Homework on Ethereum Intro

Ethereum 101
#1065

1)WeB 1.o was the first internet version. It was static and could only show text, images and links.
2)A smart contract is basically equivalent to a letter of credit, with the advantages of the blockchain security and transparency. The contract is executed once objective criterions have been met and received . It makes the blockchain programmable and dynamic.
3) Transparency is achieved because all conditions are verifiable

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#1066
  1. It is a static website. only text image and link
  2. It is a programmable code written with solidity
  3. It is public and everyone can read it.
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#1067
  1. Web 1.0 First evolution of the web; static web pages
    2.) Smart Contract is a transaction processed on a blockchain
    3.) Ethereum code eliminates the need for middlemen; transactions are public and trustless.
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#1068

  1. What was Web 1.0?
    Web 1.0 is the first version of the webpages on the internet. Very static. There where no possibility chatting or interactive conversations.

  2. What is a smart contract?
    A smart contract is a programmed agreement. So you can make agreement to pay someone if certain conditions are met. The contract is fully automated and trustless because off the math behind it. You can put the money into the contract and the payment will make automatic. The contract is irreversible unless it is programmes info the contract.

  3. How is transparency achieved with ethereum code?
    Ethereum code is captured info a open blockchain format. That is why it is transparant and approachable for everyone to ready.

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#1069

  1. Web pages with little to no interaction with the user

  2. A smart contract is a coded contract on the blockchain

  3. Transparency is accomplished via the trustless nature of the blockchain

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#1070

Web 1.0 is the first version of the internet which didn’t have a Java script.

A smart contract is a code that can’t be changed.

Transparency is achieved since everyone can see the ledger.

#1071

2. What is a smart contract?

A smart contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract . Smart contracts allow the performance of credible transactions without third parties.

Hope this gives you a clear picture of the subject.
If you have any more questions, please let us know so we can help you! :slight_smile:

Carlos Z.

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#1072
  1. static websites that could only show text, image and links.
  2. basically small pieces of code on the ethereum blockchain.
  3. EVERYONE can see what is happening .
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#1073

  1. Less interactive internet websites prior to java script being introduced

  2. Small pieces of code that follow specific rules that can own and decide what happens to money

  3. Everyone can see whats happening with contract and cannot be altered once created and broadcast on chain like a bitcoin transaction

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#1074
  1. static websites with images, text and links
  2. A small pieces of code programmed in Solidity, running on the Ethereum blockchain that can own money and manage transactions and their conditions
  3. Through PoW and transactions being publically published on the Ethereum ledger, like Bitcoin
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#1075
  • What was Web 1.0?

Web 1.0 was the Internet before JavaScript was introduced. It was limited to only text, images, and links.

  • What is a smart contract?

Smart contracts are small pieces of code written in a language called solidity, which you use to write conditions for conducting a business or financial transaction to be put on the block chain.

  • How is transparency achieved with ethereum code?

In writing a smart contract using solidity, you put it on the block chain. The fact that it gets put on the block chain for anyone to see and that it cannot be altered, achieves transparency, thus creating a trust less environment.

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#1076

What was Web 1.0?
web 1.0 is basically consisting on few options, such as reading, and sharing information.

What is a smart contract?
a smart contracts, are a small pieces of code, that we can program exactly what we want.

How is transparency achieved with ethereum code?
smart contracts give us transparency.

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#1077

Thank you for the answer @CryptoBuddha Very delighted to have you on board! If you get stuck anywhere or have questions, please feel free to reach out. We are always here for you.

Happy Learning! :smiley:

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#1078

Thank you for the answer @Ibrahim_Moufawad1 ! Very delighted to have you on board! If you get stuck anywhere or have questions, please feel free to reach out. We are always here for you.

Happy Learning! :smiley:

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#1079

Web 1.0 was static, you could only read and share information. Web 2.0 brought about dynamic code much like Ethereum.

A smart contract is small pieces of code that controls money in a trustless, transparent environment.

Transparency in ethereum is achieved through smart contracts. Once assets are locked up they cannot be removed unless certain criteria is met. This can be seen as the code and transactions are on the blockchain.

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#1080

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

  1. What was Web 1.0?
    This is the inception of internet which has limited features such as static page,image representation and links to others which are just to read information only and not interact.

  2. What is a smart contract?
    A smart contract is a piece of code that can be executed on blockchain in a dynamic,programmable and interactive manner.

  3. How is transparency achieved with ethereum code?
    Transaparency is achieved because no one can interfere with the code once it is deployed without consensus from other member of the community.

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#1081
  1. What was Web 1.0?
    basic websites with just html before javascript
  2. What is a smart contract?
    a piece of code that runs on the ethereum blockchain through the EVM
  3. How is transparency achieved with ethereum code?
    all transactions are public and viewable using a block explorer.
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#1082

What was Web 1.0?
A: Fixed, static websites that was comprised of text, images, and links to more of the same. Interaction that was able to adapt to the individual using the site was not possible.

What is a smart contract?
A: A trust-less, self-executing contract created and entered on the blockchain that cannot be changed outside the parameters programmed by the creator.

How is transparency achieved with ethereum code?
A: The Ethereum code is on the POW (soon to be POS) Ethereum network/blockchain for all to see and verify without trust in any party involved, or not involved, needed.

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#1083
  1. its simply static websites with text, images and links. not dynamic
  2. Programmable code on the blockschain
  3. its a permissionless system. onec the code is deployed, you do not need to trust anyone
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#1084

web 1.0 was the first internet. Static websites. Just text and not interactive.
A smart contract is code running on the ethereum blockchain. For instance programable currency. You can program a specific protocol that will run on the blockchain that can not be changed after deploying. With all the features.
Transparency is achieved because everybody using the network can see and check the code. It is all open source.

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