Homework on Ethereum Intro

Ethereum 101
#1687
  1. The first version of the internet, where it mostly just allowed you to read web pages.
  2. A smart contract is a contract that allows two parties to making a binding contract without the need for a middleman, instead it’s based on a trustless system.
  3. It cannot be modified by anyone, everything becomes verifiable as everything that touches the etherium code is recorded, and it’s open for anyone to read.
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#1688

  1. Web 1.0 was the first version of the internet. It was only capable of storing text, images, and links. There was no ability to really interact with the internet the way that we do today.

  2. A smart contract is a small piece of code that runs on the ethereum network. They allow us to create these programs that own and decide what to do with money.

  3. The code is fused into the blockchain and can be seen and verified by the network, therefore making everything an open book for ever one to see

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#1689

1 static and limited web
2 is a self-executing protocol
3 is transparent because anyone can see the contract and what it was scheduled for

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#1690

1.Web 1.0 was bland static websites and message boards…etc
2. Smart Contracts are programmable code on the blockchain written in solidity.
3. Transparency is achieved by using Solidity to build them.

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#1691

  1. What was Web 1.0?
    Web 1.0 is the first version of the internet before JavaScript was introduced. In Web 1.0 only plain images or text could be displayed.

  2. What is a smart contract?
    An example of a smart contract would be programmable money, for instance you could lock funds in a smart contract and if you do not interact with the contract for a set period of time the finds will be released to a designated recipient. This could be useful in the case of a child inheriting their deceased parent or guardians wealth.

  3. How is transparency achieved with ethereum code?
    Transparency is achieved with blockchain, because once information is put into the blockchain it can not be disputed, it makes lying or cheating not possible.

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#1692

  1. Web 1.0 just allowed us to search and read informations they were little to none interaction.

  2. A smart contract is a computer protocol intended to digitally facilitate, verify or enforce a contract.

  3. On a blockchain Txs are immutable because of the decentralized nature of the network, the consensus mechanism secures the network, no censorship possible therefore it’s trustless and transparent.

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#1693
  1. What was Web 1.0?.. AOL , simplistic email, no computation on a website, before the dawn of JavaScript
  2. What is a smart contract? … What I would call an “If… Then” string of code and a variable can be used in the equation.
  3. How is transparency achieved with ethereum code? A public ledger , no trust needed, verify
2 Likes
#1694
  1. What was Web 1.0?
  • Mostly read only static webpages.
  1. What is a smart contract?
  • Blockchain based SCs are programmable contracts stored on a decentralized network.
  • they are governed by algorithms instead of human controlled middleman.
  • they typically execute based on IF THEN ELSE logic.
  • they are unstoppable.
  1. How is transparency achieved with ethereum code?
  • It is trustless and the code is verifiable. Code is law compared to systems where human decision/oversight is law.
1 Like
#1695
  1. Web 1.0 was the internet without programing language.
    2.A Smart Contract is a programmable agreement that is enforced by code. The code isn’t biased.
    3.Transparency is achieved by ethereum code through its rule set on the blockchain network that is accessible to anyone for a full 24/7.
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#1696

How is transparency achieved with ethereum code?

Also because you can verify the smart contract code in the blockchain, once it’s on the blockchain, it can’t be altered/modified, all data (transactions) will be stored on a immutable database (the blockchain).

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

Carlos Z.

#1697

Web 1.0 was just static websites. Txt image etc.
a smart contract is a small set of code executed by the EVM
Transparency is achieved by becoming more fungible through the use of account balances instead of utxo however there is a reduction in privacy due to this and an increase in fungibilty.

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#1698

  1. Web 1.0 is a static website where the pages could not change or do anything.

  2. A smart contract is the ability to do business or have an agreement with anyone without having a middleman.

  3. Transparency achieved with ethereum code by having the data available to be traced by anybody but is encrypted on the blockchain. The keys of decryption can be shared only with authorized individuals.

1 Like
#1699

  1. What was Web 1.0?
    Was the format of the web before Java Scrypt. It was limited to text,img,links

  2. What is a smart contract?
    Is a dynamic and programmable blockchain that can have and manage it own money.

  3. How is transparency achieved with ethereum code?
    because the Txs are public, everyone can see who and how much someone is sending or receiving from the blockchain.

1 Like
#1700

  1. What was Web 1.0?

  2. What is a smart contract?

  3. How is transparency achieved with ethereum code?

1.The old version of static webpages that is to use only for texts images and links.

2.Small pieces of codes that run on the Ethereum block chain

3.transparency is achieved by not being able to go back and change any data that already has been deployed through smart contract to the ethical blockchain
:grinning:

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#1701

  1. Web 1.0 was the early websites that were on the internet, back then once a website was coded users could only read but not interact with the website.

  2. A smart contract are programs that have specific instructions of what to do. In Ethereum, once a smart contract is coded it is transparent for the network to see and will behave exactly as it’s instructions tell it to behave. For example, you can use a smart contract as a form of escrow account to hold an asset until a specific requirement is met.

  3. Since the contract is visible on the Ethereum Blockchain by all nodes, you can actually search a contract’s address on a website like Etherscan even if you do not run a Node. This will tell you what the contract is designed to do and how it will do it. Anyone can view this contract but no one can modify the contract after it has been launched, thus creating a truly trustless and transparent form of programming.

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#1702

Web 1.0 is the the first version of the internet which included static text, images and links
A smart contract is a set of predetermined instructions written in byte code verified on a block-chain.
By adding a smart contract to the block-chain

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#1703

  1. Web 1.0 is the very early stage of the Web when web sites only consisted of static HTML pages. You could only get and read information, potentially post some data too (basic user forms), but you could not for instance have user accounts, chat, buy stuffs, etc.

  2. A smart contract is a program running on a blockchain. It can receive, hold and send money (crypto currencies).

  3. First, smart contracts are open source: you can see what a smart contract is programmed to do. In addition, as blockchains are transparent, you can see - from any block explorer - how smart contracts behave: you can see the transactions they receive, the transactions they send, their current balances, etc.

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#1704

Answer all questions and post your answers in the thread linked below.

  1. What was Web 1.0?

  2. What is a smart contract?

  3. How is transparency achieved with ethereum code?

Homework on Ethereum Intro

  1. Web 1.0 was the first version of internet websites, which were completely static, dealing only with static parameters like text and images, without allowing the user any “real” reactions/interactions with the website. This was before the introduction of javascript and other scripting languages to website development.

  2. A smart contract is a code with parameters and instructions that interacts and deals with money, deployed on the blockchain in a trustless and transparent method.

  3. Transparency is achieved on ethereum because every single transaction can be seen/tracked by anyone, and any wallet and its complete interactions with all smart contracts (complete wallet history) can also be read by anyone. Ethereum smart contracts are open source, meaning that the code can be viewed by anyone (so long as the smart contract is verified by the developer).

1 Like
#1705
  1. What was Web 1.0?
  2. What is a smart contract?
  3. How is transparency achieved with ethereum code?

1.The old version of static webpages that is to use only for text images and links.

2.Small pieces of codes that run on the Ethereum blockchain

3.transparency is achieved by not being able to go back and change any data that already has been deployed through the smart contract to the ethical blockchain

1 Like
#1706
  1. Simple static internet websites consisting of text, images, and links.
  2. A smart contract is a piece of code on the blockchain.
  3. Everything is viewable; anyone can check what the smart contracts or interactions do.
1 Like