Homework on Ethereum Intro

Ethereum 101
#3150

#1. web 1.0, like btc, static contract. only transactions recorded.
#2. A smart contract is a transaction executed if a
‘condition’ that is pre-determined is met. It cannot be stopped once executed.
#3. Transparency is achieved through trustless verification.

1 Like
#3151

  1. What was Web 1.0?
    It was internet before Java script, it was just text images and links on websites.

  2. What is a smart contract?
    Is code that provided in the ETH network in which makes it possible to have programable money or perform tx s in this trustless and decentralized network.

  3. How is transparency achieved with ethereum code?
    With the smart contract is makes it available to all everyone on the blockchain to look at ensuring a trustless network.

1 Like
#3152
  • Web 1.0 allowed people to view text, images and links
  • A smart contract is a programmable contract that lives on the blockchain
  • Smart Contract code is public
1 Like
#3153
  1. Web 1.0 only allowed people to view text images and links.

2 smart contracts are pieces of code written in solidity that allows transactions on the blockchain to be dynamic and programmable

  1. By being on the block chain all transactions are unchangeable and transparent. Their can be no manipulation by 3rd parties due to the fundamentals of how blockchains are formed. The programming built into each specific contract is what determines how the transactions will occur.
1 Like
#3154
  1. Web 1.0 is internet before Java Script, only static text, images and links.
  2. A smart contract is a code used in the ethereum platform that is programed using solidity.
    This code controls the money and is written on the blockchain.
  3. Transparency is achieved because it is written on the blockchain.
1 Like
#3155

1, internet without Java script. Limited functionality. was static with txt and image
2.Trustless transparent decentralized self excocting contract on Solidity language enabling business without middlemen
3.it can not change after deployment. no middleman. self executing .no middlemen . its trustless

1 Like
#3156
  1. Web 1.0 is static Html only based web system
  2. Smart contract is a piece code that that executes on the block chain.
  3. As smart contract are unchangeable they should be no foul play.
1 Like
#3157

  1. What was Web 1.0?
    1.0 was a stage in the web history where the websites were static and contained texts, links, images only.

  2. What is a smart contract?
    It is a program on the blockchain which handles our money. With it we can lock out third parties.

  3. How is transparency achieved with ethereum code?
    Due to smart contracts we rely on the code and mathematics and we do not need to trust middlemen.

1 Like
#3158
  1. Early days, first generation of the Web space.
  2. It’s a piece of code that can’t be changed. For example lock 1 ETH for 3 year. Or send 0.1 ETH to an adress every month.
  3. Ethereum code is public (open source), so it’s transparent.
1 Like
#3159

  1. What was Web 1.0?
    Static web page, where you can only read the text like a newspaper

  2. What is a smart contract?
    A smart contract is a computer program or a transaction protocol which is intended to automatically execute, control or document legally relevant events and actions according to the terms of a contract or an agreement.

  3. How is transparency achieved with ethereum code?
    It is not possible to change the code after the deployment of the Smart contract. Paries can check the code enytime.
    Smart contract is processed by miner and the result is a block that’s added to the Ethereum blockchain, where stays forever.

1 Like
#3160
  1. What was Web 1.0?
    Web 1.0 was a static form of the web
  2. What is a smart contract?
    Smart contracts are small pieces of code, which runs on the ethereum blockchain.
  3. How is transparency achieved with ethereum code?
    Transparency is achieved with the ethereum code by trusting the smart contract and the math behind it. The smart contract can’t be changed.
1 Like
#3161
  1. Web 1.0 refers to static websites whose cannot does not interact with users (read-only)
  2. A smart contract is a piece of code that’s deployed on the Ethereum blockchain and that controls money / transactions
  3. The Ethereum blockchain is public, allowing all transactions (including those initiated by smart contracts) to be viewable and verifiable
1 Like
#3162

Q1 What was Web 1.0?

Web 1.0 was the state of the internet back when it first released. In web 1.0 websites consisted of text, images and links. There was no interactivity on the internet. It was not possible for people to create accounts with services or to buy and sell goods or even to communicate with each other via messaging services. It was a static internet

Q2 What is a smart contract?

A smart contract is an agreement between two people in the form of computer code. They run on the blockchain, so they are stored on a public database and cannot be changed. The transactions that happen in a smart contract are processed by the blockchain, which means they can be sent automatically without a third party.

Smart contracts are executed on the blockchain when certain conditions are met. Since they are executed on the BC the terms and conditions of the smart contract

Q3 How is transparency achieved with ethereum code?

can be viewed by anyone who wishes to do so. Therefor there is no hidden layers that can potentially mislead people. When two parties draught a smart contract they are both fully understanding of the terms and conditions and the smart contract will not be executed until there is complete agreement. Also once a smart contract is released it is final and there is no way to take it down or to change it. This also creates transparency because there is no fear for a party to change there mind and not follow through with there promises once the conditions of the smart contract have been fulfilled

1 Like
#3163

  1. What was Web 1.0? web1.0 was prior to javascript

  2. What is a smart contract? a piece of coded that says what to do with the money held

  3. How is transparency achieved with ethereum code? is decentralised and anyone can access it

1 Like
#3164
  1. What was Web 1.0?
    The first iteration of web technology where webpages were static text, images, and links.
  2. What is a smart contract?
    A smart contract is programmed money that cannot be changed.
  3. How is transparency achieved with ethereum code?
    The code is public.
1 Like
#3165
  1. Web 1.0 are static websites that only functioned with text, images and weblinks.
  2. A smart contract is a small piece of code within the blockchain that is coded with Solidity to be unstoppable and to do a anything with money.
  3. It’s all about removing the middle man and verifying the proof of work then allowing the transfer of money to be done in a Trustless manner.
1 Like
#3166
  1. static website internet
  2. its a program that manage data, money, sources etc with own AI
  3. no central authority, do not trust-verify))), no middleman
1 Like
#3167
  • What was Web 1.0?

Static web sites.

  • What is a smart contract?

It’s am address on the Ethereum network that can be programmed.

  • How is transparency achieved with ethereum code?

The source code of smart contracts are visibly to everyone. This is because of the “don’t trust, verify” principle. You don’t have to trust a smart contract; you can verify it yourself.

1 Like
#3168

  1. internet 1.0 had static sites with just text, images or data sheets without any possibilties of interactions.

  2. it´s a programmable verified event on the eth blockchain.

  3. the source code is visible for everyone and uses the verification instead over trust.

1 Like
#3169

#1 Web 1.0 was a static internet that only had text, images, and maybe links.
#2 Smart contracts are pieces of code that run on Ethereum Blockchain and now a few others.
#3 Anyone can look at the block chain to see the Transaction and it can’t be changed.

1 Like