Homework on Ethereum Intro

Ethereum 101
#743
  1. web 1.o was just sites with static images and text not very interactive.
  2. smart contracts are code that is put on the blockchain that self executes under specified criteria.
  3. Everyone can see what is being done bc it is a public blockchain, also the rules inputed into smart contract cant be changed easily.
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#744
  1. Web 1.0 was simply web pages which displayed static information.
  2. A smart contract is “programmable money” in the sense that you can lock money into the contract and program what you want that money to do and on what conditions. This contract will then act exactly how it is programmed and cannot be stopped.
  3. All contracts can be verified on the block chain.
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#745

  1. Web 1.0 was the first iteration of the internet before browsers began incorporating Javascript, which allowed for greater flexibility in design.

  2. A smart contract is a programmable blockchain, allow for a greater degree of specialisation with blockchain programming.

  3. Smart contracts provide transparency by executing on multiple nodes and providing consensus.

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#746

  1. web 1.0 was the early stage of websites presentation. Websites only included static objects like text and images.

  2. smart contract is a code (app, task … ) built on top of the core ethereum network with specific programmed functions. Smart contracts can independently handle money (tokens) base on pre-programmed rules and instructions.

  3. ethereum code and all built smart contracts is open source and part of the blockchain, which means that it is immutable once deployed and anyone can verify and check the code for themselves.

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#747

1. What was Web 1.0?
It was the static version of the internet/ pre JS era which consisted of text, images and links and no dynamic elements.

2. What is a smart contract?
It’s a piece of code that runs on a blockchain that is programmed to adhere to pre-agreed rules for transactions. It is fully transparent and immutable.

3. How is transparency achieved with ethereum code?
The blockchain is open for everyone to see and verify. Once a transaction is verified by the network, it cannot be changed due to the POW through the consensus algorithm.

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#748

  1. What was Web 1.0?
    When we had static content on servers with no js

  2. What is a smart contract?
    Code that is run on the EVM that performs automatic transactions when states are reached.

  3. How is transparency achieved with ethereum code?
    There is no central point of attack with miners and nodes supporting the network

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#749

  1. Web 1.0 was known as a static website. It included only text, images, and Web links. JavaScript, accounts, and chats did not exist until Web 2.0 was developed.

  2. A smart contract is an important part of Ethereum that uses solidity, tracks transactions, and owns money or decides what to do with it.

  3. Transparency is achieved with ethereum code in that anyone can see what a smart contract is doing. The primary goal is to achieve trustlessness.

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#750
  1. First stage in the world wide web, completely made up of web pages and connected by hyperlinks without any interactive content.
  2. A set of computer codes operating as self-executing contracts with terms of agreement between the 2 parties and without middleman involvement.
  3. All smart contracts are open to public view and can’t be changed or modified.
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#751

  1. First simple version of internet with static text, images, links etc.

  2. Small pieces of code made in Solidity between e.g. two people which is not possible to change or edit by 3rd party later on. Can be about sending money and corruption isn’t possible. You don’t need to trust the person you deal with, you trust the contract.

  3. All transactions and text are logged and can be audited, both in Bitcoin and Ethereum.

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#752

1. What was Web 1.0?
Web 1.0 = static content only such as text, photos, and links. Web 2.0 = dynamic content in addition to static, such as programmable features, scripting, and videos. Java Script enabled the transition from Web 1.0 to Web 2.0.

2. What is a smart contract?
A smart contract is a piece of code (e.g. computer program) with money and payments built in that run on the Ethereum blockchain network. Another definition for smart contracts is “an immutable computer program that runs deterministically in the context of an Ethereum Virtual Machine as part of the Ethereum network protocol—i.e., on the decentralized Ethereum world computer.” More details HERE

How is transparency achieved with Ethereum code?
Transparency is achieved with Ethereum by the nature of how it is built. All information is public, open source, and distributed across the Ethereum world computer, which makes it unstoppable, non-censurable, and non-controllable. Excellent short video HERE

An interesting point I learned as a newbie is that for Ethereum to become the globally accepted standard for the new internet they need to develop various privacy enabling applications. One of the articles I ran across addressing this is HERE

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#753
  1. Static websites without interaction possibilities between users and content creator. More like a restaurant menu or a business card.
  2. Smart contract is a trustless contract. The contract conditions are put on the blockchain and are therefore imutable by the involved parties or third.
  3. It is on the public, decentralised blockchain. So the contract terms are verifiable by all the involved parties at all times.
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#754
  1. Web 1.0 was the first phase of the Internet, where Websites were static text pages with images and links and had no dynamic or user-generated content.
  2. A smart contract is a programmable contract that automatically executes a predefined task when special criteria have been met. It is trustless and unstoppable.
  3. All smart contracts and transactions are public data and accessible through a block explorer. Therefore everything happening on-chain is transparent.
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#755
  1. What was Web 1.0?
    The first limited framework of the internet
  2. What is a smart contract?
    A programmable means of exchange in the blockchain
  3. How is transparency achieved with ethereum code?
    Proof of Work, now shifting to Proof of Stake
#756

1 static content
2 a dynamic contract that can be programmed to hold money on the blockchain waiting for certain outcomes
3 didn’t get that

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#757

  1. Web 1.0 was a static internet where only text, link, image exist. Cannot create social media, accounts etc.

  2. A smart contract is a small code run on ethereum network.

  3. You can see who is sending and receiving money as well as owning and decides what to do with the money within a smart contract and nobody can change the detail of the contract once it is in placed.

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#758
  1. Static websites.
  2. Programmable blockchain.
  3. smart contracts live on the blockchain (I think is the answer you are looking for)
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#759

  1. It was the the first iteration of internet when everything on the web was static information.

  2. Is a program, small pieces of codes written in Solidity language.

  3. Ethereum code is publicly available to consult / read. It uses smart contracts which are unstoppable and trustless.

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#760

  1. What was Web 1.0?
    Web 1.0 is the original incarnation of the world wide web which included text, images and links.

  2. What is a smart contract?
    Smart contracts are computer programs or protocols that dictate the actions of a particular action or transaction. On a smart contract blockchain, you can see who is sending or receiving money. Smart contracts can own and decide what to do with money.

  3. How is transparency achieved with ethereum code? Transparency is achieved with the ethereum code using a programming language called Solidity. Once the smart contract is programmed and deployed, it can not me shut down, cannot be reversed and is virtually unstoppable. you can see what is going on, in regards to transaction, in the contract. Because of this, we can trust the process that what is aimed to be achieved by the contract will actually be achieved…

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#761

  1. What was Web 1.0? the first version of the internet that was static before JS enabled it to be dynamic

  2. What is a smart contract? programmable bits of code that exist on a blockchain

  3. How is transparency achieved with ethereum code? through its Proof of Work algorithm that chains blocks together in a chronological order and can be varied publicly by anyone

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#762
  1. Web 1.0 was static and not dynamic to adapt to user interaction.
  2. A smart contract is code that can be deployed on a blockchain
  3. Transparency is achieved through decentralization of approved transactions and the ability to review all transactions and details via the block explorer.
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