Homework on Ethereum Intro

Ethereum 101
#2930

  1. In comparison Web 1.0 was like pdf document.

  2. Code on blockchain that will be only executed if pre written conditions on the contact going to be met.

  3. Smart contract is public and anyone can see it also conditions cannot be changed at later time.

1 Like
#2931

  1. What was Web 1.0?
    Web 1.0 was the first iteration of the internet. Primitive compared to today, it consisted only of static content such as just text, images, and sounds.

  2. What is a smart contract?
    A smart contract is a transaction protocol that can be used to execute terms in an agreement based on a series of conditions.

  3. How is transparency achieved with ethereum code?
    Ethereum uses blockchain technology to publicly display the agreements in a smart contract. These agreements, like all data in a blockchain, cannot be manipulated.

1 Like
#2932

Homework: Ethereum intro
Ethereum Introduction
Answer all questions and post your answers in the thread linked below.

  1. What was Web 1.0?

Wed 1.0 was a static network where you could only read and share info. It was the first version of the internet which has evolved drastically.

  1. What is a smart contract?

A smart contract is a way to program transactions in an automated way on the blockchain, a big step up from the blockchain bitcoin is built on. With smart contract a code can be written to the transaction to react according to whatever its meant to do by using mathematical solution rendering a smart contract trustless.

  1. How is transparency achieved with Ethereum code?

Transparency is achieved by the blockchain as every transaction is securly recorded. Its a decentralized system that relies only on math’s and physics to perform actions.

1 Like
#2933

  1. This is the first version of the internet that had limited functional capacity. Users could only read and share content, no chatting and payments for example were possible.

  2. It is programmable money. It allows for the users to develop several IF --> THEN type of conditions and creates a trustless environment. No need to worry about the other person not holding up their end of the bargain since the smart contract will not release funds until the other party fulfills the requirements set in the conditions of the contract.

  3. The data of a smart contract are publically available on the blockchain and that information cannot be manipulated

2 Likes
#2934

Answers to the updated Ethereum Intro questions:

1. What was Web 1.0?

Web 1.0 refers to the early days of the internet when websites were little more than static pages of HTML and CSS. You could not use interactive services like live chat or account creation allowing people to post content to a forum.

2. What is a smart contract?

A smart contract is a autonomous piece of software code that resides on a blockchain such as Ethereum. It can be used for a multitude of functions such as escrow, timed payments, gambling, mimicking real world legal agreements, etc.

3. How is transparency achieved with ethereum code?

Not only are the transactions of ether tokens transparent (publicly visible) on Ethereum’s blockchain, but the smart contracts are also visible and stored in the blockchain for everyone to view. This means that the code written to program the contracts are also visible to all the users of the blockchain.

1 Like
#2935
  1. it was the first internnet, web only had text, image or a link.
    2 It is written in a software calls solidity that controls who sends money and who receives money.
    3 . It removes the middle man, it is trustless, people trust the system which allows to make business between people that doesn’t know each other
1 Like
#2936
  1. Static websites with just text, images and links
  2. Smart contracts are pieces of code that run on a decentralized network, like Ethereum or Bitcoin
  3. The code runs in a public ledger and is accessible to anyone, therefore transparent.
1 Like
#2937

1. What was Web 1.0?

  • Web 1.0 was static, all websites had was text, images or links.

2. What is a smart contract?

  • I smart contract is a programmable script for your money.

3. How is transparency achieved with ethereum code?

  • Ethereum is a decentralized public blockchain and every smart contract address and transaction ID can be searched for and verified.
1 Like
#2938
  1. Web 1.0 was the initial iteration of the internet, allowing for basic text and information transfer.
  2. A smart contract is essentially an if/else statement programmed on the blockchain to execute if certain parameters are met.
  3. With Ethereum being decentralized, all transactions and code are visible via the blockchain
1 Like
#2939
  1. Web 1.0 was essentially static websites
  2. A smart contract is a set of instructions programmed on to the blockchain to carry out specific automated functions
  3. All contracts are accessible on the blockchain and therefor verifiable, once loaded to the blockchain these contracts are immutable.
1 Like
#2940

  1. Contain: static, text image link

  2. Contract that is not modifiable, and in order to execute it, you’ll have to complete each and other part of the smart contract, otherwise, it would not be executed.

  3. No trust is required on each party, anybody can see all points of the contract before get into it, and finally, you skip the third party which is added to the security.

1 Like
#2941
  1. Contained only static websites i.e. simple text, image or links.
  2. A programmable transaction that is unstoppable, programable money.
  3. They are un-censorable and fully transparent by their nature.
1 Like
#2942
  1. Web 1.0 was mainly scripts, static text and images to mainly read.
  2. A Smart contract is a blockchain layer 2 solution that allows for small code on the blockchain to store assets and money to be programmable.
  3. You’re able to go to the code and see each transaction.
1 Like
#2943
  1. What was Web 1.0?
    Was a static version of the web only programmable through HTML
  2. What is a smart contract?
    A Smart contract is a program written in Solidity that creates programmable money that is transparent and trustless.
  3. How is transparency achieved with ethereum code?
    It is transparent because all transactions are recorded on the blockcahin and cannot be changed or manipulated once added to the blockchain.
1 Like
#2944
  1. Simple and static form of webpages. Just text, images and links. No interaction. HTML
  2. A smart contract is a self-executing contract. It has the terms of agreement between buyer and seller being directly written into lines of code.
  3. All of us can read the code of a smart contract and the transaction that has been made.
1 Like
#2945
  1. Web 1.0 refers to early version of the internet only capable to display text, images and links.
  2. A smart contract is a piece of code that acts purely as coded and is placed on the blockchain. They are able to hold money and only act on specific triggers.
  3. The transactions are visible on the blockchain. So are the deployed smart contracts visible for everyone.
1 Like
#2946

  1. What was Web 1.0? Static web pages /not dynamic

  2. What is a smart contract? Small pieces of code that run in the Ethereum Blockchain

  3. How is transparency achieved with ethereum code? txns cannot be reversed or meddled with; just like in BTC

1 Like
#2947
  1. Web 1.0 consisted of simple, static webpages that lacked programmability for more interaction to provide functions like chats, accounts, and so on.
  2. A smart contract works with the blockchain and can be programmed to make decisions with transactions.
  3. With the use of the blockchain, all transactions are transparent and verifiable which provides a trustless system with no middle man to intervene.
1 Like
#2948
  1. What was Web 1.0?
    Web 1.0 was mainly a static presentation only site that you could not interact(e.g. chat) and not individually personalize(e.g. accounts).
  2. What is a smart contract?
    A smart contract is a piece of code that runs on a blockchain that can handle money.
  3. How is transparency achieved with ethereum code?
    Transparency is achieved by the fact that anyone on the blockchain can see its contents.(e.g. amount, conditions of smart contracts and transactions)
1 Like
#2949
  1. What was Web 1.0?
    Before Java Script the internet only displayed static text, images and links.
  2. What is a smart contract ?
    A piece of code written in solidity deployed to trigger transactions according to a set of rules or instructions.
  3. How is transparency achieved with ethereum code?
    All transactions are viewable. There are no middle men, the process is trustless and no one can interfere with the data.
1 Like