Homework on Ethereum Intro

Ethereum 101
#2890
  1. What was Web 1.0?

Web 1.0, was the the original read-only web. The early web allowed us to search for information and read it. There was very little in the way of user interaction or content generation.

  1. What is a smart contract?

Smart contracts are programs run on top of the blockchain and are to be executed when certain conditions are met. These programs are enforceable and automatically executable. The smart contract feature is not available on all blockchain platforms.
Smart contracts have many use cases, including but not limited to identity management, capital markets, trade finance, record management, insurance, and e-governance.

  1. How is transparency achieved with ethereum code?

Transarency is achieved on ethereum, as the tokens can be readily audited on a blockchain and is visible to everyone allowing for security and transparency guarantees, more trust is naturally placed in tokenisation by investors.

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#2891

  1. What was Web 1.0?
    A static webpage sharing simple information via text, some (few) images and occassionally a link to another website.

  2. What is a smart contract?
    Programmed in solidity. Unstoppable nad transparent - you can see the transactions. They can own and decide what to do with money based on their programming. Results in programmable assets that you can do anything with and you don’t need a third party to verify and transact for you.

  3. How is transparency achieved with ethereum code?
    All data is visible / public - you just have to know how to read it :slight_smile: LOL

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#2892
  1. Web 1.0 was a static system that could only display things like Text, images, and links.
  2. A smart contract is a Small bit of code that is self-executable between users with a set defined set of rules, run on a blockchain network.
  3. All code is viewable there for anyone can see what the contract is meant to do.
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#2893

Ethereum intro homework.

  1. What was Web 1.0 ?

The Web 1.0 was the first world wide Web, here you could visit static Web sites with texts, images and links, there was no chat, social Media, you could only read and share information.

  1. What is a smart contract?

Smart contracts are small pieces of code that run on the etherum blockchain using a programme called solidity. This programme allows you to program smart contracts, which is a code that runs only when a criteria for its execution is met automatically, and example of this is you can pay in some money and tell it how, when and who to pay the money to.

  1. How is transparency achieved with etherum code?

Ethereum uses smart contracts and runs on blockchain just like bitcoin, the Blockchain cannnot be changed and is a trust less process as everything can be seen,. Smart contracts cut out the middle men or having to rely on someone, they are 100% verifiable, meaning u can trust doing business with anyone, even a stranger.

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#2894
  1. What was Web 1.0?
    Web 1.0 was the first iteration of the internet where the pages were static.
  2. What is a smart contract?
    A smart contract is a contract that can be written where transactions only take place when certain criteria are met. They cannot be changed and are fully transparent.
  3. How is transparency achieved with ethereum code? The ethereum code allows anyone to see the code that is written and the transactions that will take place when certain criteria are met.
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#2895

  1. It was the first internet pages, which included information and text. There wasn’t interactivity with the user.

  2. It is a contract setup on the blockchain, that will self-execute when a condition is met.

  3. The code, blockchain and smart contracts can be seen by anyone and because they run on the blockchain they can’t be changed. That means that if you can verify the blockchain then you can trust that there is transparency.

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#2896
  1. What was Web 1.0?
    Pages were non interactive and only showed text, images, and links.
  2. What is a smart contract?
    Small pieces of code that is created using solidity and then run on the etherium blockchain. The code is unmutable, and creates a programmable asset.
  3. How is transparency achieved with ethereum code?
    All smart contract codes are transparent because they are uploaded to the blockchain where anyone can verify and they run without any third parties involved.
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#2897
  1. Web 1.0 is the :one: release of websites :clapper: with only text :page_facing_up:, image :camera_flash:, link :link: which could be read :nerd_face: in order to share information :dancing_women: :dancing_men: with others in this way.
  2. A smart contract :receipt: was conceived in 1994 by Nick Szabo a Hungarian student, whereby decentralized systems :inbox_tray: could work in combination with self-executable contracts :incoming_envelope: without a 3rd party. The contract is written in code language :currency_exchange:, which automatically takes effect when certain conditions are met :white_check_mark:.
  3. Smart contracts work with the help of blockchain :inbox_tray:. This means that data cannot be tampered :female_detective: with and that transactions are visible :face_with_monocle: to everyone. A backup :sos: is made of everything that happens on the blockchain. So there is no risk of data being lost :left_luggage:.
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#2898

  1. What was Web 1.0?
    Web 1.0 is were static webpages!

  2. What is a smart contract?
    Smart contracts is a programable software on a blockchain which can execute itself based on the coded requirements of the contract

  3. How is transparency achieved with ethereum code?
    The code, blockchain and smart contracts can be seen by anyone and because they run on the blockchain they can’t be changed. That means that if you can verify the blockchain then you can trust that there is transparency.

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#2899
  1. First phase when website was static text, images and links.
  2. It’s a contract that you program to manage what, how and when execute a transaction on the blockchain.
  3. It’s possible to see code from smart contract anytime.
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#2900

  1. What was Web 1.0?
    Web 1.0 was the first phase of the wesites, which could only show text, images and lonks.

  2. What is a smart contract?
    A smart contract are programming codes which can run on Ethereum. Smart contracts can hold money and execute tx when certain criteria are met.

  3. How is transparency achieved with ethereum code?
    Since smart contracts are running on blockchain they are available to the public. Anyone can view it, verify it and it can not be altered.

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#2901

  1. What was Web 1.0? Web 1.0 beginning of the internet which was very basic and could only show text and images

  2. What is a smart contract? Programmable on the Ethereum blockchain. Smart contracts can manage money and process transactions without the need of middlemen.

  3. How is transparency achieved with ethereum code?
    Visible to the everyone and cannot be altered.

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#2902

  1. Web 1.0 is the internet before Javascript was introduced. It was not dynamic like the internet is today, it was static.

  2. A smart contract is a way to implement the idea of programmable money and finance being handled through technology. Smart contracts are created through Solidity and contain small pieces of code that create a decentralized and unstoppable platform on the internet. Smart contracts can own and decide what to do with money.

  3. Transparency is achieved by making the smart contrast unchangeable and irreversible. The Ethereum blockchain is also a public entity.

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#2903
  1. Web 1.0 was a basic webpage with text, images and maybe links.
  2. A smart contract is an element that proposes an action in effect of a given condition.
  3. Transparency is achieved with ethereum code in the way that data are forever written in the blockchain that everyone in principal has acces to so you cannot alter them afterwards.
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#2904

Web 1.0 only provided limited options. People could only read text on web pages, write/provided content themselves. No accounts were in backend. It was internet before Javascript.
2.
Smart contact is an app written on a blockchain 2.0
3.
It is programmed in a way that there is not possible to undo it/change some conditions in the middle.

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#2905

  1. What was Web 1.0?
    WEB 1.0 was a very basic web page on the internet with text, images and possibly links.

  2. What is a smart contract?
    A smart contract is created through Solidity on the Ethereum blockchain 2.0 which can have a monetary, financial or predetermined outcome based on small pieces of code implemented in the present and is decentralised and unstoppable. Smart contracts can own money and assets and can decide what to do with the money or assets as per the coding of the contract.

  3. How is transparency achieved with ethereum code?
    Transparency is achieved with the Ethereum code as it it available for everyone to see. The ethereum blockchain is a public entity and anyone can access it. It is not controlled by a middleman and the execution of the contract can continue in a trustless way.

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#2906

  1. What was Web 1.0?
    A static website, were you basically only could show information

  2. What is a smart contract?
    Small pieces of codes written in solidity programming language

  3. How is transparency achieved with ethereum code?
    It is transparent since the code is connected to the blockchain which is open and accessible to all users/readers.

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#2907

  1. What was Web 1.0?
    static web experience. links, text, images.

  2. What is a smart contract?
    The ability to programatically give intelligence to transactions with transparency and immutability.

  3. How is transparency achieved with ethereum code?
    leverages the blockchain immutability record and adds the programability of the terms of a smart contract agreement. Can eliminate the necessity of middleman that can interfere with transparency.

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#2908

1. What was Web 1.0?
Static and personal websites.

2. What is a smart contract?
Small pieces of code that run on the Ethereum Blockchain. It is a self executing contract with the terms of the agreement between the buyer and seller being directly written into lines of code. The code controls the execution and transactions are trackable and irreversible.

3. How is transparency achieved with ethereum code?
It removes the need for 3rd party intermediaries, is trustless, and no other entity can meddle with the way it behaves. Completely decentralized.

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#2909

Web 1.0 is static webpages containing text, images and links.

A smart contract is code deployed on the blockchain that holds money and allows us to program it to do something. Once the code is in the blockchain it cannot be reversed.

Anyone can view the code of a smart contract and see what the contract has been programmed to do with the money it holds. It is trustless as it is on the blockchain and uses PoW consensus which allows the network to be decentralized.

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