Homework on Ethereum Intro

  1. What was Web 1.0?
  • Web 1.0 is the first version of the internet. It was static and couldn’t contain any dynamic or programmable data
  1. What is a smart contract?
  • Is a computer protocol on the Ethereum Blockchain that runs a “if:then” system intended to digitally facilitate, verify, and or enforce a negotiation if a certain condition is met
  1. How is transparency achieved with Ethereum code?
  • On the Ethereum Blockchain you’re the one making the agreement. There’s no need to rely on a middle man (third party) to confirm. Furthermore documents are encrypted on a shared ledger. There’s no way someone can say they lost it. It’s immutable
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  1. What was Web 1.0?
    Just text, images… pre-Javascript. Bitcoin is like Web 1.0 and Ethereum is today’s version.
  2. What is a smart contract?
    A piece of programmable code that is immutable and unstoppable once deployed.
  3. How is transparency achieved with ethereum code?
    Everyone can see what a smart contract is doing. The code is open and transparent.
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  1. It is the first version of the interenet in its most basic form.

2)a programming computer protocal on the eth blockchain that executes a transaction as soon as the set conditions have been met.

  1. smart contracts are transparent
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  • What was Web 1.0?
    Web 1.0 refers to static websites capable only of text, images and links. Reading and sharing of info is the main use of web 1.0

  • What is a smart contract?
    Using Solidity, small pieces of code can be written on the blockchain which allows the programming of owning and timed transactions. ie. Programmable money.

  • How is transparency achieved with ethereum code?
    As all programmed transactions are visible on the blockchain and not changeable this enables full transparency of any given contract.

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  1. Web 1.0 was static non interactive pages just with texts, images and links

  2. SC is program running on blockchain to set rules on your fund behaviors

  3. Transparency on Ethereum is achieved by accessibility of the program coded by solidity. And the program doesn’t allow any one to change the past records

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  1. What was Web 1.0?

The first version of the web only consisting of static info and minimal interaction, styling and layout.

  1. What is a smart contract?

A small piece of code that lives on the blockchain. Basically ‘money’ with logic.

  1. How is transparency achieved with ethereum code?

It is using blockchain technology and public visible for anyone. For the same reason that Bitcoin adds transparency in money, Ethereum adds transparency in code: Don’t trust, verify

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  1. Static pages. Web pages only displayed info and where not interactive.
  2. A set of instructions in the solidity code that will execute a specific set of instructions when conditions are met. A way of programming ether output based on contract (coded) instructions.
  3. All blocks are locked and readable by anyone, both the input and output is readable to everyone. The instructions are coded into the smart contract and will execute according to the instruction without further action and cannot be modified ether.
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  1. Web 1.0 was a web page that was very scaled down. It did not have any user interface except to add data.

  2. A smart contract allows for things to be programmable within the transaction, such as payment after some criteria has been met.

  3. Transparency is achieved with ethereum code because the transactions cannot be changed, just like with bitcoin.

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1, it was text only. no video, streaming, social media etc.
2, programmes that can be deployed on the blockchain and used to perform and execute commands without the use of an intermediary. Trustless.
3, The code/transactions are available for all to view. It’s a trustless system that relies on math to provide verification.

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  1. Not programable, only text, image and links.

  2. A bit of code that’s deployed onto the blockchain.

  3. You don’t have to trust, but can verify everything. And everything is public, which makes it impossible to corrupt.

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static web
contract to do specific task on blockchain
through the smart contract code executed via solidity

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  1. In Web 1.0 we had only the options: text/images and links. We couldn’t create accounts or chatfunctions. This all came with Web 2.0 (javascript, programmable websites).

  2. A smart contracts can own money and decides by itself what to do with this money (based on the given rules when created the smart contract).

  3. Everybody can see what is in the smart contract. So what happens with money when reached a certain goal or so. Don’t trust, verify.

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  1. What was Web 1.0?
    First generation websites where you could only read and share information. Then web 2.0 can about because of Java script, which made websites dynamic and programable.

  2. What is a smart contract?
    They are small pieces of code that run on the Ethereum blockchain, the language is called Solidity.

  3. How is transparency achieved with ethereum code?
    Every transaction is on the blockchain and anyone can read them.

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Web 1.0 is the static version of the web that only would allow text photos and sharing of information.

A smart contract is a monetary program recorded and executed within the ethereum block-chain

Transparency is achieved through the ethereum code by making smart contracts immutable and verifiable by placing them on the public block-chain for anyone to see and by currently hashing them with pow making them a permanent part of the block-chain restricting it from being altered in anyway.

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  1. What was Web 1.0?

Just websites with text pictures and links basically. Just information that is as it is. Not interactive or changeable according to users.

  1. What is a smart contract?

A smart contract is a program that runs on the blockchain and is unremovable. It can own and decide what to do with money. No one can change the program after it’s set on the blockchain.

  1. How is transparency achieved with ethereum code?

Like with Bitcoins blockchain it’s public. Everyone can see what’s on the blockchain and verify for themselves.

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  1. What was Web 1.0?
    Static pages, not interactive, not specific to user.

  2. What is a smart contract?
    A programm running on the Ethereum blockchain.

  3. How is transparency achieved with ethereum code?
    SC cannot be changed, as they’re stored in the blockchain and the input and output can be seen by everyone.

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  1. Web.1 is the parrallel to BTC where we couldn’t interact with sites on web same with bitcoin a building block of money transactions without our input.
  2. Smart contract is a program in which we have the creativaty to write a code of orders or a system that decides what should be done with somekind of asset it can be money it can be waiting list or a voting system. I hope I got it right, Admin attention required :slight_smile:
  3. Than it goes on the blockchain and can’t be reversed. Now the code is transperant and everyone knows exactly what I had in mind regarding the kid’s grades…just kidding.
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  1. A static version of the web where you could only read and share text. No interaction or responsive sites.
  2. Contracts on blockchain 2.0 that are executed under predetermined conditions
  3. able to verify what the details of the smart contract
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Homework on Ethereum Intro - Answers

  1. Web 1.0 was static websites that only contained text, images, and links.

  2. A smart contract is small pieces of code that can run on Ethereum blockchain.

  3. Transparency is achieved with Ethereum code because everyone can see what is happening to that money and can not be changed.

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  1. WEB 1.0 was simple sites with text
  2. A smart contract is a programmable contract that is self-executed without a third party. It is executed on the set of rules that are programmed in it.
    3.It’s achieved by the smart contracts. They can be found and read on the blockchain.
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