Homework on Ethereum Intro

Ethereum 101
#1927

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

  1. What was Web 1.0?
    Very limited functionality in comparison to today’s websites.
    Static only; Images only; Hyperlinks – No videos, not programmable; no social media

  2. What is a smart contract?
    Small pieces of code that run on the Etherium blockchain. There is no way to shut them down and no way to stop them once executed.

  3. How is transparency achieved with ethereum code?
    Because everyone can see the transactions taking place on the blockchain and no one can go backwards in the chain to change anything – immutable.

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#1928

  1. Web where everything is static.

  2. Code running on ethereum network

  3. Everyone can see what is happening on blockchain and what the smart contract does.
    There is no central power that can change what has happened on blockchain

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#1929

  1. What is Web 1.0? - Web 1.0 was and early version of the internet where people could log on to an IP address and view information. This information was generally presented in a static manor to anyone viewing it. This was not a dynamic environment and the experience was basically the same for all users who viewed the information.

  2. smart contracts are programs that are placed into the blockchain. These programs are generally looking for a set of conditions to be met or events to happen and they will then automatically execute a value transfer once the conditions are met. Once a smart contract is placed into the blockchain it can not be rescinded or reversed just because I change my mind.

  3. Anyone who is party to the contract or has permission can see the status of a contract and how the contract will base its decisions.

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#1930
  1. Web 1.0 was the very first iteration of the internet. only text based pages were possible.
  2. A smart contract is a way of applying rules to a blockchain/digital currency, giving you programmable money.
  3. Transparency is achieved by the smart contract. Once it is written into the code no one can go back and change the parameters of the contract. Now you can trust the tech, you don’t have to trust the other person.
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#1931

What was Web 1.0?
A) the Beginning of the internet. Static with only a few functions available.

  1. What is a smart contract?
    A) A small code that runs on the ETH network.

  2. How is transparency achieved with Ethereum code?
    A) Everyone is able to see the contract. Completely open sourced. Cannot be altered.

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#1932

1- Web 1.0 was the static state of the Internet in its early days before interactive content was possible. Web 1.0 was characterized as a content delivery network. Users were only capable of sharing information via text, images, and links.

2- A smart contract is a small piece of code that runs on the Ethereum BC. SCs can handle money by programming what to do with the money when a user interacts with the SC. SC is coded by users/developers and deployed on the BC using miners and PoW (like bitcoin txns), and thus security and transparency of the SC is maintained and anyone can interact with it.

3- Financial applications are running on the Ethereum BC through SCs and everyone can see how the SCs are handling the money and executing the code in real time. Executing code on a distributed and decentralized network enables censorship resistance and full transparency between users

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#1933

  1. Web 1.0 = static: Text, images, links. Only reading and sharing information.

  2. Small pieces of code that run on the blockchain

  3. Everyone can view the code.

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#1934
  1. Web 1.0 was basic text, photos and information. Not much for interaction with others on the internet.
  2. A smart contract is a program that automatically executes according to the terms written in the contract.
  3. Because it is a public blockchain anyone can look at the history.
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#1935

1. What was Web 1.0?
The 1st stage of the adopted internet, with static pages of text, images and links as the only content… no interactivity, no logins, no rich content, no forums, no chat…and no AD’s!

2. What is a smart contract?
A smart contract is a list of instructions that are programmable to achieve a set goal / agreement, the list is sequentially fulfilled by the hosts computer and can only be operated within the restrains of the signed contract.

3. How is transparency achieved with ethereum code?
Everyone can see the transaction on the blockchain, the blockchain cannot be tampered with as that would alter the the key and result in nodes rejecting the transaction.

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#1936
  1. What was Web 1.0?

Web 1.0 was the first introduction of basic websites on the internet, where you had simple, static websites that displayed simple text, images, and links. It wasn’t until a scripting language was introduced that websites became more dymanic and interactive (which is called Web 2.0, which utilized javascript).

  1. What is a smart contract?
    A smart contract is a piece of code that runs on the Ethereum blockchain network. Using a programming language called Solidity, we are able to create contracts with unalterable behaviors/functions once they are deployed.

  2. How is transparency achieved with ethereum code?
    Transparency is achieved because since the code of the smart contract itself exists on the ethereum blockchain, it is unalterable after its deployed. Since all transactions with the contract are visible on the blockchain, theres a clear record of what is happening, stored permanently, that anyone can access.

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#1937
  1. What was Web 1.0?
    Web 1.0 is a flat version of what we are used to today which allowed a visual, basic informative site perhaps with links available and no greater use or interaction for the user. Ethereum does for the blockchain what web 2.0 did for the web. It allows for a complexity of layers of instruction to be introduced to any contract which enable ease of greater complexity and use. One can even leave their last wishes as a will with the distribution of their belongings there or instructions for events long in the future which can be fulfilled and if so, will then be triggered for fulfillment. This bitcoin can’t do alone.
  2. What is a smart contract?
    A smart contract allows for conditions to be met in a trustless environment to be carried out by the blockchain once they are met with regard to payment.
  3. How is transparency achieved with ethereum code
    Like Bitcoin, Eth also has a proof of work. It utilizes a decentralized network providing some of the same properties as blockchain where it is a transparent trustless environment where the instructions or information is distributed. If it were tampered with, it would have the same difficulty with the nodes and lack of synchronization as with Bitcoin. No changes are possible and transparency or tracking events on the nodes is just like bitcoin.
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#1938

  1. Web 1.0 was first web. It was static, not scalable. Could contain only text, image or link.

  2. Smart contract is basicaly a tool (code) built up on Ethereum. It brings another dynamic and programmable environment. You can for example program your own smart contract in order to program your own money.

  3. You can see all the transactions and it is unchangeable.

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#1939

1)Static websites.

2)A self-executing contract.

3)It’s public and decentralised.

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#1940

1)Basis static websites era
2)A programable contract inside the blockchain that can carry out a programmed task
3)The basic info is visible to everybody and can execute without human intervention

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#1941

  1. The first web pages available on the internet which were static and could only be used to share photos, links and text.

  2. Smart contracts are small pieces of code that run on the Ethereum blockchain.

  3. Smart contracts cannot be shut down, there’s no way to alter them in any way after they’ve been deployed. Smart contracts are available for anyone to see.

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#1942

  1. web 1.0 was the internet before javascript, which was pretty much just text, images, and links.

  2. a smart contract are small pieces of code that run on the ethereum network. It is irreversible and has total transparency of transactions.

  3. it is achieved because the smart contracts are programmed to send money without the interferes of a person. Once the contract is set it is irreversible and anyone can can see the contract as well as the transactions and conditions.

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#1943

  1. Web 1.0 was the original internet that was static, text, image and link only. When Java Script was introduced, it opened up the web to being a dynamic, live, system.

  2. A smart contract is comprised of small pieces of. code that run on the Ethereum blockchain, programmed by a language called “Solidity,” which is an unstoppable, transparent contract that literally holds money. This money, through coding, is programmed to go to a specified destination once an event is executed (or not executed).

  3. Transparency is achieved because EVERYONE can see what is happening to that money being held in the smart contract. The code is deployed onto the blockchain, which means you cannot change/alter/reverse it. This removes middle men and is completely trustless, allowing you to do business with anyone because all decisions are based on math.

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#1944

1 Web1.0 was early internet will static web pages and text
2 Smart contract small piece of code that runs on blockchain(evm)on Ethereum.
3 Contract is transparent for anyone to see what is in contract and what it does.censorship resistant and ,unstoppable

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#1945
  1. Web 1.0 Static Websites from the Dotcom Bubble era.
  2. Smart Contract is a programming structure that allows Financial, contractual, and other transactions to take place, be verified, and last forever, independent of human intervention or control.
    3.0 Transparency is achieved via Consensus and Proof of Work
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#1946

  1. A very limited and static version of the internet where you would just see text and images and not much else.

  2. A smart contract is a piece of code written on the blockchain that can handle value(money)

  3. All code is visible for all to see on the blockchain. Also, much like Bitcoin, there is a certain amount of immutability with transactions .

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