Homework on Ethereum Intro

Ethereum 101
#1507
  1. What was Web 1.0?
    Web 1.0 is internet non dynamic internet, without Java Script
  2. What is a smart contract?
    A smart contrat is a piece of code running on the Blockchain used to make money programmable
  3. How is transparency achieved with ethereum code?
    Transparency is achieved throught the Blockchain, everyone can see what happens to the money
1 Like
#1508
  1. Web 1.0 was only able to serve static content and couldnā€™t have the contents of a page change from user input. Whereas in Web 2.0 JS enabled dynamic content.
  2. A smart contract is a piece of code (similar with a class) that executes on the blockchain.
  3. Transparency is achieved due to everyone being able to read the smart contracts and analyse what the code does.
1 Like
#1509
  1. What was Web 1.0?

The first version of the web that only had Static text image or link capabilities.

  1. What is a smart contract?
    A small piece of code that runs on ETH blockchain , small programs.
    Smart contracts are made using Ethereum Virtual Machine (EVM) ingrained on each node in the Ethereum network.

  2. How is transparency achieved with ethereum code?

Every transaction/contract is accessible & can be read by anyone with access to the internet & it is ingrained in the protocol in such a way that it cannot be changed once written on the blockchain.

1 Like
#1510

  1. What was Web 1.0? only static content using HTML tags

  2. What is a smart contract? A program that respect the contract through a decentralized way. It is very hard to modify the contract without the consent of every parts.

  3. How is transparency achieved with ethereum code?
    Smart contracts are executed using the EVM (ethereum virtual machine), which ensures that the smart contract isnā€™t trying to perform any malicious activity on the nodeā€™s computer. The node keeps track of the smart contract and the current state of said contract. Transparency is the easy of validate information on any node having a copy of the cntract

1 Like
#1511

  1. Web 1.0 is name for old style static web pages which used HTML only

  2. A smart contract is name for programable blocks which are part of eth blockchain

  3. Smart contracts are public and on blockchain for everyone to see them.

1 Like
#1512
  1. Web 1.0 was borring, static. Only contained text, pictures, links.
  2. Smart contract is short program ( code ), that can be run on blockchain. Can hold money and after programed condition are achieved, can send money.
  3. As long is smart contract running on public blockchain, anyone can see it and check it. As well, due to absence of middleman we now trust only math and cryptography.
1 Like
#1513
  1. What was Web 1.0?

*Web 1.0 is the term used to refer to the first stage of development on the World Wide Web that was characterized by simple static websites. The term Web 1.0 didnā€™t appear until the term Web 2.0 was coined in 1999 by Darci DiNucci.

  1. What is a smart contract?
    A smart contract is a computer program or a transaction protocol which is intended to automatically execute, control or document legally relevant events and actions according to the terms of a contract or an agreement. The objectives of smart contracts are the reduction of need in trusted intermediators, arbitrations and enforcement costs, fraud losses, as well as the reduction of malicious and accidental exceptions.

  2. How is transparency achieved with ethereum code?
    All the data is transparent and available to be traced by anybody but the confidentiality can be achieved by encryption. In other words, the confidential information is saved on the blockchain in an encrypted format.

1 Like
#1514
  1. Web 1.0 was just simple websites and links.
  2. A piece of code to execute a transaction in the real world. it cannot be adjusted after the contract is created.
  3. there are many nodes within the network which guarantees trust.
1 Like
#1515

  1. web 1.0 was the static internet space. where every web page was static and there was no way fpr users to imteract with pages. it was intermet before javascript

  2. smart contracts are programmed contracts in the blockchain which save the money and make the transaction if the conditions are met.

  3. anyone can see what is happening in the contract who is transfering to whom and what are the conditions of the transfer. and there is no way for anyone to change it

1 Like
#1516

1,web 1.0 is a static web we can only use it for texting, see images, links are examples of web 1.p
2,smart contract is a small piece of code its unstoppable and transparency
3, Transparency achieved in a ethereum code is we can trust any person without knowing each other and its not changeable so we can trust the tecnology instead of each other

1 Like
#1517
  1. Web 1.0 included text, links, and images. There was no programming (JavaScript) on Web 1.0
  2. A smart contract is a program written in solidity on Ethereum that allows users to interact in a programmatic way.
  3. Transparency is achieved through blockchain technology. All transactions are on the Ethereum blockchain; they canā€™t be changed afterward.
1 Like
#1518

  1. Web 1.0 was the internet before JavaScript where websites were simple and static consisting of text, images and links.

  2. A smart contract is a dynamic program that can hold and manage money on a blockchain.

  3. Transparency is achieved by having the smart contract open source.

1 Like
#1519

Web 1.0 was limited to sharing text, images and links.

Smart contracts are pieces of code that run on the ethereum network.

Once initiated, smart contracts canā€™t be altered to behave differently. Transactions of funds are visible to anyone. There is no need for a third party, trust is not needed.

1 Like
#1520
  1. Web 1.0 is the early stage of the World Wide Web where websites are a combination of text images and hyperlinks. Itā€™s static, a read-only web that offers little to no interaction.
  2. A smart contract is a small piece of code that runs on the Ethereum network. They are programs that hold and distribute funds/token according to conditions/rules written in the code and become self-executable when those conditions are met. Once deployed the smart contract cant be changed.
  3. Ethereum codes are transparent because the Ethereum network is a blockchain network. Deployed code is immutable and requires validation via consensus where everything is open and available for testing.
1 Like
#1521

Excellent answers, Itā€™s easy to understand. Please keep them like that :muscle:

Carlos Z.

2 Likes
#1522
  1. Web 1.0 was only a static website - where you could read and share info
  2. a smart contract is a financial application (programmable money). You programm the SC and then it is unstoppable, you can not reverse it. It is a trustless and transparent and you do not need a middle man.
  3. transparency is reached through the blockchain technology - everything is written on the blockchain and can not be removed or changed.
1 Like
#1523

  1. Web 1.0 was the first generation of websites which was not dynamic and there were only text informations to be read. No graphics, no audios, no chats and nothing but just text.

  2. Smart contract is a contract written by solidity language which once you deploy it you will not be able to change its behaviour in future. So it does what it has been programmed for.

  3. Every transaction, address, smart contracts are open to everyone. You are able to check any sort of data on ETH network and its open to everyone.

1 Like
#1524

  1. Web 1.0 was made of static webpages with a bunch of links, photos and texts. Bitcoin is the web 1.0 of blockchain technology.

  2. Smart contract is a piece of code that can hold and decide what to do with the assets being held.

  3. Transparency of the ethereum is being achieved with the characteristic, that anyone can look into the code that is being used. It is public for everyone to see.

1 Like
#1525

  1. What was Web 1.0?
    Static web content/boring

  2. What is a smart contract?
    A blockchain contract that can hold money until the set rules apply

  3. How is transparency achieved with ethereum code?
    Everybody can see the smart contract

1 Like
#1526
  1. What was Web 1.0?

it is was the original internet that has static pages an limited functionality before JS was utilised to develop engaging and dynamic web pages that could be used to engage with more individuals within the world community.

  1. What is a smart contract?

A smart contract is a small piece of code that can hold or own money and undertake actions that are pre determined, these are trusteless pieces of code as they need to verify inputs to complete actions.

  1. How is transparency achieved with ethereum code?

transparency is achieved through the immutability of ethereum blockchain and that every transaction or contract is verified mathematically rather than via a person.

1 Like