Homework on Ethereum Intro

Ethereum 101
#3532
  1. What was Web 1.0?
    Plain html pages, nothing dynamic
  2. What is a smart contract?
    it’s a piece of code that lives on the blockchain.
  3. How is transparency achieved with ethereum code?
    the code is visible on the blockchain and all of the transactions are visible to everyone
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#3533

  1. Web 1.0 is the age of the internet where websites were very static and one-dimensional (you could really only communicate cold, hard text/information)

  2. A smart contract refers to a place in the blockchain where you can put conditions on where the money goes within the bounds of the contract. For example, you create a contract that states you will reward a person with “x” amount of money on the conditions they get “y” job done. If they complete the task they get the money. If they don’t the money gets sent back to the original owner. Once the contract is submitted nothing can change the conditions.

  3. Transparency is achieved by making the functions of smart contracts public. So anyone can create a contract with anyone anywhere in the world (not have to know a thing about them) as long as they both agree to the terms of the contract they can complete transactions with absolute integrity. And in the event of a dispute, people outside the contract can verify the validity of the outcome.

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#3534
  1. Web 1.0 refers to static websites which permitted us to only read information.
  2. Smart contracts are programmable instructions that run on the ethereum blockchain.
  3. Because everything is open for everyone to see.
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#3535

  • What was Web 1.0?
    The internet’s first platform used to communicate with although user interaction was very low.

  • What is a smart contract?
    A way to put into place verifiable and non-transferable/adjustable commands or directives to perform specific tasks, ie: money contracts, data sharing, etc.

  • How is transparency achieved with ethereum code?
    The codes written can not be altered once added to the blockchain. They can be seen by everyone, tracked and verified that they are indeed, what they where originally written to do or be. This transparency deals with the issue of corruption.

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#3536
  1. Web 1.0 was very basic, it was just to share information
  2. A smart contract is a definitive transaction that is programmed to happen once conditions are met, There is no way to intervene to change it
  3. Everyone can see the results of smart contracts
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#3537
  1. The first static version of the internet
  2. A smart contract is the programming, or set of conditions programmed into money on the internet
  3. The code of the smart contract is available publically on the blockchain for viewing by anyone
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#3538
  1. Static HTML websites
  2. A peice of code.
  3. It is a public blockchain
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#3539

Questions:
. It was the earliest form of the web in which it was only possible to show text images and links, while it was not yet possible to program.
. They are pieces of code that run on the Ethereum Blockchain which may be programmed to handle money, while also providing transaction transparency and being impossible to shut down.
. It is possible for users to view and complete transactions without the need to trust a central entity or third party.

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#3540
  1. This was the internet before javascript where there were “static” websites that only had text, image and links.
  2. A smart contract are small pieces of code that hold money and do exactly what we want them to do with our money.
  3. Everyone can see what happens with the money, there is trustless-ness.
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#3541

  1. What was Web 1.0?
    When websites stored and shared information, it was not adaptable because the websites could not be programmed atop of, until Javascript was introduced.

  2. What is a smart contract?
    A piece of code which can store money and then distribute it if certain predefined conditions are met.

  3. How is transparency achieved with ethereum code?
    Open source, available for review, visible blockchain

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#3542

  1. What was Web 1.0?
    The internet pre Java script, where only simple webpages were possible, with text and images only.

  2. What is a smart contract?
    A piece of code running on the Etherium network, money is sent / received when certain, pre-programmed conditions are met.

  3. How is transparency achieved with ethereum code?
    Anyone is able to view smart contracts on the blockchain.

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#3543

What was Web 1.0?
Web 1.0 was a read-only early stage internet that coincided during that time when dial-up internet connections where introduced; where static contents were displayed representing a unique form of digital communications. Web 1.0 had only static pages where people logged on to read about things or get updates on somethings. It was a web that was not interactive or dynamic in any significant sense as we see in todays websites where there are interactive features that change based on website visitor behavior.

What is a smart contract?
A smart contract is just like a contract that we use today, but the only difference is that they are completely digital. At its core it is a small computer program that is stored inside of a blockchain. To make a contract in the real world it requires using attorneys, court clerks, and other parties to oversee obligations in the contract. This can get quite expensive and time consuming. What makes smart contracts so unique is that they can be stored and executed on the blockchain, as well as receive, store and send funds, and call other smart contracts. They basically remove the human intermediary and substitute it by using code.

How is transparency achieved with ethereum code?
Transparency is achieved with ethereum code because anyone is able to view the contract. The smart contract gets broadcasted to all the nodes in the network, therefore all the nodes have a copy of the smart contract and once a smart contract is launched in the ethereum network it cannot be reversed. It provides the same trustless characteristics as Bitcoin with transactions, only it is used in executing contracts.

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#3544

  1. What was Web 1.0?
    text images and links

  2. What is a smart contract?
    a smart contract is a piece of programmable text that is put into the blockchain which can also hold or manage money

  3. How is transparency achieved with Ethereum code?
    nobody can change or edit the transactions and it runs on POW as well as being openly viewable

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#3545

  1. What was Web 1.0?
    Web 1.0 was the first iteration of Internet, which could only host static sites with basic functionality for text, images and links.

  2. What is a smart contract?
    It is a small piece of code that runs on the ETH blockchain.

  3. How is transparency achieved with Ethereum code?
    Similar to BTC’s TXs, smart contracts cannot be modified, they are temper proof and everyone can see who is sending and receiving money.

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#3546
  1. What was Web 1.0? Static HTML websites.
  2. What is a smart contract? A contract that is executed in code. Like Solidity.
  3. How is transparency achieved with ethereum code? The Contracts are Public. If on the Public Chain. The code for smart contracts is auditable.
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#3547
  1. WEB 1.0 was like ordinary book or newspapers but in the internet.
  2. Smart contract is a kind of contract which will be executed without anybody to decide if the next step in the contract should be done.
  3. Anybody can check the contract code.
#3548

  1. Web 1.0 was the first instance of internet, with very basic functionality. Web 1.0 included static websites that were only able to show text, images and links.

  2. A smart contract is a piece of code that executes instructions on a blockchain.

  3. On Ethereum, smart contracts are executed on the blockchain meaning that they inherit and retain the fundamental advantages of blockchain technology, including transparency.

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#3549
  1. The first public version of the web to only allow text, pictures
  2. Is a program that cannot be changed after being implemented on the blockchain, (same concept with previous blockchain concepts with transactions.)
  3. Because the instructions in the program cannot be changed by anyone. The program operates only with preset instruction (parameters) that cannot be altered. Promotes a trustless system with people, only trust in the pre defined instructions of the program.
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#3550

Hi!,

  1. Web 1.0 refers to the first stage on www, made up of static pages connected by hyperlinks, with no interactive content.
  2. A smart contract is a special type of instructions that is stored on the blockchain. And it also has the ability to self-execute actions according to a series of parameters already programmed. All this in an immutable, transparent and completely secure way.
  3. All the data is transparent and available to be traced by anybody but the confidentiality can be achieved by encryption. In other words, the confidential information is saved on the blockchain in an encrypted format, and the keys of decryption can be shared only with authorized individuals.
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#3551
  1. Web 1.0 was the revolution of the internet and the birth of Bitcoin
  2. An unstoppable piece of code that can have any length of variety, similar to how a bitcoin money transaction can’t be stopped.
  3. Everything can be observed on Ethereum in real time on the Blockchain.
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