Homework on Ethereum Intro

Ethereum 101
#2950

  1. A basic web that could only display static websites with only a few elements like text and images.

  2. A piece of code that runs on some blockchains that can control money by reacting to some specified conditions written in the smart contract.

  3. Anyone can see what is happening on the ethereum blockchain, as well as what the code of a smart contract is busy doing or can do in the future and people trust the ethereum code.

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#2951

What was Web 1.0?
Web 1.0 is when the internet was first launched which was only consisting of text, images and files, another words only transferring information and that’s about it.

What is a smart contract?
A smart contract is a programme that self executes when the conditions are met between 2 peers.

How is transparency achieved with ethereum code?
Ethereum code is also transparent just like Bitcoin, therefore can be viewed by anyone, even the smart contracts.

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#2952

  1. Web 1.0 were simple, static websites containing text, images and links

  2. Smart contract is code which execute programmed action after some condition occurred

  3. The same like with bitcoin, blockchain is public and can be seen by everyone

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#2953

1: Web 1.0 was the original web framework which was mainly Static with text, images and links.
2: A smart contract is a trustless contract coded into a blockchain. It is unstoppable, transparent, and is able to store money/assets for transfer if certain conditions are met. It is a simple if --> then contract.
3: Through the use of the ethereum blockchain. All transactions and smart contracts and codes are visible for anyone to query.

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#2954

  1. Web 1.0 were static internet websites. These websites could display texts, images and links.

  2. Smart contracts are programmable “money” that once a certain condition or conditions are met, executes the transfer of money to the intended person or entity.

  3. The code is visible for anyone to check the smart contract code and is cryptographically linked as in Bitcoin transaction blocks.

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#2955
  1. Web 1.0 were mostly static html text and images.
  2. Smart contract is a programmable conditions that you can add on top of transactions so you can add more logic on financial blockchain transactions.
  3. Block chain is open for everyone to see, once you send out the transaction you won’t be able to change it.
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#2956
  1. Web 1.0 was static websites wich can only show text, images and links.
  2. A smart contract is a small piece of code that run on ethereum blockchain. The smart contrat can own and decide what to do with money.
  3. Every one can view and verify all transactions but nobody can change how a smart contract behaves.
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#2957
  1. Static web pages included text,links, images only and wasnt very dynamic and couldnt adapt to the user.

2.Smart contracts is small pieces of codes running on eth blockchain. By using solidty we can program smart contracts and deploy it to eth, its unstoppable and you can check everything about its tx.

  1. By miners verifying (poW).
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#2958
  1. What was Web 1.0?

Web 1.0 was the beginning of the internet when it was impossible to program websites. Only was possible to do basic things like write text, see images and share links.

  1. What is a smart contract?

Smart contracts are small codes that work in the Ethereum blockchain. Those smart contracts have the possibility to receive money, hold it and send it to one or different accounts, if the conditions of the smart contracts are fulfilled. The conditions of one smart contract have to be programmed at the creation of it.

  1. How is transparency achieved with ethereum code?

Ethereum is a blockchain so it’s possible for anyone to see and track the provenance of each transaction or smart contracts. Also when a transaction or smart contract is realized it’s impossible to change it. This removes the trust in transactions with people because everyone trusts in the protocol.

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#2959
  1. A static system restricted to text, imaging and links.
  2. A smart contract is an unstoppable decentralized program that includes transparency/real-time auditing and the capability to own money and decide what to do with it based on the input function. There are no intermediaries, and the process is trustless through verification that those stipulations designated via input are met before an output may be garnered.
  3. The transactions utilize a verification through decentralized consensus process that is immutable, globally secured, and the details of which are available for review at any time (mass # of nodes’ storing it).
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#2960

  1. What was Web 1.0? | Web 1.0 was a space where websites could have text, images, and links, but nothing else.

  2. What is a smart contract? | A smart contract is a small piece of code that runs on the Ethereum network.

  3. How is transparency achieved with Ethereum code? | Everyone can see everything, and there is no way to change the blockchain.

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#2961

Answer all questions and post your answers in the thread linked below.

  1. What was Web 1.0?
    A. Web 1.0 was a static system without javascript where you could only use text, images, and links.

  2. What is a smart contract?
    A. It is a self-executable contract on a blockchain where once the conditions are met the contracts are executed. Transactions runs on solidity and are unstoppable.

  3. How is transparency achieved with ethereum code?
    A. As there are no middlemen and in a trustless where you never trust, just verify the code to execute the transaction.

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#2962

Web 1.0 is the original internet.

A Smart contract is blockchain technology, which allows instructions from a block to be executed, based on defined rules. Smart contracts are not reversable.

Transparency is achieved with ethereum code, becasue it is on blockchain, and is public information.

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#2963
  1. internet before Java Script
    2.programmable money without the middle man (yay!), solidity, unstoppable, small pieces of code
    3.doing biz peer-to-peer without middle man buy trust in the math and trust in technology, and the way the contract is written.
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#2964
  1. static internet only able to show image, not able to interact.
  2. programmable money or assets on the network.
  3. financial application (smart contract) on the block chain that cannot be changed.
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#2965

What was Web 1.0?
According to @ivan within his modulated presentation pertaining to The History of Internet lesson; Web 1.0 was static. Featuring text images and links. Web 2.0 integrated dynamic programming within websites. Including dynamic chat and accounts.

What is a smart contract?
Smart Contracts are programed scripts; considered as high-level languages, such as; Solidity. Which are compiled into bytecode (opcodes), then executed by a Virtual Machine [VM], in the reference to this modulated presentation on Ethereum, the bytecode is executed by the Ethereum Virtual Machine [EVM] to the network
.
How is transparency achieved with ethereum code?
Transparency is achieved through Ethereum by a Proof Of Work mining and includes Proof-Of-Stake [PoS] consensus integrations. In order to increase validation nodes amongs the blockchain.

Best Regards,

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#2966

@Diane
Welcome to our community. Thank you for your contributions to our discussion.
Best Regards,

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#2967

1- Web 1.0 was very basic and consisted of simple text, images, or links. It was predominantly a way to read and share information.
2- A smart contract is code written in ethers language Solidity. it allows for the programming of assets/money on the Ethereum blockchain.
3- Using the blockchains innate secure characteristics and the use of smart contracts for further security; actions taken are absolute, recorded, and forever available for examination.

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#2968

  1. Web 1.0 is the first version of the Internet. Basic/static, you only had text, images and links.

  2. A smart contract is a programmable contract that performs an action on receipt of a specific input. This cant be changed or tampered with. Making it trustless.

  3. On the ethereum code, transparency is achieved by having smart contracts which cant be changed therefore if a contract is set up, knowone can corrupt it in their favour. Unlike a legislation written on a peice of paper, which is up to a person to follow. A smart contract only operates the way it is written. So you know its not been corrupted.

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#2969

  1. Web 1.0 was the first iteration of web that allowed users only to read or see information that was on the internet ,without other options to interact with the info. As for the web page owners/creators - the main goal was to make information public.

  2. A smart contract is a self executing contract (a programmed protocol) among two parties with predetermined conditions that cannot be changed and will fulfill automatically if the conditions are met. The idea behind a smart contract is that there is no need for a third party (hopefully neutral) to verify if the conditions are met, for the contract to execute. Smart contracts are immutable - they cannot be altered after they are created. Their conditions are also transparent to everyone who can access the blockchain.

  3. The network of smart contracts is visible and accessible to anyone interested. The transparency is achieved by not having the option to change the initial smart contract and not having to rely on authorities or other parties to verify - the mathematic / programming algoritm provides the transparency.

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