Homework on Ethereum Intro

Ethereum 101
#383
  1. What was Web 1.0?
    Web 1.0 is that era of the internet where all you get is static websites that can only display texts, images, and links.
  2. What is a smart contract?
    Smart contract are small pieces of code that can run on the Ethereum by using the Solidity programme. Smart contracts are unstoppable, you can see who owns and receives money on smart contracts.
  3. How is transparency achieved with ethereum code?
    Transparency means that whatever that is happening in Ethereum is transparent that everyone can see what is happening with the money. This possible because, no one can go back to smart contracts and change anything.
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#384

Web 1.0 was when websites were not yet interactive and only offered a written information on them

Smart contract is blockchain infused with program that executes itself once predefined conditions have been met

transparency is achieved with everyone being able to look into the code on the blockchain and verify it themselves?

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#385

  1. It is the internet with websites which only has text and static pictures.

  2. it is data (B) on the blockchainā€¦so you can take your money and program it to execute when certain conditions are met.

  3. Its on the blockchain and the blocks are linked to each other threw previous and current data. These blocks are confirmed and propagate with nodes and confirmed by miners. This makes the contracts immutable. These transaction are open to be viewed by everyone therefore creating transparency and therefore eliminating fraud centralization or favoritism

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#386

  1. Web 1.0 is the early form of the internet before Java, internet sites were limited to text or images only.

  2. A smart contract is a program that runs on the Ethereum blockchain. It is used like any contract in traditional settings except it isnā€™t reversible and doesnā€™t rely on trust of a third party to follow the contract. The code executes the contracts when conditions have been met no matter what.

  3. Just like in the Bitcoin blockchain or blockchain 1.0 every transaction is visible to anyone who wants to look at it. This includes any transactions themselves along with any smart contracts.

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#387
  1. What was Web 1.0?
    Static websites which could only show text, images, links.
  2. What is a smart contract?
    Smart contracts are small pieces of codes that run on ethereum.
  3. How is transparency achieved with ethereum code?
    Smart contracts are visible to everyone. We trust technology instead of trusting each other.
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#388
  1. What was Web 1.0?
    Static - text, image, link
  2. What is a smart contract?
    Programmable contract that uses the program Solidity. It does not require a third party or trust in an intermediary
  3. How is transparency achieved with ethereum code?
    It is able to be viewed by anyone making it transparent and trustless
#389
  1. What was Web 1.0?

It was the first generation of websites, which are known for being static and its lack of interaction between users. It could bear only texts, images and links.

  1. What is a smart contract?

A smart contract is a small piece of code which runs in the Ethereum Blockchain thanks to Solidity and can own and manage money through coding.

  1. How is transparency achieved with ethereum code?

Ensuring that everyone is capable of verifying the smart contracts. Besides this once the smart contract has been deployed itā€™s not possible modify.

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#390

1 - static web sites
2 - small pieces of code (eg solidity) that can be programmed to hold and execute instructions about what to do with money
3 - the transactions in the blocks on the blockchain are still viewable and noone can change them

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#391
  1. What was Web 1.0?
    It consist of text, image and links
  2. What is a smart contract?
    smart contract are applications or programmed blockchain that run on the ETH.
  3. How is transparency achieved with ethereum code?
    you can verify all transaction in block chain
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#392

1- Web 1.0 was a static type of internet, where you could only exchange information it was the first internet before java script came along and made web 2.0.

2- A smart contract are small pieces of code ( coded using Solidity) that run on the ethereum blockchain, smart contracts can own and decide what to do with money.

3- We achieve transparency, because itĀ“s really hard or almost impossible to alter a smart contact once its on the blockchain, you can see the transaction that its carrying and you can always check what its doing. So because of this we have no middle man, becoming a trust less system

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#393

  1. Web 1.0 was the beginning of the internet. There were just static website with text, links, images and so on and so forth. There were nearly no possibilities to interact with. With the introduction of javascript web 2.0 was born. Websites are now dynamically programmable and can adapt to users.

  2. A smart contract is an autonomously working small program (lines of code) which cannot be changed and everybody has access to it or better so say can look at the content of it. That means we have high transparency and donĀ“t need to trust any intermediaries anymore. You can have a look into the smart contract and you see how it works. A smart contract handles money (value or whatever) completely alone and in the code it is written when and how this money(or whatever) is being released or what will happen to it if certain conditions have been met.

  3. Everyone can have a look into the code and see how it works. Nobody can change how a smart contracts works. Ones it is created and run you cannot change the behaviour. Analogous to bitcoin, you can see everything what happens in the ethereum network or what is inside the ethereum code (smart contracts). There is no need to trust anyone, you only have to trust in math and yourself being able to understand what the code is doing.

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#394

  1. Web 1.0 was very limited compared to how we use the web nowadays, because all it could do was showing text, images and links.

  2. A smart contract is code written in the blockchain 2.0, which allows it to hold any sort of value and transfers it automatically once a predefined condition is met. The value can not be taken out of the programmed contract until the conditions are met.

  3. Ethereum code is visible on the blockchain and can be read either publicly or by involved parties. This way everyone can look up and verify the rules written in the smart contract.

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#395
  1. It is a basic way to put information on the internet. Not many options for upgrades.
  2. Smart contract is contract that is programmed and then uploaded to the blockhain network so it cannot be changed.
  3. Everything can be verified and we donā€™t trust other people, we trust math and the blockchain.
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#396
  1. Web 1.0 was static internet pages that only had text, pictures and links and you couldnā€™t interact with it in dynamic way.
  2. Is a piece of code that runs on the blockchain that is transparent, eliminates middlemen, enable you to program assets and is irreversible.
  3. Transparency is achieved as anyone can read the code that a smart contract uses and verify for themselves what the smart contract will do.
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#397
  1. Web 1.0 was the first phase of the internet. It was static and not interactive. Limited to text and images. There was no chat and no accounts.
  2. A smart contract is a trustless agreement built on a blockchain which will automatically execute once specific conditions have been met.
  3. Transparency is achieved because anyone can see the transactions and know the conditions of the agreement.
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#398

  1. When the internet was first introduce to the world the only thing people could do in Web1.0 was Text, Images and Links.

  2. Small pieces of code that run on Ethereum blockchain under a programmable language called Solidity.

3.Because is a decentralised open source code and that nobody canā€™t reverse a transaction.

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#399

  1. Web 1.0 featured web pages consisting of static text, images, and links.

  2. A smart contract is a program on the Ethereum blockchain that stores money and releases it automatically only when pre-programmed conditions are met.

  3. Transparency is achieved with Ethereum because anyone can read the code because itā€™s appended indelibly on the blockchain.

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#400

It is static websites than can only display text and images.

It is a small piece of code, written in solidity, running on the Ethereum network. The smart contract can receive funds and then automatically decides who gets the funds.

Everybody can check out the smart contract on the blockchain and see who sent funds to it and who reveived funds from it.

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#401

1
During the web version 1 the websites had no chat or social-media interaction, no interaction in general. Just informative content to read.

2
The smart contract is a software in the blockchain (then unmutable and unstoppable) capable of addressing transactions: It can own money (tokens) and it distributes it following programmed conditions.

3
The data in the smart contracts (thanks to the block chain) cannot be altered and everyone can visualize their state every time, so no one can alter them for particular advantage.

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#402
  1. Internet before java script was introduced i.e. could only develop web pages with text, pictures and links.
  2. Programmable contract which is deployed on the blockchain. It auto executes a function (e.g. distribute locked funds in the contract to someone) based on predefined conditions.
  3. Transparency is achieved in Ethereum same as Bitcoin, public blockchain where data is immutable and end-to-end audit trail is available to anyone.
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