Homework on Ethereum Intro

Ethereum 101
#3772

  1. What was Web 1.0?
    The first generation of the internet which was static. You could post text, images and links to other pages.

  2. What is a smart contract?
    A program which handles an agreement of a transaction. If the agreement is fulfilled, the smart contract will release funds to the receiving party. If the terms are not met, the funds will be released to the sender. Using a smart contract means that these agreements will be visible in the blockchain, and therefore cannot be altered or corrupted.

  3. How is transparency achieved with ethereum code?
    All contracts will be on the blockchain, and open for anyone to see.

2 Likes
#3773

1- web 1.0 is first version of web where user can only read and share the information no dynamic content was available their was only image, text, Image and links.
2- A smart contract is a kind of software that runs on blockchain (like runs on Ethereum ) as with blockchain technology every data stores on block so we canā€™t modify or revoke the information once we deployed the smart contract.
3- As this technology rely on decentralised technology so their is no central authority to alter the information written on smart contract basically smart contracts are trustless, decentralized, no central authority, open source software

3 Likes
#3774

1.what was web 1.0.
Web 1.0 was a static 1st layer of the internet only simple txt not dynamic and programmable like web 2.0 wen Java script was added.

2.what is a smart contract.
A smart contract is pieces of coding programmed onto the etherium blockchain deployed with a programmed function that cannot be changed once the contract is deployed.

3.how is transparency achieved with etherium code.
It is achieved as it is written into the code on the etherium blockchain that can be viewed by anyone. the given contract will execute its given purpose as once its deployed it is not able to be altered or changed

1 Like
#3775

  1. Web 1.0 was the first generation of the World Wide Web, basically static websites where javascript was missing

  2. A smart contract is a computer program or transaction that automatically executes transactions on predetermined conditions.

  3. Everyone can verify the transaction, so the security is maintained.

1 Like
#3776

  1. What was Web 1.0?
    The original internet using HTML, which had static web pages with images and links to other web pages.

  2. What is a smart contract?
    A smart contract is a piece of code that is run on the Ethereum blockchain. A smart contract is a programable transaction, which is trustless (relies on math - dont trustā€¦ verify!), removes the middleman (saves money and time) and it cannot be changed.

  3. How is transparency achieved with ethereum code?
    All transactions are visible on the blockchain and they cannot be changed or removed.

1 Like
#3777

  1. web 1.0 was the initial version of the internet where web pages contained static information such as texts and images and hyperlinks.

  2. a Smart contract is a piece of code that runs on the blockchain, where it could be programmed to execute and deliver a specific result based on a given set of conditions.

  3. Similar to the bitcoin network, In Ethereum the data is transparent and available to be traced by anybody but confidentiality can be achieved by encryption. The confidential information is saved on the blockchain in an encrypted format, and the keys of decryption can be shared only with authorized individuals.

1 Like
#3778
  1. Web 1.0 had simple static websites with only images, text, and basic links. With Java script came more dynamic sites, that could allow for more complex displays that may change for each user as well as online chatting. Bitcoin is Web 1.0, Ethereum is Web 2.0.
  2. A smart contract is is programmable code on the blockchain that can actually own and manage money and fulfill transactions. Smart contracts can not be reversed once deployed on the blockchain.
  3. Donā€™t trust, verify. The smart contracts on Ethereum are all open source and therefor everyone can verify that it has been programmed appropriately and will fulfill the desired outcomes if certain criteria is completed. You donā€™t have to trust the person who you share a contract with if the code is what makes the transaction.
1 Like
#3779

  1. It was created with a rudimental HTLM and it was able to include images, text, and some basic features on websites. Itā€™s previous to the use of Javascript where more dynamic features were added, like videos, pop-up comment sections, dynamic pages on the same site, and different displays for multimedia.

  2. Itā€™s a programmed action on a blockchain that is deployed when conditions are met. It can be used for transactions, but also in different social contexts, like healthcare system, government programs, business automation, and so on.

  3. Transparency can be achieved when smart contracts are public, transactions are programmed to be deployed under specific conditions, by eliminating intermediations on transactions, and by using a trustless protocol that minimizes human error and fraud.

1 Like
#3780

  1. Web 1.0 was the first versions of websites. They were static only containing texts, photoā€™s, and links.

  2. Smart contracts are programable blockchains. They are unstoppable ways to implement terms and conditions to a transaction, which allowing users to transact without having trust in one another.

  3. Transparency is achieved by making smart contracts code and terms visible, allowing users to verify the transparency of the agreement.

1 Like
#3781

1- Web 1.0 is the term used for the earliest version of the Internet
2- Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met
3- All the data is transparent and available to be traced by anybody, but the confidentiality can be achieved by encryption

1 Like
#3782

  1. What was Web 1.0?
    Internet with the possibility for text and images
    It was static, no interaction like chats or accounts

  2. What is a smart contract?
    A smart contract is a transaction with little pieces of code programmed into it, that conducts how the contract behaves. This is unchangable.

  3. How is transparency achieved with ethereum code?
    Once a smart contract is added to the blockchain you ca nnot change it , for every change there is made in a SM or transaction on the blockchain will change the hash .

1 Like
#3783

  1. Web 1.0 was the internet before the javascript scripting language. It allowed for only basic features and you could not perform dynamic actions based on particular users of a site

  2. A smart contract is a programmable agreement on the blockchain. Using code you can setup certain criteria or parameters to perform a certain action with the blockchain currency.

  3. Since Ethereum utilizes blockchain technology and smart contracts any user can see what is going on with the code. It is essentially open source.

1 Like
#3784

  1. It was simple interface static websites that only had text, images etc.

  2. Itā€™s a program running on a blockchain like Ethereum that automatically executes financial transactions based on its programming.

  3. Itā€™s achieved through the immutability and accessibility of the blockchain - ā€œCode is Lawā€.

1 Like
#3785
  1. What was Web 1.0?
    ans: boring static internet with 3 features only ie text, image, link at best
  2. What is a smart contract?
    ans: Ivan hates the name smart contract, but OK, SC is a platform where trustless transactions can be done and authenticated with absolute transparency and cannot be doctored or reversed
  3. How is transparency achieved with ethereum code?
    ans: as the old saying goes ā€œnumbers donā€™t lieā€ but people do. All transactions on ETH are publicized and can be viewed by anyone through etherscan or explorer.
1 Like
#3786
  1. Web 1.0 was just information based not interaction based.
  2. A smart contract is a programmed contract embedded on top of the blockchain running it. Thereā€™s no middlemen and the fulfilment of such contract is based on the code written in it, which cannot be changed.
  3. Through smart contracts that basically uses blockchain and all its features such as Immutability and Decentralization.
1 Like
#3787
  1. Web 1.0 was the first iteration of websites on the internet. Static web pages that looked and worked the same for everyone.
    2 A smart contract is code that is ingrained in the blockchain. Once it is on the blockchain it cannot be altered, changed or removed.
  2. Transparency is achieved through making the smart contract code visible to everyone. The rules are set and available for everyone to observe therefor giving 100% transparency.
1 Like
#3788

  1. What was Web 1.0?

    The time when the internet supported only static content

  2. What is a smart contract?

    Itā€™s a program that controls the money on someelseā€™s behalf.

  3. How is transparency achieved with ethereum code?

    Itā€™s verifiable and impossible to change.

1 Like
#3789
  1. Web 1.0 is the web without any dynamism to it.
  2. It is a piece of code on the blockchain.
  3. Using smart contracts that exist on the blockchain and that cannot be changed or corrupted and are trustless and able to be viewed by anyone.
1 Like
#3790
  1. Web 1.0 refers to static websites capable only of text, images, and links. Reading and sharing of info is the main use of web 1.0
  2. A script that defines some rules for what is going to happen with the money in a wallet. Different things can be programmed to happen with money under different conditions and outcomes.
  3. Code is publicly available on blockchain everybody can check it.
1 Like
#3791

  1. It was the first instance of the Internet. It consisted of simple, static web pages, consisting of text, images and links.

  2. It is a program or a piece of code recorded on the Ethereum blockchain.

  3. Since the code is recorded on the blockchain it is public for anyone to see. Once recorded it cannot be changed and it will stay on the blockchain forever.

1 Like