Homework on Ethereum Intro

Ethereum 101
#985

1.What was Web 1.0?
A very rudimentary collection of websites of limited abilities to interact.

  1. What is a smart contract?
    A means of programing money and executing commands on a Blockchain.

  2. How is transparency achieved with ethereum code?
    By distributing immutable contracts amongst Nodes on the Ethereum Blockchain

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#986

  1. Web 1.0 were static websites consisting of at most text, images and links.

  2. A piece of code which is unstoppable, transparent and able to execute without the need for an intermediary.

  3. The code is immutable and since the smart contract allows for anyone to check it since it is on the blockchain trust-lessnenss is achieved.

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#987
  1. What was Web 1.0?
    A: It was the beginning of the WWW evolution… and mainly consisted of static web pages.
  2. What is a smart contract?
    A: It is a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code. The code and the agreements contained therein exist across a distributed, decentralized blockchain network.
  3. How is transparency achieved with ethereum code?
    A: Ethereum network using smart contracts.
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#988

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

  1. What was Web 1.0?
    Web 1.0 is the term used to refer to the first stage of development on the World Wide Web that
    was characterized by simple static websites.

  2. What is a smart contract?
    A smart contract is a computer program or a transaction protocol which is intended to
    automatically execute, control or document legally relevant events and actions according to the terms
    of a contract or an agreement. The objectives of smart contracts are the reduction of need in trusted
    intermediators, arbitrations and enforcement costs, fraud losses, as well as the reduction of malicious
    and accidental exceptions.

  3. How is transparency achieved with ethereum code?

    Transparency is achieved with ethereum code through the blockchain design. It cannot be
    altered or reversed because of PoW (proof of work) anyone can view the transactions and code.

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#989
  1. Static web, with text, images and links only
  2. Small pieces of code that run on the Ethereum blockchain, they can hold money and decide what to do with it based on how you code them. Programmable money.
  3. It is on the blockchain which increases transparency because anyone can check it. You cannot change or reverse a smart contract and the way it behaves
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#990

  1. What was Web 1.0 ?
    A. Web 1.0 is considered to be the first wave of websites/applications that could be used and accessed through the internet. They were extremely light weight and usually had static data available on them. Most of them were read only websites and had little to no user interaction available.

  2. What is a smart contract?
    A. Smart contract is simply a piece of code deployed on ethereum. They cannot be changed once deployed on the network.

  3. How is transparency achieved with ethereum code?
    A. The smart contracts on ethereum are inherently visible to anyone because ethereum is a decentralized, permissionless blockchain. Any smart contract can be accessed and verified by users worldwide. This creates a transparency level in code which was never possible before.

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#991
  • What was Web 1.0?

Web 1.0 started as static websites that only showed text, images and links.

  • What is a smart contract?

Small pieces of code that run on the ethereum blockchain. They can hold money and perform specific actions with it under certain conditions.

  • How is transparency achieved with ethereum code?

This is achieved with smart contracts that can not be manipulated by anyone. In other words, once the code is on the blockchain the behavior of a smart contract can not be changed. This creates a trustless process that removes trust in man and places it in math and technology.

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#992

  1. Web 1.0 was static. Pages were composed of static text and images.

  2. A smart contract is a piece of code that runs on the ethereum blockchain. This code can be attached to currency in order to have make decisions/execute actions according to the conditions programmed into the smart contract.

  3. Transparency is achieved because the transactions become part of a block in the chain, are therefore immutable, and visible to anyone with access to the blockchain

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#993

1.- Web 1.0 represents the beginning of how users interact in the internet. In Web 1.0 the only interaction was accessing a website, read and see the images and that’s it.

2.- A smart contract is a program that you can develop and deploy in the blockchain. As it’s already in the blockchain, the smart contract can’t be modified and it will follow the rules the smart contract was supposed to follow.

3.- As the code is in the blockchain, everyone can see the code, the inputs and outputs. And as it cannot be modified because the ethereum network is descentralized, you can finally have a system that is trustless and completely verifiable.

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#994

@Keith great answers! but # 2, smart contract can be written in many programming languages. In case of Ethereum blockchain, We can also use Viper.

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#995

@Speedster good answers! but # 2, smart contract can be written in many programming languages. In case of Ethereum blockchain, We can also use Viper.

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#996

Cheers abuga, missed that :+1:

#997

  1. What was Web 1.0?
    A. Html, static web pages with images and information.

  2. What is a smart contract?
    A. A piece of code that you can program to hold money and program how the money can be taken out.

  3. How is transparency achieved with ethereum code?
    A. Transparency is acheived because everyone can see what’s happening on the blockchain.

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#998

*Web 1.0 was an earlier form of the internet where webpages were static and lacked adaptability for the viewer. The purpose was to read and share information. It was not the dynamic and sociable platform that we use today.
*A smart contract is essential to the Ethereum network. It is small pieces of code that executes terms of an agreement without an intermediary.
*Transparency is achieved through the distributed ledger.

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#999

  1. web 1.0 is the first internet, we had static websites where you only can read and share information.

  2. A smart contract is a programmable code written in Solidity that holds money until an event happens that is written in the code, and then money is released.

  3. Transparency is achieved because there are no intermediaries involved and we can’t change smart contract, once it’s deployed to network everybody can see and verify that.

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#1000
  1. Web 1.0 was the early part of the internet were websites were static and only contained text, images, and links.
  2. A smart contract is a piece of code that will run on to the block chain, it allows for programmable money.
  3. Once a smart contract is deployed to the blockchain it can’t be changed or stopped and since it’s on a public ledger anyone can go and check out the code of the smart contract to see what it does.
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#1001

  1. The first version of the internet. It was much more basic than the next version of the internet web 2.0. Web 1.0 was just static websites containing just text, images or links.

  2. A smart contract is how you can program money on the Ethereum blockchain. It means the smart contract will hold the money until the programmed agreements are met.

  3. By using the Ethereum blockchain. A blockchain is always transparent because of how everything is on a shared public ledger.

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#1002 
1. What was Web 1.0? The early "static" days of the internet before it became dynamic with Java Script.
2.

What is a smart contract? Small pieces of code that run on the Ethereum blockchain.
3.
How is transparency achieved with Ethereum code? The code of the smart contract can be read by everyone and doesn’t require trust as the trust is in the math and structure of the network.

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#1003

Homework on Ethereum Intro:
1.Web 1.0 was the first stage of the world wide web that did not provide interactive content.
2.Smart contracts are a set of codes on the Ethereum platform that automatically executes transactions based on a set of rules.
3. Transparency is achieved by allowing the public access to all contracts.

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#1004

Answers:

  1. Web 1.0 is basically the very first version of website which only display text, images and links. It is not dynamic as compared to the internet we had today.

  2. A smart contract is a contract which can execute by itself fully dependable on the code that was written to it. It is programmed to control money and business transaction without the need of a 3rd party institution.

  3. Transparency is achieved through the same P.O.W as in Bitcoin blockchain. Once the code is deployed into a smart contract it is irreversible.

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