Homework on Ethereum Intro

Ethereum 101
#2649
  1. What was Web 1.0? static. text, image, link was boring
  2. What is a smart contract? small pieces of code , solidity . completely unstoppable , can see transactions. Can own and decide what to do with money .
  3. How is transparency achieved with ethereum code? trustless . no need not to do it. cant be tampered with .
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#2650

  1. What was Web 1.0? Very first internet technology that enabled static information to be published including images, texts, links but no dynamic, and no changing content and all users got the same info.

  2. What is a smart contract? Is a program that is in the blocks of a blockchain that is executable and allows for money to be spent if a condition external to the blockchain is fulfilled and the smartcontract is programmed that way. It is responsive, dynamic blockchain execution based on external stimuli.

  3. How is transparency achieved with ethereum code? With Ethereum code, first of all, the smartcontract code itself is transparent and readable like all the contents of the blocks in the block chain and all the nodes ( Miners) execute the same code. The next level of transparency is achieved in that it is trustless because we do not have to trust that the bitcoin or money will be dispensed when the condition is satisfied as this has been removed from the control of person and now it is owned and controlled by the smart contract running on blocks chained one after the other. The code itself cannot be manipulated or changed because it is like bitcoin controlled by the result of the previous block execution and cannot be changed.

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#2652

1 web 1.0 is a static website that only show text, images and links.
2 smart contract is a piece of code than can hold value, it will allow us to convert real world assets to digital assets.
3 like bitcoin etherium is a public ledger, that every transaction and smart contract is recorded and no one can change,

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#2653

  1. Web 1.0 is static images and test with no user interaction.

  2. Smart contract is piece of code that runs on the web. It can own and decide what to do with money. Also is unstoppable because is build in to the blockchain which cannot be reverted.

  3. Ethereum blockchain is public.

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#2654

  1. What was Web 1.0?
    Web 1.0 had static, text images and links after the introduction of Java, Web 2 was dynamic and accounts could be created, etc.

  2. What is a smart contract?
    Smart contracts are pieces of code programmable to assets and money. The language used for smart contracts is known as Solidity.

  3. How is transparency achieved with Ethereum code?
    Transparency can be achieved by the creation of smart contracts. Once the smart contract is deployed it can not be changed.

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#2655
  1. Static websites with text and images.
  2. A smart contract is a decentralised, self-executing contract between two people. Smart contracts make transactions traceable, transparent and irreversible.
  3. It is a public blockchain and anyone can see the contract and transactions.
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#2656
  1. A static web built without java script. The 1st generation web.
  2. Small pieces of code that are programmable to decide what to do with and how to own money.
  3. Transactions are recorded on a public ledger. Smart contracts on Ethereum can’t be changed or manipulated once the code is written and launched.
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#2657

  1. Web 1.0 was static, read only websites.

  2. A smart contract allows you to lock up funds which are only released when certain criteria are met.

  3. Transparency is achieved with ethereum because it is on a blockchain where everyone can read it and nobody can go back and change how a smart contract works.

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#2658

Web1 - Explain
This was the start of basic websites which were very static and all consisted of text and images with no interaction with social media.

Smart Contracts -
These contracts are written with small pieces of code that hold money which deploy on the Ethereum network with no third party.

Transparency -
Everyone can see what’s happening to the money in these applications, the middle man is removed, no people trust just verify with technology.

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#2659

1.What was Web 1.0?
Basic websites that were developed before Javascript was used.

  1. What is a smart contract?
    A piece of code that transfers money or assets once the conditions of the contract have been met.

  2. How is transparency achieved with ethereum code?
    Transactions are available for everyone to see on the blockchain.

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#2660

  1. What was Web 1.0?
    A static set of information. (Pictures, links, text)
    That doesn’t allow interaction with the user.

  2. What is a smart contract?
    It is a piece of code that runs on the blockchain.
    A smart contract is programmable money.

  3. How is transparency achieved with ethereum code?
    Everyone can read the content of the smart contract on the blockchain. No middle man required, trustless system.

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#2661
  1. basic internet before JavaScript.
  2. small code to give order that cant’ be changer or reversed
  3. as it is visible, can’t be deleted or changed
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#2662

1 Static, images texts
2 pieces of code that run on the blockchain
3 math equations, locked up no middle man

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#2663
  1. web1.0 is the term used to refer to the first state of development on the WWW that was characterized by simple static websites
  2. 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.
  3. without middle man
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#2664

  1. Web 1.0 was limited to static features like texting,

  2. A smart contract is small pieces of code that can hold money and program exactly what to do with money on the Ethereum blockchain.

  3. Transparency is achieved by the code of the contract on the Ethereum blockchain, which is publicly viewed by anyone.

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#2665

  1. What was Web 1.0?
    -Web 1.0 was when webpages on the internet could only provide information to read and links, there were no chats, or social interacting capabilities.

  2. What is a smart contract?
    -A smart contract allows for money to be held and allows for rules to be implemented through codes to control how your money behaves when the rules implemented requirements are met and due to the nature of blockchain technology once the rules are implemented it cannot be reversed.

  3. How is transparency achieved with ethereum code?
    With ethereum code you can program your money to do what needs to be done without having a central government controlling or manipulating it in their favor. It will solely follow the set of conditions programmed to be met at a given time.

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#2666
  1. web 1.0 the static version of the internet that displayed only text and images.
  2. a smart contract is a programable digital code that is unstoppable and programs your money to do a certain thing when pre determined conditions are met.
  3. transparency is achieved by documentation on the blockchain.
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#2667

web 1.0 was the first internet space evolution. It was static and simple.

a smart contract is a code that allows to program money and strictly follows its execution

Transparency is represented in open code and that anyone can see how it maintains

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#2668

  1. static websites that could not script the website, not able to adapt to input. Made possible in 2.0 with javascript.

  2. A programmable contract that’s put on the blockchain, it only triggers when specific criteria is met.

  3. The contract cannot be reversed or changed.

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#2669

  1. What was Web 1.0?
    Was the format of the web before Java Script. Text images, little interaction, boring etc

  2. What is a smart contract?
    Is a programmable software that runs on blockchain. It can held and transact money for example.

3.How is transparency achieved with ethereum code?
Its a public blockchain and everyone can verify the transations record, contracts interaction etc.

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