Homework on Ethereum Intro

Ethereum 101
#3752
  1. Static internet page without part difference in time on page
  2. Its. program on web3 arhitectur
  3. Its open to each person who wants to khow how many, and when
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#3753

  1. Web 1.0 was first version of the Internet where you could just read and share information on a static websites showing text, images and links. There was no dynamic in the websites like after adding Java script in Web 2.0. which made possible crating accounts, apps, chats…

  2. Smart Contract is small piece of code that runs on Ethereum blockchain, it is a program written in Solidity programming language that can own and decide what to do with the money (data) without needing to trust third party but just the technology, completely unstable and transparent to everyone to view it and verify content of.

  3. Transparency with Ethereum code is achieved by having it available publicly on the Ethereum blockchain, visible to anyone at any time without possibility to make changes.

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#3754

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

1. What was Web 1.0?
The initial state of the internet, just text, images and hyperlinks to other pages in another location with only the same type of static content

2. What is a smart contract?
It is a programmable set of commands that can be created to act in a particular way, carrying out specific functions that are not able to be changed once the contract is running. A contract between 2 users of the network, that dont have to know each other and have trust that the contract will be fulfilled in the agreed manner automagically.

3. How is transparency achieved with ethereum code?
Via the blockchain being public and open source programming. The blockchain can be viewed by anyone on a block explorer such as Etherscan, enabling anyone to view transactions over the network. Also the vast majority of any type of Dapp is written with open source coding that can also be viewed by anyone.

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#3755

  1. It is the first period of the internet when we could only show text and share that text without further interacion with the website.

  2. There is a program that can handle “money” or crypto assets and can be programmed to do certain actions when a condition is reached and it is immutable.

  3. By sending all the transactions and smart contracts to the blockchain and it can be read for all the users and can not be modified.

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#3756

  1. Web 1.0 is the term used for the earliest version of the Internet that emerged from scratch with the DARPA.

  2. A smart contract is simply a program stored on the blockchain that runs when pre-defined conditions are met. They are usually used to automate the execution of agreements so that all participants can be sure of the outcome immediately, without the involvement of intermediaries or lost time. They can also automate workflows, triggering subsequent actions when conditions are met.

  3. When you put code on a blockchain that is public for anyone to download and read the code that’s there, to verify what it’s doing. This is very different from normal system usage when the source code is hidden from the public. This transparency is very good if it is not manipulated from someone with other motives from someone else. Blockchain shows the whole truth without modification from its origin to the present.

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#3757

  1. WEB 1.0 is the version of the web in the early days of the internet where websites could only show information in texts

  2. Smart contracts are programmable code deployed on the blockchain that enforces a rule or set of rules and cannot be altered.

  3. Once deployed on the blockchain, smart contracts enforce rules in a trustless and decentralized manner. With smart contracts, CODE IS LAW.

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#3758

Homwork - ETH Intro

  1. What was Web 1.0?

Its was how the internet began where websites were static - simple text, images and links, no social media, no chat screens - basically you only can read and share info

2. What is a smart contract?

Are small pieces of code run by the ETH blockchain that you can program to do exactly what you want with your money

3. How is transparency achieved with ethereum code?

Its open source - everyone can read the code so everyone can see what exactly is happening with tx’s - no one can go back and change how smart contracts behaves - allowing us to do business in a trustless way - you trust the math

Cheers :woman_cartwheeling:

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#3759
  1. What was Web 1.0?

ANS: When website was built with the best web tech in the world called HTML (LOL!!!)

  1. What is a smart contract?

ANS: Code in Blockchains like Ethereum that can perform actions on its own without direct human interference once programmed and deployed.
It can also handle money
It encourages trustlessness

  1. How is transparency achieved with ethereum code?
    ANS: With the help of smart contract trustless capability
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#3760

1 web 1.0 was the first internet that only showed texts and images until java script then it became web 2.0
2 a smart contract is a code which we can decide what we want our money to do
3 transparency is achieved by the use of blockchain and smart contracts are open for everyone to see allowing us to program what our money does without any middlemen

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#3761

  1. Web 1.0 was more of a static archive of content with fixed elements (words and images); links were the most “interactive” aspect until JavaScript added more dynamics and introduced the Web 2/0 ecosystem

  2. Smart contracts are codes that run on block chain, making transactions flexible and programmable, while still being automated and transparent

  3. The automation aspect, and one way identification nature of block chain, allows the smart contract to be transparent; this is because automation doesn’t allow tampering so you can be sure you are viewing the correct information and the one way id means data is anonymous, so transparency does not compromise privacy

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#3762
  1. Web 1.0 was the first edition of the internet.
  2. A smart contract is a piece of code that controls the release of an asset/transaction.
  3. The code is available to the public.
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#3763

1.What was Web 1.0?

A version of the web where you could only read texts, images & links before Javascript was introduced.

2. What is a smart contract?

Lines of codes that run on the Eth blockchain. Once deployed, they are unstoppable.

3. How is transparency achieved with ethereum code?

When a code is deployed on the blockchain, anyone is able to publicly read it & see what is happening. Hence, you do not need intermediaries/middlemen when you want to conduct financial transactions on the blockchain.

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#3764
  1. What was Web 1.0?

Its the early internet where all you can do is reading text and images and click links. It was not interactive at all. Just pure HTML pages

  1. What is a smart contract?

Smart contract is a piece of code/program that can do things for us according to the conditions that’s written in it. We can deploy it on the Ethereum blockchain. We can program money in it. Its unstoppable and no one can shut it down

  1. How is transparency achieved with Ethereum code?

Since smart contracts code run on Ethereum blockchain, It can not be tampered and transactions can not be changed. Everything is transparent. We don’t have to trust each other for transactions. Its a trustless system, so the transparency is strongly present.

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#3765
  1. The first version if internet with static webpages.
  2. A piece of code that runs on the etherium blockchain.
  3. Everyone can read the code and see how the contract works.
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#3766
  1. What was Web 1.0?
  • Web 1.0 was when the internet had only static web pages.
  1. What is a smart contract?
  • Small pieces of code that run in the blockchain which can hold funds and manages how those funds will be handled.
  • Furthermore, enables a trustless transaction between two parties without relying on a third party but rather what is stated in the Smart Contract.
  1. How is transparency achieved with Ethereum code?
  • In general, all transactions made can be verified in the blockchain. In Ethereum, with Smart Contracts, details on a transaction (and how funds are handled) can be seen and verified.
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#3767
  1. Web 1.0 consisted of static websites. A user could post information in some form. But the website had no ability for apps to be written on top of the base layer.
  2. A smart contract is a transaction on the blockchain that contains parameters that need to be fulfilled in order for the transaction to be processed.
  3. Transparency is achieved by anyone being able to see the ledger and the code associated with it.
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#3768

1.
Web 1.0 was just basic static websites or personal sites. it enables you to put information on the internet for all to see, but only text, images. Web 2.0 is not an upgrade but more of a new way of using the internet with more/other tools like JavaScript and more user friendly.

2.
Smart Contract are basically a program that run on the Blockchain that are programed to executes when the conditions are met. its an agreement between two parties in a form of codes/program. For example 2 people decided to compete for losing 10kg, and the one who first losses the 10kg gets the money. here u dont need a third person or if any of the parties try to cheat or draw back if the agreements programed in such a way when the smart contract got created, so if person A wins he receive the money/prize with or without the other one or anyone for that matter. ( silly example i know :smile: )
Smart Contracts can be used in many things, like in voting, incurrence, financial services, any kind of agreements and the best part there is no third party or no playing around with the rules that already been set in the Smart Contract.

3.
In Ethereum all data is transparent for everybody to see or track(dont trust, verify!), but there are some confidential data that are encrypted in the blockchain and requires a key to decrypt it the data. But just like bitcoin, Ethereum uses its transparency as a security for users.

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#3769

  1. What was Web 1.0? Static websites (text, images, links, etc.)

  2. What is a smart contract? Small pieces of code that runs on a blockchain like Ethereum that, among other things, can own and decide what to do with money/assets. They are programmed in solidity.

  3. How is transparency achieved with ethereum code? Anyone can read the code and verify how it works.

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#3770

  1. Web 1.0 is just static websites with text, images and links. No different accounts or fancy websites we have now.

  2. Code that runs on Ethereum that controls the protocol of money. Anyone can write in Solidity.

  3. Anyone can see what is happening with the money.

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#3771

  1. Web 1.0 is a very boring basic static web.

  2. A smart contract a self executing contracts when the terms & conditions are met.

  3. Consensus thru the network just like bitcoin, it is traceable & irreversible.

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