Homework on Ethereum Intro

Ethereum 101
#141
  1. What was Web 1.0?
    Web 1.0 refers to the first stage in the World Wide Web, static
    websites, that were not yet providing interactive content.
  2. What is a smart contract?
    A smart contract is a computer protocol (code) intended to digitally
    facilitate, verify or enforce the performance of credible transactions.
  3. How is transparency achieved with ethereum code?
    The transactions are trackable and irreversible, trustless.
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#142

Question 1

What was Web 1.0?

Web 1.0 was the original internet. It contained static pages which displayed just text and images.

Question 2

What is a smart contract?

A smart contract is a programmable contract usually created in solidity which lives on a blockchain. It can be programmed to execute at a particular time. It is unstoppable. It is transparent.

Question 3

How is transparency achieved with ethereum code?

When a smart contract is created it lives on the block chain and while on the blockchain the contract is available to be viewed and scrutinized by all interested parties.

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#143

  1. Websites with only static content - no dynamic bling bling possible as now with using e.g. JS

  2. programmable money, so new possiblities and chances for us

  3. You do not need to trust any 3rd party and can verify the code/ smart contract what it means and is doing/ executing

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#144
  1. internet
  2. code on ethereum that will make transactions once certain obligations are met.
  3. eth code is on chain for all to see.
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#145
  1. Web 1.0 is static web and limited interaction user.
  2. Smart contract is programs that can be code written Solidity and that can be broken into.
  3. Once deployed on a chain network it can not be changed
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#146

What was Web 1.0?
The internet before it became interactive, static pages containing images, text and links
What is a smart contract?
A second layer protocol on the blockchain that promises a future action if conditions are fullfilled.
Once the code is deployed the process is irreversible and the confirmation of the contract will be handled by the network.
How is transparency achieved with ethereum code?
Because of the “don’t trust-verify” principle, the source code of smart contract is visible to everyone so the network can confirm everything is working correctly

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#147

1 Web 1.0 was when the web started, very simple, this was pre-Java Script.
2 A smart contract is a contract that is written on a block, (Ethereum) that controls what happens to the
money.
3 The contract is on the block for all to see and no one can change it.

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#148

Web 101 is early day websites with only script and photos. They give information with no interaction with the viewer.

A smart contract is a contract built on the blockchain. Ethereum is the most popular platform for smart contracts. They are a transparent contract with no middle man. They are trust less agreements between parties that when a certain set of rules are fulfilled the contract will be released to the receiving party.

Transparency is achieved with the ethereum code because the contract is built on the ethereum blockchain. The code is trust less and transparent due to the many blockchain nodes. The code is written into the blocks and distributed throughout the network for all to verify.

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#149

  1. What was Web 1.0?
    Static text, images and links.

  2. What is a smart contract?
    It is lines of code that can be executed on the EVM in the case of Ethereum .

  3. How is transparency achieved with ethereum code?
    All nodes run the same EVM. Smart contracts are run by each node and allows to obtain the same results therefore verifying the state of the contracts.

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#150
  1. Web 1.0 was the internet before the implementation of JavaScript was introduced. Where it moved from being mostly static and inflexible, to dynamic and and programmable.
  2. A smart contract is a programmable contract on a blockchain network. It is self executable and trust-less, allowing money/assets to be programmed in a dynamic/flexible way without the use of a 3rd party/intermediary.
  3. Transparency is achieved with ethereum code because tx and contracts are immutable (meaning they can’t be changed), and everything is origins are traceable (assuming access).
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#151

web 1.0 was before java script

smart contracts are code deployed on the blockchain that interact and perform functions that are programmed into them

transparency can be achieved by the public nature of the chain and the ability to read all tx that happen in the past

privacy is a bit separate from transparency however transparency will have public availability or transparency to selected groups or authorized wallets

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#152
  1. Web 1.0 was the internet 1st phase which was 1 dimentinal only text with no interactive faculty.
  2. Computer program on ERC20 which is designed to create value defined by the creator.
  3. Every execution of cotract can be observed and traced due to the EVM model
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#153

  1. Web 1.0 was static websites without users or dynamic features etc…

  2. A smart contract is a program that can take a specific action, (such as hold money) when a specified condition is met.

  3. It’s on a public blockchain. Therefore anyone can see the smart contracts and confirm the function(s) are performed.

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#154

What was Web 1.0?

Web on was the internet. It was static meaning it could only show Text, images and Links. With the introduction of Web 2.0 it introduced Java Script, this made it Dynamic and Programmable giving it new capabilities such as Chat, Accounts, Social Media etc. The website can basically adapt depending on who is using it.

What is a smart contract?

Smart contracts are small pieces of code that run on the Ethereum BC. ( The programming language is Solidity). Smart contracts are programmable Assets or Money. Once a Smart Contract is deployed it is immutable. The contract is added into the BC. The Smart contract will activate once the conditions are met or fullfilled.

How is transparency achieved with ethereum code?

Via a consensus mechanism. Don’t trust-Verify

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#155

1-Web 1.0 was first form of internet with text,image, and links but no chat or accounts.
Web1.0 is considered STATIC. Javascript brought about Web 2.0 with chat, accounts,and social media.

2-A smart contract is a small piece of code that runs on the Ethereum blockchain.

3-Transparancy is achieved with ETH code because no one can go back and change the TX or reverse ETH contract. Smart contracts are open for all to see.

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#156
  1. What was Web 1.0?
    Read-only web, it only allowed search and read info.
  2. What is a smart contract?
    Smart contract is a small code on blockchain that creates trustless system and makes two participants make transaction without third party. This code is engaged when both sides have fulfilled their part.
  3. How is transparency achieved with ethereum code?
    Once code is added to blockchain then its immutable, its public, can be found and trackable. And if conditions are fulfilled then SC will execute code, making TX.
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#157
  1. It is the first stage of development on the world wide web. It was Static where you could read and share only. Text, Images and links.
  2. They are small pieces of code ( A Protocol ) that facilitates, verify’s or enforces the negotiation or performance of an Ethereum contract on the blockchain.
  3. Through “Solidity” you can program and deploy “Smart Contracts” on the Ethereum Network achieving the transparency and a trustless technology.
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#158

  1. Non programable, Static - Text - Images until it went to Web 2.0 which Javascript helped it achieve.

  2. Solidity, parts of programmable code that can make programable assets, unstoppable transactions that achieve peer to peer transactions that remove the middle man and gain transparency.

  3. Through peer to peer transactions with no middle man, it is a trustless network that has a system based around mathematical open source code.

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#159
  1. What was Web 1.0?

Web 1.0 was static web and there were no interactions between users and website. Websites could only show text, images and links

  1. What is a smart contract?

Smart contract is snippet or small piece of code that is integrated into the Ethereum network as part of the blockchain. These contracts are processed and executed without the need of intermediaries and middlemen as soon as stated conditions are met.

  1. How is transparency achieved with ethereum code?

When the smart contract is deployed on the Ethereum network it becomes integrated part of the blockchain. This means that it takes over all characteristics of underlaying protocol and therefore it automatically becomes decentralised, immutable and transparent so everyone on the network can see conditions of the contract and when these conditions have been met.

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#160
  1. What was Web 1.0?

Web 1.0 was the beginnings of internet as we know it; webpages and websites on the internet had simple text and graphics were extremely basic. External links to other sites, personal accounts, chatrooms and other features of the current web as we know it now were not available yet.

  1. What is a smart contract?

A smart contract is something that can be written and placed on the Ethereum network in order to make money programmable. Monetary value is transferred from one wallet to another as soon as a condition or set of conditions are met as stated within the contract. For example, owning a house and renting it out to a tenant for the monthly payments to be automatically sent through to the landlord - as long as each month the tenant is still residing there - without the need for a third party (estate agent + bank) to be involved to initiate the transactions.

  1. How is transparency achieved with ethereum code?

With ethereum code, just as with Bitcoin and the blockchain, anything entered onto the blockchain is immutable. Similarly the ledger is public and available for scrunity.

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