Homework on Ethereum Intro

Ethereum 101
#3251
  1. What was Web 1.0?

static websites (text, links, images)

  1. What is a smart contract?

A smart contract consists of small pieces of Solidity code that run on the Ethereum blockchain. Smart contracts can store money and deploy when specified conditions are met.

  1. How is transparency achieved with Ethereum code?

Privacy was decreased to increase transparency; anyone can see the senders and receivers of transactions.

1 Like
#3252

  1. Web 1.0 is a static page, only featuring text, links, imagesā€¦

  2. Pieces of code running in the blockchain. It keeps the money in the contract until the requirements are meant for them to be withdrawl.

  3. Anyone can read a smart contract and verify for himself what that smart contract does. You donā€™t trust a person. You trust the code, which is 100% objective.

1 Like
#3253
  1. Web 1.0 was the web before the introduction of JavaScript.
  2. A smart contract can control money and be programmed so that the money can only be released if certain conditions are met.
  3. Through Ethereum code, you can see every transaction, there are no secrets.
1 Like
#3254
  1. This was the first stage/creation of the World Wide Web. The sites were simple HTML format that housed information and statistics. Sharing information. You were not able to chat or interact on it until 2.0/introduction of Javascript.
  2. Smart contracts are programmable money. The user is able to code in how they want their money allocated and by what rules that will be carried out in.
  3. Everything is written on the blockchain so everyone is able to see what is on each contract or how it will carry out its task when itā€™s requirements are met.
1 Like
#3255

  1. Web 1.0 was a simple interface showing text and images.

  2. A smart contract is a contract or agreement written in code that executes a certain function based off the rules written in the code.

  3. All transactions on ethereum are logged into a public database for everyone to see. In this way, all functions in the ethereum space are transparent.

1 Like
#3256

  1. What was Web 1.0? The initial internet, it was very basic meanly text

  2. What is a smart contract? It is basicly a way to programe digital assets to follow a set of rules to performe task incase conditions are met.

  3. How is transparency achieved with ethereum code - Everyone can see the code and see what its doing.

1 Like
#3257
  1. Web 1.0 consisted of websites that had static information: text, images and/or links
  2. A software program that is deployed to run in a blockchain
  3. The source code for the smart contract in the blockchain is visible to anyone. It cannot be altered, so anyone interested in the blockchain knows exactly how/when the code will be executed.
1 Like
#3258
  1. Web 1.0 is an old version of the internet before java script. In this internet it was very static and you could only share information
  2. A smart contract is a digital contract that removes the middleman and pays out automatically
    if the requirement is met
  3. Transparency is achieved through having this digital smart contracts be able to be viewed by anyone
1 Like
#3259

Web 1.0 is basically an older version of the internet before the java script. Internet was very static and you could only share information, texts, images, links.

Smart contract is basically a program consisting of small pieces of code that run on the Ethereum blockchain, it is coded on solidity programming language and deployed on Ethereum network.

The source code for the smart contract in the blockchain is public, anyone is able to see what is on the smart contract, how it will carry out its task when itā€™s conditions are met and when it will get executed. Nobody can change its behavior after it is deployed.

1 Like
#3260
  1. Web 1.0 was just images and text printed on the web.
  2. Small pieces of code that run on top of the Ethereum Network.
  3. Ethereum uses solidity as a coding language. It also allows public access to mart contracts code. You can also si all Txs excecutet on the ethereum blockchain (who send and receive, and how much).
1 Like
#3261

  1. Web 1.0 was the starting point of internet, people just use to see photos and surf on websites.

  2. Smart contract is a computer code which could be activated when it met certain target, and it is made so that there is no requirement of third party to verify anything.

  3. Ethereum has its own machines for mining and work on PoW consensus, ever miner and node operator has all the data you needed, you can verify anytime that is how transparency is achieved.

1 Like
#3262

  1. Web1.0 is the first generation of internet, where you could just see and share text and images. We compare web1.0 with the first generation of Blockchain witch Btc is based on.

  2. A smart contact is a small pieces of code on the Eth network with immutable commands.

  3. The Ethereum blockchain is public like Btc blockchain, everyone can see the transactions or smart contracts actions.

1 Like
#3263

  1. Web 1.0 was the first iteration of websites where everything was static and non interactive.

  2. A smart contract is code used to program utility for crypto currency.

  3. Transparency is achieved because all actions are traceable and verifiable. Also the logic of how the smart contract is unchangeable once implemented ensuring that the operation will play out as designed.

1 Like
#3264
  1. It was the old static form of the Internet.
  2. Small pieces of code programmable content.
  3. The code of the contract is visible to everyone. It cannot be changed and you donā€™t need a third person to create a basis of trust.
1 Like
#3265

  1. static websites

  2. smart contracts are small peices of code that can be deployed on a blockchain

  3. because of its trustlessness

1 Like
#3266
  1. What was Web 1.0?
    The start of the internet. Static with text, images and links
  2. What is a smart contract?
    A smart contract is a piece of code in the contract so for example if both parties kepping there word as described in the contract the contract will pay automaticly
  3. How is transparency achieved with ethereum code?
    Everybody can read it in the internet.
1 Like
#3267

What was Web 1.0?

Web 1.0 allowed static websites showing text, images, and links.

  1. What is a smart contract? small pieces of code that run on the Ethereum blockchain and allow you to program your money.

  2. How is transparency achieved with Ethereum code? everyone can see the transaction and can see what is happening to that money.

1 Like
#3268

  1. Web 1.0 is the first iteration of the internet which was static, text, image and links based.

  2. A smart contract are small pieces of code that run on the ETH blockchain. They are dynamic and allow for programmable blockchain.

  3. Transparency is achieved on the ethereum code, as the code is visible by all who want t take a look. It cannot be changed nor reversed once deployed. No middleman, we all trust the math, the tech and how the tech is writtenā€¦

1 Like
#3269

1. What was Web 1.0?

Refers to the first stage of the World Wide Web evolution.

1. What is a smart contract?

A smart contract is a self-executing contract in which the terms of the buyer-seller deal are expressly written into lines of code. The code and the agreements found inside it are distributed and decentralised across a blockchain network.

2. How is transparency achieved with ethereum code?

All data is open and can be traced by anybody, but secrecy can be obtained by encryption. In other words, the secret information is stored on the blockchain in an encrypted file, and the decryption keys can only be exchanged with approved entities.

1 Like
#3270

  1. What was Web 1.0?
    Static content webpages. Like BTC in context of crypto (only transactions)

  2. What is a smart contract?
    A program that defines how the money should behave. For example pay to my child only if he gets a good grade at school. SC can not be changed once they are deployed.

  3. How is transparency achieved with ethereum code?
    SC can not be changed and you can see the content of the SC publicly on the BC

1 Like