Homework on Ethereum Intro

Ethereum 101
#1407

  1. What was Web 1.0?
    Web 1.0 was the first stage of internet, before java scrip, static, only capable of sharing texts, images and links.

  2. What is a smart contract?
    A smart contract is a peace of software that runs on a blockchain. Eliminates the need to trust third parties

  3. How is transparency achieved with ethereum code?
    3- It is a permissionless system. Once the code is deployed, you do not need to trust anyone. You only need to trust the math

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#1408
  1. What was Web 1.0?

Web 1.0 was when we could make boring static websites that only had text, images, and links. It was simple.

  1. What is a smart contract?

A smart contract is a piece of code that is deployed on the Ethereum network. The smart contract is programmed to hold money and send money to a specific place when certain conditions are met. The smart contracts are programmed with a language called Solidity. Once they are deployed on the blockchain they are unstoppable, no person can stop them from executing their function that they were programmed to do.

  1. How is transparency achieved with ethereum code?

Transparency is achieved because the contents of the blocks are available for the public to see. It is a distributed ledger and so people can review the transactions and see where money is going, and they can also see the smart contracts that are holding money. In a case in which the government funds are on the blockchain, their movement of money now is transparent and they have an incentive to not be as corrupt because their corruption would then be reflected in the ledger and proof that they are corrupt.

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#1409

  1. Web 1.0 can be thought of as the Internet prior to JavaScript in which webpages were primarily rendered by static html only.

  2. A smart contract is a way of sending money in which the funds are released to a recipient upon meeting conditions outlined by the contract. The contracts are programmed on the blockchain dynamically to meet user preferences.

  3. Ethereum smart contract code ensures that funds cannot be touched by an all powerful central authority per se until contract terms release them thereby increases the transparency of the system.

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#1410

1.Static website only consist of text and image functions

2.small peices of code that run on eth blockchain, programmed

  1. Its similar structured like pow, once added cannot be altered
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#1411

1.What was Web 1.0? The internet before JavaScript

  1. What is a smart contract? A digital contract coded to perform a particular action and can not be altered

  2. How is transparency achieved with ethereum code? Everything can be seen on the ethereum blockchain and it would be hard, or impossible to change that fact

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#1412

  1. Web 1.0 was static website with text and images

  2. Smart contracts are small pieces of code that run on Ethereum blockchain, which are transparent and unchangeable.

3.Ethereum code brings transparency through smart contact, which is visible for all, unstoppable and doesn’t need any intermediaries.

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#1413

web 1.0 is used for text images and links

a smart contract is small pieces of code that run on eth network that can hold money

transparency is achieved in eth by removing the middleman

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#1414

  1. Web 1.0 was the first version of the internet that was static before JavaScript came along and made it dynamic.

  2. A smart contract is programmable code that can be used for transactions on the Blockchain that can not be changed after it is broadcast to the network.

  3. Transparency is achieved with ethereum code similar to the way that is achieved with Bitcoin. The smart contract is broadcast to all the nodes on the network so everyone on the network has a copy of the smart contract.

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#1415

1.) Web 1.0 was a version of the internet when web pages were static with very littler interactivity between the web page and visitors allowing only the sharing of text images and links. Web 2.0 created more dynamic and programmable web pages with the use of javascript.

2.) A smart contract is code that runs on the Ethereum Blockchain using solidity programming language. With smart contracts assets are programmable and a high degrees of transparency is achieved.

3.) Transparency is achieved because anybody can observe the operations of smart contracts on Ethereum Blockchain. There is no need for 3rd party intermediaries in the creation of contracts and no one person can alter or change the smart contracts on the Ethereum blockchain.

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#1416

  • What was Web 1.0?
    Static webpages

  • What is a smart contract?
    A blockchain based contract that can be programmed to respond to an event.

  • How is transparency achieved with ethereum code?
    All transactions are public for anyone to view and verify.

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#1417

  1. Web 1.0 was the first version websites all over the internet when Javascript hadn’t yet made its appearance. It was static, meaning all you had were text, images, link and dynamic content like chats, social media, etc…

  2. A smart contract is a small piece that, in the context of this course, is programmed and run on the ethereum blockchain. It’s completely unstoppable (meaning that once deployed there’s no way to shut it down due to the same principles that run the BTC blockchain), transparent and allows for transactions (in a general meaning) in completely trustless/decentralized way.

  3. the code is completely open and you can see what the smart contract is doing/will do

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#1418
  1. Web 1.0 was just simple static websites with text, images and links without any dynamic sites with features such as a chat.
  2. A smart contract is a code that can own and decide what to do with money allowing highly flexible programming functions for transactions.
  3. Transparency of smart contracts is visible to everyone verifying exactly what the contract is programmed to do.
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#1419

1: Web 1.0 was static and contained data, images and links. It was not possible to interact with the website.
2: A smart contract is a code that runs on the blockchain. The conditions of the contract are set and automatically executed when the conditions are met.
3: The contract is open source and therefore publicly viewable by anyone with internet access.

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#1420

Web 1.0 was the static “boring” internet that you could just read information from. There was no user interaction with the internet.

Smart contracts are pieces of code that can hold and program money to do what we want it to do. Once a smart contract is deployed it is unstoppable. Smart contracts do not need any intermediaries and gives the owner of the contract a high level of control of their digital assets and money.

Because transactions are executed on the ETH blockchain, the TXs are immutable. Smart contracts send and receive money without an intermediary because it’s executed by the pieces of code which increases transparency.

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#1421
  1. What was Web 1.0?
  • The internet before Javascript when you could only do basic functions i.e. read text, view pictures and go to basic links and websites, etc. Internet 1.0 was static and not dynamic.
  1. What is a smart contract?
  • Basically, programable money where you can set conditions on how your money is spent, used, and allocated.
  1. How is transparency achieved with Ethereum code?
  • Scripts and code are all open source on the Etherum blockchain. As well, code is immutable and permissionless relying entirely on algorithmic code.
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#1422

  1. Web 1.0 was more about reading and sharing information. For example, reading images, text and sending links. It was static.

  2. A smart contracts are pieces of codes that run on etherium that can be programmed for what you want to do with it, it can store money, send money, etc. For example, you buy a product on the internet. You program the contract to only send the money once you receive the product. If you don’t get it, the money goes back to you. You don’t need a middleman to execute a trade or anything.

  3. Transparency is achieved as anyone can view the smart contract and what it does. There is no way to change it, shut it down or stop it. It is based on a “trustless system” Don’t trust, verify.

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#1423
  1. static: no interaktion, just text and images
  2. piece of code running on blockchain, unstoppable, irreversable but for everyone accessable.
  3. everyone can see the codes of a smart contract
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#1424

  1. Web 1.0 was static. No logins, user interaction, etc.

  2. A smart contract is a piece of code that handles money. It can be programmed to send money to someone once a certain event happens, or do pretty much anything with the funds.

  3. Anyone can look at a smart contract. It’s on the blockchain, free for everyone to see. Anyone can see what a smart contract will do with their money. Don’t trust, verify.

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#1425

  1. Web 1.0 was all we had in early internet days before js. Websites only had text, images, and links.

  2. A smart contract is code deployed on the Eth network. They are performed using Solidity. They are mostly used to hold and send money after and only when the designated conditions are met which makes them dynamic.

  3. Eth smart contract code is visible to all and is impossible to alter from the original designation of function, making it trustless and transparent.

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#1426

  1. What was Web 1.0?
    Answer: Web 1.0 was a static network that only enabled users to write/view text, create/view images, and create/view links or webpages/websites.

  2. What is a smart contract?
    Answer: A smart contract is a programmable piece of code that runs on the ethereum network.

  3. How is transparency achieved with ethereum code?
    Answer: Transparency is achieved with ethereum code called solidity and by making all transactions and their information transparent and visible for everyone to see and investigate. Its permissionless and trustless meaning you don’t have to trust any particular entity because you can verify the code on the blockchain.

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