Homework on Ethereum Intro

  1. What was Web 1.0?
    Web 1.0 refers to the first stage of the worldwide web which was made up of web pages connected by hyperlinks. Web 1.0 was a set of static websites not yet providing interactive content.

  2. What is a smart contract?
    Smart contracts help you exchange money, property, shares, or anything of value in a transparent, conflict-free way while avoiding the services of a middleman.

  3. How is transparency achieved with ethereum code?
    You can’t change or reverse the smart contract. It is trustless.

1 Like

1.What was Web 1.0?

Web 1.0 was the first generation of IT networks that could only have static web pages, basic text and fonts, images, and links

2.What is a smart contract?

A piece of code that run on the blockchain.

3.How is transparency achieved with ethereum code?

Ethereum benefits from the trustless properties of the blockchain.

1 Like

1. What was Web 1.0?

It was made by static web pages, with text hyperlinks and image. Very limited interaction from the user.

2. What is a smart contract?

Small pieces of code in solidity language running on the blockchain. They can allow a definite agreement between parts becoming immediately executive once the contractual conditions are fulfilled. Real “money .exe”

3. How is transparency achieved with ethereum code?

Absolutely transparent and visible on the blockchain. So further than the directly involved parts the smart contracts can avoid the trust even from third parties not directly involved, like in the case of public administration contracts.

If you enjoyed these definitions I attempted to make compact and easy, please leave a like!

1 Like
  1. What was Web 1.0?
  • Web 1.0 was the web before Java Script was introduced that made programmable web pages possible.
  1. What is a smart contract?
  • A smart contract is a programmable blockchain.
  1. How is transparency achieved with ethereum code?
  • Ethereum has the same level of transparency as btc, but Ethereum is programmable.
1 Like
  1. Web 1.0 was original web, before Java Script, were you could only do a few things i.e. post text, images, links… but nothing much more, nothing dynamic and adaptive.

  2. A smart contract is a small piece of code that runs on the ethereum blockchain and that dictates the rules for programmable money: i.e. insert X$ in the SC, if A happens, outcome: money goes to M, if B happens, outcome: money goes to Y.

  3. The ethereum blockchain is like bitcoin in the sens that it is a public ledger, anyone can check the blockchain and the code to verify what is written.

1 Like
  1. Web 1.0 was when the internet launched and you could only do easy things such as share information with just text, maybe some images etc. There was no javascript to make websites with chats etc.
  2. A smart contract is a contract you program to for example deliver money if your child pass in school. The only way to get your money is back is if your child fail school.
  3. You dont have to trust third parties, you can basically trust anyone just using trusting the technology. Lets say you wait for an apartment through the government, then it would not be possible for employees in the government to put others in front of the queue. And this is achieved by the blockchain and anyone can check the blockchain if its changed or not.
1 Like

1.Web 1.0 was the internet which contained only websites which were static, showing only text, images and links. There was little or no interaction possible.

2.A smart contract is a piece of code which runs on the Ethereum blockchain. The contracts contain rules for the automatic execution of certain actions under particular circumstances. Once on the blockchain these rules cannot be changed.

3.Transparency is achieved with the Ethereum code by making the blockchain open source. Anyone can view the contracts, and transactions can be verified. There is also no third-party (middle men) involvement.

1 Like
  • What was Web 1.0?
    web 1.0 was based on static web pages. You can do only the simple things.
  • What is a smart contract?
    A smart contract is a program stored on the blochckain
    we can interact with it without having to trust anyone else
  • How is transparency achieved with ethereum code?
    Ethereum blochckain is public so we can read smart contract/ transaction with a block explorer. No one can cheat the system, it cannot be changed.
1 Like
  1. What was Web 1.0?
    Is was the earlier day of the internet where pages were static and had only text, images and links. it is used here to compare the bitcoin block chain to the etherium blockchain where the bitcoin block chain is like web 1.0 and etherium being dynamic and programmable to web 2.0

  2. What is a smart contract?
    A smart contract is a piece of code that runs on the etherium blockchain that can own and decide what to do with money

  3. How is transparency achieved with ethereum code?
    The code public and does not require middlemen therefore not prone to hidden agendas and can be trusted

1 Like
  1. Static sites, pre-JS
  2. Scripting that allows currency to control itself.
  3. The smart contract is readable to anyone/everyone.
1 Like
  1. What was Web 1.0?

Web 1.0 was a simpler time, a happier time, full of blinking text, and insane wallpapers, playing games on the microsoft games platform and using basic html. Scripts were completely optional and vbscript was just as valid as javascript. Web 1.0 was just as sketchy as blockchain is today, with your choice of a thousand search engines, a million warez files, chatrooms and 3D virtual reality websites (whatever happened to those?). And everyone was anonymous!! Ahh yes… those were the days, what was the question again?

  1. What is a smart contract?

A smart contract is a program that can be added to the blockchain. This program can hold and manage money, and is completely programmable to set conditions for its execution. A smart contract is trustless and transparent, as well as independent from any authority.

  1. How is transparency achieved with ethereum code?

Transparency is achieved with ethereum code because the code is written to the blockchain and freely available. Any interested party can view the code and confirm the requirements for a smart contract that must be met.

1 Like
  1. What was Web 1.0?
    Non-dynamic or static web pages or content

  2. What is a smart contract?
    Executable code programmed to perform some function in the etherium blockchain.

  3. How is transparency achieved with ethereum code?
    the smart contract can’t be altered and everything can be seen.

1 Like
  1. Were static web sites. There were not dynamic.
  2. It’s a peace of code that allows us to handle data (money).
  3. The network can see the smart contract code, so this will be transparent for anyone.
1 Like
  1. Web 1.0 was before java script so pages wouldnt interact with users.

  2. A smart contract is programmable money. funds are locked until the programmed case appears. No trust of third party needed.

  3. All transactions and smartcontracts can be viewed on the ethereum blockchain.

1 Like

1. What was Web 1.0?

Web 1.0 was the internet before Javascript, which was a much more version of the internet compared to what we use today (static, only could have links, texts and images, no interactivity on websites, etc).

2. What is a smart contract?

A smart contract is a program that can own and decide what to do with money. You can send money to a smart contract and then that money will only be paid out when certain conditions are met (Ex., a child gets good grades in school, the owner of the smart contract dies and money is sent to children, etc.).

Smart contracts are completely unstoppable and cannot be shut down, so they allow us to have trustlessness because there’s no middle man.

3. How is transparency achieved with ethereum code?

Ethereum is a public blockchain so anyone can view the code within the blockchain, so you don’t have to trust some bank, insurance company, or other middle man to fulfill the desired outcome. The smart contracts on ethereum are immutable and unstoppable once all the parties have approved them.

1 Like
  1. Web 1.0 is static websites without dynamic data.

  2. A smart contract is a dynamic and programmable version of blockchain. No need for 3rd party.

  3. Transparency is achieved by having the code on blockchain and everyone can see it.

1 Like

Web 1.0 is the beginning of the World Wide Web when web pages were very simple & could only give information.
Smart contract is small pieces of code on a blockchain.
Transparency is achieved by anyone being able to view the transactions that are being made on the blockchain.

1 Like
  1. What was Web 1.0?
    —Static Read-Only web sites
  2. What is a smart contract?
    —Executable code deployed/executed on blockchain
  3. How is transparency achieved with ethereum code?
    —SC Code is public on the blockchain. SC can be verified on what it does. It executes with no middlemen and is trustless.
1 Like
  1. Web 1.0 was static websites. With the introduction of Java script, Web 2.0 was born allowing for programs to be deployed on websites.

  2. A smart contract is a program that can be deployed on the Ethereum blockchain, making it more dynamic.

  3. Transparency is achieved by having the code visible on the blockchain. There is no need for trust as the code can be verified.

1 Like
  1. The “static” internet prior to the programming possibilities with the introduction of JavaScript.
  2. A contract set and ruled only by solidity programming, no intermediaries are involved, it is unstoppable, it is also transparent for everybody involved on the blockchain.
  3. No one can overrule the code/information that has been verified on the blockchain, it is irreversible. All the trust is set in code while being shared and accessible to everyone within the network.
1 Like