Homework on Ethereum Intro

[jfots]

1. What was Web 1.0?
   Web 1.0 was simply static websites consisting of text, images and links.
2. What is a smart contract?
   Dynamic and Programmable code on the blockchain written in solidity
3. How is transparency achieved with ethereum code?
   Transparency is achieved because there are no middle men involved and all smart contracts are on the blockchain for everyone to see.

[lifeisgood]

1. What was Web 1.0?
   A: It was static with limitations including only allowing text, images, and links.
2. What is a smart contract?
   A: Code called Solidarity that allows transactions and programs built only the blockchain. It provides a multitude of creative programing opportunities. Especially in new financial frontiers such as programable money, assets, and funding.
3. How is transparency achieved with ethereum code?
   A: It is open source and all transactions are visible and verifiable.

[ricosuave]

1. What was Web 1.0?
   Web 1.0 is the first layer of internet–> websites which display information, text and images.

2. What is a smart contract?
   An automated script/code which executes once certain criteria of the smart contract are met.

3. How is transparency achieved with ethereum code?
   Smart contracts removes the necessity of trust between two parties. Once 2 parties are established within a smart contract, only the conditions of the smart contract need to be met in order to execute the function of the smart contract. Both parties “know” that the smart contract will execute rather than having to “trust” one member of the party honors their commitment to an exchange/agreement.

[cryptoangelnetwork]

1. Web 1.0 was earliest version of the internet.
2. A smart contract is a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code.
3. Transparency is achieved because the Ethereum code controls the execution, and transactions are trackable and irreversible.

[Marc]

1. Web 1.0 was simply static websites consisting of text, images and links.
2. Smart contracts are Dynamic and Programmable code on the blockchain written in solidity
3. Transparency is achieved because there are no middle men involved and all smart contracts are on the blockchain for everyone to see.

[mulaterikos]

1. Just plain text with some research, learning purposes.
2. Its a fully transparent computer program which programmed certain way by which it suppose to behave in certain programming language that can automatically execute transactions (control money by the way it’s been programmed).
3. Every transaction send/received is visible in blochain.

[urko]

1 - What was Web 1.0?
Web 1. 0 was just static website with text, images and links.

2. What is a smart contract?
   Small pieces of code written in automated contracts running on Etheremum blockchain. Completely transparent and written in Solidity program language.

3. How is transparency achieved with ethereum code?
   Don’t trust! Verify! No middleman. Everyone can check the contracts on the Ethereum blockchain and see what is going on.

[Sascha]

1.The internet before Javascript. It only passed information through text, images and links. it was static.
2. A smart contract is a decentralised application for sensing certain tasks or controlling whether something happens or not.
3. By cutting out middlemen. It delivers what was agreed before, not more or less.

[Gaurav]

• Web 1.0 is the first version of the web where webpages are static and can’t contain any dynamic data or show different content based on the user (HTML based).

• A smart contract is an address on the Ethereum network that can be programmed to activate some code when an event happens. (For example: a smart contract that can only release the Ethereum once 20 years has past from the time you deposited that into the smart contract).

• 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.

[diego69]

Homework on Ethereum Intro - Questions. (Questions were updated on Dec 3 2019 )

1. What was Web 1.0?
   It was the web of the early days, when navigation was about to access thu HTTML. That means that we were able to retrieve only Text, Images and Links. Sometime later, videos became available but still the web were only a repository of information. Comunication were basic and only through email There were no chats, accounts, games and social media.

2. What is a smart contract?
   It’s a piece of code deployed into the blockchain. The web shift from 1.0 to 2.0 by the introduction of JavaScript it became intereactive and consequence a whole lot of possibilities arise as we have witness. The introduction of Solidity (a JavaScript scripting language based) into the Ethereum blockchain promises a monumental development on how we manage money. We’re seeing that already with DeFi and all kind of descentralized applications (DaApps).

3. How is transparency achieved with ethereum code?
   The code written in the blockchain is for all to see and unstopable. The same way that a transaction in the bitcoin blockchain can’t be modified by anybody, so the smart contracts will execute once the conditions emerge.

[diego69]

Hi, good answer. I only disagree that a smart contract is not ann address, but a piece of code written in the blockchain that will execute once the conditions meet. I am the same level of you in this learning process.

[Karambo]

1. Web 1.0 was static internet, before javascript, where users could only read information and look at pictures.
2. Smart contract is a piece of code deployed on a blockchain.
3. Ethereum code is public, everyone can read it and check what it will do.

[hyperToken]

1. What was Web 1.0?
   It was not an interactive web, you could only seek information and look at the pictures. It was HTML pages, and a few simple styles embedded in the HTML markup.

2. What is a smart contract?
   A smart contract is a code that runs on blockchain and stored there. It allows the developers to build apps /dapps and tokens. Uniswap is a great example of a smart contract

3. How is transparency achieved with ethereum code?
   Trust the math. Everyone can check and verify the Ethereum code on the public blockchain

[Maxwell]

1. This was the first iteration of the internet, pages were static and would only display images, text or links.

2. A smart contract is a programmable function on the blockchain which is transparent and trustless.

3. All transactions are visible upon the blockchain.

[jCA]

1. What was Web 1.0?

The first wave of the modern internet. Basic static HTML based web pages with limited to no interactivity.

2. What is a smart contract?

Programmable blockchain, where assets are programmable and executable based on predefined rules and conditions which can mirror real world contracts where the code enforces the contract.

3. How is transparency achieved with ethereum code?

By having both smart contracts and transactions on a publicly verifiable blockchain.

[MarkHording]

1. What was Web 1.0?
   Static websites with only text and images.

2. What is a smart contract?
   Written code on the blockchain that executes, based upon the conditions and tasks in the smart contract.

3. How is transparency achieved with ethereum code?
   Through the blockchain that is open-sourced to all.

[SweetNetworker]

1. Web 1.0 were websites with only static images and text. There was no chat, social media or accounts embedded in the site for any interaction.

2. Smart contracts are small pieces of code that run on the blockchain. Parameters and instructions are set out in this code.

3. Ethereum contracts are open source and can be viewed by anyone. All transactions can be seen or tracked. Nobody can meddle with it.

[John_Nutter]

1. What was Web 1.0? Web 1.0 was a read only page that you couldn’t interact on. it wasn’t till java script was introduced to it and then web 2.0 was born.
2. What is a smart contract? Ethereum is a smart contract, written on solidity. this code can hold money or tokens and can be programed what you can do with them
3. How is transparency achieved with ethereum code? Transparency is achieved because the contract can be seen by anyone and cannot be manipulated or changed. so there is no need to trust only verify.

[Bigt1987]

1. Web 1.0 was the first internet. it was static with just text pictures and links
2. A smart contract is programable code on blockchain that doesn’t release a transaction unless certain parameters are met.
   3.Smart Contracts achieve transparency by having their code publicly available on the chain and they cannot be reversed or altered.

[Chuks]

1. Web 1.0 was the static internet with just images and text and links before java script was invented to enable web 2.0 which was more dynamic.

2. A smart contract is a contract based on the blockchain which is programmed to automatically carry out a specific action or transaction only when certain pre-determined conditions are met.

3. Transparency is achieved on the ethereum code through smart contracts which are written in solidity , a programming language which can be read and verified to ensure that the conditions programmed into a smart contract are the same as those agreed in real life.