Homework on Ethereum Intro

Ethereum 101
#3432

  1. Web 1.0 was a version of the web where a site owner/creator had ability to post information in form of text and/or images, and a site visitor with ability to view posted information.
    (Limited to a poster of information, and a viewer of information.)

  2. A smart contract is a secure container of money which becomes deliverable at a time when it’s predetermined requisites are met.

  3. From initiation to fulfilling its final action, all smart contract activity/actions/interactions are recorded on the blockchain. All transactions can be viewed and referenced at any time by anyone.
    Why we can trust information on the blockchain:
    -Transactions are validated by a large network of computers.
    -Each computer within the network begins with a ledger containing all previously validated transactions. All previously validated data is editable. It is permanent.
    -Each computer collects transactional data that users have submitted to the network for validation…
    -Each computer’s ledger is cross referenced for matching transactional data. When a majority of computers in the network submit identical additions to their ledgers, the additions become validated.
    -The cycle repeats itself.

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#3433
  1. Web 1.0 was static and unchangeable
  2. Small pieces of code with whom you can precisely determin what happens when with your money.
  3. Like in Bitcoin, everyone can see the tx but cant change it.
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#3434

1.0 was the first Web, that could only static things ie text , pics, links, very boring.

A smart contract is a small piece of code that run on the Ethereum block chain.

Transparency is achieved by everybody been able to see what is happening to the money, who sent it , who receives it and so on.

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#3435
  1. Static Websites which consist of texts, images and links etc.
  2. Smart contracts are small pieces of code written in Solidity that run on Ethereum blockchain. They can hold money and made programmable asset/money possible without middle-man and trust.
  3. Everyone can see code of smart contracts.
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#3436
  1. What was Web 1.0?
    Web 1.0 is a static website (text image link).
  2. What is a smart contract?
    Smart contract is a piece a code deployed on ethereum blockchain
  3. How is transparency achieved with ethereum code?
    transparency is achieved with pow, no one can change data in the block
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#3437

  1. What was Web 1.0?
    it was a Web with only static pages, unable to interact much. Just for information purposes only.

  2. What is a smart contract?
    Smart contract is a programmable action written in Software and stored on the blockchain, and which is executable.
    The Smart Contract can execute the function to achieve a certain result as per the conditions of this Smart Contract.

  3. How is transparency achieved with ethereum code?
    It cannot be bypassed. Once the smart contract is triggered it cannot be changed. Such smart contracts are publicly visible, so there is no secret.
    There are certain tools to be able to track transactions and smart contracts.

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#3438

  • What was Web 1.0?
    The basic version of the internet, basically websites, that were able to display text, images and links.

  • What is a smart contract?
    Applications docking into a blockchain

  • How is transparency achieved with ethereum code?
    Everything is visible for everybody, everything follows predefined rules and programming, that cannot be reversed

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#3439

  1. What was Web 1.0?
    Web 1.0 was the beginning of the internet where we had only simple HTML pages of texts, links and pictures without dynamic features. It was brought later with technologies like Javascript and the enhancement of web browser for example.

  2. What is a smart contract?
    A smart contract is an executable program on the ethereum blockchain. This program is unstoppable, publicly verifyable, manages tokens inflows and outflows, and is turing complete.

  3. How is transparency achieved with ethereum code?
    The code written on Ethereum, called solidity, is public. You can find it on etherscan or github.

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#3440

  1. What was Web 1.0?
    This was the first version of the internet - pre-javascript.

  2. What is a smart contract?
    This is a small piece of code on the blockchain used to program the behavior of a transaction.

  3. How is transparency achieved with ethereum code?
    Since it’s on the blockchain, anyone can see it, and it is trustless, and decentralized.

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#3441
  1. Web 1.0 was the initial stage of website building with static pages written with pure html without any dynamic stuff able to run on it. Later on web2.0 with dynamic content appeared thanks to the introduction of scripting languages like JavaScript.
  2. Pieces of software able to receive coded instructions and fulfil them once established pre conditions are met.
  3. It is trustless, no human interaction is needed and rules of engagement are visible to all.
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#3442

  1. What was Web 1.0?
    Static text, images, and links. No personalized content based on user.

  2. What is a smart contract?
    Code programmed in Solidity, that operates on the Ethereum blockchain, that can own funds and send them to other accounts with specific criteria is met.

  3. How is transparency achieved with ethereum code?
    Everyone can see transactions, read smart contracts, and account balances.

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#3443

Web 1.0 was a static web page without ways to interact!

Smart contracts are small programs inside the Ethereum blockchain. It is made of criterias that when met are automatically executed!

Transparency is achieved by having these smart contracts opened to the public or parties involved.

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#3444
  1. Static web page, without JS scripting language
  2. Programmable way to interact with an asset, that is transperent, immutable (if deployed to mainnet) and anyone can write a smart contract that can be deployed to a particular network such as: Ethereum, BSC, Solana and etc.
  3. Smart contracts and transperent (its public), anyone can read the smart contracts and see what actions (functions) its implementing and no need to trust to a particular person, because everything is written in smart contracts under some conditions
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#3445
  1. Web 1.0 is a Static form of the internet
    1.2.0 Smart contracts are Contracts which are built by code and on the Ethereum Blockchain network
  2. The transparency is achieved through The smart contract as everything is written in code and set of instruction that cannot be changed and messed with.
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#3446
  1. What was Web 1.0?

Static websites before JavaScript

  1. What is a smart contract?

A transparent, programmable contract that cannot be altered and will execute once the conditions of the contract are met.

  1. How is transparency achieved with ethereum code?

By being open source on the blockchain so anyone can view the terms of the contract.

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#3447
  1. Web 1.0 was on static websites, only with text, images and links. It was there before Java script which made websits more dynamic.
  2. A smart contract is pieces of code that run on the blockchain and are activates under predetermined circumstances.
  3. Transparency is achieved because all the data introduced in the blockchain and smart contracts cannot be modified, otherwise it would alter and annulate a transaction.
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#3448

  1. The first ever, internet page with only a few functions, static websites

  2. Its a program, running on ethereum that can control money and is not able to be changed.

  3. everyone can see and indentify the code and what it does

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#3449

Web 1.0 was a static website that only provided data i.e. text, images
A smart contract is a decentralized code that will execute when the pre-set parameters are met
Anyone can see these contracts and no one can make changes to it

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#3450

  1. Web 1.0 was when internet was first created and sites were simply static. They only included text, images, and/or links.

  2. A smart contract is a type of contract on the blockchain that is programmable to own and control money. It creates a programmable asset.

  3. Transparency is achieved with Ethereum code because smart contracts are displayed on the blockchain for everyone to see. This makes them immutable and clear as to what they do.

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#3451
  1. Web 1.0 was an early version of the internet, service were limited to text and images, web pages were static it was a stage before java script was implemented.
  2. A smart contract is a code that is programmed to execute actions once requirements of the code are fulfilled it cannot be changed unless it is written into the code. A consensus of the network is reached by all nodes verifying transactions.
  3. transparency is achieved with ethereum code by making all data public there are no middle men and once data added to the blockchain cannot be changed.
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