Homework on Ethereum Intro

-Bitcoin uses UTXO’s and ETH uses balances.
ETH was the first to implement Smart contracts. Bitcoin and Ethereum both have POW, Bitcoin is SHA-256, while Ethereum uses ethash.
ETH will be using POS soon.

-Smart contracts are run on EVM’s (Ethereum virtual machine’s). These Evm’s are decentralised to the miners who execute the smart contracts.

-It has an uptime of 24/7/365 & more secure as there will be no single point of attack.

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  1. Web 1.0 is the old static web before javascript was invented. You could only share information and images and that’s about it.

  2. Smart contracts are programmable money. Allows you to write small bits of code that controls the flow of money given some conditions.

  3. Transparency is achieved since everything is on a public blockchain it can be proven and shown that transaction happened. the smart contract code can be seen and this prevents meddling or the need to trust the other person doing business.

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  1. Web 1.0 consisted of static websites. They were pages consisting of text and maybe images and links.

  2. A smart contract is a software programmed by a small amount of code that sits on the Ethereum blockchain. They are useful to programme small tasks, involving the storing and allocating of money based on a condition.

  3. Ethereum is essentially blockchain 2.0 and allows for increased transparency on the blockchain. This was achieved by making the code behind smart contracts visible to everyone, reducing the need for trust, as people can alternatively verify themselves if the smart contract is running correctly. Re-enforcing the dont trust, verify motto.

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Great Answers sir, keep it like that please! :slight_smile:

Carlos Z.

1-it was the first version of the internet web where you could not interact and chat

2- Smarts contracts are pieces of code the run on the ethereum blockchain

3- because the codes are transparent and everybody can see what is happening and nobody can change how the smart contract behave .

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1. What was Web 1.0?
Web 1.0 consisted of static websites with text, image, and links - not the programmable dynamic websites that we have today thanks to Javascript.

2. What is a smart contract?
A smart contract is a small piece of self-executing code that can take ownership of money and control it, releasing it only when specific conditions outlined in the code have been met.

3. How is transparency achieved with ethereum code? The txs are visible to all, and anyone who learns Solidity can program and deploy a smart contract on the network.

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  1. Web 1.0 was static websites with with text, images, and links.
  2. Smart contracts are small pieces of immutable code run on a blockchain that execute certain actions (typically financial) when programed conditions are met.
  3. Ethereum code is open source and decentralized.
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  1. Web 1.0 is the internet that showed only text, image and links before Javascript.

  2. Smart contracts are small peices of code that run on the ethereum blockchain.

  3. You can see who is sending and receiving money. You can program the smart contract how to transact and what to do. You cannot reverse the transaction. You remove the middleman so we trust the math and technology

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  1. What was Web 1.0?
    Web 1.0 based on a programming language which created static web pages.
  2. What is a smart contract?
    A smart contract is a transaction protocol which is executiong automatically. It is similar to a contract but no trust is needes because a smart contract is entered on the Blockchain and never deleted and altered. The blockchain is transparent.
  3. How is transparency achieved with ethereeum?
    The blockchain is truly transparent, then everybody has exactly the same information. Blockchain is neutral.

2Web 1.0 was a static language system which

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  1. What was Web 1.0?
    We call Web 1.0 the static websites that show only images, text and links.

  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?
    the transparency is achieved by deploying smart contract on the ethereum blockchain, which is public and anybody can see what happens to the money.

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  1. What was Web 1.0?
  2. What is a smart contract?
  3. How is transparency achieved with ethereum code?
  1. Web 1.0 was the first generation of the Internet emerged back in 1990’s which you can only do simple things such as sending texts, links, and creating static website.
  2. Smart contract is computer protocol that is intended to automatically execute transactions, manage all sorts of documents in such ways agreed in the contract by related parties. The transaction is transparent, trustless, unstoppable.
  3. Everything written in a smart contract is deployed onto blockchain and anyone can see it as ethereum network is public blockchain.
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  • What was Web 1.0?
    web 1.0 was purely used for text to share info
  • What is a smart contract?
    a smart contract is being able to program money
  • How is transparency achieved with ethereum code?
    everything is on the blockchain and the contract executes its self when the requirements are met
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1 Web 1.0 was the first generation internet which had only text and pictures, no user interaction or chat functions for instance.

2 A smart contract is a trustless financial contract (programmable money) not relying on a central negotiator (person or company). Instead a smart contract relies on technology and coding to decide what will happen to its contents.

3 Transparency is achieved with ethereum because all solidity programs are open-source, meaning the code is available for anyone to see. Also each contract is on the public blockchain.

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  1. Web 1.0 is the beginning of the internet. The first face of internet where people could exchange texts, images and links.
  2. Smart contract: small pieces of codes built in the Ethereum block chain. Their are built in a computer language called Solidity.
  3. Transparency in Ethereum: Any one could see the transactions made on a Ethereum block chain. They are unstoppable, can not be modified. Smart contracts can own and decide what to do with money. Not need of a third party in order to proceed. In fact, smart contracts are application of finance that can not be changed by anybody.
    “DON’T TRUST…VERIFY”
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  1. First generation of Internet, it was consisted in static websites with images, text and links.

  2. Piece of code written on a blockchain that holds and manipulates money

  3. Everyone can check the smart contract’s code and the transactions on the blockchain

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  1. What was Web 1.0? The first stage of the World Wide Web. 4 design essentials.
  • Static pages.
  • Content is served from the server’s file-system.
  • Pages built using Server Side Includes or Common Gateway Interface (CGI).
  • Frames and Tables used to position and align the elements on a page.
  1. What is a smart contract? A smart contract is unstoppable transaction, its transparent and executes only when the conditions are met that the owner set.

  2. How is transparency achieved with ethereum code? both ends of the contract are transparent.

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  1. What was Web 1.0?
    Web 1.0 was the very first version of the internet experience. There was only static HTML web pages.

  2. What is a smart contract?
    A smart contract is a software application that runs on the blockchain that will handle the movement of cryptocurreny through a pre-programmed set of rules.

  3. How is transparency achieved with ethereum code?
    Transparency is achieved because the code behind the smart contract can be read by anyone.

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  1. What was Web 1.0?

WEB 1.0 was the first release of internet where we can’t develope layers

  1. What is a smart contract?
    A smart contract is a number of codes put together that make possible the execution of the smart contract

  2. How is transparency achieved with ethereum code?
    Ethereum code is open for everyone to verify

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1-Static links, info and pictures
2 -A smart contract is a set of instructions that can becompiled in ByteCode and run on the EVM
3- All the data and source-code is visible and stored on the blockhain

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  1. It is the basic web, pictures, text etc
  2. A simple program
  3. All transactions are viewable via etherscan on the blockchain