Homework on Ethereum Intro

Ethereum 101
#1527
  1. The internet
  2. An unstoppable program which can own and distribute money
  3. Runs on the blockchain
#1528
  1. Web 1.0 was the first generation of the internet (static pages manly texts not suitable for pictures or videos.
  2. a piece of code which can be used for conditional payments (trustless, no middleman, transparent, unstoppable).
  3. The smart contract is located on the Ethereum blockchain which is open and public for everyone to see.
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#1529
  1. It was the first version of the web that could only have text, images, and links. A very primitive version of the internet now.
  2. A smart contract i a specific code on the blockchain that can be use to program money to facilitate a action when certain conditions are met.
  3. Everything is public on the blockchain anyone has permission to view its contents.
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#1530

  1. What was Web 1.0?
    The first version of the internet, where you cuold only show & share information. No
    interactions (chats, etc) were possible.

  2. What is a smart contract?
    Smart Contract is a program that executes only certain predefined actions when certain
    predefined conditions are met.

  3. How is transparency achieved with ethereum code?
    The code are open source, everybody can read the smart contract

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#1531

1 - web 1.0 was a static version of the internet with only text and pictures
2 - a smart contract is a piece of code or a small program written in solidity. It is unstoppable, transparent, not reversible, it has a condition in it so now we can program assets without need of a bank
3 - transparency is achieved with etherium code because all de code is public for everyone to see it on the blockchain

2 Likes
#1532
  1. Web 1.0 is the first version of internet with very limited data
  2. Smart contract is a code run on the ETH blockchain to enforce an action once criteria has been met, total transparent and it is unstoppable once it is in place
  3. Transparency is achieved through distributing the smart contract across nodes around the world and executes it. It is run exactly as programmed, without any possibility of downtime, censorship, fraud and any 3rd party intervention
1 Like
#1533

  1. Web 1.0 was the version before JS. It was only useful for text and images primarily. It was a static platform.

  2. A smart contract are small pieces of code that run on the ethereum BC. It is unstoppable and no one can shut it down. They can own and then decide what to do with money. There are no intermediaries, it is a peer to peer contract in which the smart contract can be programmed how to handle the money or asset. In essence, smart contracts allow us to program money!

  3. It is achieved thru the inability to go back and change the smart contract.

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#1534

Web 1.0 is not “the internet” sir, maybe you want to redesign your answer.

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

Carlos Z.

#1535
  1. Web 1.0 was the first version of the internet where it could only be used in a static way that limited how we could interact with the technology.
  2. A smart contract are small pieces of code that run on the ethereum blockchain and are used to program different assets so that the contract itself is able to determine the outcome of where money goes.
  3. Transparency is then achieved with ethereum code because once a smart contract is programmed, it is available to see by all parties. Once programmed, the ethereum smart contract will determine where money goes, instead of any individual or middleman organization. The code would then have to be visible by all parties in order to verify transactions.
2 Likes
#1536
  • What was Web 1.0?

The first version of the internet, you only had static websites. So you could only share information/content, nothing else.

  • What is a smart contract?

A small piece of software written in solidity that can be triggered by certain factors. Once you have deployed the smart contract you will not be able to change it as it is a part of the blockchain.

  • How is transparency achieved with ethereum code?
    No one is above or controlling the smart contracts once they are deployed. They are viewable for all on the blockchain, and follow the math/tech they where programmed to.
2 Likes
#1537
  1. Web 1.0 was static and simple. It contained texts,images and links and was not capable of providing chats or videos.
  2. The smart contract is written with Ethereum protocols and is secured by cryptography much like Bitcoin, it is secure and transparent. Much like Bitcoin, a smart contract cannot be changed once employed. The smart contract is based on conditions being met and not on the whims of those making the contract. If the conditions of the contract are met then the payout will occur in accordance with the programmed instructions. Ethereum protocols and math make this possible and this differentiates smart contracts from Bitcoin transactions as the rules for the business at hand are built into the transaction whereas a Bitcoin transaction more or less only contains identifications and particulars as inputs and outputs of who is paying who regardless of how many parties are effected by the transaction. The smart contract is trustless and individuals and businesses may transact with an agreement as to what constitutes fulfillment without regard to ego considerations outside of the stated terms.
  3. The Ethereum code is used to create transparency in building a smart contract by using the Solidity language. The Solidity language allows for the participants both sending and receiving to be seen and importantly the smart contract is unstoppable. Payment is triggered by the program reading there’s been fulfillment of the contract. Interestingly, the smart contract can actually hold money until such time the contract has been fulfilled.
2 Likes
#1538

  1. The first version of the web where we could only do things such as view text, images, URLs and so on, but we did not have the ability to make more complex actions like creating chat rooms or dynamically changing webpages.

  2. A smart contract is a piece of code that has the ability to manage money or a certain resource and that is immutable.

  3. It is achieved because everyone can read how the code works, so people don’t have to rely on other people but simply trust in the technology.

2 Likes
#1539
  1. Web 1.0 is the first version of web where you could only do things such as view text, images, URLs and so on, without support of dynamic functionality.
  2. 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. Transparency is achieved due to everyone being able to read the smart contracts and analyse what the code does.
1 Like
#1540
  1. It was the first version of internet, static and text display only.
  2. It is a small piece of code which can be programmed with certain condition.
  3. Transparency is achieved by using blockchain technology just like bitcoin.
1 Like
#1541

1- Web 1.0 was the 1st phase of the public internet that consisted of static websites containing text, images, and links.

2- A smart contract is programmable money. It’s a small piece of code that runs on the Ethereum blockchain. This code is written in the Solidity programming language.

3- Transparency is achieved with ethereum code thrrough the use of smart contracts. In a smart contract you can see exactly who sends and who receives in the transaction. This eliminates the need for trust.

1 Like
#1542
  1. Web 1.0 was before Javascript, when websites consisted of very basic information such as text and images. There were no accounts, no interactivity with websites.
  2. A smart contract is a piece of code designed to execute certain actions with money (or perhaps not occasionally) when certain criteria are met. They are unstoppable and fully transparent.
  3. The transparency is achieved through the blockchain which can be audited by anyone at any time since anyone can observe the transactions occurring on the blockchain.
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#1543
  1. Websites using basically just html and images.
  2. A contract on the blockchain that executes when conditions are met.
  3. All users have access to the code of the contract.
1 Like
#1544

  1. What was Web 1.0?
    A: Web 1.0 was the first version of the internet, which just contained images, text, and links. Static, and not dynamic.

  2. What is a smart contract?
    A: A smart contract is a feature of Ethereum (and many other blockchains). Essentially, it sets payment of when a certain condition occurs. Once programmed into the blockchain, it can’t be changed (much like a bitcoin trasaction).

  3. How is transparency achieved with ethereum code?
    A: Anyone (either party) can view the conditions of the smart contract.

1 Like
#1545
  1. Term Web 1.0 refers to early times of internet, where websites were static. It evolved to next stage with the invention of JavaScript.
  2. A smart contract is a piece of code in blockchain 2.0 that allows interaction with digital assets. It eliminates need of trust in middle-man due to it’s transparency and unstoppable character.
  3. Transparency is achieved by open source blockchain. It’s immutable, everyone can read and verify it.
1 Like
#1546
  1. What was Web 1.0?

A). Web 1.0 refers to the first stage in the World Wide Web, which was entirely made up of web pages connected by hyperlinks. Although the exact definition of Web 1.0 is a source of debate, it is generally believed to refer to the web when it was a set of static websites that were not yet providing interactive content.

  1. What is a smart contract?

Smart contracts help you exchange money, property, shares, or anything of value in a transparent, conflict-free way while avoiding the services of a middleman.(THINK VENDING MACHINE).

A smart contract allows you to virtually exchange any ASSETS (money, shares, real estate, etc. ) anything without:

*Additional cost
*Services of middlemen
*Transparency
*Blockchain

The best way to describe smart contracts is to compare the technology to a vending machine. Ordinarily, you would go to a lawyer or a notary, pay them, and wait while you get the document. With smart contracts, you simply drop a bitcoin into the vending machine (i.e. ledger), and your escrow, driver’s license, or whatever drops into your account. More so, smart contracts not only define the rules and penalties around an agreement in the same way that a traditional contract does, but also automatically enforce those obligations.

  1. How is transparency achieved with ethereum code?

It is trustless. It looks after itself and is immutable /tamper proof due to its simplicity and no dependency on third parties verifying anything. The code of the smart contract look after the whole process and trigger events/milestones as and when appropriate. and it can all be verified in the blockchain. Hence full transparency is acheived due to total lack of third party involvement.Which can only be good for all business, government and legislators. :smile:

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