Homework on Ethereum Intro

Ethereum 101
#1286

Web 1.0 is a form of the internet where websites and data were disseminated in a static manner due to technological restrictions. Effectively, we can see this as the internet pre-Javascript.

A smart contract is a programmable, conditional contract that automatically transfers money based on the conditions which have been coded into the contract. It can also fulfill the roles of an escrow service, by holding money in the contract until it gets resolved, if needed.

Transparency is achieved with Ethereum because the blockchain decentralizes the information contained by the network, which is then protected by consensus, and is finally executed by the contract, whose conditions do not change once the contract is created. This means that entities bound by a smart contract are held responsible to the terms of the contract. Lastly, all smart contracts and other transactions are publicly available on the Blockchain, so transactions and contracts are traceable.

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#1287
  • web 1.0 was pre-java script where web pages were static and had text and perhaps photos
  • a smart contract is a program written in solidarity language deployed on ethereum platform. a smart contract can own assets/money and can decide what to do with the assests/money
  • you can see who is sending money and who is receiving money in the smart contract
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#1288
  1. Web 1.0 was static websites.
  2. A smart contract is software on a blockchain. Fully transparent and not reversible.
  3. Ethereum is transparent in a way, which allows any individual to view the activity of transactions on the Ethereum blockchain.
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#1289

  1. Web 1.0 was how the internet was before JavaScript. It was only static websites with text, images and links. Websites were only used to read and share information.

  2. A smart contract is a small piece of code which is made with solidity that can be deployed on the ethereum blockchain. They allow people to program money and set conditions for money transfers. They are unstoppable and fully transparent.

  3. Transparency is achieved with ethereum code since it is all public. Anyone can see the code of a smart contract and see how exactly it works.

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#1290
  1. What was Web 1.0?

Answer:

Web 1.0 was from the beginning a static website which meant it could only show

Text, Images, and Links.

  1. What is a smart contract?

Answer:

Smart Contracts are small pieces of code that run on the Ethereum blockchain. By using a programming language called Solidity we can program a smart contract and deploy it on the Ethereum Network.

  1. How is transparency achieved with Ethereum code?

Answer:

Just like Bitcoin network, anybody can see everything in the blockchain which cannot be changed, altered, or censored.
Do not trust, verify!

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#1291

What was Web 1.0?
Web 1.0 was in the beginning of the internet revolution where internet mainly was about sharing information through static websites. The static sites was only for viewing and sharing information and not be able to be dynamic with interactivity possibilities we are used to in today.

What is a smart contract?
A smart contract is a piece of code that has been coded on the blockchain which will live on indefinitely as long as at least one network actor still store the Ethereum blockchain in the future.

How is transparency achieved with ethereum code?
When you put the code on the blockchain which is public for anyone to just download and read the code that’s in there to verify what it is doing. This is a lot different from normal system usage when the source code is hidden from the public. I think “real” transparency is also a vital concept and valid in case of blockchain technologies when one can look through the blockchain history and say with complete certainty that this is the truth and the whole truth. Transparency is only good if its not manipulated from someone with other motives than everyone else. The blockchain shows the whole truth without modification from it’s origin up until the current moment.

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#1292

1.What was Web 1.0?

Web 1.0 is a static web page .one can post text images.
but are not updated in real time.

2.What is a smart contract?
its a self executive programme on occurrence /confirmation of event written on blockchain .

3.How is transparency achieved with ethereum code?
the transparency is achieved by the consensus in the ethereum code.

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#1293

  1. Web 1.0 are static webpages with text, images and links.

  2. A smart contract is a programmed money which is immutable.

  3. Transparency is achieved by that every thing is visible and everyone can verify the code.

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#1294

1 - First version of internet. That consists basic in: Text, image, static, link.

2 - Small pieces of code that run in ETH blockchain

3 - You can check it when you want. You dont have to trust in anyone. The security is higher.

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#1295

  1. Script - images and text

  2. A contract that is written in code with the terms agreed by each party and self executes.

  3. Everything is operated from the code - the rules are created at the beginning and are executed by the code of the contract not by human random choices

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#1296
  1. What was Web 1.0?
    a basic static web without chat and other plugins
  2. What is a smart contract?
    you can program things into contract and then it works way you programmed
  3. How is transparency achieved with Ethereum code?
    because transactions are on public chain a anyone can check and verify
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#1297
  1. The first iteration of the internet before Java.
  2. A smart contract is a contract committed to the blockchain and executed by the blockchain.
  3. The immutability of a public blockchain allows anyone to access it but no one can change it without submitting a legitimate transaction.
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#1298

  1. What was Web 1.0? That was the early incarnation of the internet, where it was a static website that could only provide text, pictures and links.

  2. What is a smart contract? It is a program that sets the terms of an agreement between two or more parties and transfers money when specific conditions are met. The code set in the smart contract lives on the Ethereum network and is transparent.

  3. How is transparency achieved with Ethereum code? It is achieved from the fact that Ethereum is built on the blockchain which is fully transparent and decentralized.

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#1299
  1. What was Web 1.0?
    web 1.0 was just static text image and link
  2. What is a smart contract?
    solidity with unstoppable transactions with transparency and a trustless technology
  3. How is transparency achieved with ethereum code?
    by the full node saves the copy of the blockchain which needs to be sychronized with the whole network
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#1300
  1. What was Web 1.0?
    Web 1.0 allowed you to send text and small images.
  2. What is a smart contract?
    A smart contract is a contract built within the transaction that is executable upon delivery of the agreement.
  3. How is transparency achieved with ethereum code?
    Transparency is achieved by being able to see all transactions.
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#1301
  1. Web 1.0 was the first “version” of websites which was static and very limited.
  2. A smart contract is a piece of code which is executed on the blockchain.
  3. Everything on ethereums blockchain is public, so anyone can verify the code.
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#1302
  1. Web 1.0 was static, websites consisted of text and images, there were no dynamics or interaction.
  2. Smart contract is a contract programed on etherium blockchain network using programs language- solidity. It is smart because it can be programed to decide what to do with the money in certain situation. It is unstopable and it can not be changed to do other things then the ones that it is programed to execute. When smart contract is deployed on a blockchain there is no way to reverse it.
  3. Transparency is achieved by visible source code and it can be easily verified, there is no need to have trust in some person or company.
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#1303

  1. Static websites with only texts, links and images.

  2. A contract programed on Etherium blockchain network that can decide what to do with money.

  3. Ethereum is built on the blockchain which is fully transparent and decentralized. ‘’‘You dont have to trust in anyone, you can verify."’

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#1304

1)It is a static website which can only show text, images, and link.
2)A smart contract is a program that can be programmed to activate some code when something happens.
3)There is no need for a middle man. It is a trustless program as you will just need to trust the internet and the codes are exposed to the world. Anyone will be able to view the code.

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#1305

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

  1. What was Web 1.0?

Answer: Static websites, text, images, links

  1. What is a smart contract?

Answer: It is an immutable blockchain

  1. How is transparency achieved with ethereum code?

Answer: Publicly available code with a consensus algorithm.

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