Homework on Ethereum Intro

  1. What was Web 1.0?
    The first version of Internet, consisting of static websites. Where only text images and links were displayed. Users were not able to interact with the website in a meaningful way
  2. What is a smart contract?
    Pieces of software mean to be executed in the Ethereum blockchain, leveraging the possibilities of decentralization and programable money.
  3. How is transparency achieved with Ethereum code?
    Smart contracts code belong to the Ethereum blockchain, anyone can certify the functionality of the contract.
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1.What was Web 1.0?
Web 1.0 was the first public iteration of the internet. It contained text, hyperlinks, and some static imagery but lacked the programmable/interactive factor that javascript would later bring.

  1. What is a smart contract?
    A smart contract is a small piece of code that holds and handles money based on entered parameters.

  2. How is transparency achieved with ethereum code?
    The code a given smart contract is visible on the blockchain.

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  1. The first stage of development into the worldwideweb.
  2. Blockchain stored lines of code which automatically execute when predetermined conditions are met.
  3. Open and live, accessible to anyone with an internet connection. etherscan.io
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1 - Web 1.0 was mainly common web pages made from static HTML, images, and links.
2 - a smart contract is a self-executing contract with the rules or terms written in programmable code distributed across a decentralized blockchain network.
3 - Ethereum smart contract code is transparent except for aspects that are required to be private with encryption (user identities, keys, etc)

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  1. What was Web 1.0?
    Mostly Static content available over internet.
  2. What is a smart contract?
    Smart contract is Ethereum Programm that exist on Ethereum network, it can perform programmable transactions and it can not be changed once exist on network.
  3. How is transparency achieved with ethereum code?
    Through smart contract, the smart contracts are programmable and can perform financial transactions based on certain conditions. These contracts can not be changed once available on network.
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  1. web 1.0 was the first way to interact with internet with static website and no accounts, you cn only read things

  2. a smart contract is a programmable contract in the blockchain that is transparence and trustworthy that when soething programmed happened it moves crypto to the person that is indicated in the smart contract

  3. transparency is granted by the concept of pow by the miners that runs the blockchain

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Web 1.0 is static Websites, it can only show text, images, and links. Can’t have chats, can’t have different accounts. Can only read and share information

simply an information portal where users passively receive information without being given

the opportunity to post reviews, comments, and feedback.

no social media, no text, you can’t send messages or images either.

The first stage of development into the WorldWideWeb WWW.

2.What is smart contract?

small pieces of code to run on Ethereum

Smart contracts allow two parties to directly communicate with each other without having to go

through an intermediary

smart contract is small pieces of code that run on the Ethereum blockchain by using programming

language called solidity We can program smart contract and deploy on it on the Ethereum network.

  1. How is transparency achieved with Ethereum code?

Through smart contract, the smart contracts are programmable and can perform financial transactions based on certain conditions. These contracts cannot be changed once available on network.

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  1. What was Web 1.0?

Static websites that could show links, text, images, very basic, only read and share information.

  1. What is a smart contract?

Can be viewed as small pieces of code that run on the ethereum blockchain, which can hold money, and is decentralised. Programmable assets.

  1. How is transparency achieved with ethereum code?

You can see who is sending and receiving transactions, it cannot be shut down,

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1. What was Web 1.0?
	a. Web 1.0 was the early version of the "world wide web"  that used static websites. Static websites allowed people to view and create websites. However, static websites used a fixed construct which limited what a user could do and also introduced security risks. Web 2.0 allows more user interaction by using dynamic websites that are programmable. You can think of social media platforms (Facebook, twitter) as a web 2.0 concept.
2. What is a smart contract?
	a. A smart contract is a programmed set of rules which defines how an dapps run on the blockchain. Smart contracts provide immutability and security. They help create a trustless system where a central authority is not needed. Also, they define the action the nodes can do which prevents malicious activity from happening.
3. How is transparency achieved with ethereum code?

Transparency is achieved through the distributed nature of Ethereum code. Basically, no single node can go against smart contracts because all the other nodes will verify if the actions were valid. Therefore, all actions must be proven valid before they are fully executed.

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  1. What was Web 1.0?
    static web pages with only links images and text
  2. What is a smart contract?
    a programable contract which is self executing on the Ethereum blockchain
  3. How is transparency achieved with ethereum code?
    it is visible to all to see on the block chain
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  1. The Web 1.0 was static web that only allowed text and images and was the web before JavaScript.
  2. A smart contract is a piece of code that exists on the Ethereum blockchain. To access money on a smart contract you need to make sure a specific rule that was set on the smart contract is fulfilled.
    3.Transparancy is achieved through deploying the code into the Ethereum blockchain where everybody can access the code and verify that it runs properly.
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  1. What was Web 1.0?

Web 1.0 refers to the first stage in the World Wide Web, which was entirely made up of web pages connected by hyperlinks.

  1. What is a smart contract?

A smart contract is a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code.

  1. How is transparency achieved with ethereum code?

The ETH platform is open source.

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1.) Web 1.0 was composed of simple, static websites, which was only able to show text, images, and links.
2.) A smart contract is a piece of code that runs on Ethereum. It is fully programmable and unstoppable.
3.) Ethereum code is visible to all, so there is no need to trust a third party, only the protocol. DON’T TRUST, VERIFY.

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What was Web 1.0?
You can only see and share content but cannot interact with it

  • What is a smart contract?
    A program that handles money and follows all instructions that can’t be changed.

  • How is transparency achieved with ethereum code?
    All nodes are in agreement with each other and reject any blocks not following the rules. Everything is decentralized and anyone can see the code to see what is going on so this creates trustlessness.

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1. What was Web 1.0? - Under Web 1.0, the first iteration of the internet, websites were more static (supporting only text, images and links) because javascript had not been developed yet, which is used to add the dynamic elements of a website.
2. What is a smart contract? - A smart contract, with respect to the Ethereum blockchain, is a script associated with a transaction promulgated on the network, so that while bitcoin enables the expression of transactions, Ethereum through its smart contract functionality enables the expression of conditional transactions. Transactions that execute if certain conditions are satisfied.
3. How is transparency achieved with ethereum code? - Transparency is achieved because every node in the network has a copy of the entire blockchain so that every node can query that state of the network at any given time.

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  1. Web 1.0 is the internet in its first stages. Text, images, and links.

2)Small pieces of code on the blockchain.

3)Once the smart contract is implemented you cannot go in and change it. It is open source and will be implemented according to the code.

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Q1. What was Web 1.0?

  1. Web 1.0 used static websites that could only show texts, images, and links. You could only read and share information.

Q2. What is a smart contract?

  1. Smart contracts are small pieces of code that run on the Ethereum blockchain that we can create using a programmable language called solidity. Smart contract is completely unstoppable and you can see who is sending money and who is receiving money.

Q3. How is transparency achieved with ethereum code?

  1. Transparency is achieved with ethereum code because all of us can read the code of the smart contracts. There is no way to reverse it or to change a smart contract and the way that a smart contract should behave.
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  1. Web 1.0 was the first stage of the internet before webpages became dynamic after the introduction of JavaScript.
  2. A smart contract is a contract that can hold your cryptocurrency and send it to specific recipients only when certain conditions are met.
  3. Transparency is achieved with ethereum code because it can be viewed by everyone and the contracts cannot be reversed or undone.
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  1. Web 1.0 was only able to create non-interactive websites with images, videos, and links.

  2. A smart contract is alike to Web 2.0 after javascript was developed. It allowed the blockchain to be developed by utilizing proof of work and transparency with the solidity programming to add rules to how a cryptocurrency is handled by it’s user.

  3. The transparency is achieved by allowing anyone on the ethereum network to view a smart contract and disable any need for a middleman (i.e. government) to process a transaction or govern use of crypocurrency and the blockchain.

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  1. basic version of the internet using only text and images
  2. programable in solidity is a trustless contract that follows the initial set of rules and it cannot be changed
  3. trough smart contracts because they are available for everyone to read
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