Homework on Ethereum Intro

Ethereum 101
#3732

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

  1. What was Web 1.0?
    *A very basic web browser that could contain a text or an image and cannot perform complicated task because it lacks programming capability.

  2. What is a smart contract?
    *It is a program. or self executing program when the condition is met.

  3. How is transparency achieved with ethereum code?
    *You can check the code and verify it if if really behaves the way it ought to behave ensuring that the contract is secure and the funds are safe.

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#3733
  1. Web 1.0 is just static site, with text, image and links for viewing only
  2. Smart contacts can be programmed to set instructions on what to do with a tokens if certain parameters are satisfied.
  3. Thru blockchain technology. the Smart contract code is on the ETH blockchain.
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#3734

  1. What was Web 1.0?
    Ans : Website contain text, image, other page links. No login features, others. It’s a static usable

  2. What is a smart contract?
    Ans : It’s a digital contract. High secure and cannot rewrite, alter or delete the contract once finalise the smart contract on the network. This smart contract helps to deal with P2P , B2B and more in any scenario, the crypto asset is locked in the smart contract. Once the deal over or when certain conditions are met the asset releases automatically.

  3. How is transparency achieved with ethereum code?
    Ans : Using PoW with smart contract is achieving transparency. No middle man. We can track all transaction globally.

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#3735
  1. It was the first version of the web browser, there was not much you could do.
  2. Smart contracts are programmable digital contracts that gives a criteria needed to be done before the money is touchable. There is no need of a middle man and trust is not needed.
  3. The ethereum code made Ethereum decentralized, meaning that there are no third parties influencing it.
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#3736

  1. Web 1.0 was static websites. Text, images, links and a one way street.

  2. A smart contract is a piece of code running on the blockchain that does something when a certain condition is met. Once it is running, there is no way of altering or stopping it.

  3. Transparency is achieved by the blockchain itself, because there is no way to change the data. It has an unchangeable timestamp, so you can’t cheat to the front of the line. Everyone can read a smart contract and you don’t have to trust the other party. You just have to verify.

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#3737

  1. What was Web 1.0?
    It is the first version of the internet which was very limited. It was static and only limited functions can be performed.

  2. What is a smart contract?
    Smart contracts are contracts made in way that it executes only when the network reach consensus.

  3. How is transparency achieved with ethereum code?
    Its decentralized and its open source.

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#3738

  1. What was Web 1.0?
    Web 1.0 was the first version of the internet in which websites were mostly static and uninteractive aside from linking toward another page.

  2. What is a smart contract?
    A smart contract is a small piece of code on the network that can be programmed to activate when specific events or circumstances happen as has been instructed to do. There is no way to reverse or revoke the contract unless it has been built in, providing a way to be transparent and free from manipulation in its integration due to the nature of the blockchain.

  3. How is transparency achieved with ethereum code?
    As the source code is visible to everyone, it does not rely on the trust and visibility of one party to run accordingly.

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#3739

1.) The internet, as we know it.
2.) A program, which act as a contract. In Ethereum it functions as programmable money. E.g., you can write a sports bet putting 1 ETH into the smart contract, saying if Nadal wins against Federer, A gets the ETH, if Federer wins against Nadal, B gets the ETH, if somehow the match gets cancelled, the next match between thoe two decides. If they don’t play against each other until x date, the ETH gets returned to from whence it came.
3.) It is an open source code and openly accessible programs and execution on the blockchain.

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#3740
  1. What was Web 1.0?
  • Static Web site
    • Text
    • Links
    • Images
  1. What is a smart contract?
  • Small piece of code that runs on a blockchain protocol
  • Immutable
  1. How is transparency achieved with ethereum code?
  • Public ledger
  • All transactions are validated publicly
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#3741

  1. Web 1.0 was the first iteration of the internet that was static and pages only had hyperlinks to other pages and design was basic and websites were really only used for informational things and there was only administrative access to websites there was no user base so information was really the most centralized at this points on the internet and it lasted up until the early-mid 2000s when javascript got popular and the internet became dynamic.

  2. A smart contract is an app coded in a decentralized manner on a blockchain where middle men are no longer needed because the decentralized app executes functions on its own while allowing 2 or more users to interact with each other.

  3. Transparency is achieved with Ethereum code because you can verify any Decentralized app coded on the network with their block explorers.

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#3742

  1. Web 1.0 was the beginning of the websites. It was
    a static Web wherein you could only text, have images
    and links. Basically one could read text and share.

  2. A smart contract is small pieces of code on the Ethereum
    blockchain. Solidity is used to create the tx. And the contracts
    can be made to be enacted years from now. I can make a
    smart contract for my son to be given to him many years
    from now.

  3. Through mining on the Ethereum blockchain the element of trust
    is removed. Don’t trust verify. And the blockchain is open sourced,
    everyone can see what’s happening with the money.

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#3743
  1. What was Web 1.0?
    Only capable of producing text images and links.
  2. What is a smart contract?
    Stores code that automates payment when specific criteria/tasks have been completed
  3. How is transparency achieved with ethereum code?
    The source code of Ethereum is open for all to see. Don’t trust Verify.
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#3744

  1. Static websites, only capable of displaying text and imagines

  2. Smart contracts are code the will have specific criteria / requirements. Once met there is a response, ie a transaction will be completed.

  3. Enables prerequisite to be set before an transaction in completed. Embedded within blockchain and is open source for everyone to verify. Not trust.

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#3745
  1. What was Web 1.0?
    its the basic html web, with text, numbers and links
  2. What is a smart contract?
    its code put on the EVM, a program that runs without the possibility to change the set code
  3. How is transparency achieved with ethereum code?
    when you upload your contract/code to ethereal Mainnet, every node in the network gets a hashed copy of your contract inside the current block of bits.
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#3746
  1. Web 1.0 was the basic web which was very static.
  2. A smart contract is a piece of code which have specific requirement and once met there is a response.
  3. When code is upload to Ethereum it is open for all to see which you can verify by yourself.
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#3747

  1. Web 1.0 was the iteration of the internet, where website only included static material such as images and text.

  2. A smart contract in short is an immutable computer program. Each smart contract holds value and has a rule set for releasing that value to designated recipients.

  3. Transparency is achieved through Ethereum code because the source code is publicly available to view.

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#3748

  1. What was Web 1.0?

    Web 1.0 was the first iteration of the web and consisted of static pages sharing text / images / links with no way to distinguish one user from another.

  2. What is a smart contract ?

    A smart contract is a programmable contract that can recieve funds and then depending on how it’s programmed it will do something with said funds. It’s basically a way for people who do not trust each other to confidently do business with each other over distances.

  3. How is transparency achieved with ethereum code?

All transactions and smart contracts are available on the blockchain for anyone to check & verify.

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#3749
  1. Web 1.0 was the start of Internet, very static websites with not much logic.
  2. A piece of irreversible code with some logic on how to handle money, deployed on the blockchain.
  3. The code is visible to anyone in the blockchain.
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#3750
  1. First version of internet where you can just read informations.
    2 Ireversible programmable contract deployed on blockchain.
  2. Anyone can see the code & conditions.
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#3751

Web 1.0 was the internet in it’s earliest form where you couldn’t interact with web pages and they were purely readable with text and images.

A smart contract is a programmable contract written in the solidity programming language on the Ethereum blockchain.

Smart contracts written with Ethereum code are stored on the Ethereum blockchain and therefore are completely transparent because anyone can view the contracts and transactions to check them.

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