Homework on Ethereum Intro

[apmfree]

1 - static web that only allow text and images, no dynamic elements.

2 - a smart contract is a programmable contract that you can hold money you sent to it. This money is only released once the criteria programmed into the contract are met.

3 - all smart contract on the ETH code are publicly visible on the etherium blockchain so there can be no funny business. Everyone can see the contract.

[matthewjrnewman]

1. What was Web 1.0?
   First version of the web where webpages are static and cant contain any dynamic data, no chats, o real interactions
2. What is a smart contract?
   A progam or code that can hold or manage data. It is completely transparent. It cannot perform something it is not prgrammed to do
3. How is transparency achieved with ethereum code?
   Proof of work. trustless, decentralized

[Pavlo]

1. Web 1.0 presented the basic possiblilities of Internet - read text and display images, but you were not able to interact with those or personalize it.
2. Smart contract - small pieces of code that run on the blockchain, programmable with the help of
   Solidity, code is unstoppable and visible to everyone.
3. Like in Bitcoin network you can see the transactions + you cannot modify smart contract.

[Job.Dylan]

1. What was Web 1.0?
   Web 1.0 was a static website that only had text, images and links.

2. What is a smart contract?
   small codes that run on Etherium network. It can own and decide what to do with money.
   With it you can create your own contracts with your own logic, applications your own
   services that will handle money in a decentralized way.

3. How is transparency achieved with ethereum code?
   It uses blockchain. Once its on the blockchain it cannot be changed or removed. Anyone
   can read it. It is trustless.

[Austaino]

1. What was Web 1.0?

Web 1.0 was static website that contained only text, images and links. Not dynamic.

2. What is a smart contract?

Smart contracts are small pieces of code that run on the Ethereum blockchain which we can programme using Solidity and deploy on the ethereum network. These Smart contracts are unstopable and cannot be shut down.

3. How is transparency achieved with ethereum code?

Because anyone can see what is happening to the money, and it removes the middleman.

[Emerik]

1. What was Web 1.0?
   The first version of the internet.
2. What is a smart contract?
   small pieces of codes that are running on the Ethereum network that cannot be changed
3. 1. How is transparency achieved with ethereum code?
      Using consensus of the Network like in Bitcoin. Everyone can see and verify a smart contract without having the possibility to edit or remove that smart contract

[maddie]

1. What was Web 1.0?
   Static web pages with only text, images and links.

2. What is a smart contract?
   A small program that can hold and transfer money depending on the rules it has been programmed with. It can not be altered.

3. How is transparency achieved with ethereum code?
   Everyone can see the contract on the blockchain.

[Cryptofly]

• What was Web 1.0?
  The first internet platform. It was very static with limited features ie text images and links. Javascript improved the internet with dynamic programming chat and accouns.

• What is a smart contract?
  A smart contract is programmable pieces of intelligent code that are unstoppable.

• How is transparency achieved with ethereum code?
  Removing the middleman creates a trustless system rather than trusting each other. Once a smart contract is deployed on the blockchain it cannot be removed. It is immutable.

[Bongani_Msibi]

1 Web 1.0 was static websites that could only show text, images and links, one could not interact with them.
2 smart contract is a small piece of code that runs on the Ethereum network ( Blockchain).
3 In the Ethereum network every one can see all the transactions that take place and this ensures that there’s transparency.

[Jesse_Bowles]

1. Web 1.0 was basic sharing of information. Static and very boring.
2. Smart contract is the programing of money without trust.
3. This is achieved my the open ledger similar to BTC transparency

[UFAME]

1- Primitive web with basic capabilities such as text, images and web links.
2- Agreements written in Solidity code on blockchain for secure money transactions without middlemen
3- Permanent on blockchain for anyone to see and verify

[turbodrakul]

1. It was a static website where people could read and write information.
2. Unstoppable small paces of codes run on ethereum blockchain.
3. The same like in bitcoin. No third party involved - no corruption.

[dpturner]

1. Web 1.0 was merely text pages with some images and links. Not much user experience.
2. A smart contract is a self executing piece of code that can interact in a decentralized manner.
3. Transparency is achieved because of the self executing nature of the smart contract. No middle men politicians that can cut in front of the line.

[renaissanceman]

1. What was Web 1.0?
   -Web 1.0 represents the ‘original internet’ of sorts. Extremely limited websites that could only contain basic functions such as texts, images, and links.

2. What is a smart contract?
   -Smart contracts represents ‘programmable money’. This is the ability to pre-program specific requests/requirements into money. It can set certain commands/code into money which could be filled by the smart contract automatically. This solves the need to trust in transactions.
   For example, if I want to buy land from someone in California but live in FL. A smart contract can be made in which the funds will automatically be disbursed after I receive the completed, notarized/signed deed. After the digital document is received, the smart contract will be notified then automatically disburse the funds to the contract wallet/destination. Since the program is unbiased and automated, the smart contract removes the need to trust; it replaces it with the need to verify.

3. How is transparency achieved with ethereum code?
   ETH code allows for complete transparency by enabling the ability to publicly verify the code or smart contract on the Ethereum network. Since it enables the ability to publicly automated contracts, there is no need to trust another party, an individual can simply verify a contract or even self-program contracts.

[DMT_RAINDROP]

1. It was the initial, most basic, form of the internet which consisted of basic text and images.

2. A smart contract is a self-executing piece of code based upon a condition which will trigger the release of funds.

3. All of the code is available for anyone to view. The code cannot be edited, meaning only when the conditions are met can the smart contract be executed.

[pmgoff]

1. What was Web 1.0? Static text, images, and links

2. What is a smart contract? A piece of code that allows users to program their transactions

3. How is transparency achieved with ethereum code? Anyone can verify the smart contract

[Raneil]

1. Web 1.0 was the internet before the use of Javascript. It was mainly static. User interaction was very minimal.

2. A smart contract is what Ethereum is all about. It’s a technology consisting of small pieces of code using Ethereum programming that enables the programming of assets, money or services. The smart contract enables execution of certain actions when certain conditions are met. Smart contracts are immutable once they are appended to the blockchain.

3. Transparency is achieved with ethereum code by virtue of the code being accessible to anyone with the appropriate permission to have access to the respective blockchain.

[Kristian_Mitov]

1. What was Web 1.0?
   Web 1.0 is the internet before Java Script. It is static, only images and text.

2. What is a smart contract?
   Smart contract is a peace of code written with a Solidity programming language on the Etherium network that is unstoppable, can hold money and is completely transparent - everyone can see all transactions in a smart contract.

3. How is transparency achieved with ethereum code?
   Etherium is still using the Proof of Work consensus mechanism which makes it practically impossible to go back and change a smart contract.

[TheOldOne]

1. What was Web 1.0?
   First stage in the World Wide Web

2. What is a smart contract?
   a self enforcing piece of software that is managed by a P2P network of computers.

3. How is transparency achieved with ethereum code?
   By relying and using smart contracts, believing in the system.

[soho101]

Ethereum use POW, yet in addition have POS

Brilliant agreements are executed utilizing the EVM, which guarantee that the savvy contract isn’t attempting to perform malignant action.

it safer.