Homework on Ethereum Intro

Ethereum 101
#3311

1.Web 1.0 is basic websites only allowing for images , text and some links .
2. Smart contracts are small pieces of code that run on the Ethereum blockchain .
3.Transparency is achieved because everyone can go back and see what happened and no one can change it.

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#3312
  1. Web 1.0 was a static website with only text, images, and links.
  2. A smart contract is programmable code that can handle money. Programmable money.
  3. Transparency is achieved like in bitcoin through the blockchain. Trustless programable money.
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#3313

  1. Web 1.0 was the early internet which was made up of static websites that did not have dynamic content. These were websites coded only in HTML that had static text, static images, and links.

  2. Smart contracts are contracts that execute upon a certain event. They are written using code that can not be modified or updated. An example could be a life insurance smart contract that pays out upon someoneā€™s death with the payment going to the beneficiary.

  3. The code in a smart contract is transparent, anyone can review the code and see what it is going to do.

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#3314
  1. static content consisting of text images links
  2. program code as part of the Eth blockchain.
  3. code is visible for everybody, unstoppable and transparent
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#3315
  1. Web 1.0 was when the internet first started out and websites were static.
  2. A smart contract is programmable blockchain like Ethereum.
  3. Transparency is achieved with ethereum code because you can see what the code is and all transactions on the blockchain.
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#3316

  1. static pages with text or images that could not be interacted with

  2. A smart contract is programmable money. The contract controls the funds and is executed upon certian conditions being met

  3. All transactions can be viewed by anyone by looking at the blockchain

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#3317
  1. What was Web 1.0?
  • the first version of the internet with only static content
  1. What is a smart contract?
  • a smart contract executes automatically without a middle man
  1. How is transparency achieved with ethereum code?
  • using block chain technology and proof of work; the network verifies the validity of the contract execution.
1 Like
#3318

Homework on Ethereum Intro - Questions. (Questions were updated on Dec 3 2019 )

  1. What was Web 1.0?
    Web 1.0 is used to communicate really simpel static webpages consisting of text and images.

  2. What is a smart contract?

A smart contract is a piece of code able to manage information and money independantly from humans in a transparant manner. It does this by relying on the immutability of the blockchain.

  1. How is transparency achieved with ethereum code?
    The source code is visible to everybody making the behaviour very transparent and predictable.
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#3319

Web 1.0 is basically vanila pages with static hypertext and images. No scripting, no chating etc

Smart contract is a scripted self executed contract in blockchain. It binds an amount money (of ETH for example) . When certain conditions are met the contract changes state, usually by spending the money.

Just like in Blockchain 1.0, Ethereum smart contracts cannot be changed once they are set in blockchain and one can see all the details of the transactions (sender, receiver, amount)

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#3320
  • What was Web 1.0?

Web 1.0 was a static website, wherein user interaction was extremely limited or nonexistant

  • What is a smart contract?
    A smart contract is one deployed on the blockchain. It can be programmed to activate an end result when a stipulated event or criteria is fulfilled. It is fully transparent and is not open to manipulation or corruption as its programmed rules are visible on the network.
  • How is transparency achieved with ethereum code?
    Transparency is achieved as all TX are available to the public to view on the network at any time.
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#3321

  1. Web 1.0 was the first version internet comprised of basic text, images and links.

  2. A smart contract is a piece of code that runs on the Ethereum blockchain, which can own and decide what to do with money. By using a programming language called Solidity you can program a smart contract and deploy it on the Ethereum network.

  3. Transparency with Ethereum code is achieved by the decentralized nature of the Ethereum blockchain - it is immutable, censorship resistant and once a smart contract is deployed, it is spread globally to each node for all to see.

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#3322

  1. Web 1.0 was static and for that, it could only display pages with text, links and images.

  2. A smart contract is a piece of code based off of solidity and it runs on the Ethereum blockchain. Smart contracts are programmed to self execute once the conditions of the contracts are met.

  3. Transparency on the Ethereum blockchain is achieved through the use of smart contracts. Smart contracts enables parties to execute deals in a fair and trustless manner without any third party intervention / middleman. (trust the code)

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#3323

1 Web 1.0 was static read only web

2 A Smart contract is a program that runs in BC

3 Transparency is achieved with ethereum code because everybody can read the smart contracts

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#3324

  1. What was Web 1.0?
    Very basic websites that were static, with text and images. The websites were not responsive to the user, and didnā€™t have dynamic rendering which we are accustomed to seeing today.

  2. What is a smart contract?
    Code deployed with logic/conditions for exchanging of money between two or more parties.

  3. How is transparency achieved with ethereum code?
    Smart contract code is available to be viewed - itā€™s not behind a curtain at a central entity. The conditions/logic within the smart contract canā€™t be manipulated by any single entity after deployment, which allows for a trustless exchange between 2+ people (no need to worry that one party will back out or manipulate the contract singlehandedly).

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#3325

  1. What was Web 1.0? It is static webpages without any interaction with the website

  2. What is a smart contract? It is a set of code which can run on the blockchain

  3. How is transparency achieved with ethereum code? Smart contract is visible and clearly show how the code operates

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#3326
  1. Web 1.0 was mostly text with links and some images.
  2. A smart contract is a programmable blockchain.
  3. Anyone can see the code.
1 Like
#3327

  1. What was Web 1.0?
    Static, information only websitesā€¦no chat, no music, no videos, not interactive/dynamic

  2. What is a smart contract?
    Code written to run autonomously on a blockchain

  3. How is transparency achieved with ethereum code?
    The code is visible to everyone on the blockchain, so nobody can try to cheat the system.

1 Like
#3328

What was Web 1.0?

Also known as read only web was purely static, so the only thing that could be added to the internet were static things such as text and images, so this means that they were not specific for different users. It was purely general.

  1. What is a smart contract?

A smart contract is a way to code tasks to do with money on the blockchain. The smart contract itself are small pieces of code that run on the Ethereum (in this specific case) and due to the fact that its programmable on the blockchain and due to the proof of work system used, a smart contract is not only impossible to modify but it is also unstoppable.

  1. How is transparency achieved with Ethereum code?

Since the Ethereum code runs on the same fundamental blockchain concepts like bitcoin, it is subjected to all the provenance, security and immutability that came with the first iteration of the blockchain 1.0 concept but with ETH, this is enhanced with dynamic code that can be put in the blockchain.

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#3329
  1. It was the internet before Java
  2. A way to program money
    3 everyone can read the smart contract so they know exactly what it will do with the money
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#3330
  1. Static websites
  2. A programmable transparent program interacting with the blockchain
  3. Anyone can view the code for a smart contract
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