Homework on Ethereum Intro

Ethereum 101
#3452

Web 1.0 can only display image text and links (HTML local/on server)
Smart contract is code that is use to programme money, own money in a trustless, transparent irreversible way
Transparency is achieved through the transaction in the blockchain that is irreversible due to the nodes that govern the blockchain, if one changes, the rest has to follow suit. but that would not be true as no one will trust the blockchain anymore

1 Like
#3453
  1. Simple exchange of information
  2. Programmable money
  3. Open source code/ledger
1 Like
#3454

1- Static and boring websites (Texts, images, links)

2- Small pieces of codes on the blockchain.

3- Everyone have access to the codes and can verify them.

1 Like
#3455

  1. Web 1.0 was simply static websites consisting of text, images and links.,with no interaction.

  2. Address on the Etherium network, that can be added some codes…

3.Decentralized, no central authority, open source software…,

1 Like
#3456

It was the first generation websites, with only text, image and links.

It is a script that can program money any way we choose. It can hold money and release it only if certain requirements are met.

By using a programming language called Solidity. Which is transparent and unstoppable due to decentralization and open source.

1 Like
#3457
  1. What was Web 1.0?
    A: The internet when webpages were static & before Java script.
  2. What is a smart contract?
    A: Small pieces of code that run on the Ethereum blockchain using solidity.
  3. How is transparency achieved with ethereum code?
    A: Because smart contracts stop manipulation by individuals because everything can be seen on the blockchain.
1 Like
#3458

  1. Web 1.0 was the original version of the internet before we had JavaScript. This version of the internet was static and you basically couldn’t interact with anything in a dynamic way.

  2. A smart contract is an agreement coded in some programing language to hold funds until a certain conditions is met which essentially gives us programable money.

  3. Transparency is achieved with Ethereum code by making the ledger public for anyone to see much like with bitcoin and many other blockchains.

1 Like
#3459
  1. Web 1.0 is the first version of websites that were static (only text, image, links)
  2. A smart contract is a small piece of code that runs on the ethereum blockchain using solidity programming language
  3. Transparency is achieved by using smart contracts which are programmable assets that are tracked on the blockchain and takes out the middle man.
1 Like
#3460
  1. Web 1.0 - static version of websites.
  2. Small pieces of code which are executable in blockchain.
  3. Smart contracts are available in the blockchain and can be seen via anybody in his language called Solidity.
1 Like
#3461

  1. Web 1.0 was the first version of the internet. It was restricted in its functionality, meaning that a user of web 1.0 could only transmit information in form of static text, and maybe images. There was no dynamic capabilities that we are so used to today, like chat and user inputs that can manipulate web pages.

  2. A smart contract is the transition from blockchain 1.0 to blockchain 2.0. It gives a dynamic and programmable aspect to the blockchain network. Introduced in the Ethereum blokcahin, it gave any one with the knowledge of Solidity (the programing language of ethereum) to program lines of code that could store value and execute on the blockchain.

  3. Transpectency is achieved on the ethereum blockchain through proof of work. Any one who wants to execute a smart contract needs to apply the same principles of proof of work, were any one can go onto the blockcahin as inspect the smart contract, which is also unchangeable and unstoppable.

1 Like
#3462

  1. Web 1.9 was static websites with only text, images and links.

  2. A smart contract is a program that runs on the blockchain. It can store money and be programmed to transact when their conditions are met.

  3. Transparency is achieved because anyone can see what is on the blockchain. Anyone can read and see how smart contracts are developed.

1 Like
#3463

  1. What was Web 1.0?
    First generation of internet where we have all simple readonly texted websites and we were very happy to have them.

  2. What is a smart contract?
    Smart contract is piece of code that runs on blockchain and its smart enough to handle the money (logic) by its own making hell lot of intermediaries and people jobless in near future.

  3. How is transparency achieved with ethereum code?
    Its achieved because the Ethereum blockchain is open source code, with characteristic of decentralised, highly available and immutability.

1 Like
#3464

  1. What was Web 1.0?
    It was first iteration of the Internet. It allowed only display of text,images and links. It lacked all options that nowadays Web 2.0 gives us.

  2. What is a smart contract?
    Smart contract is a piece of code that can handle and process money in a way that it is programmed for. This allows to remove any intermediary that would “guarantee” the agreement two sides would made.

  3. How is transparency achieved with ethereum code?
    It is achieved by open-source code, it is decentralised, highly available and secure.

1 Like
#3465
  1. Web 1 is characterized by simple static websites programmed with HTML. Pages didn’t offer interactive features because the content was stored directly in the website files and not in a separate database.
  2. A smart contract is a self-executing contract that runs when predetermined conditions are met. They typically are used to automate the execution of an agreement so that all participants can be immediately certain of the outcome, without any intermediary’s involvement or time loss.
  3. The Ethereum code (solidity) can be viewed by all nodes and any modification can be pinpointed with no authority acting as a gatekeeper. You don’t have to trust a smart contract; you can verify it yourself.
1 Like
#3466
  1. What was Web 1.0?

Web 1.0 = Static - only show text, images or links

Web 2.0 = Dynamic; JavaScript added - website can adapt based on who’s using this.

  1. What is a smart contract?

The main value proposition behind Ethereum - small pieces of code that run on the ethereum blockchain

A contract by code that cannot be corrupted by humans once created and will only execute based on the conditions of the contract.

  1. How is transparency achieved with ethereum code?

Everyone can see what happens to the flow of money through the blockchain since the blockchain general ledger system will record all of the transactions

1 Like
#3467
  1. Web 1.0 was characterized by static web pages that would provide the same information to all users
  2. A smart contract is a dynamic programmable contract that makes crypto exchanges according to the conditions in its program
  3. A smart contract is defined in the blockchain making it both mutable and transparent
#3468

  1. 1.0 = basic text , links , image

  2. an unstoppable transparent Tx programmed by solidity running on the blockchain (financial app.)

  3. transparency is achieved via the blockchain which the program(solidity) is running on

1 Like
#3469
  1. Web 1.0 was the first version on the internet. The websites were static - information was displayed but interaction was not possible.
  2. Smart contacts are contracts done with no middle man. The contract information is written in the code and it is unstoppable. It is also transparent so it can be verified at any time.
  3. The smart contract code is visible to everyone - this ensures transparency. Anyone can check and verify the smart contract.
1 Like
#3470

  1. Web 1.0 is the original version of the internet, before Javascript where most websites were text based and little to no interactivity.

  2. A smart contract is a piece of code on a blockchain that performs a transaction when a certain set of parameters are met. For example, I will send Bob x amount of Eth when he mows my lawn. This could be programmed with code so that the transaction is completed only when this event takes place.

  3. The smart contract exists on the blockchain for everyone to see, which makes it completely transparent.

1 Like
#3471
  1. What was Web 1.0?
    Static websites
  2. What is a smart contract?
    Small programs that run on the blockchain
  3. How is transparency achieved with ethereum code?
    By making the code, transactions, and publicize anything associated to SC program in the blockchain.
1 Like