Homework on Ethereum Intro

Ethereum 101
#2910

What was Web 1.0?
Web 1.0 was the first iteration of the WWW, which was static, allowing only for text, image, and link sharing, it was described by Tim Berners-Lee as ‘read-only web’ highlighting the lack of programmability.

What is a smart contract?
It is a self-executing contract in which the terms of an agreement between parties are written into lines of code, transactions within smart contracts are trackable, transparent, and irreversible.

How is transparency achieved with ethereum code?
First, the code is viewable to everyone publicly.
Second, the coding of contracts removes the potential for manipulation, in so much as agreements, are hard-coded into contracts and once agreed upon cannot be altered or reneged on, reducing the need for trust and potential for obfuscation.

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#2911

  1. What was Web 1.0?
    An internet with simple webpages, which only displayed things such as text, images, and links.

  2. What is a smart contract?
    A smart contract is code that can be deployed in a blockchain, which will execute tasks based on the instructions and conditions given to it. It is decentralized and cannot be stopped once implemented.

  3. How is transparency achieved with ethereum code?
    Everything on the blockchain is visible to view by anyone.

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#2912

|1|Web 1 - static webpages with text, links and images, no interaction with sites.|
|2|Smart Contract - are programmes which runs on the Ethereum blockchain. Solidity is the
most used language to programmed smart contract which is transparent and immutable. |
|3|Transparency - anyone can see the code and transaction without being able to change it.|

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#2913

  1. Web 1.0 is static HTML pages that allow displaying of information only (text, images, links) with no user interaction.

  2. Smart contracts, are small programs that will run on the Ethereum blockchain. those programs decide how to hold and distribute your money based on programmable conditions.

  3. Transparency is improved because the code of the small contracts is available on network nodes and can be viewed and verified by anyone.

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#2914

  1. What was Web 1.0?
    Original internet protocol with text and image link limitations.

  2. What is a smart contract?
    A “Smart Contract” is a Web 2.0 application that is deployed via Solidity on to the Ethereum Network. It is basically small pieces of code that adds situational criteria to a transaction and is reflected on the Ethereum Ledger. Criteria must be met for transaction to be executed.

  3. How is transparency achieved with Ethereum code?
    The transaction with conditional criteria is deployed via Solidity and is unstoppable, immutable and is broadcast onto the Ethereum Network which is transparent / there for all to see.

rjr
2021-03-09T05:00:00Z

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#2915
  1. What was Web 1.0?
  • web 1.0 was a static boring website, that could only show text, maybe images, links and that’s it. Only read and share information and that is basically it.
  1. What is a smart contract?
  • Small pieces of code that run on the ethereum blockchain, by using a programming language called “Solidity” we can program a smart contract and deploy it on the ethereum network. This little program is completely unstoppable, nobody can shut it down, you can see exactly what is happening to it, in terms of txs, who is sending money, and who is receiving money from our smart contract. Basically, with this smart contract, you can own and decide what to do with money for ex. We have truly programable money without any intermediates and third parties.
  1. How is transparency achieved with ethereum code?
  • nobody can go and change how a smart contract behaves after the fact that has been deployed, it is also about removing the middle man and allow us to do business with anyone, we don’t trust the person we trust the technology is trustless we trust the way smart contracts are written. All of us can read the code of a smart contract is transparent, we can see what a smart contract is doing and we can see what is going to do, and therefore we can trust each other without knowing each other, and we don’t even have to have trust we can verify. Don’t trust, verify :slight_smile:
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#2916

  1. What was Web 1.0?
    Simple websites with HTML. Web 2.0 introduced Javascript and other programming languages to make sites move e.g. include personalisation, data driven et.

  2. What is a smart contract?
    A small piece of code (written in solidity) that sits in the blockchain. Once the code is on the blockchain it cannot be changed, stopped etc…

  3. How is transparency achieved with ethereum code?
    Smart contracts can be viewed by anyone – it’s on a public ledger (or sorts) so there is full transparency as to what the smart contract is doing, or will do.

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#2917

  1. What was Web 1.0? Web 1.0 was the first layer of the internet that had static webpages that you could only read and share data. It was very limited in its functionality.

  2. What is a smart contract? A smart contract is a piece of code written in solidity you can put on the ethereal blockchain to fulfill an agreement automatically when all the conditions are met.

  3. How is transparency achieved with Ethereum code? All transactions on the Ethereum blockchain are verifiable and is a decentralized platform. Transparency is achieved through verifying rather than trust.

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#2918

Web 1.0 is the static version of how websites were made. The old version of websites.

Smart contract is a contract that is more transparent and has specific actions that will be taking place if the conditions are right.

Transparency is achieve with the ethereum code because there is no way to change what is already been done in the blockchain. The actions that are set out to be done what is going to be done no matter how much humans change.

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#2919
  1. What was Web 1.0

It was a really basic version of web, meaning that everything was really static with a limited functionality.

  1. What is a smart contract?

It is a small program than runs on blockhain and is unstopable. It executes what is written in the code, and there is no way how someone could change it.

  1. How is transparency achieved with ethereum code?

It is all there on the chain, all the transacations can be seen and nobody can mess with the smart contract itself. Meaning that the contract will do what it is supposed to do.

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#2920

1 Web 1.0 was static website.
2 A smart contract is an application running on the blockchain.
3. Everybody can read and verify the code.

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#2921

  1. Web 1.0 was a static version of the web(internet) capable of carrying out simple tasks such as text, images, and links.

  2. A Smart Contract consists of small pieces of code written with the Solidarity language that run on the Eth Blockchain. Smart contracts are quite often referred to as “programmable money”. These contracts are secure, transparent, unstoppable digital TX,s

3). By trusting in the math and technology of the blockchain, and trusting in how contracts are written there is unique transparency where everyone can see what goes on within the smart contract,

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#2922
  1. Web 1.0 is the first version of the internet which only served static webpages
  2. A smart contract is a set of rules programmed in a code snippet which dictates how money that interacts with it will behave.
  3. By giving everyone the ability to read the smart contract code and check what it does.
#2923
  1. It was the first version of the internet. Which allowed for text , images & links to be accessible.

2.A smart contract is a small piece of code which can for example allow you to program money. its components involves solidity, being unstoppable & transparency.

  1. The Ethereum code is available for anyone to verify. For example if it involves money. You can see where its being sent or received. There’s no altering allowed but trustless is of importance.
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#2924

  1. Web 1.0 are the static websites which had only text, images and links. The websites we use today are Dynamic Websites.

  2. A Smart Contract is a piece of software stored on the blockchain, there is no way to reverse it.

  3. There is transparency on Ethereum through the smart contract code, the smart contract is visible to everyone. Everything is Decentralized.

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#2925

  1. Web 1.0 refers to the early version of the internet, which consisted of static web pages. These web pages could only give information and thus contained only static images and texts. There were no chats, no accounts, etc.

  2. A smart contract is a piece of code that is deployed onto the Ethereum blockchain. These contracts are used to execute transactions without the use of middlemen and are immutable.

  3. Transparency is achieved with these smart contracts because once they are deployed onto the Ethereum network, they are immutable and can easily be verified.

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#2926
  1. Web 1.0 is first version of internet which allowed only texts, images and links.
  2. This is a code written on Solidity which is running on Etherium blockchain.
  3. Code and its conditions can be read and verified from chain by anyone, but it cannot be changed. This is trustless technology.
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#2927
  1. Web that only enabled static web pages
  2. Piece of code on blockchain that enables programmable money
  3. Anyone can view it
#2928

  • What was Web 1.0?
    Static, image, links ( early internet age)

  • What is a smart contract?
    A programmable contract that holds money , it can be used for business use and is executed on the blockchain. This removes the need for trust when doing business. It cannot be tampered with because of the blockchain unalterable nature.

  • How is transparency achieved with ethereum code?
    Everyone can see the smart contract and so it is deemed corruption free.

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#2929

  1. What was Web 1.0?
    is the first version of the web source, it is
    Static and only allows text, image & link.

  2. What is a smart contract?

Is a composition of codes, using to make transactions.
These codes allow different conditions to get activated/used and this makes it unstoppable

  1. How is transparency achieved with ethereum code?
    By the usage of the blockchain, transparency is inevitable, all the tx´s are visible
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