Homework on Ethereum Intro

Ethereum 101
#763

  1. Web 1.0 is the internet in which there were only static websites with static text and images. No dynamic and interactive websites were possible without Javascript

  2. A smart contract is a set of rules on which money is being transferred. It actually owns money and distributes it based on a programmed algorithm. One possible use case: Insurance. Once s.o dies the smart contract pays money to the relatives.
    The question I have at this point in the academy is how the smart contract knows that someone is dead. How does it know who my relatives are? What their wallet details are? What if you get divorced and want s.b. else to receive the funds? According to my current understanding all issues probably solvable, but the last one.

  3. Smart contracts follow the code which is public and immutable, since it is embedded in the blockchain.

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#764
  1. Ethereum uses GPU friendly mining algo and is switching to POS.
  2. Smart contracts run on EVM
  3. The security and integrity of the code is higher due to all parties being able to verify it ran correctly.
#765
  1. The basic first version of the internet which was largely text based.
    2.A contract that follows a set of rules so that something happens only if certain pre-conditions occur first.
  2. Everyone involved in the chain can see all the transactions.
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#766
  1. Web 1.0 was the first version of the internet. It was static not dynamic. Pre javascript.
  2. a smart contracts are small pieces of code on the Ethereum network.
  3. Transparency is achieved with ethereum code because everyone can read it on the platform. Once a smart contract is created, it can’t be undone.
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#767
  1. It allowed for text communication only. They were static websites built on text, images, and links.
  2. A binding self-executing contract.
  3. The code is open and transparent.
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#768

  1. HTML only. Text, images and links

  2. A binding contract programmed on the blockchain. Rules ar programmed in to the smart contract and executes when conditions are met.

  3. Everyone can read the blockchain and verify.

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#769
  1. Web 1.0 was websites that only consisted of text. images and links
  2. It’s the program you run on the blockchain, totally programmable to your needs
  3. Transparency is achieved on the blockchain just like bitcoin. The difference is that Ethereum uses smart contracts which is programmable - instead of only tx’s.
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#770

  1. It is the very first websites which where mostly Static And shown Text, some images and links. You could only read and share information with it.

  2. Small pieces of code that run on the ETH Blockchain. The programming language is called solidity. It cannot be shut down, you can see what is happening with the contract Txs, I.e you can see who is sending or receiving money. You can program a smart contract to pay some one when they achieve something or do something and you then remove that trust of being able to change it because you can’t …

  3. You can do business without any 3rd parties. It’s transparent for everyone to see. Which it means can’t be meddled with.

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#771

  1. A static website where you could only read text or see An image or a link

  2. Smart contract will release a rewards of some kind if criteriums are met. If not nothing will happen .

  3. Everyone is able to see how the smart contracts are build up . You don’t have to trust --> verify

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#772

  1. What was Web 1.0?
    This was the first iteration of the internet. Basic in its offering with access to text, pics, links etc…

  2. What is a smart contract?
    A smart contract is a piece of code that runs on the Ethereum blockchain

  3. How is transparency achieved with ethereum code?
    Its a trust less environment. using the blockchain nothing can be reversed or changed.

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#773
  1. A static version of displaying websites, before Java script.
  2. A transaction with an agreement of actions based on specified conditions
  3. The transaction is readable and not changeable without any needed middlemen.
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#774

1. What was Web 1.0?

First version of the internet, static ~ text/ image/ link

2. What is a smart contract?

A small piece of code that runs on a blockchain / network, programmed by solidity, can hold currency and program currency / assets to meet conditions based upon language / programming of SC

3. How is transparency achieved with ethereum code?

Can see how SC’s are written / programmed, removes trust, trust the math, the programming

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#775
  1. What was Web 1.0? - was the first generation of websites, before java script was introduce that were static. They contained only text,links,images and had no chat or social media capability.
  2. What is a smart contract? Smart Contracts are small pieces of code that run on the etherum blockchain. Smart contracts create programmable money that allows you to own and decide what to do with the money in a given time frame without the need of of a third party like an escrow service. It is transparent ad trust-less.
  3. How is transparency achieved with ethereum code? The same way no one can go back and change a bitcoin transaction, no one can change how a smart contract functions and all the data is visible to all parties on the blockchain, which stops corruption.
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#776

  1. What was Web 1.0?
    Basically it was a simply static web that had Tx, images and links. No dynamic data was present, it wasnt programmable .

  2. What is a smart contract?
    Is a programmable code that is in the Blockchain 2.0. That smart contract can have any thing programmable, send money, stores money as funds. It’s a programmable money.

  3. How is transparency achieved with ethereum code?
    The Ethereum code is public, as it resides in the blockchain, anyone can have access to it.

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#777

  1. Web 1.0 was static websites, only for information, no interaction.

  2. Smart contract is small pieces of code that runs on the ethereum blockchain.

  3. It is completely transparent , anyone can see who is sending money and who is receiving it.

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#778

1. What was Web 1.0?
The initial version of the web before Java Script

2. What is a smart contract?
Small piece of code which can program money, assets.

3. How is transparency achieved with ethereum code?
Smart contract are deployed on the blockchain, therefore immutable.

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#779

  1. What was Web 1.0?
    The initial version of the web before Java Script

  2. What is a smart contract?
    Solidity based programs, that are transparent and can hold money with contracts.

  3. How is transparency achieved with ethereum code?
    Public blockchain

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#780
  1. What was Web 1.0?
    It was the internet known as the web. Websites could only display text, images and links.
  2. What is a smart contract?
    A smart contract is programmable assets that is based on the programming language solidity.
  3. How is transparency achieved with ethereum code?
    It is on ethereum’s public blockchain, which means everyone can see it.
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#781
  1. it is the first version of the internet before java script
  2. a code or rule implemented into a blockchain that cannot be changed
  3. open source peer to peer network where all nodes have all data of the blockchain
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#782
  1. Simple Static Websites. Before Javascript.
  2. A smart contract is a contract written with Solidity and deployed on the Ethereum Network. It is unstoppable and transparent. It can own and decide what to do with money. It’s programmable money.
  3. Everything is recorded on the Blockchain
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