Homework on Ethereum Intro

Ethereum 101
#161
  1. What was Web 1.0?

Web 1.0 was the internet at the beginning, with static “boring” websites and static pictures, no javascript, no dynamic content.

  1. What is a smart contract?

A smart contract is a program that runs on the ethereum blockchain and as such it is decentralized and unstoppable.

  1. How is transparency achieved with ethereum code?

The source code of a smart contract can be open or closed. In the case it’s closed: the deployed bytecode and public functions names are public and everybody can read them. Everybody can see the transactions happened with the smart contract. If the code is readable and not obfuscated, the smart contract can be verified by anybody.

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#162

  1. What was Web 1.0?
    Web 1.0 was a static website. The website could only be read with minimal features. From Web 2.0, dynamic websites were introduced using Java Script. Similarly, Blockchain 1.0 had just Bitcoins, Ethereum is introduced in Blockchain 2.0

  2. What is a smart contract?
    Smart contract is a program is written on blockchain to define business rules that are enforced by the participants of the network

  3. How is transparency achieved with ethereum code?
    Transparency is achieved by the open-source nature of the software

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#163
  1. web 1.0 could only do simple tasks like host a picture or text.
  2. a smart contract is run on ethereum virtual machine, which executes code written in solidity to prevent malicious apps deployed on the network
  3. more secure and decentralized trustless apps
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#164

static internet
its coded instructions on ethereum network
contracts are open for inspection

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#165

1- Static websites
2- Applications running using the EVM
3- Everyone has to verify by running the smart contract

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#166

[quote=“filip, post:1, topic:8441”]
Homework on Ethereum Intro - Questions. (Questions were updated on Dec 3 2019 )

  1. What was Web 1.0?
    Static
  2. What is a smart contract?
    Programmable code on the blockchain written in solidity
  3. How is transparency achieved with ethereum code?
    trustless, decentralized, no central authority, open source software
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#167

  1. What was Web 1.0?
    A web where you only can put text, images and maybe links.

  2. What is a smart contract?
    It is programable money. You can code in a contract what will happen with money if a condition is met and the blockchais can see that condition.

  3. How is transparency achieved with ethereum code?
    Because all the participants can acces to the blockchain to verify the data that cant be modifyed.

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#168

  1. What was Web 1.0?
    mostly static websites, with very basic sharing features

  2. What is a smart contract?
    is a piece of code that’s enforced by the network and cannot be stopped, it can control assets and move money around automatically without the need of a user to control it

  3. How is transparency achieved with ethereum code?
    because the information in the blockchain is public and everyone can see the data

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#169

What was Web 1.0?
Web 1.0 is the first version of the web, static with no dynamic functions. Only text reading and sharing, images, and links
What is a smart contract?
A program coded on the ethereum blockchain for example. The smart contract can be programmed to own money and decide who gets it and when. It can’t be reversed as everything else on the blockchain, so once it is deployed there is no way to stop it manually.
How is transparency achieved with ethereum code?
Transparency is achieved by having the code public on the blockchain. Everyone can see what is happening.

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#170

1. What was Web 1.0?
Web 1.0 is used to refer to an era of the development of the internet which mainly had static web pages.
2. What is a smart contract?
A smart contract is a protocol which verifies, facilitates or enforces the terms of a contract.
3. How is transparency achieved with ethereum code?
Transparency is achieved through the nature of the blockchain itself - nodes have copies of the blockchain.

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#171

Web 1.0 is static web

Smart contract is programmable money

Transparency achieved through public blockchain

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#172
  1. What was Web 1.0?
    It was a static website with only pictures and text
  2. What is a smart contract?
    It is a program/application/code that execute rules set In it.
  3. How is transparency achieved with ethereum code?
    By using smart contracts. Information stored in a smart contract is transparent, accessible, and immutable
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#173

The first phase of the web using static websites was web 1.0
A smart contract is a piece of code running on the ethereum blockchain that can own and decide what to do with money.
Smart contracts code is open source for everyone to audit/modify.

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#174

Homework on Ethereum Intro - Questions. (Questions were updated on Dec 3 2019 )

  1. What was Web 1.0?

Web 1.0 was the internet before java script was involved, it was static and not programmable.

  1. What is a smart contract?

A smart contract is an agreement written in code language, which automatically takes effect when certain circumstances are met. An advantage of Smart Contracts is that no third party needs to be involved.

  1. How is transparency achieved with ethereum code?

It’s transparent because everyone can read the code of the smart contract and nobody can change or reverse the smart contract after it is being deployed. We don’t need a middle man because we can trust on the math and the way the contracts are written.

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#175
  1. What was Web 1.0?
    Static websites built on, Text, Images, Links and allow you to read and share information.
  2. What is a smart contract?
    Code that runs on the Ethereum Blockchain using Solidity. It is a transparent and unstoppable contract that performs a particular function when a trigger is met.
  3. How is transparency achieved with ethereum code?
    Anyone can see the transactions and smart contract.
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#176
  1. static html
  2. programmed logic to control asset distribution
  3. everyone can read the smart contract
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#177
  • What was Web 1.0?
    Web 1.0 had only Static Websites that had only text, image and links. You could only read and share info.
  • What is a smart contract?
    A smart contract is a piece of code. It is Ethereums Main value Proposition using programming Solidity. You can see the smart contract and it will hold money and program it to complete money transfer the way you want.
  • How is transparency achieved with ethereum code?
    You can not change the smart contract once it is deployed on the blockchain. You can see exactly what is happening with the money that is programmed into the smart contract.
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#178

  1. Web 1.0 was comprised of text graphic and links. There was no javascripts or programmable features.

  2. A smart contract is trustless and transparent. Everyone can see the code. If “A” happens the “B” will happen. Any transaction can be made into a smart contract. Governments will eventually adopt smart contracts because it will eliminate corruption.

  3. Transparancy is achieved because the code can be seen and verified by all parties.

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#179

1. What was Web 1.0?

Web 1.0 was the first version of internet, nothing compared to how we know it now; webpages and websites on the internet had simple text and graphics(only images) were extremely basic and the address were static as the hole web 1.0

2. What is a smart contract?

Smart contracts. Analizing it by name: contract is a paper with a deal written on it. In the case of computers a deal written through a programm. Putting the smart in front, it makes it an automatet programm that will execute a deal written on it when it has to be done or when the circumstances are fulfilled.

3. How is transparency achieved with ethereum code?

Transparency in the ethereum code is achieved because of the not back returning smart contracts. You can’t reverse a smart contract that has been build or already has been executed. It is the same like in POW with mining.

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#180
  1. It was static websites that consists of text, links and images.
  2. A smart contract is a contract that has a predefined parameters of when it should be executed when a certain requirement has been met without the need to trust anyone. The contract will execute be itself.
  3. The code is open source and anyone can view to see and verify what the contract is doing.