Homework on Ethereum Intro

[cougarpilot]

1. WEB 1.0 was considered a read-only web, meaning that it was not interactive in any way as it was mainly a source of information and research. It was mainly composed out of statig web pages that only used text, images and hyperlinks. It was used to read and share information.

2. A smart contract is a code that runs on the Ethereum blockchain. It is designed to be transparent and they are used to program rules on money or any other asset. A smart contract is secure as it is almost impossible to change the rules as it would be a challenge similar to what changing a transaction information in a BTC blockchain block is.

3. Transparency is achieved by making the code public, so anyone can see how a smart contract works, what does it do and what is it doing at all times.

[Alexlane8]

1. Web 1.0 is pre Java Script when websites were static . The websites were viewing and sharing and not capable of what the web is capable of doing now.

2. Smart contracts are small pieces of code that define agreements between sender and receiver that is put on ethereum platform. It is unstoppable and unchangeable

3. Anyone can see the code and transactions making it transparent. Once it is on the blockchain it cannot be changed, stopped, or reversed. There doesn’t need to be trust because everything can be verified.

[Coinduke]

1. Web 1.0 marks the first phase of the Internet. It was mostly characterized by static text and images. Web 1.0 pages had hyperlinks but only rudimentary interactivity if at all, only as far as early HTML allowed. Because the HTML in Web 1.0 lacked a scripting language such as JavaScript. The static nature of Web 1.0 pages towards both users and servers is the main difference to Web 2.0 pages. The latter are dynamic, i.e. pages change for users as well as the corresponding files on servers do.
2. A smart contract is computer code (a program) stored in a blockchain, that directly controls the transfer of digital currencies or assets between contracting parties under certain conditions. A smart contract not only defines the rules related to an agreement in the same way as a traditional contract, but can automatically enforce those obligations. Blockchain-based smart contracts help make business and other transactions more secure, efficient and cost-effective.
3. With Ethereum code, transparency is achieved by the key pillar “Don’t trust: verify”. Ethereum is an open ledger that enables anyone to read and verify all the transactions, smart contract code and other activity of the past and present. It is a trustless environment that doesn’t require a central entity to ensure the network’s security. Ethereum transactions and smart contracts are immutable, so no corrupt party can change them.

[Kenneth_Bohr]

1. Web 1.0 was when websites were static and could only read/write text, images and links.

2. A smart contract is a piece of code that runs on the ethereum blockchain. It is unstoppable, transparent, and can automatically decide what to do with money.

3. Transparency is achieved by using smart contracts because no one can alter its behavior. Its execution is engraved on the blockchain.

[Synthesi]

1. Web before Javascript. Very simple form.

2. Code that allows things to happen in a trustless permission less manner.

3. The smart contract code can be viewed/inspected and is visible on the blockchain.

[mzepeda]

1. the first internet with static webpages
2. a contract that is coded and will complete the transfer once conditions are met.
3. everyone can see the contracts and interactions.

[Ashcroftcha]

1. What was Web 1.0?
– First ittaration of the internet
– Static web pages (Text, images and hyperlinks)
– Not interactive

2. What is a smart contract?
– A contract that establishes terms of an agreement
– The terms are executed by code running on a blockchain
– Take advantage of blockchain security, reliability, and accessibility
– Offer sophisticated peer-to-peer functionality

3. How is transparency achieved with Ethereum code?
Smarts contracts make commercial relationships trust-less, transparent, and eliminates the need for a third party.

[Stormingfox]

@filip

1. What was Web 1.0?
2. What is a smart contract?
3. How is transparency achieved with ethereum code?

1. With Web 1.0 you could only share information, text, images, links.

2. A smart contract is like a Vending machine, it outputs if predetermined conditions are met. It is unchangeable.

3. Transparency is achieved because anyone can see the code, how things work, where funds are, etc. It is Trustless because you can verify it yourself.

[fchmonarch]

1. Web 1.0 was static. Users could post and read information through links and images and text, but there was no social interaction.

2. Smart contracts are programmed transactions on a blockchain and they are transparent and irreversible, thereby eliminating the necessity of trust.

3. Transactions are on a public ledger and performed according to code and are irreversible.

[Stormingfox]

Good Work, I like how you reiterated the point of trustless transactions

[Stormingfox]

Spot on as always Kenneth

[RJG_101]

1. What was Web 1.0?
   Web 1.0 was the first iteration of the internet where data can be found/shown and is under the control of one party. The types of data
   generally made available include text, images, and links.

2. What is a smart contract?
   A smart contract is a program that has been coded to execute a specific command only if/when the pre-programmed execution input is met.

3. How is transparency achieved with ethereum code?
   Transparancy is acheived with the ethereum code by 1. having all transactions made publicly available and 2. by requiring that all nodes check
   and verify transactions, meaning that there is more scrutiny and validation.

[irwingtello]

1. What was Web 1.0?
   Static sites

2. What is a smart contract?
   Programmable pieces of code

3. How is transparency achieved with ethereum code?
   We can see the transactions on the blockchain and we can’t go back to undo the transaction

[irwingtello]

1. What does the EVM do?
   Encapsulate the code in the bytecode and then this it’s started to the Ethereum network
2. What is the format of the instructions that the EVM can read?
   ByteCode
3. What is the relationship between the programming language Solidity and Bytecode?
   After we coded on solidity,the compiler transcript this code to bytecode
4. Why can’t Bitcoin run the same type of complex programs like Ethereum can?
   Because bitcoin it’s like the digital gold and are different standards
5. What is a Turing Complete programming language?
   When all the problems about the world can be solved,bitcoin it’s not turing complete because don’t have loops.

[Juraicg]

1. What was Web 1.0?
   The first internet, that was very simple and static

2. What is a smart contract?
   programs on the blockchain that once made will do whatever is written without error

3. How is transparency achieved with ethereum code?
   No middlemen, trustless, and decentralized

[Frosty00]

1. Web 1.0 was the first version of the web we know today. It was limited to static webpages with text, images and hyperlinks.

2. A smart contract is a piece of code that runs on the blockchain, it can be triggered by real world events to hold and distribute money as it is told to.

3. Transparency is achieved by ethereum code by being open source. Anyone can view the code of smart contracts on the blockchain and verify it does what it is supposed to do.

[rln8312]

Web 1.0 was static. Before Java Script was added you couldn’t interact with a website.

A smart contract is a small piece of code that allows interaction with the blockchain.

Once information is added to the blockchain anyone can read it and no one can change it.

[Jenski]

1. Old websites before mixed with java, they are static, only uses text, images and links

2. Smart contract is adding rules to your transaction that can’t be changed, once its set in action

3. you can verify with the blockchain,

[Thoms]

@filip

What was Web 1.0?

Web 1.0 is the first and static form of the internet. It served mainly as a tool for proviong information. No interaction in the form of chats or social media were possible.

@filip

What is a smart contract?

A smart contract is a small programme filled with codes. It is unstoppable and executes the codes just as programmed.

@filip

How is transparency achieved with ethereum code?

Smart contracts on the ethereum network are publicly open and everyone can read the codes. This enhanced transparency.

[Ahmad_Abd_Allah]

1- Web 1.0 was just websites with texts, images, and link, and with very limited interactions.

2- A smart contract is a programmed code written in solidity, that holds money waiting for a specific event to release the money.

3- The smart contract is visible for everyone on the chain, so anyone can verify the TXs