Homework on Ethereum Intro

Ethereum 101
#583
  1. What was Web 1.0?

Web 1.0 was read only web.
You could search for information and read it.

  1. What is a smart contract?

A smart contract is a self-executing program/contract
written to interact with a blockchain.

  1. How is transparency achieved with Ethereum code?

Naming and functions in Ethereum have become standardized
so as to make tracking from clause to clause less confusing
as well as making the contracts more interoperational,
except I think I’ve read inheritance is no longer a possibility
on Ethereum?

Also, because of the immutability of smart contracts,
participants in the contract do not have to worry that
another person will go in and alter the terms of the contract.

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#584

  1. Web 1.0 was just the very basic version of the web we have today. you could only ready text view pictures and links. there was no such thing as stuff like live chats and such.

  2. A smart contract is just a contract that needs to be fulfilled in order to receive a certain transaction. once the contract is in place it cannot be rescinded.

  3. Transparency is achieved in Ethereum code because anyone can view this code. This allows anyone to view it and verify everything.

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#585
  1. Text, pictures, links
  2. A programmable contract that can own and spend money if some independent criteria are met.
  3. Every transaction is public.
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#586

  1. Web 1.0 was the beginning of the internet, static meaning it was only text, links and images.

  2. A smart contract is software code on the block chain that executes a money transaction once certain requirements are met. It’s “programmable money.”

  3. Transparency is achieved by the decentralized ledger. Anyone with a computer can verify that the code is working properly at any given time.

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#587

1 - What was Web 1.0?

Web 1.0 is static text, images and links.

2 - What is a smart contract?

A smart contract is small program that run within the Ethereum virtual machine. It is a programmable asset that cannot be reversed, modified or stopped. The smart contract decides what to do with the assets and not any individual.

3 - How is transparency achieved with ethereum code?

A smart contract cannot be reversed, modified or stopped. The smart contract decides what to do with the assets and not any individual.

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#588

  1. Web 1.0 was a very simple version of web pages with the ability to use only images, text and links.

  2. A smart contract is a transaction on the blockchain that will only happen once the pre-set parameters of the contract are met.

  3. The Ethereum code eliminates the need for trust as the contract written in the code is available for both parties to verify and as it is only the blockchain it is immutable.

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#589

  1. Web 1.0 showed static boring websites with text images and links.

  2. Smart contracts are small pieces of code that run on the ethereum network by writing code on Solidity.

  3. We don’t have to interact-trust an escrow service. I can do my financial transactions on the blockchain without intermediaries. You can now create services that can handle money in a decentralized way, with increased transparency, perfect for govt projects to stop and root out corruption. You cannot change how the contract behaves; it is ingrained in the blockchain. It helps remove middleman, makes a trustless system and allows us to do business with anyone by putting our trust in the technology.

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#590

  1. Web 1.0 was limited in functionality to things like text, images and links. The introduction of javascript allowed for way more features to be added to websites.

  2. A smart contract is a program which can be compiled in solidity and executed on the ethereum blockchain securely and trustlessly.

  3. Transparency is achieved by having the transactions of smart contracts publicly accessible on the blockchain for anyone to audit.

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#591

It was the era when on the internet the websites were only static (they were called as “read-only” website).

Is a piece of code (for ETH based mostly on solidity programming language) that run on Ethereum and others dynamic/programmable blockchain 2.0 (Like EOS and others.) . You can have an output that is given (automatically) only from an input + specific condition to trigger the output. For example i could program a smart contract in way that a student of the academy must receive 1 ETH every time a course in the academy is completed. This as running on the blockchain would not be able to be manipulated or blocked.

Cause everyone can see transactions and the detail of the smart contract in the blockchain, also as mentioned before the blockchain cannot be manipulated/stopped/altered in any way.

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#592
  1. First version of how internet worked. It was able to present only static content (there was no JavaScript).
  2. It is a peace of code deployed on the ethereum blokchain.
  3. Ethereum code is publicly vievewable and no one can change it once it has been deployed.
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#593

2. What is a smart contract?

Quite close sir, but an smart contract is not a transaction, the transaction is the result of the operations within an smart contract, when you interact with an smart contract, the result of that interaction will be a transaction that specified what operations you have done within it.

Hope this gives you a clear view of the subject, keep learning! :slight_smile:

Carlos Z.

#594
  1. The first version of the web. Where there was only static pages and stuff to read.
  2. It is a small program or piece of code that is recorded on the blockchain permanently and can be executed by send transactions to the blockchain.
  3. Everything recorded on ethereum can be verified publicly by anyone.
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#595
  1. What was Web 1.0?
    Web 1.0 was a very simple version of web pages with the ability to use only images, text and links.
  2. What is a smart contract?
    A smart contract is a transaction on the blockchain that will only happen once the pre-set parameters of the contract are met and cannot be altered or reversed.
  3. How is transparency achieved with ethereum code?
    The Ethereum code eliminates the need for trust as the contract written in the code is available for both parties to verify and as it is only the blockchain it is immutable. You cannot change how the contract behaves; it is ingrained in the blockchain. It helps remove middleman, makes a trustless system and allows us to do business with anyone by putting our trust in the technology.
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#596

Web 1.0 was static with only text, images and links
A smart contract is programmable money
The contract is visible to all and cannot be altered

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#597

  1. Web 1.0 was the first iteration of the internet. You could only display text, images, and links.

  2. Smart contracts are small bits of code that can be programmed to automatically transfer money when certain criteria has been met.

  3. In smart contracts, the programmed data is visible to anyone who wants to see it. Because of that, most likely governments will implement smart contracts in the future.

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#598

1. What was Web 1.0?
Static websites, limited functionality

2. What is a smart contract?
Small pieces of code running on the ethereum network

3. How is transparency achieved with ethereum code?
A smart contract is immutable and can be verified.

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#599

What was Web 1.0?

  • Web 1.0 was the first version of web: static and non interactional

What is a smart contract?

  • A smart contract is a small blockchain protocol, is like a transaction (or a series of transactions) that happen only when some conditions are satisfied, i.e. when my son got a good grade in school he receive some money

How is transparency echieved with ethereum code?

  • Transparency is achieved thanks to smart contracts: they are already programmed and someone can check it to effectively look at conditions and transaction info.
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#600

2. What is a smart contract?

Quite close sir, but an smart contract is not a transaction, the transaction is the result of the operations within an smart contract, when you interact with an smart contract, the result of that interaction will be a transaction that specified what operations you have done within it.

Hope this gives you a clear view of the subject, keep learning! :slight_smile:

Carlos Z.

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#601
  1. Web 1.0 was the initial website layout providing simple text, images and links.
  2. A smart contract is small pieces of code that run on the Ethereum Blockchain via a programming language called “Solidity.”
  3. Transparency is achieved with the ethereum code due to there being no middle man and anyone can see who is sending or receiving TXs going to and from the contract.
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#602

OK, thanks Carlos. Got it.

Cheers

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