Homework on Ethereum Intro

  1. Web 1.0 was only text and stationary images.
  2. A smart contract is a contract in code with no third party intermediary and in this example programmed on the Ethereum blockchain with Solidity.
  3. Ethereum is a public blockchain so individuals can view the smart contract.
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  1. Web 1.0 is the initial epoch of Internet presenting static elemetary web pages with no interactive elements and advanced web technology (java, php, etc.) involved.
  2. A smart contract is a programmable contract, that is run on dynamic programmable blockchain.
  3. Transparancy is achieved through decentralization melted into the blockchain run by multiple nodes, including miners, who are bind by the Proof of Work method involved into the process of adding new transactions to the blockchain.
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  1. What was Web 1.0?

Web 1.0 means the web is static. Could only show text, images, and links. Only able to read and share info.

  1. What is a smart contract?

A smart contract are small pieces of code written in Solidity and used on the Etherium network. Once deployed they can’t be reversed or stopped. Smart contracts are transparent, trustless, and middlemen are not needed.

  1. How is transparency achieved with ethereum code?

Trust but verify. The code is publicly displayed on the blockchain for everyone to verify.

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  1. Web 1.0 was static websites before Java that did not allow users to interact with pages.
  2. Smart contracts are pieces of code on the blockchain that serve the function of executing specific transactions based on a programmed set of parameters
  3. Smart contracts are stored on the blockchain which is visible to the public, therefore qll transactions are transparent
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1.- Most basic form of internet. Primitive, just shring statistics, numbers and info, not iinteraction at all.
2.- Contract based on a programmable {code} computer language.
3.- Helps with erradication of corruption of parties involved.

Summary

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1- Basic websites composed of html, images and links
2- A set of rules that is unbreakable once the participants agree on it.
3- A publicly available blockchain and a permissionless smart contracts make it difficult to cheat the system

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  1. What was Web 1.0?
    Web 1.0 refers to the Internet that had only static information (text, images), that are part of the code.

  2. What is a smart contract?
    Smart Contract is an application of how a TX will be executed.

  3. How is transparency achieved with ethereum code?
    Through Smart Contracts you can create the rules that it will work and add blocks on the blockchain. Only the blocks that meet the rules will be added and that could not be breached.

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  1. What was Web 1.0?

Web 1.0 refers to the internet with only static information (test and images)

  1. What is a smart contract?

A piece of code running on the blockchain using the code language solidity

  1. How is transparency achieved with ethereum code?

With a decentralized blockchain on which smart contracts are created. Every transaction is verifiable by anyone and can’t be modified or deleted.

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1 Then… I was a young, strong and beautiful man :wink: The first, old, static internet.
2 Just a part of a code running on the BC, that brings rules and informations.
3 The informations are always and to all accessible, and they are not modifiable or cancelled.

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  1. static website where you can see what is there and ready only not much interaction like dynamic website.

  2. smart contract is like java script for the internet you can program the money using solidity in ethirium to set the rules of what the money should do if certain rules are met.

  3. once the money is programmed you cannot go back in blockchain and change it exactly like bitcoin. It will do what its supposed to do even if you the programer changed your mind. So there is no need for trust its transparent and its traceable

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  1. What was Web 1.0? Static face to the web. Consisted of things like text, images, or links. BTC is analogous to Web 1.0 in that it consists of blocks, links, transaction records, and hash outputs.
  2. What is a smart contract? A small piece of code which runs on the blockchain. It is placed within a block, thereby making it permanent and unstoppable. It can hold money and/or provide services.
  3. How is transparency achieved with ethereum code? Being on the blockchain, it is transparent (i.e. anyone can see the code, what it is doings, who is sending or receiving funds, etc.), removes the middleman, and is trustless.
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1.) Web 1.0 was the internet before JavaScript gave it back-end functionality. It consisted of only static elements. Similarly, Blockchain 1.0 (Bitcoin) was before smart contracts gave programmable utility to blockchain technology (Blockchain 2.0/Ethereum).

2.) A smart contract is a program written on top of a blockchain network that executes an immutable, unstoppable program that has been designed to hold money until a certain condition is met. It then disperses the money as instructed by the code in the smart contract.

3.) Ethereum achieves transparency by using blockchain technology to ensure all transactions & smart contracts on the network are publicly visible, somewhat similarly to the Bitcoin network - but with much more utility. Ethereum’s smart contract capability has the potential to remove middlemen in many industries, which in turn removes the need for a trusted 3rd party - or even the need to trust the recipient or the sender themself.

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  1. Web 1.0 was the internet with static pages only.

  2. A smart contract is a contract written in code that self-executes when certain conditions are met. A smart contract runs on a blockchain.

  3. The code is publicly available for viewing/reading. All executed transactions by the smart contracts also recorded in the blockchain.

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  1. Static web sites consisting of images and text

  2. The ability to program monetary transactions on a blockchain

  3. Through the open source, verifiable and permanent record of the blockchain

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  1. What was Web 1.0?
    Web 1.0 is the most basic version of the internet, it is “static” that is websites cannot dynamically change themselves and adapt for every user
  2. What is a smart contract?
    A smart contract is a more complex transaction that is meant to be automatically executed if the necessary conditions are met, a smart contract can also “hold” money .
  3. How is transparency achieved with ethereum code?
    One can verify the immutable data once a contract is deployed on the ethereum network.
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Web 1.0 was reading text , v.basic, no interaction.

A smart contract is a ‘trustless’ contract that can’t be interfered with and once on the Blockchain completes it’s task when the conditions are met.

Transparency is achieved because all transactions are viewable by anyone.

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1: Web 1.0 was the internet before JavaScript. You could only display information on web pages.
2: A smart contract is a contract on the blockchain that executes once a certain criteria has been met. It can not be changed or removed.
3: Transparency is achieved because everything is public. Once something is on the blockchain, it can not be changed and is viewable to anyone.

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  1. Static websites wich could only show text, images & links, it’s basically the web before javascript.
  2. Small pieces of code that run on the Ethereum blockchain (programmed with Solidity)
  3. No middlemen needed, no need of trust because we can verify everything
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  1. What was Web 1.0?
  • Web 1.0 was a static websites that could only contain text, images, and links.
  1. What is a smart contract?
  • A smart contract is small pieces of codes and programs that can be deployed to Ethereum blockchain.
  1. How is transparency achieved with ethereum code?
  • Once a smart contract is placed on the blockchain it’ll be decentralized and visible to everyone. It’s trustless and removes middleman.
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  1. Static websites which could only show text, images and links.

  2. Small pieces of code that can hold money and be programmed as to what it does with that money for example.

  3. Transparency is achieved by everyone being able to see what is happening as its a decentralised network that brings trustlessness.

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