Homework on Ethereum Intro

Ethereum 101
#603
  1. This was the first phase of the internet which was largely based on static information and images on the internet. Web 1.0 was based on non interactive, non user dynamic pages
  2. A smart contract are pieces of code which can interact with the blockchain defining behavioral characteristic on how transactions should behave based on a set of events and / or triggers within the blockchain or that interact with the blockchain e.g. payment out of funds on the blockchain if the original account is not logged into for a specific number of years etc
  3. This is via the fact that once the required interactive code has been tested and deployed it’s effectiveness is independent of changes or corruption of human intent of any of the parties involved in the contract. The contract will execute as originally intended and is verifiable by all parties to the contract and external audit by others
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#604

  1. Web 1.0 was the initial version of the internet and it only contained informations, plain text, links and images.

  2. Smart contracts are small pieces of codes that run on the Ethereum blockchain. It is created by a programming language called solidity. This contracts are only executed if the conditions based on the code are met.

  3. Smart contracts eliminate the need for trust as the contract written in the code is available for both parties to verify. With smart contracts, financial transactions can be carried on the blockchain without the need for intermediaries and the contract is only executed if the conditions are fully met.

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#605

  1. Web 1.0 is the first version of the internet where only information and images were provided and it wasn’t interactional (no chats, for instance).

  2. Smart contracts are pieces of code that run on the Etherum Blockchain through Solidity, the programming language.

  3. Smart contracts are unstoppable and immutable. The transactions can be verified which allows transparency and trustlessness- you don’t need to trust, you verify.

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#606
  1. Web 1.0 was pre java script, when only text and simple images and links.
  2. A smart contract is a program that runs on the blockchain, will own funds and only release those funds under specific conditions. immutable and trustless.
  3. Ethereum is transparent because its source code is open source. This allows people to build open source smart contracts for all involved parties to see.
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#607

Web 1.0 was the first version of the internet when you had only had static websites with text, images, and links.
2.
A smart contract is a contract that removes the trust behind a traditional contract. There is simply no way to go back and change your mind when the smart contract is in effect.
3.
Transparency is achieved by having the code on the blockchain for everyone to see.

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#608

Q1: Web 1.0 was the most basic website that you could build. It only allowed for text links and the most basic features until JavaScript was added.

Q2: A smart contract is a snippet of code that runs on the Ethereum blockchain and has the capability to hold and send money based on what you program it to do

Q3: The smart contracts are publicly visible to anyone who would like to see it on the blockchain. This means anyone can go look at it adding transparency and removing the need to trust middle men.

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#609

  1. This refers to the first stage of the www, or internet that consisted of static web pages without interactive content.

  2. A mart contract, also known as a cryptocontract , is a computer program that directly controls the transfer of digital currencies or assets between parties under certain conditions.

  3. All data on the ETH blockchain is transparent (readily and completely visible) and available to be traced by anybody but the confidentiality can be achieved by encryption. In other words, the confidential information is saved on the blockchain in an encrypted format, and the keys of decryption can be shared only with authorized individuals.

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#610

  1. Static website that only displayed text, images, links - you could only read and share information. There were no chat no accounts no social media…

  2. It is small piece of code that runs on ethereum blockchain.

  3. Because the ethereum code is transparency - publicly available. anyone can see this code and verify the transaction or smart contracts.

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#611

  1. Web 1.0 was the first version of the world wide web where webpages were static.

  2. A smart contract is a program residing in the blockchain that can own coins and send them according to the rules that was programmed into it.

  3. Transparency in ethereum code is achieved the same way as with Bitcoin because all transactions and smart contracts on the blockchain can be viewed and verified by anyone.

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#612

1: Static internet with only text, images and URLs
2: SC is small pieces fo code on the Ethereum BC - Dynamic and programmable money
SC can own money and decided what to do with it.
3:No one can change a SC. Everybody can see what it contains. No Middelmen. No trust in one person - trust in the code

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#613
  1. web 1.0 was static websites only to share information. its internet before java script.
  2. smart contracts are small pieces of programmed informations placed on the eth blockchain. they are programmed in solidity. the contracts are unsopable and can own and decide whats happening with the money.with these contract i eliminate middle man services.
  3. transparency is achieved through the possibility for everyone to see the transactions and the fact that they are unchangeable.
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#614
  1. Web static web page that can only contain text, images and links.
  2. Small pieces of code that runs on the Etherium network.
    3.You can see all of the transactions interacting with the smart contract, as well as the code of that smart contract which allows anyone to verify it is behaving as expected.
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#615

  1. It’s the internet without Java Script. The content is static, text, images, and links.

  2. Small pieces of code that run on the ethereum network. SC enables P2P networking and one can launch a FinTech startup without the intervention of a 3rd party like a bank.

  3. A programming language called Solidity is used to create a code and then deploys it to the network. The unstoppable programming enables everyone on the network to do business and see all Txs in the network - trustless technology.

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#616
  1. The internet before JavaScript: i.e. a static medium with text, sharable through links.
  2. Piece of code with fully transparent information on how a TX needs to be made from sender to receiver. It can always be verified. No need for trust. Much like a TX on the BTC blockchain. It can hold value untill a condition is met.
  3. It’s like a TX that gets added to the blockchain which is publicly available for anyone.
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#617
  1. What was Web 1.0? Web 1.0 did not contain any Javascript. Website were not dynamic and only contained images, links, and text.
  2. What is a smart contract? A smart contracts are small pieces of code that run on the Ethereum blockchain. They are written in Solidity ( soon to include Vyper ) and compiled into byte code in order for the EVM to run it. Smart contracts are unstoppable, transparent, and trust less.
  3. How is transparency achieved with ethereum code? All transactions on the blockchain can be verified. Smart contracts code can be seen by anyone, but can not be altered. Etherscan is a good source!
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#618
  1. 1.0 was the first stage of internet, basic links images txt, pre javascript
  2. smart contracts makes TXs on a blockchain dynamic and programmable.
    You can program a smart contract to execute your code that is verifiable and unchangeable (trusted)
  3. using a decentralized, open source platform with consensus between nodes.
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#619

  1. What was Web 1.0?
    it was static page that contained text image and links

  2. What is a smart contract?
    a smart contract allows you to program money/ assets to do what you want.

  3. How is transparency achieved with ethereum code?
    its trustless, so you know what the outcome of the code will be and is set to certain parameters.

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#620
  1. What was Web 1.0?

Static websites using html.

  1. What is a smart contract?

A smart contract is a small piece of code that lives on teh Ethereum blockchain that can program assets.

  1. How is transparency achieved with ethereum code?

By using blockchain technology specifically Proof of Work, encryption, and a network, blocks on the ethereum blockchain can be seen by all but are not able to be changed once there is consensus.

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#621

Thank you, my wording is different but I feel my result is the same. I will try not to generalize on future answers. :sunglasses:

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#622

  1. web 1.0 was internet without java script

  2. A smart contract is an immutable programmable transaction that can decide who and when to pay

  3. transparency is achieved by using a hash on a public ledger like bitcoin.

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