Homework on Ethereum Intro

Ethereum 101
#2870

  1. What was Web 1.0?
    Web 1.0 was when websites were only composed of text, images, and links. This was the time period before browsers had Javascript and the ability to be programmed.

  2. What is a smart contract?
    Smart Contracts are codes written in programming languages such as solidity that are deployed on the blockchain. They can be used to create coins, swaps, automated payment tools, yield farms, and many other utilities. They show how much money they hold, and the transaction inputs and outputs publically. Smart contracts are also decentralized, and are basically unstoppable, programs that cannot be shut down.

  3. How is transparency achieved with Ethereum code?
    Ethereum smart contract codes provide transparency because they are immutable and cannot be changed once deployed. You cannot change the behavior of smart contracts once they are published and this adds to reliability also decreasing corruption. Smart contracts remove the element of trust, and instead rely on verification, and the rules of mathematics and law.

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#2871

  1. What was Web 1.0? Web 1.0 was the early Mosaic web browser, basic dial up connections, and general static page web surfing. Web 1.0 was the first iteration of what has now transformed into ubiquitous cloud, media, communications (audio, text, and video), and applications. Web 1.0 was void of all these features.

  2. What is a smart contract? A smart contract is an application written and executed on blockchain and decentralized virtual machine. Value tokens are transferred to the custody of the smart contract and these token are used based on scripted terms of the contract.

  3. How is transparency achieved with Ethereum code? The code is open source and smart contracts are readable on the Ethereum blockchain.

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#2872
  1. Web 1.0 was a static interface where you were limited to reading and sending information exclusively.
  2. A smart contract is a specific code written into the blockchain that can be programmed to distribute funds. Once the contract in enacted, it becomes irreversible.
  3. Transparency is achieved by eliminating middlemen and removing the possibility of outside information.
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#2873
  1. Web 1.0 was the internet before the introduction of javascript. (I.e. not dynamic)
  2. A smart contract is a trustless automated “action” that says if “a” happens, do “b”. This is achieved by using the Ethereum Virtual machine (Solidity Programming Language) and is completely transparent.
  3. The network is decentralized/widely distributed between different nodes, and all on-chain data is available for the public to see. This allows not only the verification of smart contract data, but also allows for complete transparency/a trustless environment.
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#2874
  1. What was Web 1.0?
    Web 1.0 was the original, the product at the point of creation, of the manifestation of the idea, of the web, where information existed as static creations, by the form which could only be consumed as read-only.
  2. What is a smart contract?
    A smart contract consists of a static representation, called a contract. The word, “smart” refers to a dynamic representation, an embedded executable code, which acts as a vehicle for the transmission of the terms and conditions of the contract, activated at the instance by the running of a “signature-function” of the contract.
  3. How is transparency achieved with ethereum code?
    Transparency is achieved with the Ethereum code, by including all code in the blockchain, the core of which transmits information for all to see.
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#2875
  1. What was Web 1.0?
    we talk about static websites with text and image, with interactive and dynamic limitations
  2. What is a smart contract?
    it is a code that can hold money and can be programed with instructions of what it is going to do with
    it
  3. How is transparency achieved with ethereum code?
    because there is no way to cheat, no one can change smart contracts on the block chain and they
    are not reversible. The contract will execute by itself when the conditions are met without the need
    of a middle man
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#2876

1 Web 1.0 was a simple html code with text and images, without javascript encoding.
2 Smart Contract is a code built on a blockchain platform. Follows instructions based on the code.
3
Transparency on ethereum is achieved by having open-source projects and everyone can control.

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#2877
  1. What was Web 1.0?
    Internet before Java, when there was only text and pictures, nothing moving.
  2. What is a smart contract?
    Contract that is coded into blockchain
  3. How is transparency achieved with ethereum code?
    Everyone can see the code and verify that the contract is there.
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#2878

1_ Web 1.0 was a static enviroment where only text, images and links where shared, minimal interaction. Until Javascript was added.

2_ A smart contract is a piece of code that will execute a transaction in the future if a certan condition is met. there can be several outcomes depending on instructed conditions.

3_ Anyone can look at the contracts, anytime anywhere. Thanks to the decentralized unalterable nature no one can change the outcome.

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#2879
  1. the old internet that has websites that where static. They could only display text, images and have links to other websites.
  2. a smart contract is a piece of small code that is self-executing and runs on a blockchain.
  3. smart contracts build with ethereum code are stored on the blockchain which can be accessed by everybody who wants to. All transactions can be seen and the code cannot be tampered with since tampering with the blockchain is virtually impossible.
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#2880
  1. Web 1.0 were the first webpages pre javascript.
  2. A smart contract is a small piece of code embedded into the blockchain that holds money and doesn’t realease the money until a specified condition has been met.
  3. Transparency is achieved through the public ledger which means any data can be verified at any point.
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#2881
  1. A simple base level website with just images, text
  2. A smart contact is part of the blockchain and is basically small bits of code to hold money until a certain period of time
  3. It uses the blockchain so there is complete transparency
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#2882

  1. Web 1.0 is old fasion web. Only text, picture, links. All static without user based interaction. Before javaScript implemantation.

  2. Smart contract is unstoppable decetralized code that run on the ethereum network.

  3. All data on ethereum network is free and public to everbody.

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#2883

What was Web 1.0?

Web 1.0 was the original version of the web where there were only static websites.

What is a smart contract?

A smart contract is a program running on a blockchain such as Ethereum.

How is transparency achieved with ethereum code?

Anyone can see the code.

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#2884
  1. Static websites that only showed text, images, and links.
  2. Small pieces of code that run on the Ethereum blockchain. By using a programming language called solidity, anyone can program a smart contract and deploy it on the ETH network. No one can change it or shut it down and it is completely transparent.
  3. Transparency is achieved by completely removing the element of trust. Anyone and everyone can read the contract. Don’t trust… verify!
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#2885
  1. What was Web 1.0?

Web 1.0 was the first version of the internet where only basic information was shared, liked images & text.

  1. What is a smart contract?

A smart contract is a bit of code that will run when certain conditions are met. You can put some money into a smart contract and when that condition is met the money will be sent to the specific location.

  1. How is transparency achieved with ethereum code?

Because anyone can see what is happening in the smart contracts and transactions. You don’t need to take anyone’s word for what’s happening.

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#2886

  1. What was Web 1.0? This is the initial legacy version of the internet which had only limited possibilities (creating static websites with pictures and links) as opposed to later version which allows dynamics through JS

  2. What is a smart contract? Smart contract is code that is deployed on the blockchain which has certain conditions that once fulfilled this results in a particular action. These smart contracts are unstoppable once deployed (unless the code itself defines how they can be revoked) and are being executed 24/7/365

  3. How is transparency achieved with ethereum code? Due to the open source, everyone can examine the smart contracts --> full transparency eliminated the need for trust

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#2887
  1. What was web 1.0 ?

The first version of the internet without JavaScript.

  1. What is a smart COntract?

A peace of Code greated on a Blockchain which can handle money on its own.

  1. How is transparency achieved with ethereum code?

BEcause everyone can read the smart contract. So everyone can see what will happen.

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#2888

  1. Web 1.0 consists of static websites. Text and images, but lacking in dynamic asymmetric client side features, such as chat.

  2. A smart contract are programmed transactions that run on the blockchain.

  3. Transparency is achieved by being on the blockchain, where the parameters of the smart contracts are ingrained in the blockchain itself.

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#2889

1.What was Web 1.0?
Static and boring using only texts and images

  1. What is a smart contract?
    *An Ethereum program written with solidity, programmable money, assets that is transparent and unstoppable *

  2. How is transparency achieved with ethereum code?
    Eliminates the middle man, trust only the code not a centralized entity, open sourced and visible to the public.

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