Homework on Ethereum Intro

Ethereum 101
#1847
  1. What was Web 1.0?

A very simplistic version of the internet that didn’t have enough language to have

  1. What is a smart contract?

A code that often says if this happens then that happens. And it is immutable because it is executed on the Blockchain.

  1. How is transparency achieved with ethereum code?

Because the code is on the public blockchain and it’s safe there because it can’t be changed/shut down by anyone.

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#1848

Web 1.0 consisted of text, images, and links. There was no dynamic (java) interaction.
A smart contract is transparent code that is embedded on the blockchain. Usually involving the transfer of money or other objects of value, like NFTs.
Transparency on the Ethereum code is achieved through the publicly visible code and the irreversibility of the blockchain contract.

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#1849

  1. What was Web 1.0?
    The very first version of the internet consisting of static pages without interactive features.

  2. What is a smart contract?
    A small piece of code instructed to automatically execute a specific task/transaction. Once deployed, it can not be changed.

  3. How is transparency achieved with ethereum code?
    Same as in bitcoin, there is no way to go back and change or reverse a smart contract in the blockchain, so that ensures transparency and trustless transactions.

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#1850
  • What was Web 1.0?
    Web 1.0 is the first version of internet, constructed by static webpage, only show text, pictures, no interaction. Written by HTML language.
  • What is a smart contract?
    A computer protocol written by Solidity that could by deployed and executed on Ethereum blockchain network. It obeys “Code is law” and can not be modified once executed.
  • How is transparency achieved with ethereum code?
  1. It’s open source, means every one can check it on internet 2) It’s blockchain which using POW and POS to verify
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#1851

  1. What was Web 1.0? Static pages and images. No interactions.

  2. What is a smart contract? A piece of code that controls how money is transacted on the eth blockchain.

  3. How is transparency achieved with ethereum code? Anyone can view a contract on the ETH blockchain.

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#1852
  1. What was Web 1.0?
    Ans: When web was developed in the early days, it only had static images, texts, maybe even links but users couldn’t interact dynamically and it wasn’t programmable.
  2. What is a smart contract?
    Code that is written on the Ethereum blockchain that runs a decentralized application. Once a smart contract is deployed, it is unstoppable and unchangeable.
  3. How is transparency achieved with ethereum code?
    Ans: Since the code runs on a blockchain, the blocks cannot be altered or removed. Hence, it creates a trustless environment. Anyone can see the truth on the blockchain and full transparency is achieved. We can do business with each other without any need to trust each other.
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#1853
  1. A reduced and simplified version of what know the web is today, (before js)
  2. A contract programmed onto a blockchain that cannot be changed and can execute without 3rd parties.
  3. The code is visible to everyone?
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#1854

  1. Web 1.0 was static web. It only gave brief info and never changed. Until JavaScript language came about and transformed it web 2.0 making the web better and certain programs were built on top of that(Facebook, Google, etc).

  2. A smart contract is code written out on the Ethereum network that owns and decides what to do with its money.

  3. Takes away trust from a single entity as a smart contract cannot be changed unless that out was written within the original code of the smart contract.

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#1855
  1. Web 1.0 was the original way that the internet looked. It was static, not dynamic, having only text, links and images. You could not interact with it.
  2. A smart contract is a piece of software on a blockchain which can own and release money under specified conditions. It can also do other things besides handle money, but that is an important one. Just as with bitcoin, it is irreversible, and once someone programs something as a smart contract, it cannot be changed. (Written in stone)
  3. Transparency is achieved because the code is open to anyone to see at all times because it is public. Nothing can be hidden or changed so corruption is virtually eliminated.
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#1856

  1. The first stage of development in the internet.

  2. A smart contract is something you can code to only send transactions when a certain quota is met.

  3. Everyone can see what each smart contract does but no one can change it.

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#1857
  1. That is how the web started with static HTML pages and with limited content types.
  2. A smart contract is what makes money programmable and allows code to own and handle money.
  3. The smart contract is visible in the blockchain.
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#1858

Indeed, through the public blockchain you could verify the code of an smart contract, transactions made by it, all data is stored in a public ledger that everyone can verify :nerd_face:

Carlos Z

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#1859

  1. What was Web 1.0?
    Static sites where you can only share text, image, and links.

  2. What is a smart contract?
    Small pieces of codes that can hold money and programmed what to do with money.

  3. How is transparency achieved with ethereum code?
    Transparency is achieved like Bitcoin where the source code is available for the public to see but nobody can alter what it does with the money once the smart contract is deployed.

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#1860
  1. The beginning of the internet. It provided information, pictures, and was not interactive.
  2. Small pieces of code that run on the Ethereum Blockchain.
  3. Anyone can read a smart contract. You can see who is sending money and who is receiving money.
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#1861
  1. Web 1.0 was the internet where you could not interact, you had only text, images, and maybe a link.
  2. A smart contract is designed to adapt to different businesses or needs. just like web 2.0 you don’t need to make a manual transaction, you can program the mart transaction to do it for you if requirements are met.
  3. Because you can trust the smart contract and no need for a middle man and you can’t change the code of the contract. So don’t trust, verify.
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#1862
  1. What was Web 1.0?
    A: A “static” web consisting of only text, image, and links.
  2. What is a smart contract?
    A: An application written with Solidity.
  3. How is transparency achieved with ethereum code?
    A: through public code on the network.
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#1863

1.) What was Web 1.0? Simple website consisting of text, images and links.
2.) What is a smart contract? Small pieces of code that is put into the blockchain written in Solidity.
3.) How is transparency achieved with ethereum code? A permission less system that is visible to everyone. Once a TX is made it can’t be changed.

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#1864

  1. Web 1.0 was the first generation of the internet, that contained text, images, and links, and had very limited user interaction.

  2. A smart contract is small piece of code programmed and deployed on the Ethereum network. It is a new way to program money and assets that is essentially tamperproof and will lead to increased transparency and trust.

  3. Transparency is achieved through mathematical and physical verification on the blockchain. Ethereum’s decentralized network removes any single point of failure, and no one can stop the code from executing itself besides the requirements specified in the contract.

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#1865
  1. Boring static websites
  2. A contract on Ethereum or another blockchain that will automatically execute instructions and cannot be changed.
  3. All details of the smart contract are on the blockchain
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#1866
  1. It was the internet before Javascript. It wasn’t interactive.
  2. Its a programmed code in the blockchain that can hold the money until a set of requirements are met in a trustless way between two or more parties
  3. everybody can see the contract for eternity
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