Homework on Ethereum Intro

Ethereum 101
#1045

  1. What was Web 1.0?
    It was the very basic internet. Writing and pictures. Then it evolved with JavaScript

  2. What is a smart contract?
    It’s a programmable contract that you write to indicate what needs to happen before a set amount of money is transferred to a person. You don’t need middlemen. It’s unchangeable and transparent.

  3. How is transparency achieved with ethereum code?
    Each participant involved in a contract don’t need to trust the other, they can read the contract. For example I know I will receive a set amount of money if some conditions are fulfilled. I also know this contract cannot be changed.

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#1046

  1. Web 1.0 was the time of static sites, which could only handle images and text. Javascript had not been developed on websites at the time which brought on the era of web 2.0

  2. Smart contact are simple codes which interact with the world which are unstoppable once put in motion. It can also be given ownership of money and be coded what it is to do with the money and when without any middle party

  3. Transparency is achieved much like bitcoin whereas all the code and which the output and input addresses and amount is all viewable via a public ledger

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#1047
  1. Simple websites just to share text and pics
  2. An automated contract that will execute itself under specific programmable circumstances
  3. By having a public ledger always accessible to verify
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#1048

Ethereum Intro

  1. What is Web 1.0?
    Web 1.0 is the ‘old internet’. Web 1.0 had boring websites, that did not become interactive, until Javascript came along in web 2.0. Before Javascript, web 1.0 had websites with text, images and links, with mostly read only static sites and less interaction from users.

  2. What is a smart contract?
    A smart contract is a piece of code, that is programmed with a specific function, which runs on the Ethereum blockchain. A smart contract interacts on the Ethereum blockchain and is able to interact with money, where in one example, funds can be deposited into a smart contract and until certain conditions are met, such as if a family member passes away, then the funds will be released to the recipients. A smart contract uses a programming language called solidity to deploy the protocol onto Ethereum. The smart contracts remove the need for a middleman.

  3. How is transparency achieved with Ethereum code?
    Ethereum is transparent in a way, which allows any individual to view the activity of transactions on the Ethereum blockchain. The code prevents transactions from being changed, meaning that the transactions are immutable and are final. The Ethereum blockchain is a public database, where anyone can look at the transactions. The Ethereum block explorer can assist individuals in searching for transactions.

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#1049

  1. What was Web 1.0?
    Static websites that could only show text images, and links

  2. What is a smart contract?
    Smart contracts are small pieces of code that run on the ethereum block chain. it is unstoppable transparent and can decide what is done with money

  3. How is transparency achieved with ethereum code?
    everything is public, and it cuts out the middle man.

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#1050
  1. Web 1.0 was a static version of the internet with text, images, and links.
  2. A smart contract is a piece of code that can be created to run unstoppably on the blockchain and can make transactions, leading to a situation of programmable money and finance.
  3. Transparency is achieved with ethereum code because everyone can see the code, and no one can go back and change how a smart contract works.
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#1051
  1. What was Web 1.0?
    static version of the internet.
  2. What is a smart contract?
    small pieces of code that run on the ethereum blockchain.
  3. How is transparency achieved with ethereum code?
    by trustlessness
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#1052

  1. Static websites that could only read and share information.

  2. Small pieces of code that runs on the blockchain.

  3. Everyone can see the code and it is unstoppable.

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#1053

  1. What was Web 1.0?
    Static internet before jacascript. Could only show text, pictures and links.

  2. What is a smart contract?
    Small pieces of code that run on the etherium blockchain. The code i programmed with solidity and handle money.

  3. How is transparency achieved with ethereum code?
    The same way as on the bitcoin blockchain. Its open, everybody can watch it and its secure, once its made it can not be changed or deleted. The miners secure the net by incentives.

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#1054
  1. Web 1.0 = Internet age when websites were static just could post information as a text and images and it could be read. No change was possible
  2. Smart contract = is a small piece of codes that runs on Ethereum blockchain
  3. Everyone can read the code of the smart contract and check what is doing
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#1055

  1. Web 1.0 was text, images and links.

  2. Small pieces of code that run on the ethereum blockchain.

  3. Smart contracts are programmable transactions on the blockchain that can hold money and execute without the need for a third party using Solidity.

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#1056
  1. Web 1.0 stands for websites with static content, that can only be read, no other content than documents, pictures, articles etc.
  2. Smart contract is the programmability of money. Once defined no one can change the conditions who is gonna get the money under which prerequisites.
  3. The code is publicly visible on teh blockchain. Everyone can look up the terms of the contract. In smart contracts there are no intermediaris envolved.
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#1057
  1. What was Web 1.0?

This was when websites were static. You could have text, lists, and images but nothing like accounts or social media.

  1. What is a smart contract?

A smart contract is a small piece of code that is able to own money and pay out money based upon the criteria written in the code. It is unstoppable and transparent.

  1. How is transparency achieved with ethereum code?

Ethereum is an open source code, so anyone can look at what the code says and what it is doing.

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#1058

Web 1.0 was just static images, links and text. As opposed to Web 2.0 which includes JavaScript allowing for dynamic and programmable web pages.

A smart contract is a piece of code that can handle money and, in the case of smart contracts run on Ethereum, are unstoppable once they have been deployed.

Transparency is achieved through relying on code instead of humans, allowing for decisions to be programmed and allowing for there not to be a need for trust, as the desired outcome to a situation can just be programmed, and will be executed without anyone having a chance to rig the system to their advantage.

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#1059

Answer all questions and post your answers in the thread linked below.

  1. What was Web 1.0?

A way to publish and read static information

  1. What is a smart contract?

It’s blockchain 2.0 , a way to add scripting to the blockchain, automation of rules of how to handle assets, programmable money :moneybag:

  1. How is transparency achieved with ethereum code?

Smart contracts code are open for everyone to verify them and find possible bugs, they benefit from being part of the blockchain and are immutable so their code can’t be tampered with

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#1060

  1. The internet before JavaScript. When there were only static websites

  2. A programmed transaction that can also hold money on the blockchain.

  3. The code is open source, so anybody can see it and trust the code and the math. Or anyone could see it is flawed if that is the case. there is no way to take back what is deployed on the blockchain

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#1061
  1. Web 1.0 was fully HTML. Only static websites with information in the form of text and links. Then came JavaScript and web 2.0.
  2. A smart contract is a programmable escrow where funds are deposited and only released to parties when certain conditions are met. It is a way to make money programmable.
  3. Transparency is achieved with Ethereum code because smart contracts are stored in the blockchain and they cannot be altered after they are made.
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#1062
  1. What was Web 1.0?
  2. What is a smart contract?
  3. How is transparency achieved with ethereum code?

  1. Web 1.0 consisted solely of static HTML text.

  2. A smart contract is a program that lies on a blockchain and executes various commands depending on external variables.

  3. The code is available for all to see, allowing all parties to come to consensus on the validity of the contract that has been written.

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#1063

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

  1. What was Web 1.0?

Internet with static content, just text, images and links

  1. What is a smart contract?

A piece of executable code on top of the blockchain

  1. How is transparency achieved with ethereum code?

Everyone can read the code and see what the contract (code) is doing

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#1064
  1. Web 1.0 is static website. First stage of development on the world wide web.
  2. Smart Contract is small pieces of code that is running on Ethereum, using solidity.
  3. Transparency acheived through smart contract. Enable to send money without the middle man, hold and programmable money/asset that nobody can stop it. Some individuals can create their own smart contract and it is trustless.
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