Homework on Ethereum Intro

Ethereum 101
#2830

  1. Web 1.0 was the first version of websites that were only static pages with simple text, images, and links.

  2. Smart contracts are dynamic programs that among other things can own and decide what to do with money.

  3. Anyone can view transactions.

1 Like
#2831

  1. What was Web 1.0?
    A) Internet without javascript where the web consisted of just text, photos, and links.

  2. What is a smart contract?
    A) Small pieces of code that can hold and decide what to do with money and assests by being programmable.

  3. How is transparency achieved with ethereum code?
    A) Allows anyone to view the entire blockchain making it a trustless system based on mathematical verification.

1 Like
#2832

  1. From Btc perspective: In Bitcoin we can send and receive bitcoin, hold in wallets, have our utxo’s but not more (1.0.). With Ethereum (Web 2.0) we can create a smart contract --> it is programmable and dynamic.

  2. Smarts contracts are small pieces of code that run on the blockchain. It is completely decentralised, we can see all the tx’s like btc. Smart contracts have the money (when we create and send one) and will give the money to those people/institutions which is in the code/programm written. It can not be changed anymore.

  3. Like Btc. All tx’s can be seen. It has also PoW.

1 Like
#2833

  1. The Web 1.0 was the first version of the Internet before Java Script. It was very static and user interactions were very limited.

  2. A smart contract is a small piece of code that runs on the Ethereum blockchain.

  3. Transparency is achieved with Ethereum code due to the fact that all small contracts are visible for the public and everyone can see that they run properly. Small contracts are also immutable and induce a trustless system, which means that no middlemen are needed.

1 Like
#2834

  1. What was Web 1.0? - the simplest version of internet, where information could only be read ans shared.

  2. What is a smart contract? - it’s a piece of code that runs on the ETH blockchain.

  3. How is transparency achieved with ethereum code? - smart contracts are unstoppable, no one can go back and ammend a contract, exactly as in the Bitcoin blockchain, with past transactions.

1 Like
#2835
  1. What was Web 1.0?

Web 1.0 was a the internet before javascript made it 2.0. Web 1.0 was static and only data like images, text and links could be shared comparable to blockchain before ethereum.

  1. What is a smart contract?

A smart contract is a small piece of software code that works on the ethereum blockchain that can be programmed to store for example money or assets and the SC behaves according to the programmed conditions.

  1. How is transparency achieved with ethereum code?
    Everyone can see the transaction and what it is doing.
1 Like
#2836

  1. What was Web 1.0?
    Web 1.0 is an internet that has static websites where you can only read and share information.

  2. What is a smart contract?
    A smart contract is a small piece of code that can run on the Etherium blockchain that can define rules and automatically enforce them once the critea is met.

  3. How is transparency achieved with ethereum code?
    Once the smart contract is transacted it is on the blockchain and everyone can see the transaction, and there is no way to change or remove the transaction.

1 Like
#2837

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

  1. What was Web 1.0?
    Web 1.0 is a static web, providing information purely, can be shared but not interactive
  2. What is a smart contract?
    Smart Contract is a programmable money code that allows one to set up a unchangeable contract.
  3. How is transparency achieved with ethereum code?
    The smart contract once written is shared and anyone can see it. Once it is executed it is not possible to amend it as it works like Proof of Work concept.
1 Like
#2838
  1. Web 1.0 was the initial iteration of the internet comprised of mostly static websites.
  2. A smart contract is an application written on the Ethereum blockchain that executes when certain conditions are met according to the rules coded into it.
  3. Anyone can view the code.
1 Like
#2839

Web 1.0 was static website where you could only read and share information. Chat, for example, was not possible.

Smart contracts are codes on a blockchains that are trustless and transparent.

Transparency is achieved from the immutable nature of the of blockchain. The blockchain could only run contract as it is programmed.

1 Like
#2840

  1. websites that showed static text, images and links

  2. Small pieces of code that run on the ethereum network which are unstoppable that you can use to own money and get it sent later for example if I made a smart contract that if i died my 20 btc would go to my son. And when created that can not be stopped until i die then it would go to my son.

  3. Everyone can see the code on the block chain

1 Like
#2841

1: Web 1.0 was called (static), and it was the bare bones of the online world before javascript and programmable web development

2: Smart contracts is essentially a money vault you can program to do anything, also you can just call it “Block chain 2.0”

3:Transparency is achieved through the smart contracts built on the ethereum block chain , where all transactions are laid out right in front of you , you can see where the money is coming from and where its going to threw the TX hash data viewable on etherscan

1 Like
#2842

Web 1.0 was static web-sites before Javascript was available.

A Smart Contract is a piece of code / function which is stored on the blockchain.

The Ethereum blockchain has explorers like etherscan.io where contracts can be viewed, and the tokens and balances of each address are also available.

1 Like
#2843

  1. Web 1.0 was the first iteration of the web. It consisted of static web pages with no interactivity, mainly just text, images, and links.

  2. A smart contract is a program that can be executed on the Ethereum blockchain. It is transparent and cannot be manipulated to do something it wasn’t programmed to do.

  3. Transparency is achieved with Ethereum code because it cannot do anything it wasn’t explicitly programmed to do. It is open source, so anyone can verify what a smart contract is supposed to do, and there is no need for any intermediaries.

1 Like
#2844
  1. BTC BLOCKCHAIN
  2. PROGRAMMABLE MONEY OR ASSETS, they can own money and decide what to do with it.
  3. No one can change them, they are open and transparent anyone can read the code.
1 Like
#2845
  1. What was Web 1.0?
  2. What is a smart contract?
  3. How is transparency achieved with ethereum code?

Web 1.0 was internet at its most basic stage. It was static and only allowed for text, images and link to work.

A smart contract is is coding on the blockchain that is programmed to run a specific function. It cannot be changed or altered.

Transparency is achieved with Ethereum using smart contracts. With solidity, smart contracts are able to be viewed on blockchain and be verified

1 Like
#2846
  1. What was Web 1.0?

  • Basic text pages with simple maybe some simple pics/graphic images.

  • Each page was only interactive by links to the another page.

  1. What is a smart contract?
  • A piece of code that is programmed to execute the terms of the code/contract automatically at a specific time in the future.
  1. How is transparency achieved with ethereum code?
  • Because the terms and conditions are immutable within the confirmed contract and can be made apart of the publicly accessible block of data. Unfortunately, in the lecture Ivan said the word ‘transparency’ repeatedly yet only gave examples of immutability and trustless transactions.
1 Like
#2847
  1. What was Web 1.0?

Early websites, before javascript, were quite static and did not allow customisable user experiences.

  1. What is a smart contract?

Pieces of code on the network that only allow certain actions to be taken (or facilitate certain actions) when certain conditions are met.

  1. How is transparency achieved with ethereum code?

Ethereum code is public; anyone can see what is on it.

1 Like
#2848

1/ Web 1.0 was the internet when information could only be produced and sent: no customized application (i.e.chats, blogs,…) no accounts, user-limited usage then.
2/ a piece of code, linked on ethereum blockchain, issued by anybody wanting to deal under programmable conditions: as this program is executed through and data stored on ethereum, all data, transactions are immutable and transparent.
Particulary, it allows to store money, deal with it at anytime, without trustfull 3rd. parties ( like banks).
3/ Anything is stored on ethereum: data (inputs, outputs), program, transactions, dates…; then, everything is consultable

1 Like
#2849

1. Web 1.0 was based only on static websites in which one could only post text, images, videos or link but could not interact on the website by using chat or other features. Also the site was not able to adapt to the user because of that.
2. A smart contract is a programmable code that runs on the Ethereum blockchain and that can be set to take the actions that one wants and can not be stopped or removed once programmed.
3. Transparency is achieved because the code can be verified by everyone. So the terms of one contract can be verified not just trusted.