Homework on Ethereum Intro

Ethereum 101
#1106

Excellent answers sir, well documented! Please keep them like that :muscle:

Carlos Z.

#1107
  1. Static websites built on text, images, and links.
  2. small pieces of a code that can hold money. SC allows us to program what to do with the money.
  3. smart contracts are visible to everyone. trustless txs without a middle man, based on math and physics.
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#1108
  1. What was Web 1.0
    It was basic internet with websites for text,Images and links
  2. What is a smart contract?
    It’s an immutable digital contract on the ethereum blockchain.
  3. How is transparency achieved with ethereum code?
    Because everything on the network is visible and can be verified.
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#1109

  1. Web 1.0 is the internet before java script . Static websites.

  2. A smart contract is a small piece of code that runs on the ETH blockchain that has a predetermined function . Programmable assets.

  3. Transparency is achieved because smart contracts are publicly displayed on the blockchain and are open source for anyone to see and verify . Cannot be altered.

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#1110
  1. the original version of the internet, limited functionality relative to web 2.0 where JS was introduced. web 2.0 was to web 1.0 (due to JS) what etherium is to bitcoin due to smart contracts
  2. a code which held and released coin based on the rules of the code. it acts as intermediary between two users, and removes the need to trust the other user since all it’s rules are transparent, visible, and unalterable.
  3. smart contracts.
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#1111

  1. the first web ther you could only share info

  2. a contract that gets activeted when a sertin cratira is meet

  3. every one can confirm the code

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#1112
  1. The first static websites, with the introduction of Java script more features and functionality was possible – this is also known as web 2.0
  2. It is computer code that establishs how and what must happen to the funds. It is programmable money with conditions attached.
  3. It is open source, therefore anyone can inspect the code base.
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#1113
  1. Only static information, pictures and links. No chats, no logins or different views for different users.
  2. It is a piece of code written to handle money.
  3. Anyone can read the smart contract and see what it does, therefore it is as transparent as it can be.
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#1114
  1. What was Web 1.0?
    On web 1.0 you could only add text, images and links.
  2. What is a smart contract?
    A smart contract is a script that you can program to send an amount of money to a certain user in case an event occurs that was agreed in the smart contract.
  3. How is transparency achieved with ethereum code?
    Transparency is achieved with the ethereum code by it not being reversible. Once a code was written and is embedded into a block on the blockchain that is not reversible anymore. The initiator cannot end it anymore and the rules that were set by it cannot be bypassed.
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#1115

  1. What was Web 1.0?
    Static Webpages and it is all about information (text, images, etc) and it is not dynamic like websites we have today

  2. What is a smart contract?
    its contract in the shape of code that can be deployed on the block-chain.

  3. How is transparency achieved with ethereum code?
    all the data is transparent and can be traces and anyone can read the smart contract and confidentiality can be achieved by encryption

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#1116

  1. What was Web 1.0?
    Web 1.0 was the simple and basic form of the internet. All a page could really show was text, images, and share some links. This was all static

  2. What is a smart contract?
    A smart contract is code that is running on the blockchain. This code can own and spend its value based on its coding. This coins are only sent when a set condition is met in the code.

  3. How is transparency achieved with ethereum code?
    Similar to bitcoin, the ethereum blockchain is open and completely accessible to anyone and everyone.

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#1117
  1. What was Web 1.0? Web 1.0 is described as a static experience, allowing for only text, images and links. 2. What is a smart contract? This is irreversible code written on the Ethereum Blockchain. 3. How is transparency achieved with ethereum code? By placing your coded Smart Contract on a decentralized open source blockchain, anyone can view or dispute it’s content.
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#1118

My Answers:

  1. Web before JavaScript
    2.Small pieces of code that run on the ETH Blockchain
  2. Removes Middleman and Trust-less
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#1119
  1. Web 1.0 is a static webpage wherein human activities are limited to reading and sharing information.
  2. A smart contract is a code that basically strictly does whatever the coder states it to do.
  3. Transparency can be achieved with the ethereum code because everyone can see the contracts that individuals do.
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#1120

What was Web 1.0?
It was the first iteration of websites. Everything was static, no accounts no chats, no live information updates. You could only read and share information as text and images.

What is a smart contract?
Small pieces of code that runs on blockchain networks that supports this. It is unstoppable and transparent. The contracts can hold and decide what to do with money. I.e. programmable money. No need to for 3rd parties and banking connections

How is transparency achieved with ethereum code?
Similar to the way that the bitcoin blockchain links every block to the previous block, there is no way to change the behavior of a smart contract after it is deployed.
Removes the middlemen and do everything in a trust-less way.

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#1121

Web 1.0 was the most basic form of internet web. It was a static page including only Text, images and links. After Java Script was introduced, a new Web 2.0 became more dynamic allowing for video, chat and multiple accounts etc.

A smart contract is a programmable piece of code written in “Solidity” that can hold money on the blockchain. The code is used to utilize financial applications

All transactions made on the ethereum blockchain can be viewed on etherscan.io and like the bitcoin blockchain, cannot be either changed or deleted as they use a Proof of Work consensus algorithm. This creates a completely trustless system as data can be verified therefore you don’t need to know or trust the person you are transacting with.

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#1122

Hello,
Web 1,0 was just a static web pages, text, pictures, hyperlinks.
A Smart constract is an Blockchain algorythm, or program.
Transparency is achieved by anyone is able to look into the smart contract. SC is publicly visible, and controllable.

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#1123

Homework on Ethereum Intro - Questions. (Questions were updated on Dec 3 2019 )

1. What was Web 1.0?
This was the old internet websites. Here you could only see some images and links. It was static and not dynamic. This was the internet before javascript

2. What is a smart contract?
A smart contract is a piece of code written on the blockchain that manages money automatically the way it was written without the need of third parties.

3. How is transparency achieved with ethereum code?
Everbody can see what is written in the code. The code is added to the blockchain where everyone can see it.

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#1124

Web 1.0 was the first version, it was not dynamic. Consisted of texts and links.
Smart contract is programmable assets and money.
The code is available for anyone to see. So you only have to trust the script is correct.Trustless.

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#1125

QNS 1. What was Web 1.0?
Web 1.0 consisted only of static images and text with the ability to share links.

QNS 2. What is a smart contract?
A smart contract is a programmable assets which only released the intentives when certain conditions are met.

QNS 3. How is transparency achieved with ethereum code?
Transparency is achieved with ethereum code by removing trust through enabling everyone to see what is written in the code. It will be visible by everyone in the blockchain.

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