Homework on Ethereum Intro

Ethereum 101
#2149
  1. Web 1.0 = the old type of websites where you can only read information (text, image, video, links - basic HTML features). non interactive/responsive websites basically
  2. smart contract is a code that handles our money (if sent to it) on the blockchain and executes the instructions in it without further user input (also unstoppable = I can’t “change my mind”)
  3. same as bitcoin transactions. the code can be audited any time
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#2150

What was Web 1.0?
First internet where web pages were using only static elements. No dynamically generated content.
What is a smart contract?
Smart contract is a immutable code on the blockchain with specific function that if performs when executed.
How is transparency achieved with ethereum code?
All ethereum code is publicly available and immutable ensuring that users can know what are the actions the contract will be performing.

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#2151

Web 1.0 is a simple and bsic website which only contains images, text, informaton.

A smart contract guarantees a condition that will happen in the future.

Transparency is achieved with ethereum code since everyone can see what the code does.

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#2152

Ethereum Intro Answers

1.Web 1.0 was the first version of the internet. Were one could establish a static website only capable of texts, images, and links.

  1. Smart contracts are small pieces of code that run on the Ethereum blockchain. Capable of storing and deciding what to do with money. Anyone can create a smart contract using a language called Solidity to program and deploy onto the network. Once deployed they are unstoppable by anyone.

  2. Transparency is achieved through the blockchain, everyone can see exactly what’s happening with it in terms of TX, receiving money, and sending money from our smart contracts.

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#2153
  1. The early internet before Javascript (where webpages consisted of text, images and links).
  2. A an executable block of code that sits on the blockchain.
    3.Because the smart contract is on the blockchain any modifications or additions to the code are visible as they would be visible on a blockchain explorer such as Etherscan)
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#2154

Lesson 3: Homework Ethereum Introduction

  1. What was Web 1.0?

Web 1.0 was a STATIC web where you could only view images and text and follow links. It was a READ and SHARE information only type internet web.

  1. What is a smart contract?

Small pieces of code (Solidity) that run on the Ethereum blockchain that can program transactions regarding money or assets, without the need for intermediaries or third parties. Smart contracts are transparent (=trustless), immutable, decentralized and unstoppable.

  1. How is transparency achieved with Ethereum code?

Once the smart contract is written in Solidity code and added to the Ethereum Blockchain, the smart contract is immutable and can be verified and followed by all interested parties. Verify don’t Trust!

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#2155

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

  1. What was Web 1.0? The original web that was static, and had links, images, and text. Web 1.0 was before there was dynamic programmability via scripts

  2. What is a smart contract?
    Small pieces of code that run on the ethereum network that can own and decide what to do with money.

  3. How is transparency achieved with ethereum code?
    You can see all the transactions in smart contracts. The contracts cannot be changed once deployed, and you remove middle men that could change or reinterpret a contract. Contracts simply trust the math.

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#2156

  1. What was Web 1.0?
    Web 1.0 was when internet was static, only had text, links and images. There was nothing dynamic about it.

  2. What is a smart contract?
    A smart contract are programmed set of rules on the Ethereum Blockchain. The smart contracts cannot be tampered with or stopped.

  3. How is transparency achieved with ethereum code?
    as the saying goes; Don’t trust, Verify. Meaning it is trustless, anyone can verify it on the blockchain.

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#2157
  1. Web 1.0 is the basic communication network between two terminals - without the GUI we know today.
  2. It is a second layer on top of the block chain where the rules or conditions of a transaction are stipulated and controlled.
  3. All transactions on the block chain are visible and cannot be changed or reversed.
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#2158

1. What was Web 1.0?
was the old web where you could only show images or have links and some text
2. What is a smart contract?
A smart contract is a program created by people that runs on the Ethereum network
3. How is transparency achieved with ethereum code?
anyone is able to see and read the smart contracts to verify what they are doing is true

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#2159
  1. The first implementations of the web with static content and very limited possibilities
  2. It’s like programmable money, you can set a transaction to be done only if certain conditions are true.
  3. With proof of work and minning
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#2160

  • What was Web 1.0?
    Early web sites which had non-dynamic characteristics where viewers could only read text and share information via links.

  • What is a smart contract?
    An Ethereum contract programmed via programming language Solidity that is trustless and unstoppable with transparent transactions. For example money could be stored in the contract and when contract obligation(s) are completed, money is paid out to the designated recipient(s). No third parties are required.

  • How is transparency achieved with ethereum code?
    Because smart contracts are trustless and and the code is transparent.

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#2161

  1. What was Web 1.0?
    Web 1.0 was a world wide interface that enabled users to access static information such as text, images and links. But there was very little interactive component.

  2. What is a smart contract?
    A smart contract is a contract in computer code that locks in the conditions and results of a contract and executes automatically once the relevant conditions are met. It doesn’t require an independent arbitrator or executor, it simply follows the conditions of the agreement automatically

  3. How is transparency achieved with ethereum code?
    The code is open and transparent and easily verifiable by anyone.

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#2162

[quote=“filip, post:1, topic:8441”]

  • What was Web 1.0?

Web 1.0 was text, images and links.

  • What is a smart contract?

A smart contract is the ability to program money and tell it what to do

  • How is transparency achieved with ethereum code?
    Anyone can read the code and it uses blockchain technology using hashes, targets and nouce sets:
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#2163

1. What was Web 1.0?
It was a collection of static Websites with Text, Images and Links.

2. What is a smart contract?
A smart contract is a digital contract/ program which is running on the blockchain.

3. How is transparency achieved with ethereum code?
Since there are no intermediaries involved, once the smart contract is written, it cannot be manipulated/ changed and is open for everybody to see & verify.

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#2164
  1. What was Web 1.0?

-Web 1.0 is the most basic form of the internet back in the days. You could only share information on the web, it’s wasn’t customizable to the user.

  1. What is a smart contract?

-Smart contract is programable money. Smart contract allow the user to program a set of parameter into the contract, then get record into the blockchain. Once those parameter are fulfill then the funds will be sent out.

  1. How is transparency achieved with ethereum code?

-Its achieved through blockchain technology. Blockchain eliminated the use of a middle man. Because it’s record on the blockchain the information is public and can be view by everyone.

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#2165

  1. What was Web 1.0?
    It was the first wave of the internet where all sites were static and offered static content (text & media) with no possible interaction from internet users.

  2. What is a smart contract?
    It’s a simple piece of code written in solidity and has the capability of dealing with money with no intermediaries.

  3. How is transparency achieved with ethereum code?

Smart contracts are part of the blockchain and, because of that, are accessible and viewable to all parties working with the blockchain.

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#2166

What was Web 1.0?
static read/write only web pages
What is a smart contract?
Specific programs written on blocks
How is transparency achieved with ethereum code?
through immutable smart contracts on the blockchain

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#2167
  1. non-interactive pages where you could only read information without adding anything to it as a user
  2. a piece of code that can own and interact with money; once it’s engaged it’s not stoppable and not changeable
  3. the code is for everyone to see and as it’s not changeable you cannot go back on your word or try to make something undone or sneak your way into something as it always will act according to the smart contract
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#2168

  1. What was Web 1.0?
    The first version of the internet where static content only was used.

  2. What is a smart contract?
    Code written and executed on the BC.

  3. How is transparency achieved with ethereum code?
    The code is public. Thus, it is auditable, verifyable, unstoppable. This removes the need for trust.

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