Homework on Ethereum Intro

  • What was Web 1.0?

Static websites that only could share text, images and hyperlinks.

  • What is a smart contract?

Small pieces of code that run on the Ethereum blockchain. They use a programming language called Solidity which can store and move money making it programmable.

  • How is transparency achieved with ethereum code?

You can not change or modify a smart contract and it is open and transparent for anyone to see.

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1. What was Web 1.0?
Web 1.0 was the static internet without any moving pictures or personalized data.

2. What is a smart contract?
A smart contract allows the ability to program limits or qualities that have to be met for the dispursement of the code-coin.

3. How is transparency achieved with ethereum code?
Open source code is inherently transparent, allowing for independent verification.

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  1. Web 1.0 was the internet before Java Script came into the picture. It was a static web where in the websites you could only include Images, Text and links.

  2. Smart Contract is made of smaller pieces of codes that run on the blockchain 2.0

  3. You can check the code to know what this contract is all about without worrying of someone lying to you.

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  1. What was Web 1.0?
    It was the “first” version of the internet. Which was very basic and static: text, images and links.
  2. What is a smart contract?
    Small pieces of code that run on the ethereum blockchain. They can own and decide what to do with “money” without intermediaries.
  3. How is transparency achieved with ethereum code?
    The smart contract and the transactions from and to it are visible in the blockchain.
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  1. web 1.0 is the internet before javascript. A simple text and data platform w/out a language to program and personalize pages.

  2. A smart contract is a programmable and irreversible assembly of code that enables the execution of said code on the block chain.

3)Transparency is achieved through consensus on Ethereum. Because all the code can be verified.

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Web 1.0 was all about static page of content. 2.0 was enabled by javascript

Smart Contract is programmable money

look at the code and trust the math … It is an immutable record

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  1. Web 1.0 is the first generation of websites with basic, static programming with minimal information.

  2. A smart contract is a contract published to the blockchain that is transparent and cannot be altered. It also is ‘trustless’ and eliminates the need for 3rd party services.

  3. Smart contracts are broadcast to each node on the ethereum network.

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  1. Web 1.0 was the web technologies that allowed the usage static websites using html and css.
  2. A smart contract is software that is deployed to the ethereum contract that controls money.
  3. Each block in the blockchain can be verified and is immutable.
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  1. Web 1.0 was the first version of the internet where people were able to share information such as text and images however there was little interaction.

  2. A smart contract is a programmable piece of code that is deployable on a blockchain. This code encodes a contractual agreement and is self executing removing the need for intermediaries between 2 parties who wish to do business. It is transparent, trustless, and unstoppable.

  3. Transparency is achieved with Ethereum code as all parties are able to see a contractual agreement and its terms which are defined by the code in the smart contract. Furthermore as the contract is self executing there is complete transparency as to when the funds will be released without the worry of one or more parties involved deciding not to fulfil their side of the bargain. Once the smart contract is deployed it cannot be changed, in other words it is immutable and that provides transparency for both parties.

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  1. What was Web 1.0?

Before Javascript, Web 1.0 was limited to simple exchanges of information.

  1. What is a smart contract?

An agreement of exchange, with programmable conditions that exists on the blockchain. It cuts out the middle man usually involved in such transactions and allows for trustless trade.

  1. How is transparency achieved with ethereum code?

It is open source, allowing all parties to verify.

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  1. A web that was static, without Javascript. It had limited applications.
  2. A piece of software that runs on tops of a blockchain. It allows to makes transactions under specific conditions (if condition = true, then money released from A to B for example). It is unstoppable, decentralized, its code is transparent and public. It doesn’t require any intermediary to be triggered, and removes the need to trust a person for the contract to be fulfilled.
  3. Through PoW and cryptography. It allows a contract to be public and unchangeable.
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  1. Website with text to be read only.
  2. A program that runs on a blockchain.
  3. Everyone can read the code.
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  1. What was Web 1.0?
    Web 1.0 was the first iteration of the internet and was the first version of HTML coding. It lacked a great deal of functionality we see on the web today.
  2. What is a smart contract?
    A Smart Contract is a program that is tied to a blockchain transaction that allows for scripts and programming. These scripts can implement contingencies that would trigger the payment of the transaction to a recipient or can apply other conditions to payments. The scope is practically endless, but analogies to paper contracts include wills, trust finds, escrows, etc.
  3. How is transparency achieved with ethereum code?
    Like Bitcoin transactions, smart contracts are perfectly visible in the blockchain, so they are public knowledge. Anyone can see the prgramming applied to the blocks of transactions.
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Homework on Ethereum Intro

What was Web 1.0?

Web 1.0 was the first “version” of the world wide web. It was pre javascript and could only host static web pages.

What is a smart contract?

A smart contract is a kind of “business agreement” between two parties. It is a program that runs on the ethereum blockchain and cannot be reversed or tampered with. Once the contract starts it will need to run to completion.

How is transparency achieved with Ethereum code?

Similar to bitcoin, Ethereum has its own blockchain with its own nodes that verify transactions. The transactions can be seen on the public ledger. Also through smart contracts people can see where and when their money is going and as a result reduces the likelihood of corruption in business/govt. agreements.

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  1. An older, less functional version of the web before javascript.
  2. A piece of code on the ethereum chain.
  3. The data is open for everyone and cannot be messed with.
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  1. Web 1.0 was websites that could only host static pages.
  2. A smart contract is a piece of code on the ETH blockchain that is fulfilled only when the programmed criteria is met.
  3. ETH is open sourced so it is transparent.
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Indeed sir, also by the ability to verify the code on an smart contract, we can truly understand how it suppose to work, this lead to trust-less transparency, since you can verify how an smart contract should work by your own! No need to trust on middlemen, all the transactions of an smart contract are public to be verified by anyone. :slight_smile:

Carlos Z.

1. What was Web 1.0?
Web 1.0 was the first version of the internet that allowed people to make static websites consisting of images, text and links.

2. What is a smart contract?
A smart contract is a piece of code included onto the blockchain that determines if a certain transaction will take place or not depending upon if specific conditions have been met.

3. How is transparency achieved with ethereum code?
It will be impossible to by-pass or to overule the mechanism of a smart contact as the code is built into the functioning of the blockchain itself. The scripting code is openly visible to everyone everywhere so they can verify the functioning of the smart contract for themselves.

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Web 1.0 was the base internet where websites were very basic. they included text, links and pictures and that’s it. There was very little interaction, just information.

A smart contract is computer code designed to perform a function in a trustless manner without the need of intermediaries to perform the function. If A happens then B happens and smart contract will execute.

Code is law and thus we can verify the code within the contract on the blockchain. No need to trust. DON’T TRUST, VERIFY!

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1. What was Web 1.0?
Web 1.0 was a static web that just used text and images
2. What is a smart contract?
A small piece of code written in solidity that allows you to execute contracts without the need for middlemen or intermediaries
3. How is transparency achieved with ethereum code?
All transactions in the smart contract can be viewed and verified. The POW algorithm allows one to trust that the information is correct and has not been altered

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