Homework on Ethereum Intro

Ethereum 101
#3492

1: The only things available were text and static images

2: A smart contract is a contract that is programmed to pay the money out to a person when x conditions are satisfied

3:Things can’t be changed and a central thing doesn’t control it, we also don’t have to trust anyone we can just see what actually happens

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#3493

1. What was Web 1.0?
Web 1.0 consists of mainly static pages where content is served from a server’s file system.

2. What is a smart contract?
Smart contracts are programmed to contain terms agreed between stakeholders involved and are self-executed based on the terms defined in the smart contract.

3. How is transparency achieved with ethereum code?
Smart contracts contain the terms agreed and are deployed into the blockchain which is available to be verified.

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#3494

  1. What was Web 1.0?
    the first basic version of the internet that only displayed basic text, links and picture, it did not cater for advanced videos, chat features and user identification/account specific interaction.

  2. What is a smart contract?
    is a contract that is programmed into the Ethereum blockchain. It will take specific programmable action, like executing a transaction, based on a specific set of conditions to be met.

  3. How is transparency achieved with Ethereum code?
    as with Bitcoin blockchain, the complete Ethereum blockchain is available for all to be viewed. The smart contract details, including the transactions are included for all to see.

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#3495

  1. Web 1.0 is static websites. Very basic and with not much interaction.

  2. It is a contract that can be interacted with and can be given a set of instructions to act on like a will and cannot be changed or reversed.

  3. Every detail can be viewed on a smart contract or block chain removing the need to trust.

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#3496
  1. Web 1.0 is only a simple internet where we can share links read texts and images.
  2. Smart contracts are small code written on Ethereum Blockchain with lang. Solidity. Depending on how we code them, they control and manage money.
  3. Anyone can read it, but after a SC is coded and executed, you can’t alter it because of how blockchains work.
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#3497

  1. Web 1.0 was the original form of the internet where websites were very static, they only had the capacity for basic functions such as text, images and links.

  2. A smart contract is a programmable code that is used on the ethereum blockchain. Smart contracts are able to perform functions dynamically such as handling money. Once a smart contract has been deployed it is unstoppable due to the decentralised nature of a POW blockchain such as ethereum.

  3. Transparency is achieved due to the nature of the blockchain itself wherein all transactions are written to the public ledger. These can be viewed easily on a blockchain explorer.

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#3498

  1. It was static, only images, text, and links.

  2. Its a contract that can be created to do whatever you tell it.

  3. All TXs are visible for anyone to verify.

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#3499
  1. What was Web 1.0?
    The internet pre JavaScript, before reactive website became the norm.
  2. What is a smart contract?
    A smart contract is interactive code that allows us to manipulate the parameters from which we use digital money. Instead of cataloging transactions, we can now interact with that data to make its usage more dynamice.
  3. How is transparency achieved with ethereum code?
    Code is executed on a decentralized network providing no centralization and censorship resistance allowing for transparency.
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#3500

  1. Web 1.0 was the intial state of the internet in which we had static websites that only showd text, some images and some links, there was no chats, you couldnt have lot of accounts and social media, only read and share information.

  2. A smart contract is a tiny piece of code that runs in the blockchain of Ethereum.

  3. Transparency is achieved by having a descentralized system, without any intermediaries, where we can track exactly all transactions, who is sending money and who is receving money. and nobody cant stop the running code.

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#3501
  1. Web 1.0 is a website without java script, basically without any programs that run on it.
  2. A smart contract is deployed on the Ethereum blockchain and it is a set of instructions that can dictate for example what will happen with your money if a set of given conditions are achieved. It removes the middle men.
  3. That the smart contract will be executed without the need of “trust” and that contract cannot be changed or manipulated.
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#3502

Homework ETH Intro:

  1. What was Web 1.0?

The internet before Javascript was used on websites to make them dynamic.

  1. What is a smart contract?

A programmable contract on the ETH blockchain that can “own” money and execute a specific action at a specific time when specific conditions have occurred. For example to release money to a company when they have successfully completed their job within the time they should have.

  1. How is transparency achieved with ethereum code?

It is open for anybody to read and no way to shut it down or stop it.

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#3503
  1. Web 1.0 is the ability to ONLY read static websites. This means that if a website’s contents is desired to be changed, it has to be changed from the server. This also means that most of the functions websites provide today are not possible. Static websites are similar to a text file or a document, except they’re shared over the internet. Javascript changed that and Web 2.0 was born.
  2. A smart contract is sort of like an automated escrow service. There is a check, and once that check succeeds, actions are taken (ex. a check would be “if grades == A+: send money”).
  3. The smart contracts are immutable. They can all be verified and they are all trustless. Any changes need to be done with consensus.
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#3504

  1. Web 1.0 is basically a static website that doesn’t implement Javascript in order to make it dynamic

  2. A smart contract is essentially a programme that can be used to manage assets based on certain conditions being met. Solidity is the main smart-contract programming language which is used to program money in a variety of different ways.

  3. Transparency is achieved because all of the transactions on the Ethereum blockchain can be viewed via etherscan. This reduces corruption as companies who are interested in implementing blockchain technology will ensure that all of their dealings are ethical.

#3505
  1. What was Web 1.0?
    ans- this was a static web which was able to show text, image and links. it wasn’t possible for such webs to be interactable.
  2. What is a smart contract?
    ans- its small pieces of codes on the blockchain which is capable of implementing a purpose with programmable money with out any intermediaries in a decentralized manner.
  3. How is transparency achieved with ethereum code?
    ans-it is achieved through smart contracts which is coded in such a way that it would be impossible to change or alter either the input or the outcome. It is open source code meaning anyone could be able to verify it.
#3506
  1. What was Web 1.0?
    Web 1.0 was static websites where you could only read and share information.
  2. What is a smart contract?
    Smart contracts are small pieces of code that run on the ethereum blockchain. Which is coded in solidity.
  3. How is transparency achieved with ethereum code?
    We can read and see what the smart contract is doing at all times.
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#3507

  1. What was Web 1.0?
    Is the first version of the web also referred as read only web.

  2. What is a smart contract?
    A smart contract is small pieces of code that run on the ethereum network

  3. How is transparency achieved with ethereum code?
    Because it runs on the ethereum blockchain

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#3508
  1. What was Web 1.0?
    Static
  2. What is a smart contract?
    Self-fulfilling contract that is completly transparent and no-one can alter with it
  3. How is transparency achieved with ethereum code?
    Transparency is achieved by having the code publicly available on the blockchain. It can be shown by anyone, at any moment in time and everybody can check what it is doing.
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#3509
  1. What was Web 1.0?

Static pages of information

  1. What is a smart contract?

A bit of code that will execute transactions without the need of any intermediary

  1. How is transparency achieved with ethereum code?

Everything is open on the blockchain and verified by proof of work

1 Like
#3510

  1. What was Web 1.0?
    Web 1.0 was the precursor of Web 2.0, which consisted of mainly static websites with little functionality for users.

  2. What is a smart contract?
    Smart contracts are small pieces of code that run on the Ethereum network. Smart contracts are trustless, unstoppable, transparent, and can be programmed to hold and distribute $.

  3. How is transparency achieved with ethereum code?
    The nature of smart contracts is that they are executed on a public distributed ledger that is immutable, and accessible to anyone to see.

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#3511

  1. Web 1.0 was the 1st version of the web (think boring static websites, plain text web pages)

  2. A smart contract is a set of specified functions made up of code that is self-reliant and immutable, in this case running on the Ethereum Network.

  3. By having a decentralized network and allowing users to code smart contracts that execute functions and promises, much like a standard contract would hold actions accountable, a smart contract removes the need for a third party to execute certain promises/transfers.

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