Homework on Ethereum Intro

Ethereum 101
#723

1.) Web 1.0 is static with text, images and links, no chat, no accounts or media only sending/sharing and reading information.

2.) Smart contracts are pieces of code running on Ethereum using solidity as the programming language. It’s an immutable ledger where monetary use cases are programmed, bypassing third parties and redundant banking connections.

3.) Transparency is achieved by the way the blocks in the blockchain are connected with each other, it’s not reversible and cannot be altered or omitted once the contract is deployed. Trust is placed in the math of the contract by the parties involved as everyone can see the code, no need to worry about being manipulated by the other person/business ect…

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#724
  1. What was Web 1.0?

Web 1.0 was the first generation of internet websites. It consisted of flat html pages with text, images and links. It was very limited in interactivity and the same content was served to all visitors.

  1. What is a smart contract?

A smart contract is a program that runs on the ethereum blockchain. It is unique in that it cannot be taken down and is able to own/hold digital currency such as ether. This currency cannot be extracted from the smart contract by anyone unless it has been deliberately coded to release it.

  1. How is transparency achieved with ethereum code?

Currently there is a degree of corruption that occurs in all administrations. Wherever politicians have unchecked powers there is the possibility of mismanagement of funds creating inefficiency in governance and public distrust. Ethereum smart contracts could be implemented to ensure that money allocated to government projects always goes where it’s supposed to in a tracable and cryptographically secure way.

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#725

Web 1.0 was the phase of the internet which solely broadcasts information. There was no interactivity whatsoever.

Smart Contracts are small elements of computer script that can own money. Instead of a physical living and breathing escrow service, they are the digital similitude written in Solidity.

Ethereum code is transparent as it resided in the blockchain

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#726
  1. Web 1.0 was the first generation of static web pages which contained text, images and links but no dynamic script based content.
  2. A smart contract is a small conditional agreement which is placed on the blockchain and which is executed once the conditions are met. Because it can execute autonomous it does not need any further input and is also not possible to be manipulated, hence the “smart” name
  3. Transparency is a basic characteristic of the Blockchain. This means that smart contracts which are on the block chain are transparant by nature as it is an open source technology. But the fact that they are open source does not mean that they can be manipulated. There is security in transparency.
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#727

— My answers —

  1. Web 1.0 was the first version of the Internet as we know it, if was characterized of pages containing text, images, links but dynamic contents were not possible as there was no scripting language allowing it.

  2. Smart contracts are programs that can execute transactions based on a given instructions, depending on a set of rules.

  3. The rules of a smart contract (as well as the current state of a specific contract) are all stored in the blockchain so they can be verified anytime.

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#728
  1. Static webpages without any interactivity
  2. A piece of linked to the block chain. The execution is depending on definied conditions.
  3. Similar to bitcoin all transactions are public
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#729

  1. Web 1.0 was a version of the Internet, where pages were only static / read-only (i.e. displaying graphics, links) where no writing to the website was enabled.

  2. A Smart Contract is a piece of code, which is embedded in a transaction of a block. If the conditions are met, the contract will run.

  3. Transparency is achieved through having the code on the blockchain. Anyone can see the code, but it would be highly expensive to alter the code.

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#730
  1. The web 1.0 was a simple information sharing platform. People could post information on websites that they themselves created and they could read the information that others posted on their websites. But there was no true interactivity.
  2. A smart contract is a computer program that interacts with a blockchain and that specifies rules for the storing and handling of money.
  3. Transparency is achieved by openly displaying the rules for handling and storing money in a smart contract and by endowing the execution of these rules with the same, near perfect immutability that blocks in the bitcoin blockchain are endowed with as well.
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#731
  1. What was Web 1.0?

Basic websites with little features

  1. What is a smart contract?

    It is a digital contract that locks in funds until a requirement is met then releases those funds based on the requirements. It can not be changed after it is created.

  2. How is transparency achieved with ethereum code?

    The code is available for anyone to see. Smart contracts on put into the blockchain so anyone can go view them but they can’t change them since the blockchain cannot be altered easily.

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#732
  1. is like a book. you can read not act with it…2.smart contrakt you whrite an agreement to pay when packet is received. or other agreement.3. because every one can see who sent and who receive the money.
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#733
  1. web 1.0 was static (image, text - no script)
  2. Smart contract - it is an application working on the underlying of the blockchain, which cannot be altered
  3. Transparency cause everything is public and there is no way to change it / by pass it - it will follow the rules
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#734
  1. Web 1.0 was the first generation of internet, prior to Javascript. Web 1.0 sites supports static content only (text, images, links)
  2. A smart contract is small pieces of code that run on the Ethereum network which allows you to create applications for programmable money.
  3. Transparency is achieved through a blockchain - everyone on the network can see what happens to programmable money; no one can change how a smart contract behaves
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#735
  1. What was Web 1.0?
    static with only text, links and maybe images
  2. What is a smart contract?
    uses a programmable language called Solidity. Is unstoppable. Trustless. And transparent transactions with no middlemen.
  3. How is transparency achieved with ethereum code?
    you can see the inputs and the outputs, the programmed language.
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#736

  1. What was Web 1.0?
    The internet before javascrit

  2. What is a smart contract?
    Programmable money

  3. How is transparency achieved with ethereum code?
    It is stored on the blockchain

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#737

  1. What was Web 1.0?
    Static web sites with images, texts and links. No fun like nowadays with videos, chats, live streams and so on.

  2. What is a smart contract?
    Small pieces of code on blockchain network. It is programmable and cannot be undone unless criteria from that contract are met.

  3. How is transparency achieved with ethereum code?
    Every can see how it is programmed and once it is done it cannot be reversed or stopped. Dont need to trust person, we trust math behind technology.

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#738
  1. What was Web 1.0?
    Static
  2. What is a smart contract?
    Dynamic/programmable
  3. How is transparency achieved with ethereum code?
    Smart contract is immutable and viewable by everyone and will only execute pre programmed functions making it trustless
#739

  1. It is when applications (particularly webpages) on the internet were considered “static”.

  2. It is programmable code on the blockchain.

  3. Just like bitcoin code it is verified and saved on the blockchain.

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#740

A static website with text, images, links.

An automated transaction set to be executed as and when the agreed terms/conditions are fulfilled.

By using Blockchain.

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#741
  1. Web 1.0 was static.
  2. Small pieces of code that programs finances.
  3. The smart contract is transparent and can’t be changed.
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#742

  1. Web 1.0 was basically a simple and boring internet with simple websites and no javascript. Dynamic content, chats and accounts were not possible with Web 1.0

  2. A smart contract is a programmable piece of code that runs on Ethereum blockchain.

  3. It is achieved because no one needs to rely on trust but rather on mathematical calculations. Meaning that a programmable Ethereum code could not be altered or changed once it has been deployed but it will serve its purpose and will achieve a purpose it has been created for.

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