Homework on Ethereum Intro

[Marine777]

1. Web 1.0 was the first version of the internet: scripts, texts, and simple images made the first websites without any animations.

2. Smart contract is programmable money put into a code without any third party

3. Transparency is achieved because the blockchain is public and all the transactions are visible to anyone at anytime

[vcj]

Q.1. What was Web 1.0?
A.1. Webpages were static, with text images and links only for information and did not adapt
to the individual user

Q.2. What is a smart contract?
A.2. Small transparent pieces of programing code with rules
written on the ETH network, which are trustless

Q.3. How is transparency achieved with ethereum code?
A.3 The code can be viewed by all, no one can change the code
since proof of work completed by miners on the ETH network

[lukad]

1. Web 1.0 was the internet before javascript. Static and limited websites.
2. Smart contract is a piece of code running on a blockchain. Code is transparent and verifiable. Once it is deployed you can’t change it without rolling back the chain. Smart contracts give us the ability to build financial services or businesses among others on top of the blockchain.
3. Transparency is achieved by making the smart contract code and ledger public which means that anyone can verify the code and transactions on the blockchain.

[yuhboijc]

@filip

• What was Web 1.0?
• What is a smart contract?
• How is transparency achieved with ethereum code?

1. Web 1.0 was the original web and used for static web pages displaying information.
2. A smart contract is a computer program or protocol that can own money and executes certain function when conditions are met.
3. The code is visible by anyone and immutable taking away the need to trust others.

[izzmemitch]

1.Web 1.0 is a static version of the internet that showed text, images and links.

2.A smart contract is a small piece of code intended to automatically execute, control or document legally relevant events and actions according to the terms of a contract or an agreement

3. All the data is transparent and available to be traced by anybody but the confidentiality can be achieved by encryption.

[JensLyn]

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

1. What was Web 1.0?

• It was static webpages to show information

2. What is a smart contract?

• its a set of rules on the blockchain, for how to interact with money/Coins/tokens

3. How is transparency achieved with ethereum code?

• Everyone can see into the smart contract code. But it cant be tampared with

[Ishiki]

1. What was Web 1.0?
   Web 1.0 was text only based. No images or interactions. Only links and text.

2. What is a smart contract?
   A smart contract is a programmed transaction in which you can program how when and how the transaction will be concluded. For example, you can program that a certain amount of money is paid out when a goal is met – this goal only has to exist on the blockchain to be verified.

3. How is transparency achieved with ethereum code?
   Transparency is achieved through open source code. We can verify what happens in smart contracts by putting our trust into the mathematics/code/protocol instead of in people, which is how a trustless system without any middle men is achieved.

[Rocketman]

1. What was Web 1.0?

Web 1.0 was the beginning of the internet which was simply static websites, text and links with no chat or any other abilities other than to read or share information. This was before java script was introduced to websites.

What is a smart contract?

Smart contracts are small bits of code than run on the blockchain and are created using a program called solidity. Any smart contract deployed is unstoppable, transparent and defines a set criterion of conditions that the smart contract is to follow that cannot be altered resulting in trust-lessness.

3. How is transparency achieved with ethereum code?

A smart contract is transparent because everyone can see what’s happening once deployed its behavior cannot be altered whatsoever. If someone tries to change the behavior of a smart contract they have the issue of having to change it in a block connected to the block chain which as we know would result in not only that block holding the smart contract changing but the previous block, its link and the subsequent blocks to follow would change as well, effectively rendering the blockchain and the smart contract invalid. Also, by trusting the math and the technology and the way the smart contract is written rather than an intermediary this results in trust-lessness in doing transactions with complete strangers on the blockchain.

[jagzkooner]

1. What was Web 1.0?
   web 1.0 was a very basic version of the internet ( compared to now) you only had websites that could only display static information like text, images, links.
2. What is a smart contract?
   A smart contract is a piece of code that contains information/money that can only be transacted upon once certain criteria has been met. This criteria is the information in the smart contract on the Block chain.
3. How is transparency achieved with ethereum code?
   Transparency is achieved by the fact that the code is visible to everyone as it is available publicly on the Ethereum blockchain.

[Dale23]

Homework for Etherium Introductin

1. Web 1.0 existed when we had webpages that could only display text, images, and links. Static websites. Before Java script was added to browsers.
2. A smart contract is a small piece of code that runs on the Etherium blockchain.
3. Anyone can read the smart contract program which makes it transparent. You cannot change a smart contract that has been deployed.

[ErrorCode]

1. What was Web 1.0?
   Web 1.0 was the first generation of the WWW that allowed only static content on websites (text and images and links).

2. What is a smart contract?
   A smart contract is a self-executing immutable computer program account operating as part of the Ethereum network.

3. How is transparency achieved with Ethereum code?
   The Ethereum code sets the protocols for the operation of the blockchain that ensures the Ethereum platform is an open, public, trustless and permissionless platform where all the data is transparent and available to be viewed by anybody.

[rom]

1. What was Web 1.0?
   Static websites that display information.

2. What is a smart contract?
   Codes that run on the blockchain.

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

[jsilver]

1. Web 1.0 was a version of the internet with static websites.
2. Smart Contracts are immutable code that is run in an account on the blockchain, which can be executed upon receiving certain instructions.
3. The code is transparent as it is published to the Ethereum blockchain for the world to see.

[Mlud]

1. What was Web 1.0? The first version of the Internet in which websites were non-dynamic.

2. What is a smart contract? A blockchain-driven contract that allows for customized logic, conditions precedent, and other objectively verifiable conditions to met in order to execute all or specific portions of the contract (e.g., distribute money to one’s child should the child achieve a certain grade).

3. How is transparency achieved with ethereum code? By distributing smart contracts across the entire Ethereum network (similar to Bitcoin).

[Adidre]

1. Web 1.0 was static web pages that could only display text, photos, links etc…

2. It is code that is run on top of the blockchain with predefined rules that can’t be changed

3. Transparency is achieved because it is run on the blockchain making it immutable and transparent

[Artrex_G]

1. Web 1 is the web before javascript, only bored HTML and CSS.

2.- Smart contract is a piece of code that ensure you fulfilled an agreement and it cant be revoked after it.

2.- You can see all the movements in the blockchain.

[Renji]

Web1.0 is the internet without applications built on it, thus without Javascript.
Web2.0 = + javascript --> Applications on web
Web 3.0 = + Javascript + DApps --> Decentralized applications on the web with private wallet extension conectable.

A smart contract is a programmable unstoppable contract governed by rules which is immutable after deployment.

Transparency is achieved with the DLT provided on ethereum via Etherscan.io where tx’s and block size and block time are all depicted and the size is about 20kB with a block time of 15 sec while BTC blocksize is about 1 MB and 10min block time. No intermediary for smart contracts.

Smart contracts are executed on the Ethereum network with every node (saved gossiped copy of the blockchain needs with up-to-date info of the network) receiving a command to execute the smart contract when certain conditions/rules are met. e.g. inheritence of funds when not interacting with the contract for a X amount of time will disperse the funds to designated recipients without intermediary.

Benefits of the smart contract execution is no intermediary, no corruption, immutability of the contract.

Ethereum differs from Bitcoin in the first mentioned aspects as well as that Ethereum has a more GPU friendly mining algo.

[dan-v]

1. Web 1.0 was static, and could not change based on what user was accessing it. It was simply text and images.
2. A smart contract is a transaction launched onto the Ethereum blockchain that can decide how to release money when conditions are met.
3. Ethereum code is on the ethereum blockchain, which is visible to all on etherscan.io.

[CoachPA]

• What was Web 1.0?
  The first version of the internet, where only text, images and other static items existed

• What is a smart contract?
  A smart contract is a contract written on the blockchain which executes the will of the contract without any third party interaction. Ethereum in this way is “programmable money”

• How is transparency achieved with ethereum code?
  Since the smart contract is on the blockchain and using PoW, it can not be changed. The transactions are visible and trustless

[zanbrojen]

1. less sophisticated web where things were very static. websites only had text, images, links.

2. Small piece of code that not only holds money but is also programmable.

3. There is no third party interference. All info is stored on the blockchain just like BTC.