 1.0 only allowed for static websites, containing images, text and links. There was no dynamic content.
    1. A smart contract is a piece of code that runs on a blockchain. It can control money and decide, according to its rules, what to do with this money. Once started, there is no way to stop or shut down a smart contract. If you don’t program a way to get the money out of the contract, it is gone forever.
    1. As anyone can see what happens with the assets like money, there is absolute transparency. Similar to BTC.
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