Homework on Ethereum Intro

Ethereum 101
#3351
  1. What was Web 1.0?
    The beginning of the web. Where you could only view pages, view images, follow links. It did not allow chat, or user accounts or anything else. I was just basic.
  2. What is a smart contract?
    Code that runs on the ethereum blockchain. They can hold currency and only release that currency when conditions of the contract are met.
  3. How is transparency achieved with ethereum code?
    The code and conditions can be seen. Everyone who understands the code can tell the terms of the contract. Once on the blockchain, it is unchangeable like bitcoin
1 Like
#3352

  1. What was Web 1.0?
    A very simple website that only shows text or images.

  2. What is a smart contract?
    A smart contract is code on a blockchain that determines how to execute a transaction based on the stated conditions.

  3. How is transparency achieved with ethereum code?
    Transparency is achieved in Ethereum much in the same way that it is achieved in Bitcoin, by being open sourced and by not allowing changes to be made to previous blocks.

1 Like
#3353

  1. What was Web 1.0? This term represents the early days of in the Internet. Back when HTML was new, and the limit of the technology was static web pages that could present images and hyper links to other sites. Web 1.0 was basically limited to information sharing. (And the web pages were boring…)

  2. What is a smart contract? In short a smart contract is programmable money! A decentralized permission less way to transact outside the legacy monetary system that is destroying our world. It represents the Web 3.0 Revolution! (ie: middle-finger to irresponsible governments who think the people work for them instead of the other way around…) Once a smart contract is implemented, it can’t be altered or manipulated. It can be programmed to respond to whatever real-world event that triggers execution of the terms of the contract. And THAT is DOPE :slight_smile:

  3. How is transparency achieved with Ethereum code? Ethereum creates transparency because the contract cannot be changed once it is on the network. It removes the ‘middle-man’ and is based on zero trust. To that end, if businesses & governments started using smart contracts based on actual enacted policies, corrupt actors would no longer have the ability to ‘game the system’ in their own favor. It would actually enforce fair play. (WHAT A CONCEPT!)

1 Like
#3354
  1. Web 1.0 is a static web where only can see information like text, image, etc.
  2. Smart contract is a program written with solidity that runs on the blockchain 2.0 and that allows you to send the money to another account as long as the conditions written within the smart contract are met.
  3. Transparency is achieved because everyone can see what is written in a smart contract, and once launched it cannot be stopped by anyone
1 Like
#3355

1. What was Web 1.0?

Web 1.0 was the first version of the World Wide Web. It consisted of static websites which could only display information in the form of text, images, and links. There was no user interaction or social media.

2. What is a smart contract?

A smart contract is a contract that has its terms of the agreement written into its code, allowing it to act on its own without need for the buyer / seller to rely on a third party to keep them accountable.

3. How is transparency achieved with ethereum code?

The smart contracts and transactions can be found on the blockchain, and since the Ethereum blockchain is a public ledger, anyone can view it using block explorers. Any questionable action will be reflected on the blockchain and seen by everyone.

Also, a smart contract is irreversible once it is created, which forces the parties to follow the terms of agreement. They cannot simply go back on their word and refuse to follow or change the agreement on a whim.

1 Like
#3356
  1. Web 1.0 is the static non programmable version of the internet
  2. Smart contract is a code or set of codes on the blockchain that instruct a particular action or inaction to be performed when the conditions in the code(s) is/are met
  3. Everything is transparent on the code for everyone to see.
2 Likes
#3357
  1. What was Web 1.0?

Web 1.0 was the internet before JavaScript. Only basic websites with text, images, and links could be created.

  1. What is a smart contract?

A small piece of code that runs on the Ethereum blockchain using a programming language called Solidity.

  1. How is transparency achieved with ethereum code?

Once the ethereum code has been created, nobody can edit it.

1 Like
#3358

  1. What was Web 1.0? When we only had static websites where we could only show txts images and links could not have chats or accounts blockchain without ethereum is liken internet without javascript

  2. What is a smart contract?
    Are small pieces of code that run thru the ethereum blockchain

  3. How is transparency achieved with ethereum code?
    Thru smart contracts anyone can see them, verify not trust.

2 Likes
#3359
  1. The static web. Text, images and links. Nothing dynamic.
  2. Code written in Solidity that runs on the Ethereum blockchain.
  3. The smart contract code is public. The smart contract code is immutable.
2 Likes
#3360
  1. static, image, txt
  2. Javascript dynamic and chat
  3. smart contract that is the transparent program on solidity
2 Likes
#3361
  1. was the first form of Internet
  2. o piece of code
  3. through Blockchain
2 Likes
#3362
  1. What was Web 1.0?

Simple boring websites that just had text and images to view and read and some links, no javascript.

  1. What is a smart contract?

A smart contract is a program or script on the blockchain that executes actions based on it’s code.

  1. How is transparency achieved with ethereum code?

Smart contracts can be read and their function understood, they cannot be changed, only replaced.

2 Likes
#3363
  1. Web 1.0 was static including only text, some graphics, and links.
  2. A smart contract is small bits of code that anyone can start and is unstoppable once the transaction is initiated.
  3. Transparency is achieved as anyone can see the code, it cuts out the middleman, and is trustless, that is it is 100% verifiable.
2 Likes
#3364
  1. What was Web 1.0?

Static web, used to display information. Does not adapt to the enduser

  1. What is a smart contract?

Smart contracts are scripts that can own and interact with money.

  1. How is transparency achieved with ethereum code?

Since the Ethereum blockchain is a public chain anyone can explore the contents of a smartcontract. You can also see who interacts with them.
This resulst in cutting out the middleman. Making financial operations trustless and verifiable

2 Likes
#3365

1. What was Web 1.0?
It was the first web technology. Websites were static, and only included text, images and links.

2. What is a smart contract?
A smart contract is a decentralized and autonomous financial application that runs on blockchain. The program code can follow and execute specific rules, allowing people to trade valuable assets.

3. How is transparency achieved with Ethereum code?
Transparency is achieved thanks to the code running on blockchain. This ensures that the rules programmed on a smart contract can’t be modified. The information is visible for everyone.

1 Like
#3366

Web 1.0 was the first version of the internet (static, only text images and links).

A smart contract are pieces of code a transaction protocol programmed to execute automatically without a middlemen if certain criteria are achieved.

Transparency is achieved because the information is visible to all participants in the blockchain network.

1 Like
#3367
  1. It was the old system of internetbbefore java script.
    2.smart contrect is a preplaned secure transaction system.
  2. No athuratey have control on the system.
1 Like
#3368
  1. Web 1.0 was the internet that only had static websites that could only show text, images and links.
  2. SC - small pieces of code that run on the ETH BC that uses uses a programming language called Solidity.
  3. Utilizing ETH code to create logic, applications, my own services etc… on ETH BC that can be seen by anyone makes it transparent and trustless.
1 Like
#3369

  1. Web 1.0 is the first internet where people could only read a webpage and could not yet interact with the site.

  2. A smart contract is a code written to take effect only when certain condition are met on a blockchain network.

  3. As a blockchain tech transparency is achieve through impermeability and finality.

1 Like
#3370
  1. What was Web 1.0?

The Web was one of the first applications on the Internet. It enabled people to browse content easily. However, it was a highly specialized tool, mostly used by researchers and students.

Web 1.0 was decentralized . It was powered by regular computers.

Web 1.0 was open-source. This meant anyone could freely build on it.

Web 1.0 was read-only. People needed technical skills to publish content so most people could simply view content.
The unforgettable sounds of dial up via modem! :slight_smile:

What is a smart contract?

Smart contracts are simply codes programmed to take logical steps and take actions fixed in the code when predetermined criteria are met. Ivan explained in the video if a kid gets good grades, a smart contract could release a reward.

How is transparency achieved with ethereum code?

Each transaction and parameters can be verified and is visible to the network (decentralized). Once criteria have been met everyone can see that the criteria have been met

1 Like