Homework on Ethereum Intro

Ethereum 101
#1186

1.)
Web 1.0 was not dynamic or programmable.
Just text, images, links
First java script made web 2.0 possible

2.)
Smart contracts are small pices of code, which run on the ETH blockcahin. (written in Solidity)
A smart contract can own money and decide to send it, if a certain requirement is met.

3.)
-All transactions can be viewed openly.
-Everyone can openly view and verify the code of a smart contract.
-Smart contracts cannot be changed afterwards.

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#1187 
What was Web 1.0?

the ancestor of Web 2.0 , only static and boring but step 1

What is a smart contract?

Those are small pieces of code to implemente inside the ETH blockchain in order to execute financial actions

How is transparency achieved with ethereum code?

The transaction and money flow is readeable from anyone

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#1188
  1. What was Web 1.0?

Web 1.0 was the first websites on the internet that only showed text imagines and links. You could not chat, have accounts or social media.

  1. What is a smart contract?

Smart contracts are smart, dynamic and programable assets/currency. They are small bits of code on the ethereum blockchain that use the solidly programming language.

  1. How is transparency achieved with ethereum code?

Transparency is achieved on ethereum by being able to see who is sending/receiving money and everyone can see what is happening to the money.

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#1189

  1. Was the first version how the websites were building. The pages only could contain text, images and links.

  2. It is a program with a certain rules that controls transactions. If the rules specified in the contract are met, the output is automaticly processed without any of the parties involved trust the other ones.

  3. Ethereum has its blockchain, like bitcoin, and all the contracts and transactions can be verified openly.

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#1190
  1. What was Web 1.0?

Static websites only showing text, some images, and links, basically only reading and sharing information.

  1. What is a smart contract?

Basically, small pieces of programmable code that run on the ethereum blockchain (using a program called Solidity).

  1. How is transparency achieved with ethereum code?

Open, transparent code (everyone can see) that cannot be changed (like on the bitcoin blockchain).

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#1191
  1. Web 1.0 was websites with images and text.

Web 2.0 introduced JavaScript as a programming language that allows people to program their websites. Videos and user profiles were added that allowed people to interact with each other and the internet itself.

Web 3.0 will be the future, primarily being a decentralized network.

  1. Bitcoin introduced the blockchain, a distributed immmutable ledger for transactions. Ethereum developed on these concepts with smart contracts. Using the programming language Solidity, the contracts themselves can own and decide what to do with money based on the rules they have been programmed with. For example, paying an inheritance to grandkids after a certain period of time.

  2. Sharing many of the same properties of the bitcoin blockchain (decentralized, consensus driven etc), these smart contracts are also transparent.

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#1192
  1. Web 1.0 was static web sites which only had text, images and links.
  2. Smart contracts are dynamic and programmable blockchains.
    3 Transparency is achieved by using programmable language of solidity. Solidity is unstoppable and every once can see what is happening
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#1193
  1. Web 1.0 was the static web technologies before javascript came along and made for more interactive pages.
  2. A smart contract is a piece of code that runs on a blockchain, the etherium blockchain in our case.
  3. Both parties are able to read the code of the smart contract allowing them to trust each other without knowing each other. Don’t Trust! Verify!
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#1194
  1. Web 1.0 was the first generation of blockchain technology. It is the version bitcoin is running on.
  2. A smart contract is an unstoppable contract. You can give it money and tell it how to use that money. Once it has been deployed there is no changing it.
  3. You remove the middleman from the transactions. And transactions are traceable you can see who sent money and who received it.
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#1195

  1. Was static websites before javascript was adopted.

  2. A small piece of code that where a transactioncan be trustlessly executed transperently peer to peer, with immutability.

  3. Etherium transactions, all are recorded and all transaction details can be viewed publicly.

1 Like
#1196
  1. What was Web 1.0?

This was an early version of the web, it was static, in that it could have text, images and links.

  1. What is a smart contract?

It is a small piece of code that runs on the specific network (in this case Ethereum). It is written in the Solidity programming language. It is transparent, in that you can see who the sender and receivers are and what is being done. They are unstoppable.

  1. How is transparency achieved with ethereum code?

You can see who the senders and receivers are and what the smart contract is actually doing. It means that there is no need to trust the other people because everyone can see what is happening in the code.

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#1197

  1. Web 1.0 was static, with text images and links only.

  2. A smart contract is code written and deployed on the Ethereum blockchain (as well as others) that can own and decide what to do with money.

  3. Anyone can view all transactions on the Ethereum blockchain.

1 Like
#1198
  1. What was Web 1.0?

The early internet, static, text, images, links.
No dynamic websites.

  1. What is a smart contract?

Programmable solutions that you can put on the Blockchain. It is secured by the network and cannot (most likely not) be altered once it is on the blockchain.

  1. How is transparency achieved with ethereum code?

Everybody has access to view the source code in the smart contracts.

1 Like
#1199
  1. Web 1.0 was the internet previous to Javascript. Web pages were static and could only hold text, images, and links.
  2. A smart contract is small pieces of code that runs on the ethereum blockchain. It allows you to program when and where you want the money to be transferred to.
  3. The code and smart contracts on the Ethereum blockchain are public and open source. Anyone can review the smart contracts.
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#1200
  1. First version of internet: non interactive, limited functionalities
  2. A contractual arrangement programmed to permit payment or other functionality when pre-established and agreed conditions are met.
  3. The code is open sourced and viewable by parties participating in a smart contract.
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#1201

Internet pioneer stadic websites

Solid unstoppable and transparent code linked to blockchain

Anyone can read it after it is created

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#1202
  1. Web 1.0 was the first version of websites that could only show text, pictures, etc and was very basic, it could not hold accounts, show videos and do online transactions like Web. 2.0…much less utility…
  2. A smart contract is basically programmable money…it is a protocol that allows a person too program what to do with money by executing the contract and it cannot be stopped or changed…
  3. Transparency is achieved because all smart contracts are on the ETH Blockchain and they cannot be changed or hidden, they are on the chain for all too see…
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#1203
  1. Web 1.0 was websites before java, they could only display text or images. Users could not interact with them
  2. A smart contract is a programmable protocol that can handle money in a trust less and uncensorable way
  3. Transparency is achieved by recording all transactions and smart contract interactions on the public ethereum blockchain
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#1204

Bitcoin uses UTXO’s and ETH uses balances. ETH was the first to implement Smart contracts. Bitcoin and Ethereum both have POW, Bitcoin is SHA-256, Ethereum uses ethash. ETH wil move to POS (maybe also progpow inbetween).

Smart contracts are run in EVM’s (Ethereum virtual machine’s) in a sandbox like environment. These Evm’s are decentralised to the miners who execute the smart contracts.

It has an uptime of 24/7/365 & more secure

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#1205

  1. Web 1.0 consisted of static websites that provided text, images, and links.

  2. A smart contract is software that runs on the blockchain. It eliminates the need for a middle man - the code executes when certain specific conditions are present. It cannot be changed or stopped.

  3. Transparency is achieved with ethereum code because the smart contracts are available for anyone to see. Decentralized platform

1 Like