Homework on Ethereum Intro

[nictay]

@filip

• What was Web 1.0?
• What is a smart contract?
• How is transparency achieved with ethereum code?

1). Web 1.0 was when websites were only static, there was no JavaScript to allow dynamic interactions with site visitors.
2). A smart contract is a trustless contract on the blockchain that can be programmed to fulfill a desired action if a condition is met (an if/then proposition). Could be for shares of a real estate project, or sending inheritance, or a design prize, etc.
3). Transparency is achieved because the blocks can be verified by anyone interested.

[ludvighatle]

1. What was Web 1.0?
   Web 1.0 provided static “boring” website that consisted of text, images or links. It was a web without JavaScript.
2. What is a smart contract?
   Can be looked at as Blockchain 2.0. It is a code that creates a transparent, trustless system without a middle man. You can create a smart contract that tells if “this” happens, then “this other event” will happen.
3. How is transparency achieved with ethereum code?
   The ethereum code is open source. The smart contracts are transparent, available for everyone. Information of every transaction are “craved” into the Blockchain and it is very hard to change the transactions.

[KryptoS]

1. What was Web 1.0?
Web 1.0 was the first stage of Internet. The web sites were static consisting of text, images, links unlike Web 2.0 which is interactive, provides dynamic content.

2. What is a smart contract?
Smart Contract is a program deployed on a block chain which executes when the certain conditions are met. Since it is deployed on a block chain, it is immutable and cannot be stopped.

3. How is transparency achieved with ethereum code?
Transparency is achieved by running smart contracts on ethereum block chain which is trust less, publicly distributed and can be audited by anyone.

[ChuckNorman]

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

1. What was Web 1.0?

• First version of web. Static pages with text, likes and images. Web 2.0 introduced java and dynamic pages that adapted to the user. Accounts, chats etc.

2. What is a smart contract?

• It’s a piece of immutable and programmable code deployed on the Ethereum blockchain. It can as an example be used to create a contract that releases funds at a certain date.

3. How is transparency achieved with ethereum code?

• Anyone can view deployed contracts and transactions on the Ethereum blockchain. In this way humans, machines and other contracts can verify instead of blindly trust the contract.

[DavidRib]

@filip

• What was Web 1.0?
• What is a smart contract?
• How is transparency achieved with ethereum code?

1- Web 1.0 are not programmable webpages, you only can consult.
2- Is a program that controls money.
3- By the use of blockchain.

[Imhotep]

WEB 1.O is basic first generation web without features like chat or applications made possible using Java script programming.

Smart contact is the ability to perform money transactions based on meeting contract obligations.

Smart contract create transparency of how money is and will be spent. You are able to review conditions and transactions without a third party being involved.

[lbwj]

1. What was Web 1.0?
   The original version of the internet consisted of static web pages that could be only show text, images, links with minimal publishing and user sharing possibilities - and without interaction or adapting of web pages according to the user.

2. What is a smart contract?
   A smart contract is a small piece of code that may be programmed using on a blockchain. For example on the Ethereum blockchain, smart contracts are programmed using Solidity and deployed on the network. Smart contracts can ‘own’ value and can be programmed with specifications on how to handle this ‘value’. These smart contracts are immutable and cannot be shut down.

3. How is transparency achieved with ethereum code?
   As in BTC, transparency on the Ethereum blockchain is guaranteed by the trustless nature of the protocol. Trust shifts from humans to the math of the protocol; all network participants can ‘see’ and verify what’s happening to a smart contract. A smart contract is ingrained into the blockchain, and any change to it will require tampering with the block structure itself. The immutability built into the blockchain structure makes this tampering mathematically improbable.

[Johnb3]

@filip

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

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

Ans.1)
Web 1.0 was a network of static pages containing primarily text, links used for sharing information, and maybe even an image could be included. This was mainly popularised by researchers sharing their discoveries or data.
Ans.2)
A smart contract is programme language (solidity) code running on an Ethereum network.
Ans.3)
Ethereum operates on an open-source public ledger blockchain. (avail. to everyone with an internet connection) Transparency is achieved through this median.

[bjamRez]

1. What was Web 1.0?
   Web 1.0 is the very first version of the WWW, where it delivered static content. The design of the websites were not interactive, read-only, no animations and were connected by “hyper-links”.

2. What is a smart contract?
   A smart contract is a self-executing code, named Solidity, in the Ethereum blockchain. This allows for transactions between buyer and seller to be autonomous and time sensitive. Smart contracts can have many applications including, real state, supply chains, copy write, health records and many others.

3. How is transparency achieved with ethereum code?
   Transparency is achieved through confidentiality on an open ledger, much like Bitcoin. The transactions are encrypted but they can be shared to authorized individuals through the code-generated digital keys.

[Bdigger]

1. Static web 1.0 for links images
2. You can programme accounts communicate better using code control your digital currencies tx payouts /payins, transaction protocol trustless technology owned by no one
   3.anyone can view transactions in a transparent way , look at sender and receiver documents visibility on blockchain and trust math not necessary to trust each individual, code can be deployed and unstoppable

[confusius]

The first stage of development on the World Wide Web that only offered people one-way communication and information on a static base.

Is a computer program that directly controls the transfer of digital currencies or assets between parties under certain conditions.

Because Confidential information is saved on the blockchain. In other words, the confidential information is saved on the blockchain in an encrypted format, and the keys of decryption can be shared only with authorized individuals.

[cdurri]

Web 1.0 was:

• Static websites, consisting of text, images and links
• Web 1.0 mainly served the purpose of conveying information

A Smart Contract is as follows:

• A application that is programmed on the blockchain
• Money can be put into a Smart Contract
• Conditions are programmed into the smart contract
• The money will only be released if/when the conditions are fullfilled
• A smart contract cannot be undone, once the money is put in, it can only be released if the conditions of the smart contract are fulfilled.
• Smart contract are essentially a way to create programmable money and assets

Transparency is achieved as follows:

• All smart contract applications are programmed on a transparent blockchain
• This means that the nature and composition of the smart contracts can be verified easily, making it very transparent
• The smart contracts cannot be altered by any individual or entity, once they have been deployed
• This transparency removes the need for trust between parties

[Erich_Assuncao]

1. A static programming language that only allowed for images, text, and links.

2. It’s a blockchain app that can program the way money behaves.

3. Just like BTC, everyone on the network can see the transactions. Trust is put on the technology alone and not on any human third party.

[max_wolflife]

1. first generation of web pages where you can read content, but can interact with it
2. dynamic unstoppable program which can be created in solidity for ethereum space
3. process runs unstoppable and transparent for anyone

[J.Childs]

Hello,
1) Web 1.0 was static websites consisting if only text, images, and links.
2) A smart contract is a small piece of code ran on the Ethereum network able to owe and disseminate financial assets.
3) Transparency is achieved with the Ethereum code by being a public blockchain allowing everyone to see the source code to the smart contracts and once entered into the blockchain it can not be undone. This eliminates the need for a “middle man” and is considered a trustless system.

[PyrrhoEllis]

1. The first version of website, very simple, no javascript, no ability to ‘login’ or have users, etc.

2. A smart contract is a contract that is programmed into a blockchain transaction. For example, you want to leave money to a family member when you die, you program the smart contract to deposit funds into their account once you die.

3. Through the coding of the transaction you can see what the smart contract is doing.

[Hirbed]

Homework: Ethereum intro

1. What was Web 1.0?

A static blockchan, none dynamic contract when a transaction is done nothing will or can be changed

2. What is a smart contract?

Ethereum using smart contracts where you in Solidity can create a smart contract, when a contract is signed, certain (in code) conditions must be fulfilled to have the contract to get executed. And it can’t be removed or changed after it’s signed/created/deployed, if it’s not have a remove/change function in the code in the beginning. So when done it’s trust less and are immutable . Almost as normal(human) contract but with two big difference, when it’s signed certain conditions must be fulfilled to have the contract to get valid, but it’s changeable (with a middleman) as you can write a new contract and remove the old one as long it’s not fulfilled the conditions in the contract.

3. How is transparency achieved with ethereum code?

As it’s transparent no way to change it, as it’s on blockchain that are immutable

[Yogalholic]

1. Web 1.0 was static pages, if we wanted one element of a webpage de change we had to reload the whole page.

2. A smart contract is a chunk of code that handles money

3. The ethereum code is open to everyone to read it and there is no way to cheat about it.

[Myc]

1. What was Web 1.0?
   …the first version of the internet were only static data could be published, such as text, images, links.

2. What is a smart contract?
   …pieces of code programmed using solidity, which cannot be shutdown

3. How is transparency achieved with ethereum code?
   …code resides on the blockchain and can be verified by everyone to see how the contract is designed to execute. Middlemen are removed from the process, so only the coded contract needs to be trusted.

[ale_koq]

Web 1.0 includes static data such as images, text and links.

Smart contract is a predetermined contract which will execute itself if agreed conditions are fulfilled.

Ethereum code is based on blockchain and due to its’ build characteristics it’s transparent.