Homework on Ethereum Intro

Ethereum 101
#1266

  1. It was pre-javascript webpages, without the interactivity we are used to today, for example uploading videos, posting comments etc.

  2. It is a small program that can own money and manage that money. For example a smart contract that pays out money when you die, or with a specific time-lock etc.

  3. Since smart contracts are published on a blockchain that is transparent to everyone and immutable, everyone can read and verify that the source code does what it is supposed to do.

1 Like
#1267

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

  1. What was Web 1.0?
    – Web 1.0 is the initial version of the internet where web pages were mostly static and not much functionality was possible

  2. What is a smart contract?
    – A Smart Contract is a decentralized programmable application written in the Solidity programming Language that runs on the Etherum blockchain

  3. How is transparency achieved with ethereum code?
    – The Smart Contract code in the ethereum blockchain is available for everyone to review. The code can not be stopped or altered and does not require a middle man to be enforced. It is enforced based on the logic or conditions programmed into the application

1 Like
#1268

Homework: Ethereum Intro

  1. What was Web 1.0?
    Web 1.0 was simple static website that can only display texts and images, you cannot log into accounts or play videos.
  2. What is a smart contract?
    A piece of code that can execute through Ethereum Virtual Machine, it can make the Ethereum currency “programmable” and decentralized. So you can program how your children can inherit your cryptocurrency money in case you passed away.
  3. How is transparency achieved with Ethereum code?
    The smart contract code is visible in the Ethereum public blockchain so everyone can view and verify with it. The code cannot be stopped or altered once it is put in Eth blockchain nor does it require any third party to enforce.
1 Like
#1269
  1. Web 1.0 was the beginning stage of the internet, sites were static ,limited and non-interactive.
  2. Pieces of code that can be executed on the blockchain.
  3. The smart contract is visible on-chain for all participants to verify it’s function. There is no secret to what it is and what it does.
1 Like
#1270
  1. Web 1.0 was a simple version of the internet now.
  2. Programable code that will execute the contract that it was coded to do so when all the requirements are met
  3. Everybody is able to see the code, and hence, the information with in the contract is publicly available
1 Like
#1271
  1. a simple static text based network of websites on the internet.
  2. programmable money, irreversible and triggered by event(s)
  3. the code is visible to everyone.
1 Like
#1272

it won’t let me access this?

#1273

  1. Web 1.0 is a static website, this is the basic type of website which can only shows text, images and links, in this type of website you cannot chat, you cannot create multiple accounts and other activities that can be done in a dynamic website which is the Web 2.0.

  2. A smart contract is a programmable contract, a small piece of code written in a solidity programming language that runs on the Ethereum blockchain. It is unstoppable it means no one can shut it down, It is transparent, It is trust less no need for any middle man/third parties/intermediaries to regulate the contract, and it will only execute what is it on the contract once the conditions are met.

  3. Transparency is achieved by having everyone be able to see and verify what is happening with the smart contract on the Ethereum blockchain and nobody can middle with it and nobody can go over and change how the smart contracts behaves since it is already ingrained with the actual blockchain and in the way how blocks are connected with each other.

1 Like
#1274
  1. was the primitive internet
    2)a small piece of code that operates on blockchain
    3)everyone can verify what’s the code programmed to do and who sent or received any crypto/tokens
1 Like
#1275

  1. What was Web 1.0?
    Basically static websites with text and images - very limited interaction

  2. What is a smart contract?
    A piece of software that runs on the blockchain written in Solidity. It cannot be changed
    or reversed and can hold money until an event specified occurs and only then money is released.

  3. How is transparency achieved with ethereum code?
    Smart contracts are public and can be viewed by everybody who wants to. It is a trustless system
    where you trust math and technology-

#1276
  1. The internet before java
  2. A contract that triggers automatically based on defined paramaters
  3. Everyone can see and verify the code
#1277

1. What was Web 1.0?

  1. Web 1.0 was the first version of internet when website were static and you can really interact with it or other users. That was before Java script that makes web 2.0 possible.
    2. What is a smart contract?
  2. Basically is a string of code (in Ethereum we use a language call Solidity) that you can create and deploy on ethereum network. It works like a normal contract you fit or achieve certain set rule and you can get the payment and by the way the money is already inside the network so nobody can’t change his mind and decide to don’t pay.
    3. How is transparency achieved with ethereum code
    Anyone can read the code of a smart contract, anyone can verify it. You don’t trust middleman you just verify.
1 Like
#1278
  1. Static websites with text and pictures.
  2. A contract programmed in to a blockchain. If A then B type of analogy.
  3. The code and smart contracts are public and visible in the blockchain.
1 Like
#1279

Hello sir, what do you mean that you can not access what?

If you have any more questions, please let us know so we can help you! :slight_smile:

Carlos Z.

#1280

  1. Web 1.0 is an outdated program that has only text reading. You can not do a script on it. There is very little interaction between web users and sites. Here you just receive information but can not post your views.

  2. With Web 2.0 you can do smart contracts that self execute themselves with the terms of agreement between buyer ans seller. Here is where the web user interacts as opposed to Web 1.0

  3. Once a code is deployed, you can not change it. It is decentralized, no centralized parties to change it.

1 Like
#1281

Web 1.0 - The earlier internet where we could only show static website , few images , Links and tests . We don’t have social media and nor could we make diff accounts . We can only read and share information .That is all .

Smart contract - Its are small pieces of codes runs on ethereum blockchain . We can create a smart contract by using a programming language solidity and deployed on ethereum blockchain . It is completely unstoppable . We can also see who is sending or receiving money with smart contract and thus achieved transpaency .

1 Like
#1282
  1. Static text web pages - no dynamic content (no html5, javascript, etc…)
  2. A set of conditional instructions for storing and distributing value on a blockchain network
  3. Everyone can observe the smart contract and blockchain to determine whether value is being stored and transferred according to the rules. The behavior of the smart contract is nominally irreversible (this would require forking as in the case of the DAO which led to Ethereum Classic)
1 Like
#1283

  1. Web 1.0 was the original web without javascript where only static pages could be rendered.

  2. A smart contract is a bit of code stored on a blockchain, which controls some value and cannot be stopped once started unless that is written in the contract.

  3. Transparency is achieved by publishing all smart contracts on the blockchain, of which the interactions can be viewed by anyone at any time.

1 Like
#1284
  1. What was Web 1.0?
  • static internet display of information which is not programmable and can only display information

  1. What is a smart contract?
    -They are small parts of code that are programmable on ethereum blockchain (using Solidity) which can help to do decentralized business opportunities with no issues of trust and middle man etc.

  2. How is transparency achieved with ethereum code?
    -Since ethereum is derived from Bitcoin blockchain tech, ethereum code once set up or programmed cannot be tampered or modified after and helps to give complete traceability of a business transaction or platform.

1 Like
#1285
  1. Basic websites (html), didn’t have web scripting (Java Script)
  2. It’s the automation with in blockchains, it allows for locking in cryptocurrency until a condition is met at which point it will release the funds, its also used for building DAOs.
  3. Solidity is a complete language which allows for smart contracts, each node running the ETH consensus algorithm can validate the condition for the smart contract.
1 Like