Homework on Ethereum Intro

Ethereum 101
#1607
  1. Web 1.0 allowed static content to be shown.
  2. A smart contract is code which can be deployed on the Ethereum network. As done so, it never can be manipulated or changed because it is integrated in the blockchain.
  3. Transparency is achieved by letting you verify any content on the chain by yourself.
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#1608
  1. Web 1.0 consisted of static websites containing only text, images or links.
  2. smart contract is a small programme that runs on the ethereum blockchain and once it is launched it cannot be altered
  3. once a smart contract is deployed, it runs autonomously and it can be verified by anybody as the code is public so you trust the technology and not any middleman
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#1609
  1. Web 1.0 is the internet before javascript. Compared to now it was boring with very static websites and no interaction, not much more than text and pictures.
  2. A smart contract is a tiny piece of code which can be programmed to control and send money if certain conditions are met. They are completely unstoppable and transparent.
  3. Transparency is achieved by saving everything on the blockchain, for everyone to see. Also, because it is unstoppable you can be sure that no one has tampered with it, so it also hinders corruption.
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#1610

  1. What was Web 1.0?
    The first version of the internet that was static. With the introduction of JavaScript it became dynamic in the 2.0 version. (Blockchain before Ethereum was like internet before JavaScript.)

  2. What is a smart contract?

A small piece of code that runs on the Ethereum blockchain. Smart contracts are programmed using the programming language Solidity.

  1. How is transparency achieved with ethereum code?

The way the technology is set up, trust is not necessary, because anything added to the Ethereum blockchain is irreversible. Thus, only verifying the technology to do what it’s supposed to do is enough since the code is visible to everyone.

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#1611
  • What was Web 1.0?: Static images, text, no interaction.
  • What is a smart contract? Programmable money.Small pieces of code running on ethereum blockchain.
  • How is transparency achieved with ethereum code? Contract is set in stone, immutable. based on math the transaction takes place, doesn’t depend on the actual parties involved.
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#1612

Web 1.0 was a version of the internet that by today’s standards could be viewed as quite primitive as you could only display text, images, and links.

A smart contract is a program that operates on the ETH blockchain, the program can hold funds and distribute funds based on the fulfilled requirements of the contract.

Transparency is achieved with ETH code because, like bitcoin, the information is stored on the blockchain, making it easy to see when money comes and goes from individual accounts. The data is irreversible and “set in stone”.

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#1613

Web 1.0 was entry level internet that was static and had basic text images and links meaning you could only read and share the information.

Smart contracts are small pieces of code that run on the etherium blockchain that use a programming language called Solidity.

Transparency is achieved in such a` way that the middleman is removed and it is a trustless system that has a trust technology and way in which smart contracts.

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#1614

  1. Web 1.0 was the first version of internet. Very static, limited to text, image and link.

  2. A smart contract is a piece of code running on the blockchain. Programmable, trustless, transparent, unstoppable.

  3. Transparency is achieved by using smart contracts. These smart contracts are trustless, anyone can verify them and cannot be changed or stopped by any government or entity.

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#1615
  1. Web before Javascript.
  2. A contract written in code on the blockchain that is unstoppable.
  3. It is on the blockchain and anyone can verify it.
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#1616
  1. Static HTML sites without interactivity - Read only
  2. It’s a program that verifies and enforce certain outcomes based on a set of agreements and rules
  3. You can review the code of the contract - Yo don’t need to trust but verify
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#1617

1.- BTC works with UTXOs and ETH works with balances as a bank does. BTC and ETH base their consensus in PoW, BTC is using SHA-256 and ETH uses ETHOS.

2.- Smart Contracts are executed by EVM, which encapsule the Smart Contract to protect it from any manipulation. EVM is giving commands to the CPU to read and execute the SContract. This info is share in the ETH network, the nodes will verify the information.

3.- It makes ETH more secure with the hash power of the computers that are part of the network, the network runs 7/24/365 so it is constantly updating the info.

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#1618
  1. What was Web 1.0? static websites that could only show text, images and links
  2. What is a smart contract? Small pieces of code that run on the Ethereum blockchain by using a programming language called solidity.
  3. How is transparency achieved with ethereum code? Everyone can view who is sending and receiving money.
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#1619

The Ethereum algorithm for proof of work mining, is the Ethash hashing algorithm.

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

Carlos Z.

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#1620

  1. Web 1.0 is an old version of websites before Java script was used to create web 2.0.

  2. A smart contract is programmed to carry out the function it is meant to do.

  3. It does not require middle men so it can be verified easily.

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#1621

1- Web 1.0 was simple static websites, consisting in text, images and links. There was no dynamic websites.
2- A smart contract is a piece of code that runs on a blockchain. They are used to program functions, they are also transparent, immutable and unstoppable.
3- The code is public on the blockchain, this way we can verify what are the terms on the contract.

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#1622
  1. What was Web 1.0?

Simple static websites with ability to share information without any interactivity with the content.

  1. What is a smart contract?

A programmable block of code that receives money and decided what to do with it based on written commands.

  1. How is transparency achieved with ethereum code?

Everyone can see what contracts are doing. It’s a trustless environment.

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#1623

  1. What was Web 1.0?
    Web 1.0 was a static platform with limited utility compared to its offspring web 2.0 which uses java script to provide more dynamic websites and applications.

  2. What is a smart contract?
    A smart contract is a tool for programmable transactions, it uses small pieces of code which run on the Ethereum blockchain.

  3. How is transparency achieved with Ethereum code?
    Smart contracts are deployed on the Ethereum network and are open for anyone to see, transactions once programmed allow anyone to see who’s sending and receiving money.

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#1624

  1. What was Web 1.0?
    The early days of the internet where there were static websites. Before Javascript integration for web browsers.

  2. What is a smart contract?
    Small portions of code written in Solidity for example on Ethereum. We can program a smart contract execute transactions or programmable money.

  3. How is transparency achieved with Ethereum code?
    By using a smart contract. These smart contracts are trustless immutable code that is viewable and verifiable on the blockchain.

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#1625

Thanks Carlos :slightly_smiling_face:

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#1626
  1. The first stage of internet growth before JAVA script. Simple static websites that include basic text, images and links between websites.
  2. Programmable money. A contract is written about the conditions of a transaction and the instructions for the money once a outcome is met. No one can change it, the contract owns the money.
  3. No one can change the blockchain. Proof of Work allows us to see what is happening in a trust-less way.
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