Homework on Ethereum Intro

Ethereum 101
#903
  1. The early days of the internet when it was all static boring contact.Mostly readonly websites and no javascript.
  2. A program written in Solidity that runs on the ethereum network. It can own money and decide when to pay it to certain parties. No bosy can meddle with a smart contract once it is deployed.
    3.Deployed smart contracts are decentralized so they cannot be corrupted
1 Like
#904
  1. Static information webpage.
  2. Contract with programmable transactions that cannot change. IF-> PAY
  3. Contract/code in solidity is transparent for everyone to see.
#905
  • What was Web 1.0?
    **This is the first version of the www.Where only documents, and photos could be shared , no social media yet.
  • What is a smart contract?
    **A smart contract is a computer program or a transaction protocol.
  • How is transparency achieved with ethereum code?
    ** It create the element of trust because you cab basically program the transaction that need to be done if both parties completed the requirement.
    [/quote]
1 Like
#906

**3. How is transparency achieved with ethereum code? **

Hello sir, could you please describe a little bit more why solidity?

If you have any more questions, please let us know so we can help you! :slight_smile:

Carlos Z.

#908

  1. Web 1.0 was static and had very basic features (similar to blog) - text, image and link

  2. Smart contract is program. For example if me worked yesterday send hit money to him. So if I am worked yesterday. Today I will receive money.

  3. It is a permissionless system. Once the code is deployed, you do not need to trust anyone. You only need to trust the math.

#909

Hi Carlos,
I should have expanded on this. Solidity allows the smart contracts to be built using math to execute them.
So it is trustless and on the blockchain , network of nodes reaching consensus,which are public.
This allows the transparency and the math( to execute the smart contract) once set in action cannot be stopped or modified by anyone.

#910
  1. Web 1.0 is the original form of the Internet which is static and not programmable.
  2. A smart contract is able to handle money on its own with the pre-programmed code.
  3. Once a money is programmed with ethereum code, it cannot be reversed and the funds will be transferred when the conditions are met. Therefore, this prevents corruption from taking place where a party takes more funds than it is required from the pool.
1 Like
#911

Etherium Intro Homework

  1. Web 1.0 was the intinial and limited experience of the Web when it was only text, image, and link.
  2. A smart contract is a computer protocol intended to digitally verify and enforce the performance of a contract without middle men.
  3. Etherium code allows decentralization and increased transparency, so you can run programs that can handle money and that are free of government interference and corruption.
1 Like
#912

Homework on Ethereum Intro - Questions. (Questions were updated on Dec 3 2019 )

  1. What was Web 1.0?
    The first version of the internet. With only static pages.

  2. What is a smart contract?
    A small piece of code that can be deployed on the eth blockchain

  3. How is transparency achieved with ethereum code?
    The code will be visible to everybody once it is uploaded to the chain.

1 Like
#913

  1. Web 1.0 was static websites that could only contain text, images, and links. With the introduction of Javascript, it allowed for dynamic websites that could include things like chat and accounts.
    Bitcoin to Ethereum is like web 1.0 to web 2.0.

  2. A smart contract is a piece of code in the Ethereum network that automatically executes transactions based on the rules set in the smart contract.

  3. Ethereum achieves transparency through the inherent design of smart contracts. You cannot change a smart contract, no intermediary is needed, and so there is no need to trust. Everything can be verified.

1 Like
#914

1 web 1.0 was the first internet that was static and only had text, pictures, and links
2 small pieces of code that run on block chain
1 by using a programming language called solidity that is transparent and is unstoppable but also programmable

1 Like
#915

  1. What was Web 1.0?
    When the internet was still static (boring), you could only work with txt, small images and links. It was not yet possible to interact or surf dynamically through the internet.

  2. What is a smart contract?
    Small pieces of code (solidity) that run on the blockchain. i.e smart contract can hold money and the code will contain the information of what to do with that money.

  3. How is transparency achieved with ethereum code?
    It’s:
    decentralized
    unstoppable
    can’t be shut down
    everybody can see what is happening w/ tx

1 Like
#916
  1. What was Web 1.0?
    Was the first version of web browsers where only text, images and links were allowed.
  2. What is a smart contract?
    Is a programmable digital contract that allows us to perform transparent transactions between two parties without the need of a middleman.
  3. How is transparency achieved with ethereum code?
    The code made Ethereum decentralized, no third parties needed
1 Like
#917
  1. Web 1.0 was a simplified version of the web that was not dynamic or programmable
  2. A smart contract is a piece of code that runs on the ethereum blockchain that allows the content of the contract to be dynamic and programmable in nature
  3. Transparency is achieved through immutability and being able to see the code. Once the smart contract has been created, there would be no way to manipulate the data
1 Like
#918

Hi there!! actually, the code can be quite long, as you could create complex logics!

2 Likes
#919

Hi there! Solidity is used to create smart contracts, but as the smart contract runs in the blockchain, the code is transparent, public, so anyone can audit or verify how it works! pretty cool!

Felipe.

1 Like
#920

What was Web 1.0?

It was a version of a static website where you could
only show links, text, and some images. No chat, social
media etc.

What is a smart contract?

Are small pieces of code that run on the Etherium
blockchain. Using the programming language,Solidity,
we can program a smart contract and deploy it to the Etherium
network. Noone can shut the program down. You can see who is
sending and receiving txs from our smart contract. Smart
contracts can own and decide what to do with money.

How is transparency achieved with ethereum code?

Everyone can see what is happening to the money invested
in a smart contract. Smart contracts cut out corruption
because they cant be changed after they are deployed. Smart
contracts remove the middleman and allow business to be done
with eachother in a trustless way on the blockchain.

1 Like
#921

1. What was Web 1.0?
Web without interactions, no social media…
2. What is a smart contract?
Programmable money without meddle man
Programmable assets.
3. How is transparency achieved with ethereum code?
The contract is going to do what it was created or designed for.

#922
  • What was Web 1.0?

Web 1.0 was able to show only static content, text, images and links

  • What is a smart contract?

Smart contract is short code deployed on Ethereum network written in Solidity, for example we can use it to program money.

  • How is transparency achieved with ethereum code?

Everything is in blockchain with can be reviewed by everyone and cant be altered or stopped by no one.

1 Like
#923

[quote=“filip, post:1, topic:8441”]

  • What was Web 1.0?
    Web 1.0 was a static website that only allowed text and images
  • What is a smart contract?
    A smart contract is a code on the Ethereum BC using a PL called Solidity
  • How is transparency achieved with ethereum code?
    A Smart contract that can be seen by anyone achieves transparency. "Don’t trust - verify"
1 Like