Homework on Ethereum Intro

Ethereum 101
#81
  1. Static and boring websites
  2. Small pieces of code described as internet money
  3. Trust but verify way of clearly making a transaction
1 Like
#82

  1. Web 1.0 was the first internet websites that couldn’t do very much. You could share information and click on links. Then Java script came and expanded use cases.

  2. A smart contract is a piece of code that takes out trusting the other party in a contract. You trust the technology.

  3. Transparency is achieved with ethereum code by not being able to change an agreement at a later time.

1 Like
#83

Web 1.0 was static- could only read and share info on the web

SC is small pieces of code that run on the Blockchain that determine what conditions fulfill the contract

Can see tx’s that cannot be changed

1 Like
#84

  1. What was Web 1.0?
    web 1.0 was based on static web pages

  2. 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

  3. How is transparency achieved with ethereum code?
    Ethereum blochckain is public so we can read smart contract/ transaction with a block explorer

1 Like
#85
  1. What was Web 1.0? Web 1.0 allowed only the transfer of static text across the network.
  2. What is a smart contract? A smart contract is a small piece of code that executes on the Ethereum blockchain. It owns and distributes funds when programmed conditions have been met.
  3. How is transparency achieved with ethereum code? Transparency is achieved since all transactions of smart contract can be viewed publicly and are immutable allowing for trustless verification.
1 Like
#86

Web 1.0 is the first version of the web where webpages are static and can’t contain any dynamic data or show different content based on the user (HTML based).

A smart contract is an address on the Ethereum network that can be programmed to activate some code when an event happens. (For example: a smart contract that can only release the Ethereum once 20 years has past from the time you deposited that into the smart contract).

Transparency is achieved by having the code publicly available on the blockchain. It can be shown by anyone, at any moment in time and everybody can check what it is doing.

1 Like
#87

  1. Web 1.0 was the beginning of the internet with simple websites that had only static content, with text, images, and web links. The information was one-way from the website to you. You were not able to interact with the website and get specific content delivered only for you.

  2. A smart contract is software written in the Solidity language, that runs on the Ethereum network, and will hold and transfer money and/or assets based on specific conditions being met. Smart contracts are unstoppable.

  3. Transparency is achieved with Ethereum code in that the contracts and transactions are viewable on the immutable blockchain so anyone can see what is being done with the money or assets.

1 Like
#88

  1. What was Web 1.0?
    Not programmable, just text, images and links.

  2. What is a smart contract?
    An unstoppable piece of code written in solidity that will perform based on predefined conditions to release tokens when those conditions are met.

  3. How is transparency achieved with ethereum code?
    Smart contracts are public for all to see and run without a middleman/3rd party through many nodes so it is near impossibly to attack, it cannot be altered.

1 Like
#89
  1. What was Web 1.0? The first web language - static as only texts, pics, and links could be included.
  2. What is a smart contract? a program that executes when conditions are met
  3. How is transparency achieved with ethereum code? it is open source and available for all to see
1 Like
#90
  • What was Web 1.0?
    It was the static, early version of the internet.
  • What is a smart contract?
    It’s a small piece of code that runs on the ethereum blockchain. It allows to setup conditional transactions that execute in a trustless and unstoppable manner.
  • How is transparency achieved with ethereum code?
    It’s achieved by having the code on the public, immutable blockchain.
1 Like
#91

1. What was Web 1.0?

Web 1.0 refers to the first stage in the World Wide Web, which was entirely made up of web pages connected by hyperlinks. In general, it was a set of static websites that were not yet providing interactive content. Also, applications on the web were generally proprietary.

2. What is a smart contract?

A smart contract is a self-enforcing piece of software that is managed by a P2P network of computers. Smart contracts are management tools that provide a coordination and enforcement framework for agreements between network participants, without the need of traditional legal contracts. They can be used to formalize simple agreements between two parties, the by-laws of an organization, or to create tokens.

3. How is transparency achieved with ethereum code?

By using ethereum smart contracts a whole host of functions can become automated and transparent to the public.

Both transparency and privacy are ensured by the open-source nature of the smart contract software.Decentralization guarantees that one person won’t be able to use the entire system for his personal interests.

3 Likes
#92

Hello,

  1. Web 1.0 was internet with static pages, you had hyperlinks, images and text, and whoever visited the page saw the very same things. Javascript allowed for a personalized experience of the internet.

  2. A smart contract is a program that can hold and manage data (money). It is transparent, for the program is viewable, and it cannot be coerced by other actors to do something it is not programmed to do.

  3. Blockchain is a truth machine with timestamps. The code can be viewed and controlled, and any modification can be pinpointed. Ethereum allows for agreements to be transparent and self executing, with no authority acting as a gatekeeper.

Best

1 Like
#93

Static web relying on HTML maybe CSS but no dynamic functionality (JS/PHP). Piece of code that holds money and conditionally transfers that money when an event occurs. Transparency is achieved with any public, distributed BC such as BTC or ETH. Now not only transactions but also contracts are public on the BC.

1 Like
#94
  1. Web 1.0 is a static webpage without JavaScript.
  2. A smart contract is script that runs on top of the Ethereum blockchain. By using a programming code called solidity we can program a smart contract and deploy it on the Ethereum network. The smart contract is completely unstoppable meaning that no one can shut it down.
  3. Transparency is increased because the smart contract cannot be modified by anyone to benefit them. A smart contract removes the need for intermediaries by creating a trustless system. This element of trust has completely been eliminated by the code of the smart contract. Don’t trust, verify.
1 Like
#95
  1. The first use of the internet was with web 1.0, it was very static, you could only show but not interact with the users.
  2. a smart contract is a script where you decide what to do with for example money, how it should be spend and when and under which conditions. if these conditions are not met than the contract can not be terminated.
  3. ethereum can show everyone the contract that is programmed in the code and as it runs on blockchain the contract or conditions can not be altered.
1 Like
#96

  1. web 1.0 was the first version of the internet with static webpages.

  2. code embedded into a blockchain that does a predefined function that can be interacted with.

  3. Ethereum achieves transparency through the use of a blockchain and smart contracts that are open for all to see.

1 Like
#97
  1. What was Web 1.0?
  2. What is a smart contract?
  3. How is transparency achieved with ethereum code?

1 it’s the first version of internet, can only read text and images.
2 it’s a piece of code that allow to program money that use solidity language (for the ethereum blockchain). Once the smart contract is deployed on the blockchain there is no way to stop it or edit it.
3 anybody can read and see what the smart contract is doing on a block explorer.

1 Like
#98

  1. Static websites that could only show text, images and links.

  2. It is a contract that is implemented on the blockchain and cannot be executed unless its parameters have been satisfied. it is unstoppable, transparent and trustless.

  3. The code, which is build with solidity, is open for anyone to see. Smart contracts and what they are there to accomplish can be seen by looking into the code.

1 Like
#99

  1. Enabled websites to be built that could contain basic elements - text, images and links

  2. A smart contract sits on the block chain, can hold many and be programmed to action on various outcomes / events.

  3. It is a decentralized network that cannot be changed but can be viewed.

1 Like
#100 
  Web 1.0 was basicly the old version of the web that we know of today.   There was no chatting, no super advanced graphics.
  A smart contract is what you call a project that is on the blockchain.
  Transparency can be achieved because with ethereum you can't change the programing to make it do something different.
1 Like