Homework on Ethereum Intro

[Martin_Garcia_Garcia]

1. What was Web 1.0?

Web 1.0 consist of static websites.

2. What is a smart contract?

A small piece of code that is automated, so the smart cotract executes actions based on its structure.

3. How is transparency achieved with ethereum code?

Because every single smart contract is broadcasted on a block, so if you try to change anything on the smart contract, the whole blockchain will change.

[santoretech]

@filip

• What was Web 1.0?
• What is a smart contract?
• How is transparency achieved with ethereum code?

1. Static websites which was mostly text, images, and links
2. A smart contract is a programmable trustless language for money.
3. Anyone can view the contract and it can’t be reversed because of proof of work

[Misha14]

1. Both uses Proof of work but Ethereum uses Ethhash and Bitcoin uses SHA-256.
2. The EVN executes the smart program the instructs the CPU of your computer, where the CPU normally executes the programs directly.
3. No single point of failure(decentralized), trustlessness nature of transactions and tamper-proof,

[gardiner_cr]

1. web 1.0 is an example of a static website that first came out when the internet was introduced before the use of java script
2. a smart contract is an agreement between two parties that is executed using solidity programing
3. transparency is achieved with eth code because no one can change or reverse the smart contracts, making it trustless and verified

[fredliberman]

1. What was Web 1.0?
   It was the Web of information. Static where one could consult text, image and share link.

2. What is a smart contract?
   It is a small piece of code (programmed on Solidity for the Etherum) running on the Etherum blockchain ecosystem

3. How is transparency achieved with ethereum code?
   The smart contract is imbedded into the blockchain, immutable and cannot be stopped from its execution if the conditions that are preset are met.

[Jay_Vanaparthy]

1. Static, Images and Links. It is not user driven/ Dynamic i.e everyone sees the same page content irrespective of the need.
2. Smart contract is contract with set of predefined rules. Once an event occurs, the rules will automatically execute the next action and not waiting for a third person.
3. Rules in the Smart Contract will make sure the execution of the events and what caused it so you have a full track of information.

[Huddoh]

1. What was Web 1.0?

Web 1.0 was the first stage in the evolution of the world wide web.

“Earlier, there were only few content creators in Web 1.0 with the huge majority of users who are consumers of content. Personal web pages were common, consisting mainly of static pages hosted on ISP-run web servers, or on free web hosting services.” (Geeksforgeeks.com, 2018)

It was not dynamic

2. What is a smart contract?
A smart contract is a financial application whose behaviour cannot be changed after it has been deployed✍🏾

A smart contract can be programmed to do anything with money.

3. How is transparency achieved with ethereum code?

Transparency is achieved due to the fact that once code has been deployed and executed,on a decentralised network it cannot be reversed…

[Jaidan905]

1. Web 1.0 was before javascript was introduced.

2. A smart contract is programable contract that cant be changed.

3. Transparency is achieved in the Ethereum code with the same means that bitcoin does. Its on a blockchain in the full view of the world.

[ThiAze]

1. What was Web 1.0?

A1 - Static and limited web version where it was possible to share texts, images and links. It was not possible to interact with the user.

2. What is a smart contract?

A2 - Code fragment, added to the blockchain chain, where rules can be programmed to execute one or more pre-established actions, including the storage and distribution of digital money.

3. How is transparency achieved with the ethereum code?

A3 - The smart contract is registered on the blockchain. Therefore, this guarantees its immutability and allows the identification of the following aspects: origin, destination, values, timestamp, etc …

[Jmoff]

1. What was Web 1.0?

The internet before it used Javascript and before it was considered the “worldwide web”. Web 1.0 consisted of text, images and links on static websites. No one could chat with each other on these sites and they were simply for viewing only.

2. What is a smart contract?

Small pieces of code written in Solidity and deployed on blockchains such as Ethereum. Smart contracts allow users to program their money to be taken out or put back in in a specific fashion. For example, one could program the money on their smart contract to be withdrawn automatically in five years.

3. How is transparency achieved with Ethereum code?

With smart contracts, you can see all transactions, whether it’s money sent or money received. Furthermore, smart contracts can never be rewritten or tampered with in any way. Once the program is written, it stays there with no question. As with the Bitcoin network, users trust in the protocol. There’s no need to trust individuals one is interacting with on the Ethereum blockchain.

[nmilka]

1. Static website that can only present texts, links, pictures. No option to interact with the website.
2. SCs are codes deployed on blockchain that can store money and manage it in a way that is written explicitly in the code.
3. The code is visible to everyone, so anyone can verify it, furthermore all the money movements are visible so one can track the transfers easily.

[rachel]

1. web 1.0 was the beginning of the internet, basic webpages that are static with just text, images and links, before JavaScript enabled more interactive content.

2. A smart contract is basically a command (small pieces of code) using solidity programming language, that you program and create yourself (to send money to a certain person at a set time for example)

3. Transparency is achieved with the Ethereum code by enabling all people to see and verify the code, on the blockchain the contract is visible and secure eliminating the need for trust.

[ppoluha]

1. Web 1.0 consisted of web pages with plain html and sometimes (yes, actually) javascript. However, the pages would never change once loaded which prohibited dynamic (living) web pages.

2. A smart contract is a piece of code put on the ethereum blockchain which governs how and who should receive a transaction.

3. Transparency is achieved by the open and immutable nature of the blockchain.

[reggie_nash]

1. Web 1.0 is when the internet was limited. A lot of HTML was used. you could only perform miner tasks, insert text, click links, etc. This is before the adoption of JavaScript, which created Web 2.0 that enabled app, user accounts, and all types of new complexities.
2. A smart contract is code written on the blockchain that can control the way your digital currency is used It is written in the coding language solidity.
3. You are able to see the code of each smart contract on the ethereum blockchain. This allows you to see and understand how each digital currency and smart contract works on the ethereum blockchain. You can also see who is sending and receiving money using the smart contract. The smart contract is trustless.

[cilangkap]

1. Earliest form of Web and very basic and cumbersome - HTML

2. Smart contract allows you to create contracts based on math.

3. Ethereum code allows Transparency to be achieved by all removing middle man / emotions by using smart contract. (Trustless)

[Groyper]

1. Static websites. Just text, links, and pictures. Websites could basically only convey information.

2. Trustless, transparent, programable money.

3. Because smart contracts are recorded on Ethereum’s public ledger. Any smart contract can be looked up at anytime.

[cryptcat]

1. What was Web 1.0? Web 1.0 was the beginning of the internet where static websites were only able to show simple text/images, and links to other static websites. There was no coding language used on web 1.0, so there was no way to interact with these sites the way web 2 (and even 3) does.

2. What is a smart contract? parts of code that interact with the blockchain to follow commands that are programmed into it. For crypto, currency is thus programmed into them, where money can be locked up in a smart contract, and released upon the completion of certain programmed conditions.

3. How is transparency achieved with ethereum code? transparency is inherently achieved with ethereum, as is all code is able to be viewed, as well as the smart contract and the blockchain itself. Ethereum operates without the need for a third party, so it is sheltered from manipulation and every other problem that using traditional business models of contracting come with. Therefore, you do not need to trust anyone or anything to do business with them- just use the SC and blockchain to validate.

[ajthacode88]

1.Web 1.0 was the first version of the internet. It was very basic in its features compared to web 2.0.

2. A smart contract is a piece of code that release’s money only if a certain set of requirements are met.

3.Trasparency is achieved by allowing anyone to see the ethereum code.

[yllee9127]

1. What was Web 1.0?
   Web 1.0 was static websites with text, images, and links only.

2. What is a smart contract?
   Smart contract is a piece of code that runs on Ethereum Blockchain and has function that can act on a particular condition.

3. How is transparency achieved with ethereum code?
   The code can be seen and verified by all parties.

[JohanZ]

1. What was Web 1.0?
   The beginning of internet which was static websites with text, images and links only

2. What is a smart contract?
   A smart contract is code that sets terms for a transaction to happen. it is unstoppable and does not rely on a third party

3. How is transparency achieved with ethereum code?
   transactions are stored on the ethereum blockchain and can be seen by anyone