Homework on Ethereum Intro

  1. Web 1.0 was primitive internet before java script. On web 1.0 you can only make basic websites that allowed you to put text images and links to share data.
  2. A smart contract is programmable and decentralized money or assets. This is achieved on the blockchain without the use of intermidiaries/3rd parties.
  3. Transparency is achieved with ethereum because these smart contracts are created using solidity which is a programmable code. These codes can be deployed on the ethereum network. It is decentralized and anyone can verify the contracts on the blockchain.
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  1. Static websites
  2. A smart contract is a small program on each node of a blockchain that can handle transactions without third parties.
  3. Everyone can see the transactions.
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  1. Web 1.0 is an old internet static version in which you can basically see text, images, and links.

  2. Smart Contract is a script that holds money and can give it back only or when it’s programmed.

  3. So the transparency with the eth code achieved thanks to the hashing function of the blockchain tech. You can’t make any changes to already processed data otherwise the nodes(community) won’t accept it.

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  1. POW differens to start with. Eth does not look at YTXOs but updates the accounts balances directly. The block sizes is different as well, along with the average block times.

2.The smart contracts uses EVM, this ensures that the contract is not trying to perform any malicious activity. Noded keeps track of the smart contracts and their current state.

  1. Security, it’s a lot harder to hack a network of computers
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  1. What was Web 1.0?
    a static version of the internet; only enabling static text, images and links. There was minimal, no direct interaction between users as you have nowadays with chat, social media etc.
  2. What is a smart contract?
    A smart contract is programmable information (money in most cases); in essence a small piece of code with function it executes once certain condition(s) are met. Also the smart contract operates on its own on the blockchain.
  3. How is transparency achieved with ethereum code?
  • Smart contract is autonomous, has no authority, self governing piece of code
  • Publicly available for everyone to view but for no one to alter (no modifications, a view only feature)
  1. Static website consisting of text, images and links
  2. Is a program to be on the blockchain, read by EVM.
    3.having a code publicly available on blockchain to review by anyone

1.) Web 1.0 was a static web design that could only process simple things like text, images and links.

2.) A smart contract is a small piece of code that can program/hold money/assets to reach a certain goal.

3.) Transparancy is achieved through pow-blockchain technology

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  1. Web 1.0 was used only to display information ( text,images and links).

  2. A Smart contract is a piece of written code that essentially decides what to do with money. Once deployed in the network, can’t be changed.

  3. Transparency is achieved because is based on a descentralized block chain and anyone can consult the smart contracts whereas The motto is ā€œDon’t trust in a person, trust in codeā€.

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  1. Web 1.0 was the first generation of Internet and website where the features were limited to show info, photo and link some other internet page with limited interaction and customization
  2. A smart contract is a piece of code on the blockchain that allow two people to interact in many different ways (economically) without a third party. The smart contract will do a defined action only when something in the code will be triggered (programmed contract)
  3. Everything will be visible on the blockchain and we can see in each smart contract what’s written without trusting anyone except math.
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1 web 1 was the bare bones of static blk chain i.e txt image links
2 smart contracts can hold money and delve it out they are autonomous once they are put into place unless backups are added to it i.e. i will sell my house for such and such a price on a date at a time -the money is sent etc it is done but what if i want to back out because ? i add that stipulation to the contract i.e. the buyer did not get a mortgage so the does not have the money to buy it
3 transparency is achieved through publicly publishing all information so everybody can see the information and updated by the minute or last change in status …the actual names are confidential i.e. the guy who bought 2 pizzas for 10000 btc we know someone did it but not who

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  1. Web 1.0 is basically the internet before Javascript. The pages were static, no user accounts and minimal programming.

  2. A smart contract is a piece of code that runs on the Ethereum blockchain that dictates when and where funds are released based on programmed parameters. An Example is releasing funds to your child based on their grades in school. The acceptable grades would be programmed into the smart contract.

  3. Transparency is achieved by publishing the details of the smart contract to the block chain. Anybody can view this at any time and verify that a smart contract executed properly.

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  1. What was Web 1.0?
    Web 1.0 refers to the earliest version of websites where javascript was yet available to browsers. The early websites were static and could only show text, images and provide links. These websites were mostly read-only with no user interaction.
  2. What is a smart contract?
    A smart contract is code that runs on the ethereum blockchain that is predominantly written using Solidity. The smart contracts are completely unstoppable, transparent, and execute without the need for a third-party intermediary (middleman).
  3. How is transparency achieved with ethereum code?
    Transparency is achieved with ethereum code (smart contracts) as the code is immutable once it has been included on the blockchain, and transactions and participants involved with the smart contract execution are verifiable.
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Web 1.0 was the beginning of the internet where messages was sent using static images sent from one computer to anther computer.

Web 1.0 was the initial stage of communication between computers. Information was sent back and forth as a static image.

A smart contracts are pieces of information or codes to satisfy a condition which are imbeded in the blockchain. This smart contracts was pioneered by Ethereum using it’s own program language called solidity.

Transparency is achieved with the Ethereum code in that every transaction is irreverisible.and all information in the ethereum blockchain can be viewed by anyone but it can never be edited.

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  1. just URLs, some pics and text (remember that…), but one could not interact. After programming got advanced by Java, better HTML asf. Internat 2.0 makes active interaction possible, with for example FB, Youtube and all kind of accounts, Online-Sales, E-Commerce… whatever
  2. a small code running on the ETH-BC, allowing now to be one“s on bank with unstoppable TXs
  3. once out on the BC it cannot be reversed or changed, and its public. In case Governments are really interested in stopping corruption this is a way to do it. (guess most Gvts are NOT really interested in doing so, because they are the ones who directly benefit from an opaque system…)
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  1. Web 101 was a static internet program that could only utilize text images, read and share information

  2. Smart contracts are small pieces of code that run on ETH blockchain using the program language solidity.

  3. Transparency is achieved because ETH blockchain is an open source public ledger where everyone who wants to can read the code and see in real time who is sending and receiving.

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  1. What was Web 1.0?

    • It was the first phase of the internet where static websites reigned supreme.
  2. What is a smart contract?

    • It is a programmable transaction that you can run custom code on by creating a dapp.
  3. How is transparency achieved with ethereum code?

    • Once a transaction is launched anyone can view it and it is not malleable.
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  1. Web 1.0 was the time before javascript where website could only display information.

  2. A smart contract is a code written in a blockchain that is unstoppable and can be trusted to perform what written in the code.

  3. Transparency is achieved because the code is open to be reviewed by anyone on the blockchain, anyone can see who sends and receives money from the contract, and the contract cannot be altered.

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  1. What was Web 1.0?
    Static HTML bases pages without JavaScript.
  2. What is a smart contract?
    A smart contract is a script running on the blockchain. It makes programmable money possible. A transaction on the blockchain depend on smart contract program execution. A TX is now more flexible and can depend on the outside factors or events.
  3. How is transparency achieved with ethereum code?
    Through the immutability of a blockchain the rules of a smart contract can not be changed. For a public blockchain like ethereum everyone can see and verify the the content of a smart contract.
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  1. What was Web 1.0?
    The original static Internet before Java Script.

  2. What is a smart contract?
    A piece of code that runs on the Ethereum network that can hold money and decide what to do with it without middle men or trusting others.

  3. How is transparency achieved with ethereum code?
    Anybody can see the code. They do not have to trust each other they just need to trust the code. If all the conditions of the Smart Contract are met the money is paid and if they are not it isn’t.

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