Homework on Ethereum Intro

Ethereum 101
#3812

Great post man! Keep the good content coming!

#3813
  1. Web 1.0 was the blockchain was a version of the blockchain that had a smaller community and communication capability and did not have JavaScript
  2. A smart contract is a piece of code where you can create programs to do exactly what you want with money and not have to rely on a person or any middle man. You just rely on the network and technology.
  3. By making it easier to do transactions and trust people because you are just relying on the technology you don’t need to know anyone.
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#3814
  1. What was Web 1.0?
    a static website, just images and text, with no capability for interaction with the user.
  2. What is a smart contract?
    a program that started on the ethereum blockchain made to perform certain action after a certain condition is fullfilled and cannot be modified
  3. How is transparency achieved with ethereum code?
    every transaction is visible on the blockchain in a trustless system.
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#3815

1 - Web 1.0 was the beginning of the internet where it was mainly a read only type of interaction between the user and the web and no interactions between parties on the web. It was static and only a way to view information being provided to the user.

2 - Smart contacts a predetermined conditions / obligations that run on Ethereum in order to execute a desired outcome.

3 - Transparency is achieved due to the open and public nature of the network. As each person can view the immutable transactions which are within the blockchain.

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#3816

  1. Web 1.0 was the first generation of the World Wide Web – also known as the ‘read-only web’. There were only static websites on it that allows users to read and consume information, instead of allowing them to interact with each other.

  2. Smart contracts are lines of code that are deployed on a blockchain that automatically get executed once certain conditions are met. Therefore, two parties or users need not rely on a 3rd party or an intermediary for their work.

  3. Smart Contracts are transparent – a) anyone can read the code and therefore understand the terms and conditions of the contract. b) once these contracts are deployed, no one can change or meddle with them. c) don’t require an intermediary to facilitate an agreement between two or more users. instead, these contacts are based on lines of code that people need to trust.

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#3817
  1. Web 1.0 is static pages without JavaScript libraries.
  2. Smart contract is a program that runs on a blockchain
  3. Transparency is achieved as everyone can see the contract and verify what the program does (eg. if you are not scamming people)
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#3818

  1. Web one was a static internet wherein data could only be uploaded or downloaded.

  2. Smart contract is an Ethereum bases solidty code which holds value/ money.

  3. The blockchain allows Ethereum to be transparent and open.

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#3819
  1. What was Web 1.0?
    Static websites…Web 2.0 had js which enabled websites to be interactive.
  2. What is a smart contract?
    Small pieces of code that run on the ethereum blockchain that program money.
  3. How is transparency achieved with ethereum code?
    everything is on the blockchain and we can all see it.
    like btc transactions, we are unable to modify it.
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#3820

  • What was Web 1.0?
    A: is how the internet web browsers operated prior to Java Script - static, simple pages, with photos, text, and hyperlinks.

  • What is a smart contract?
    A: Is a program in a blockchain that will control and own money in accordance to the rules of the program, it is unchangable and secure.

  • How is transparency achieved with ethereum code?
    A: all blocks are transparent in a blockchain and so all contracts will be viewable by logged participants and can be inspected.

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#3821
  1. First iteration of internet, allowed basic viewing of texts and images.
  2. A piece of code that interacts with money programmed only to do things upon certain criteria being met.
  3. You can view the code of each contract you’d like and see exactly what it does.
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#3822

Web 1.0 is a static website with text, images, and links only for reading and sharing.

Smart contract is small pieces of code deployed on the Ethereum network.

Transparency with verifiable technology, that can not change the smart contract and can see transaction sent and received.

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#3823

  1. Ethereum similar to Bitcoin has a PoW however it uses ETHASH and is in developing to switching towards PoS ( Proof of Stake)

  2. Smart contracts on Ethereum is runs across a virtual network of computers instead on a personal computer.

  3. Immutable, Security is enhanced via transparency

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#3824
  1. What was Web 1.0?

Web 1.0 is the first version of the WWW evolution, basically provides static web and limited to read-only information.

  1. What is a smart contract?

Smart Contract is pieces of code that run on the Ethereum blockchain that automate the execution of the agreement if the pre-determined condition are meet without the needs of an intermediary.

  1. How is transparency achieved with Ethereum code?

The transaction and data are available to be traced and audited by authorized individual who has the key of decryption using blockchain technology. With smart contract, users can see what is happening in the transaction, who sends money and who received the money based on the pre-determined conditions agreed.

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#3825

  1. Web 1.0 was a static version of what we experience today on the internet. A web page was simply text, images and links.

  2. A smart contract is a trust less mechanism to exchange value with conditions between 2 parties. Once a smart contract is launched it is unstoppable.

  3. All smart contracts are open source and can be verified by anyone with knowledge of the programming language of Solidity.

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#3826
  1. Web 1.0 is internet based on static websites without user interaction
  2. Smart contract is a unstoppable, transparent pice of code that runs on blockchain - when contract conditions are fulfilled it can create and manage money, NFT and other things on blockchain network
  3. Everybody can see user transactions and interactions with smart contract and the contract code. You can’t change deployed smart contract
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#3827

  1. What was Web 1.0?
    Static HTML and CSS

  2. What is a smart contract? SC is a programm that runs on the EVM. It is programmend in Solidity Once it’s on the blockchain you can’t change it, it is unstoppable. Smart contracts can own money and decide what to do with that money.

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

1 Like
#3828

  1. Bitcoin uses Proof Of Work and runs on SHA 256, where Ethereum uses ethash, and runs on smart contracts. Ethereum also is planning on running on proof of stake in the future, but still currently uses pow.

  2. Smart contracts on Ethereum are read by the EVM (Ethereum Virtual Machine) which prevents the smart contract from deploying code onto the CPU, smart contracts run on a decentralized network.

  3. Running code on multiple nodes instead of just one gives you the benefits of having a more transparent and uncensorable network.

1 Like
#3829
  1. Web 1.0 was the first “version” of the internet, where websites were static, meaning they could only display content (e.g., text, images) without any user interactions
  2. A smart contract is a piece of code running on the ethereum blockchain (or other smart contract platforms) that can hold tokens and make transactions based on the the code (e.g., if certain conditions are met, txs are triggered)
  3. The code runs on the blockchain and is therefore publicly accessible and fully transparent. Everyone can read the code of the smart contract.
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#3830
  1. static websites with only text images and links
  2. programmable contract on Ethereum
  3. everything is open source
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#3831

-WEB 1.0 refers to the first version of the traditional internet. Were the things you could do were limited. It was not Dynamic
-Smart Contract could be defined as an independent code. That can interact with money.
-The transparency works in Ethereum when we see what happens to the money inside the blockchain.

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