Homework on Ethereum Intro

Web 1.0 was the first internet, very basic display only no interaction possible.
A smart contract is a transaction built on ethereum that is coded to go ahead if certain conditions are met.
Like in Bitcoin it is possible to view the transaction on the network once there it cannot be reversed

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  1. What was Web 1.0?
    Web 1.0 was a static web…where interaction was not possible and it allowed for txt, images, and links.

  2. What is a smart contract?
    A smart contract are small pieces of code on the ethereum blockchain that can hold money and program what to do w/ money.

  3. How is transparency achieved with ethereum code?
    Transparency is achieved by using blockchain so tx’s can be seen by anyone.

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  1. What was Web 1.0?
    In such a web you can read text, pictures, share links. You cannot chat. It was before Java Script

  2. What is a smart contract?
    It is a code on Ethereum blockchain. You programm money, service… what should happen with it without middle man.

  3. How is transparency achieved with ethereum code?
    There is no middle man and is visible who to who, who with what…

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  1. Web 1.0 was the first version/layer of the internet before Java script. It was very basic and not dynamic.

  2. A smart contract is a small piece of code that enables the blockchain to have prebuilt, programmable, transparent, trust less, unstoppable contracts or transactions built into them that automatically deploy upon a pre determined input.

3)Transparency is achieved through open and verifiable code

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  1. It’s the first version of internet where websites could only display text, images and links.

  2. Is a small piece of code that run on the Ethereum blockchain, which can program money.

  3. Through decentralized blockchain (in this case Ethereum) where smart contracts run. Every transaction is verifiable by anyone and can’t be modified, stopped, or deleted.

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  1. What was Web 1.0?
    Web 1.0 is the original internet where it was read only with links, no interaction.

  2. What is a smart contract?
    A smart contract is an unstoppable, unchangeable transaction on the blockchain.

  3. How is transparency achieved with ethereum code?
    Ethereum code achieves transparency by showing the transactions on the blockchain so that the public can be informed. That way, something cannot be added or deleted, or terms changed.

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  1. What was Web 1.0?
    Web 1.0 consists of boring static websites with text, images, and links. It was not dynamic

  2. What is a smart contract?
    Smart Contracts are small pieces of code that run on the blockchain using the solidity programming language.

  3. How is transparency achieved with ethereum code?
    The smart contracts are transparent that allows you to verify the actions built within them. This allows a trustless system to be created where you can verify those actions yourself over the blockchain and smart contracts.

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  1. Web 1.0 was the internet before JavaScript. Static and boring with only text, images and links.

  2. A small piece of code running on the Ethereum Block Chain. These contracts are…
    Programmable money and assets.

  3. Everything on the block needs to be verified making everything on the block transparent.

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  1. Web 1.0 was static websites that you could only send text, images, and links.
  2. A smart contract are small pieces of code that run on the Ethereum blockchain network.
  3. Transparency is achieved with ethereum code via solidity witch is unstoppable. It can own, ,program money, and make financial decisions without third party and do business trustless…
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  1. The first version of our Internet, based on static boring pages.
  2. It’s a program that can be deployed and run on a blockchain.
  3. As the blockchain is public, anyone can see the program logic behind a smart contract and the transactions that affect its state.
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  1. What was Web 1.0?
    Web 1.0 were static websites that made up the beginning of the internet which only were capable of showing texts, images, and links
  2. What is a smart contract?
    A smart contract are small pieces of code that run on the ethereum blockchain. By using a programming language called solidity we can program smart chains and deploy them on the ethereum network. Smart contracts are unstoppable visible transactions. They can deposit money into them and they can decide what to do with that money when specified conditions are met. Decentralized programmable money that does not use third parties to happen.
  3. How is transparency achieved with ethereum code?
    Transparency is achieved on the ethereum code because it is completely decentralized and provides no point of failure, censorship, or resistance. Once the smart contract has been put into place it can not be changed or deleted. It will also be visible for everyone to see and hold accountable on the blockchain. Its execution cannot be stopped.
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1. What was Web 1.0?
It is the initial version of the internet, which was absolutely static with no interactivity.

2. What is a smart contract?
It is the special code that ensures the transactions between sender and recipient.

3. How is transparency achieved with ethereum code?
All transactions are tracable, secure and inevitable with no third party involved.
At any time each transaction can be fully reviewed.

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Ethereum Introduction

Answer all questions and post your answers in the thread linked below.

1. What was Web 1.0?
1.A. Mostly web 1.0 refers to a non functioning web page that had no background code to program. They where static and invariably had pictures, text and links.

2. What is a smart contract?
2.A. A smart contract is programmable contract that takes its instructions from the code and executes according to the rules set out in that contract. It provides an unstoppable way to perform dynamic tasks without help from middle men.

3. How is transparency achieved with Ethereum code?
3.A. Ethereum uses solidity to perform task on the blockchain and can be verified and checked without trusting a third party by looking up the code. If a smart contract has been initiated and all the conditions have been met the result will be actioned and is irreversible, these results can also be verified on the chain.

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  1. What was Web 1.0?

These we re stain website that could not deal with interaction from the user. The was before the use of Java Script

  1. What is a smart contract?

This is a piece of code on a blockchain that will execute certain transactions and action when specific requirements are met or specific inout are given. Its an immutable contract that cannot be changed.

  1. How is transparency achieved with ethereum code?

The blockchain is transparant so all the code can be read bythsoe who understand the coding language.

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  1. What was Web 1.0?

It was the intyernet back in the day with static websites, text and images, there were no chat and noi accounts etc…

  1. What is a smart contract?

Code that is stored on the blockchain, deployed on the blockchain, a relatively small piece of code, in ETH they are written in Solidity.

  1. How is transparency achieved with ethereum code?

All smart contracts are stored on the blockchain and hence - they are visible to everyone - all of the nodes, miners and people looking at the chain through block explorers…

I am very excited about the prospect of using cryptocurrency, not just as a money equivalent, but using it as a way to earn something as a result of doing some type of work.

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  1. Web 1.0 was a static network with limited capability. You could only have simple text, image, and links on Web 1.0.

  2. A smart contract is a programable piece of code that can own and decide what to do with money.

  3. Transparency is achieved through smart contracts where all Transactions are visible and a smart contract can not be stopped once put into place.

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  1. What was Web 1.0?

Web 1.0 was considered a time when static websites were apparent. When scripting, the growth of dynamic websites allowed web 2.0 to emerge.

  1. What is a smart contract?

A smart contract is considered pieces of code on the blockchain, which is deployed using the programming language, Solidity.

  1. How is transparency achieved with ethereum code?

Transparency is achieved with Ethereum by having smart contracts deploying code on the blockchain without a middleman or third party. Therefore, it becomes trustless, transparent, and executes on its own.

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  1. What was Web 1.0?

Web 1.0 was the first version of the web as we know it. It was static, with only text, images and links. Maybe some video. When Javascript came around, that was the beginning of Web 2.0, which is programmable and dynamic, based on user interaction.

  1. What is a smart contract?

A smart contract is a small piece of code, written in Solidity, for example, that can be deployed on the Ethereum blockchain. They can own and decide what to do with money. They are 100% unstoppable, unchangeable and transparent. Essentially, they are to blockchain what Javascript is to web 1.0.

  1. How is transparency achieved with ethereum code?

The tx details are audit-able by anyone who wants to take a look on the Eth blockchain.

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  1. Web 1.0 is static with only text, images and links. It is not dynamic like web 2.0 where you can interact using javascript
  2. A smart contract is a programmable code that you can own and decide what to do with money. It is on the ethereum network and written in solidity.
  3. The smart contracts are stored on the blockchain on a public ledger and these blocks cannot be amended. It eliminates the need of a middleman and it is a trustless system.
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  1. The first iteration of websites on the internet. These sites were only static and were not able to interact with users until further developments with web 2.0

  2. A programed instruction set that permanently fixes how assets are managed/treated/deployed once deployed

  3. Each smart contract and transaction is visible to the public, meaning that everything is accessible to anyone. This reduces the risk of corruption as is with other non-trustless systems

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