Homework on Ethereum Intro

Ethereum 101
#1667
  1. What was Web 1.0?

It was the first websites in the beginning of the internet history. They had text, images and links, but they did not adjust to the different people that visited the website. There was no chat, no different accounts, no social media, etc. Web 2.0 happened when the websites were programmed in javascript, which allowed them to be more flexible, adapt to each person, and give a better service.

  1. What is a smart contract?

A smart contract is a piece of code that is in the blockchain. That piece of code can deal with programmable money. The smart contract will own the money and will send it to the recipient when a certain condition or certain conditions are met.

  1. How is transparency achieved with ethereum code?

Ethereum is based in a blockchain technology, which is a public ledger where you can add data but not remove it. That will allow to increase the transparency of transactions of an entity like government bodies or agencies.

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#1668

  1. What was Web 1.0?
    It is static website without dynamic coding used.

  2. What is a smart contract?
    It is like a function written on Ethereum,

  3. How is transparency achieved with ethereum code?
    Like BTC transaction, it relies on verification and thus anyone can see the content of the smart contract and that is how its transparency is achieved.

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#1669
  1. What was Web 1.0?
  • Web 1.0 was the first version of the internet or World Wide Web as it was launched, built up from text and hyperlinks that formed Static Pages.
  1. What is a smart contract?
  • Smart contracts are programmable transactions with a set of conditions wherby the transaction takes place once the set conditions are met between the seller and the buyer or wallet to wallet. This cannot be reversed unless code is written in the contract in order to do so. This makes the transaction Trust-Less and the trust is in the math.
  1. How is transparency achieved with ethereum code?
  • Transparency is achieved by the implementation of smart contracts. This is trust-less code that is self governing and does not need any intermediaries in order for it to function. Ultimately, Transparency is achieved through Verification which is viewable on the public ledger.
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#1670

@JaimeAskater
Welcome to the forum :slightly_smiling_face:

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#1671
  1. Static, one dimensional, websites.
  2. A smart contract is small pieces of code run on the ehtereum network.
  3. No central point of attack, providing better security. Gives immutability due to consensus.
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#1672
  1. Static text, images, links.
  2. Small pieces of code that run on the blockchain.
  3. It’s unstoppable once deployed.
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#1673
  1. What was Web 1.0?

Simple informational websites, setup by the creators and didn’t have means of interacting with the site. Lacked comments, reactions and liking features. Users didn’t have any opportunity to add content to the website.

  1. What is a smart contract?

Smart contract’s are programmable contracts. These digital contracts are stored inside of a block chain. These contracts are setup in such a way that when specific conditions are applied to the contract, the contract releases the reward to the proper parties. These contracts are setup to be immutable and trust less.

  1. How is transparency achieved with ethereum code?

The ethereum code was setup to support smart contracts. The code of these contracts is open and verifiable. This makes systems written on on ethereum transparent, removing the need for trust in any sort of agreement.

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#1674

2. What is a smart contract?

Indeed sir, better to said is a programmed set of instructions (like a software) that exist as a smart contract on the ethereum blockchain.

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

Carlos Z.

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#1675

  1. A network that allows users to read and share static information (pure HTML without JavaScript).

  2. It is a contract build entirely on pre-defined conditions. Once added to the blockchain, a smart contract can NOT be reverted or modified and will be automatically executed when conditions are met.

  3. The same way it’s achieved with BitCoin - everyone has access to all the contracts and can check personally what they’re going to do.

#1676

Web 1.0 was static websites. (Life before Java Script.)kjl

A smart contract is an immutable programed contract on the blockchain that can be trusted to do what it is programed to do. It can be used as a financial contract between two (or more) individuals without any “middle men.”

Transparency is achieved by being on the blockchain where everyone can see the terms of the contract and if and when those terms have been fulfilled.

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#1677
  1. Web 1.0 was a static first stage of the web where you could only share pages connected by links.
  2. A smart contract is a small piece of code that facilitates programmable assets such as money.
  3. Open source to all information, removes middle men, trust-less and transparent transactions.
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#1678
  1. Web 1.0 is the the read only type website where content stays the same for Graphics, texts etc.
  2. Smart contract is a predefined program on blockchain which has a guidelines that follow some form of logic or for example some event triggered. Here we dont have to trust anyone blindly its all back in program which will be an open code available for verification to anyone.
  3. On Ethereum smart contract can run and as explained above when smart contract follows a set of rules (Program code) which is open to verifiable by anyone we can achieve transparency.
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#1679

  1. What was Web 1.0?
    Web 1.0 was the foirst and basic internet. It only dislayed text, images and links.

  2. What is a smart contract?
    It is an application that has a set of actions to perform and that are in a blockchain as Ethereum and that will be done if a set of conditions are met.

  3. How is transparency achieved with ethereum code?
    By placing it in a blockchain that has hash security and can not be modified or tempered with.

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#1680
  1. Web 1.0 was a static website that was not able to adapt to the user and would be the same for everyone visiting it.
  2. A smart contract is code written on the block chain that allows for actions to happen trustless between parties beyond just transactions on a ledger.
  3. Transparency is achieved through the block chain and a public ledger just as bitcoin is used to create transparency through proof of work and mining.
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#1681

  1. Web 1.0 … I remember it well … Static websites with text, images, and links. Then Web 2.0 with dynamic, programmable web pages with JavaScript. Then Boom!

  2. a smart contract is dynamic programmable interaction with the blockchain and … MONEY … Damn exciting.

  3. Transparency, of a kind, is achieved with Ethereum because we no longer have to trust those with whom we have a relationship and expect future behavior. We can program that future behavior into a smart contract and know that it will happen according to MY perfect, bug-free code … and it cannot be stopped by any power on earth.

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#1682
  1. What was Web 1.0?
  • it was internet before Javascript. Static website with only some text, images, links etc.
  1. What is a smart contract?
  • it’s a piece of code running on ETH blockchain written by a programming language Solidity. It can hold funds and behave according to predefined rules.
  1. How is transparency achieved with ethereum code?
  • similarly as TXs in bitcoin, smart contracts can’t be modified (or it’s very costly to modify them). Everyone can read a code of smart contract, it’s transparent.
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#1683

  1. Web 1.0 was the first version of the internet that allowed static websites that were not interactible.

  2. A smart contract is a piece of code deployed on the Ethereum blockchain.

  3. When you put a smart contract on the Ethereum blockchain you can see everyone and everything that interacts with that piece of ethereum code. Everything is verifyable.

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#1684

Web 1.0 was the first iteration of the internet that was basic and just allowed mainly read web pages…

a smart contract is a program that eliminates the need for a middleman and creates a trustless environment for two parties to engage with each other without the need for an intermediary

transparency is achieved with ethereum code because it is on the blockchain and transactions cannot be changed - it used POW

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#1685

Web 1.0 was static, it can show images, text, and links, but you can’t have social media, different users, etc.

Small contracts are small pieces of code run on ethereum blockchain. They are unstoppable, transparent (Anyone can see TX made on the small contract), trustless, and they can own and decide what to do with money in base of the compliance of certain rules.

Because everyone can see what is happening with the small contract, just reading the code of the small contract which is open to everyone.

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#1686

1- The web 1.0 was the first internet network, where everything was static and they could not interact. Only information could be sent or received.

2- Smart contracts are small pieces of code that are programmed into the ethereum blockchain through the solidity program, and allow you to carry out programmed transactions without intermediaries according to certain rules that are previously established.

3- Because nobody can alter the transactions. Miners are economically insensitive to playing by the rules and anyone can read and know what will be done in the smart contract.
It is a system based on trust towards technology, mathematics and physics. Not in person.

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