Homework on Ethereum Intro

Ethereum 101
#4072
  1. What was Web 1.0?

Static pages just including texts, images, and links

  1. What is a smart contract?

A smart contract refers to a small piece of unstoppable code that run on blockchain.
Solidity is the language used in Ethereum.
You can program transactions from smart contract.

  1. How is transparency achieved with ethereum code?

A smart contract makes a rule that shows how transactions are triggered. Everyone can see the rule.
A smart contract is not editable once it’s uploaded.

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#4073

1. What was Web 1.0?

Static, text, images, and hyperlinks.

2. What is a smart contract?

Small pieces of code using Solidity deployed on the Ethereum network. It is decentralized, unstoppable, transaction are transparent, hold money, and decide what to do with the money. Programmable assets.

3. How is transparency achieved with Ethereum code?

The blockchain enables transactions both send and receive to be visible. Code is also visible.

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#4074
  1. The first revolution called internet where sharing a text plain of document was a great achievement
  2. Smart contract is a code which represents a real objects that are stored in a blockchain, having their own attributes and behavior, since they reside on a blockchain they will be immutable
  3. Smart Contracts are piece of code which are available to everyone
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#4075

  1. What was Web 1.0?
    Read-only web.

  2. What is a smart contract?
    Is a piece of code stored on the blockchain (i.e. ETH) that will execute under specific conditions.

  3. How is transparency achieved with ethereum code?
    Code can be audited and is immutable

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#4076
  1. It was the first stage of the world wide web evolution.
  2. A smart contract is a computer program.
  3. Anyone can see and inspect the elements of each transaction.
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#4077
  1. What was Web 1.0?
    [Ans] It was the initial stage of connected computers and applications that could serve only static contents/media - basic text/image/link. There was no provision for interactive applications like - chat/social media, because of lack of dynamism
  2. What is a smart contract?
    [Ans] Smart Contracts are pieces of code that can implement business logic related to the management of digital money and asset. The whole logic can be programmed and installed on blockchain like Ethereum which can make them an autonomous unit of programmable business logic. Just like Digital coins, these programs can not be modified/changed and the transactions executed by them can not be reversed.
  3. How is transparency achieved with Ethereum code?
    [Ans] It is similar to digital coins(bitcoin) and has a similar process in which the smartcontract are can not be stopped and their transactions can be reversed. These programs and their transactions can be verified and validated in the same manner as any digital coin.
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#4078

  1. What was Web 1.0?
    This is first version of the internet.

  2. What is a smart contract?
    they are small pieces of code that runs on the ethereum blockchain.

  3. How is transparency achieved with ethereum code?
    Transparency is achieved with ethereum code which make up the smart contract on the ethereum blockchain.

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#4079

  • What was Web 1.0?
    Presentation of static web sites (text, images, links).

  • What is a smart contract?
    It is a piece of code running on the blockchain which will be assigned a certain amount of crypto and decides who and when the money will be distributed.

  • How is transparency achieved with ethereum code?
    In the same way the blockchain 1.0 (Bitcoin) is transparent because the blockchain is public, the code of the smart contracts is visible to everyone on the blockchain.

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#4080

What was Web 1.0?
Basic web pages, pictures, no interaction or login functionality.

What is a smart contract?
A self-executing piece of code that is trust-less and activates when a certain set of pre-determined conditions are met or time has lapsed.

How is transparency achieved with Ethereum code?
All information of transactions is public and visible for anyone to see. It’s entirely in the public domain.

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#4081
  1. the beginning of the internet where you could only send and receive text
  2. a contract once agreed on and added to blockchain can not be changed
  3. everyone can see what is going on with the smart contract
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#4082
  1. Static website
  2. piece of code living in the blockchain
  3. once it’s uploaded, we cannot change it. Everyone knows what it will do. So it became trust program.
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#4083
  1. What was Web 1.0? IT is internet with plain text and pictures,
  2. What is a smart contract? Small pieces of contracts that run on the blockchain.
  3. How is transparency achieved with Ethereum code? Solidity is programming language used for smart contracts and is opne for anyone to see the transaction.
1 Like
#4084
  1. What was Web 1.0?

It’s a simple website, where all user can do is only read text, no chats, nothing.

  1. What is a smart contract?

It’s a code that runs on blockchain. Because it runs on blockchain it’s trustless and lets you build trustless apps.

  1. How is transparency achieved with ethereum code?

Ethereum blockchain runs on open internet, everyone free to excess any time, and check any peice of data in it.

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#4085

  1. What was Web 1.0?
    Basically, it was the first release of the web, with static web pages that could not collect data dynamically. First gen web pages could only display their data for the browser to read.

  2. What is a smart contract?
    Coded capabilities nested within Ethereum 2 crypto. If/then conditional statements that will release the crypto only when the requirements are met. Very cool.

  3. How is transparency achieved with ethereum code?
    Since all the smart contract data is retained in the block chain, then anyone can examine and verify the contract terms were met.

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#4086

  1. What was Web 1.0?
    Static websites that were out when the internet first arrived. Simple text, images and maybe some sounds but nothing interactive. No chat capabilities, videos or ability to buy/sell like we have now.

  2. What is a smart contract?

A programmable contract where you can set rules that will guide what will happen without the need for a third party/middle man

  1. How is transparency achieved with ethereum code?

The code is transparent and visible to everyone. Ethereum is also a decentralized blockchain in which there is no central entity that can hide/change things without consensus agreement

1 Like
#4087

  1. What was Web 1.0?
    => It was a static web, there were only static text, images and links. No chats, no blogs, no user-generated content.

  2. What is a smart contract?
    => It is a contract that can be programmed over the blockchain. These contracts, for instance, can specify post-conditions (such as give money to someone) when certain pre-conditions are met (someone got good grades).

  3. How is transparency achieved with ethereum code?
    => Transactions are registered in the blockchain (where they cannot be tampered with) and made available to the interested parties.

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#4088

  1. Web 1.0 was the ability to share information and text via links.

  2. A smart contract is code on the blockchain via solidity that is unbreakable. It allows you to program certain behaviors that can be contingent on certain conditions being met.

  3. Transparency is achieved with ethereum code via consensus. Similar to how you have miners on the BTC network, transactions are validated and immutable.

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#4089

1. What was Web 1.0?

Web 1.0 was the age of static websites. They only showed text, links and images.
Web 2.0 is when website became programmable through JavaScript.

2. What is a smart contract?

A “Smart Contract” is a small piece of code that runs on the blockchain.

3. How is transparency achieved with ethereum code?

Through the decentralised nature of the ethereum network, the different nodes running the EVM reach consensus on what the outcome of a smart contract should be.

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#4090

Hi, these are my answers:

1. What was Web 1.0?
All websites are static, read-only without interaction

2. What is a smart contract?
Small piece of code runs on Ethereum blockchain

3. How is transparency achieved with ethereum code?
By using Proof of Work

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#4091
  1. What was Web 1.0? : The first version of the internet that only allowed plain text, images, and links.
  2. What is a smart contract? : A small program that allows users to customize what happens to their money.
  3. How is transparency achieved with the Ethereum code? : Everyone can have a copy of the blockchain and transactions cannot be edited or erased.
1 Like