Homework on Ethereum Intro

  1. What was Web 1.0?
    Web 1.0 was the very first version of the internet. It was static, nondynamic and useful only for publishing text, reading and sharing information. It was not interactive like the internet today.

  2. What is a smart contract?
    A smart contract is a piece of code, or a program that executes a function once a specific set of conditions have been fulfilled within the program.

  3. How is transparency achieved with ethereum code?
    In general terms, transparency is achieved by the simple fact that smart contracts on Ethereum are public and anyone can read its code and determine its purpose. In terms of computer science, transparency is achieved because the program or smart contract is completely automated and can occur behind the scenes without need for supervision by the originator.

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  1. Bitcoin and Ethereum use a PoW and Ethereum allows for creating smart contracts and for the building of decentralized applications to be built on top of it.

  2. Smart contracts are executed using ethereum virtual machine.

  3. Security. Every contracts is visible to everyone.

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  1. What was Web 1.0? Web 1.0 was the initial version of the internet that allowed only static websites that displayed text, images, and links. There was no interaction like there is today on Web 2.0.
  2. What is a smart contract? A smart contract is small piece of code, written in Solidity, that is an inalterable, transparent programmable transaction.
  3. How is transparency achieved with etherium code? Transparency is achieved through the use of blockchain technology.
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  1. What was Web 1.0? this was the initial for of the internet. the web pages could only contain text, pictures, links, etc. you cannot interact with the webpage. Web 2.0 added the capability to script on the web and allows much greater interaction and a richer experience.
  2. What is a smart contract? A smart contract is script that allows money to be programmed. the contract can be programmed to execute under coded conditions. it cannot be changed once implemented since it lives on the blockchain.
  3. How is transparency achieved with ethereum code? The blockchain is decentralized and visible to everyone. Once the smart contract is deployed, anyone can see it at any time. it also cannot be changed and is trustless so you do not need to worry about it being corrupted.

1. What was Web 1.0?

Web 1.0 was static websites where you could only read text/information, see images. There was no user interaction other than that.

2. What is a smart contract?

Smart contracts are immutable programs sent to the blockchain coded in Solidity language. Therefore, they are transparent and trustless transactions.

3. How is transparency achieved with ethereum code?

Transparency on ethereum is achieved by making smart contracts public on the blockchain. Anybody can consult them and acknowledge their contents.

  1. What was Web 1.0? the first pass at the internet where websites were static with content and hyperlinks

  2. What is a smart contract? it’s immutable code (if then else) tied to financial transactions

  3. How is transparency achieved with ethereum code? the code is written in solidity and is fully viewable and immutable on the blockchain. it is trustless.

  1. Web 1.0 was internet with static content with no user interaction.
  2. Smart contract is blockchain 2.0 coded by solidity language. It is an immutable program that is transparent and trustless tx.
  3. Smart contracts are a trustless & immutable contract available publicly for anyone to view the content.
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Web 1.0 was the beginning of the internet and was very basic compared to what we have now. It was static sop you could only have text or images.

A smart contract can be built on Ethereum. Anyone can write one. The can be used to programme assets.

Anyone can read the code of a smart contract, therefore making it very transparent. You cannot change the information in the smart contract once it has entered the blockchain, so people can trust the technology and this also removes any need for a ‘middle man’ or third party

  1. The first version of the internet with static websites.
  2. It’s a piece of code on a decentralized blockchain that will automatically execute
  3. All the data can be read by everyone and cannot be changed
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  1. What was Web 1.0? - It is static like intranet. You can only text, add image and link
  2. What is a smart contract? - It’s Web 2.0, where it’s dynamic, users are able to conduct chat, open accounts. Javascript was the precursor programming language that allow Web2.0 to take off.
  3. How is transparency achieved with ethereum code? It’s a programmable asset that it’s trustless. No middleman, no manipulation, and execution is solely based on the conditioning features written on the block.
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  1. Web 1.0 was just static websites with text, images and links to share information. Things like making accounts or chatting were not possible.

  2. Smart contract is a piece of code in a blockchain, that can own money. It has a programmed way to work that can’t be altered once it’s deployed.

  3. Smart contract code is readable to anyone, and it’s based on verification with no need for trust.

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  1. Static websites where all you can do is read and share info.
  2. A smart contract is a piece of code that is executed once terms are met.
  3. Takes out the middle man, you put your trust in the technology.
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  1. Web 1.0 was a simple internet consisting of text, images, and links.

  2. A smart contract is a data structure unique to Ethereum, programmable via the language Solidity, wherein finances are put in, and will only be sent when a certain condition is met.

  3. Just BTC, ETH’s blockchain is public and unalterable, unless you want a bunch of broken chains.

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  1. What was Web 1.0?
    • Web 1.0 was when the internet first came about and was very basic. Web pages included text, images and links and that’s about it.

  2. What is a smart contract?
    • A smart contract is where you have the ability to write a code that runs on the ethereum blockchain. It is written with the programming language solidity. It is unstoppable and transparent and automatically executes what you program it to do.

  3. How is transparency achieved with ethereum code?
    • Transparency is achieved because it is a trustless system. Everyone is able to view each and every transaction and verify it.

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  1. What was Web 1.0? Static boring websites with images, text and links. It was before Javascrpit which enabled the websites be what it is today.

  2. What is a smart contract?
    It’s progmmable money. Programmed with solidity(language) and deployed on the ethereum network. Smart contracts are unstoppable you have to program in which conditions the money is released, if you don’t do this the money will be lost.

  3. How is transparency achieved with ethereum code?
    Basically very similar than btc, but you can have also smart contracts on a block. Blocks are transparent like in btc and cannot be altered. It is a trustless system.

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  1. What was Web 1.0?
    The first and rough version of website.

  2. What is a smart contract?
    A protocol that executes the program according to terms and conditions of the contract.

  3. How is transparency achieved with ethereum code?
    Ethereum codes are public for anyone to see.

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  1. Web 1.0 was the beginnings of the internet where it was just static pages that could only show text, images and links.
  2. Smart contracts are small pieces of code that run on the ethereum blockchain.
  3. Transparency is achieved because the contracts are unstoppable and visible on the public blockchain.
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  1. Web 1.0 was the first version of the internet that was static before JavaScript came along and made it dynamic.

  2. A smart contract is programmable code that can be used for transactions on the Blockchain that can not be changed after it is broadcast to the network.

  3. Transparency is achieved with ethereum code similar to the way that is achieved with Bitcoin.
    The smart contract is broadcast to all the nodes on the network so everyone on the network has a copy of the smart contract.

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  1. Web 1.0 was the old text or link only, and some pics that took forever to download.
  2. Smart contracts are small pieces of code that run the eth network.
  3. Transparency is achieved through smart contracts. all transactions are public
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  1. web 1 is HTML based
    2)functions/programs that get deployed in the blockchain
    3)its transparency is trustless and decentralized with no authority.
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