Homework on Ethereum Intro

Ethereum 101
#3391

  1. What was Web 1.0?
    Web 1.0 is the version of website that is static which jus have text, image or link. We do not expect dynamic function such as chat, customised content based on specific user with web 1.0

  2. What is a smart contract?
    Smart contract is a small piece of code on the (ETH) blockchain.

  3. How is transparency achieved with ethereum code?
    Transparency achieved with ETH code by removing the middleman. The conditions of smart contract decide who will own the money is set up in advance. So, you donā€™t have to trust anyone in the transaction.

1 Like
#3392
  1. web 1.0 is the internet as we know it today, is very static in nature
  2. a smart contract is a piece of code that is unstoppable, and unchangeable once deployed. it is also code made to handle transactions and mange financials in a very transparent manner.
  3. The blockchain of ETH is opensource and public.
1 Like
#3393

  1. Web 1.0 is static website. It existed before the advent of Java Script.
    Web 1.0 only allows reading and sharing of information.- text message, images and links.
    No chatting, no opening of account and no social media.

  2. Smart Contract are small pieces of code that
    runs on the ethereum blockchain

  3. Transparency is achieved with ethereum code
    by smart Contract code being open source.
    Everyone can see the code content, what
    task its written to execute. No third party can
    alter the code and the task its set to execute
    once the smart Contract is deployed on the
    ethereum network

1 Like
#3394

  1. Web 1.0 was the first version of internet. It was static and could only display text, images, or links.

  2. A smart contract is a self-fulfilling contract written on top of the blockchain code.

  3. The code is open source and the blockchain is publicly viewable.

1 Like
#3395
  1. Was the introduction of the internet, where there were texts, images and links.
  2. Are known as small pieces of code running on the ethereum blockchain. Through the use of a program, a contract can be written for a specific purpose to produce a specific outcome.
  3. The transparency is established in the technology, where there is no central point of control to oversee the execution of the contracts. The trust is gained through the programming language used to create smart contracts.
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#3396

  1. It was a basic website that just had images, text, links and no interactions features, all the sites stayed the same for every viewer.

  2. A smart contract is a contract thatā€™s written by mathematics and code, that is an agreement that cannot be altered easily and creates rules for enforcing conditions and acts as a kind of escrow feature.

  3. Everyone can see the open source blockchain code and the mathematical equations mean people do not need to trust each other but instead in the tech and maths.

1 Like
#3397
  1. Web 1.0 was made up of static websites only including text, images and links with almost no interaction features.
  2. Smart contract is a piece of code, writen in Solidity (programming language for smart contracts). It can be programmed for a specific purpose to produce a specific outcome.
  3. Blockchain is publicly viewable so it is transparent. The code is open source. No third party can change the code thus the trust is placed in mathematics/physics for contract execution.
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#3398

  1. Web 1.0 was the first iteration of websites and was static as you could only have limited features and didnā€™t make use of javascript.

  2. Smart contracts are small pieces of code on the Etherium blockchain. They can hold money and what to do with that money in a trustless programmable manner.

  3. Anyone can read the code of smart contracts on the Etherium blockchain.

1 Like
#3399
  1. What was Web 1.0?
    Web 1.0 are static websites with not much functionality, only links,text and images.
  2. What is a smart contract?
    A smart contract is code that allows money/assets to be programmed to how you want it to be. E.g. if I lend John money, he has to pay me back within 7 days, if not he has to pay 1% more of the original borrowed amount for each day late. This code runs without trusting a third party but the code , so this is trustless. The code cannot be changed and will do what it is programmed to do.
  3. How is transparency achieved with ethereum code?
    Anyone can see what happens to ethereum code, open source.
1 Like
#3400
  1. The first version of the internet, static images very basic.
    2 A smart contract is a self executing contract with the terms of agreement between the buyer and the seller written in its code.
  2. Everybody is able to see transactions . It is trustless.
1 Like
#3401

  1. Web 1.0 was the first iteration of the web which had limited usage and basically stored data and retrieved data.

  2. A smart contract is small pieces of code that can be used to program a trustless, decentralised, transparent, secure TX, that can be used to hold, store or code money to specified recipients, at a specified point in time.

  3. Transparency is achieved by transacting on a decentralised blockchain. All steps and parties are held on the blockchain and can be verified in a trustless way.

1 Like
#3402

  1. What was Web 1.0?
    Static web pages strictly designed to only share information, not react with it.

  2. What is a smart contract?
    An automated function that deploys when a requirement is fulfilled.

  3. How is transparency achieved with ethereum code?
    Smart contracts deployed on the Ethereum network are all immutable and verifiable.

2 Likes
#3403

  1. What was Web 1.0?
    First version of the internet pre java script. Where the website was not adaptable

  2. What is a smart contract?

Used in blockchain 2.0. it enables anyone to create a programmable money based agreement which is transparant and trustless ( every one can see the code and see the smartcontract as there is no middle man or centralised agency controling this)

  1. How is transparency achieved with ethereum code?

Removing the middleman / central agency means that smart contract is not only programmable but its code can be seen by anyone.

1 Like
#3404
  1. What was Web 1.0?

Web 1.0 was the very beginning of the internet and was used to read and share informationā€¦ Websites on Web 1.0 were very simplistic in nature and lacked dynamic and programable features that were later supplied by tech advancements through Java Script. Web 1.0 was a static experience, yielding only simple text, images, and links. When Web 2.0 came along, it provided a more robust and dynamic experience through programable and interactive web pages that brought us chat, different accounts, and social media.

  1. What is a smart contract? Smart contracts are small pieces of code that run the ETH blockchain. Utilizing a coding program called Solidity, you can create these contracts and deploy them on the ETH network.

The contract is:

  1. unstoppable, can not be changed

  2. you can see all transactions

  3. they own and decide what to do with money via how it was programmed

  4. How is transparency achieved with Ethereum code?

The blockchain ledger is public, innate transparency.

There is no verification or mediation by third party.

There is no trust needed, just verification of code.

No changes can be made to the code on the blockchain.

1 Like
#3405
  1. Web 1.0 is a static website that can contain text, links and images.
  2. A smart contract is small piece of code or simple program stored on blockchain that run automatically when specific conditions are met. Once when is executed it can not be changed.
  3. Transparency is achieved by code being accessible for everyone.
1 Like
#3406
  1. What was Web 1.0?

Web 1.0 was a static technology that lacked dynamic and programmable technology.

  1. What is a smart contract?

A smart contract is a small piece of code that runs on the blockchain. These allow for a new world of programmable money and assets.

  1. How is transparency achieved with ethereum code?

Transparency is achieved by having the ability to view and audit all transactions

1 Like
#3407

  1. What was Web 1.0?
    Web 1.0 consists of static information.

  2. What is a smart contract?
    Smart contract is programable assests and money.

  3. How is transparency achieved with ethereum code?
    As the transactions are completed on a blockchain they are transparent leading to a trustless ecosystem.

1 Like
#3408

  1. What was Web 1.0?
    Static websites. Usually interactions are very limited.

  2. What is a smart contract?
    A smart contract is a program that can hold and manage money until an event happens that is written in code, and then the money is released.

  3. How is transparency achieved with ethereum code?
    Transparency is achieved because we canā€™t change the smart contract. Once itā€™s deployed to network everybody can see and verify that on the blockchain.

1 Like
#3409

  1. What was Web 1.0?
    A: The early internet where displayed webpage information was static and mainly composed of simple text and images, with data only updated every now and then.

  2. What is a smart contract?
    A: A contract that when uploaded by a user to an Ethereum account becomes fully automated and unstoppable.

  3. How is transparency achieved with ethereum code?
    A: As the code is open source, all transactions are visible.

1 Like
#3410

  1. Web 1.0 was BTC and transactional strictly.\

  2. A smart contract is a contract that must abide within the confines of a programmable nature. It allows you to circumvent banks, and other institutions to do business with anyone.

  3. Transparency is achieve through every transaction being proved by math and technology. There is no way around this, and everyone has access to these transactions

1 Like