Homework on Ethereum Intro

Ethereum 101
#1427
  1. first version of websites, those were static web sites
  2. A programmable code deployed on a blockchain
  3. Anybody can read the smart contract and nobody can change that contract
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#1428
  1. What was Web 1.0?
  2. What is a smart contract?
  3. How is transparency achieved with ethereum code?

  1. Web 1.0 were websites that could only display text, images, and links. JavaScript later came in and revolutionized websites into Web 2.0 making websites dynamic and programmable.

  2. A smart contract in brief is a programmed contract that is built in the ethereum ecosystem or pieces of code. These pieces of code manage money and behave in a way that they are programmed.

  3. Transparency is achieved with ethereum code by using solidity and blockchain technology.

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#1429

1. What was Web 1.0?

Web1.0 was an internet with “read-only” function. It allows users to search for information and read the text and images on the website. To a certain extent, users can read links on the website too.

2. What is a smart contract?

It is a piece of code, in this case, that runs on Ethereum block chain, programmes certain conditions that financial transactions can be carried out. E.g if the child reaches 19 years old and she qualifies for university, a sum of money can be disbursed to her for pocket money and university school fees.

3. How is transparency achieved with ethereum code?

Financial transactions can be performed on the ethereum block chain using smart contracts without going through intermediaries.

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#1430

  1. Webb 1.0 was the first internet in where information, images can just be viewed on the internet. Days when we could not communicate with the internet.

  2. A smart contract in ethereum block chain is the use of programming to make transaction on the block chain. Once a program has been written and confirmed, it can not be reversed.

  3. The use of programming in ethereum brought transparency because everyone can see the smart contract and it can not be changed.

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#1431

  1. What was Web 1.0?
    Basic static web pages.

  2. What is a smart contract?
    Line of codes that can be run on ETHERIUM blockchain.

  3. How is transparency achieved with ethereum code?
    Every transaction and smart contract execution are stored in the ETHERIUM Blockchain.

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#1432

  1. Web 1.0 was the Internet early on with static content such as images, texts and links before javascript came along and made it a more dynamic place with video, chats and so on.

  2. A small piece of code written on the blockchain.

  3. Anyone can see Ethereum transactions and the smart contracts deployed on the blockchain. The code of the smart contracts decide what to do with the money you put into them so you don’t need to trust the parties you do business with.

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#1433
  1. Static Website
  2. Smart contract is a piece of software which runs on ethereum Blockchain
    3, Don’t Trust Verify. You don’t need to trust anyone, just trust the math and technology
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#1434

1. What was Web 1.0?
web 1.0 was the first rendition of the internet where u could only make static websites
2. What is a smart contract?
programmable code in the blockchain which will execute a function when certain variable is met
3. How is transparency achieved with ethereum code?
transparency is achieved cause the blockchain is public therefor anybody can look at it and see whats going on

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#1435
  1. Web 1.0 is the old internet consisting of very boring and basic websites.
  2. Smart contracts are small pieces of code written to the blockchain.
  3. Transparency is achieved by having all transactions on the blockchain public and open.
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#1436
  • What was Web 1.0?
    Internet before java script, very basic
  • What is a smart contract?
    A programmable contract
  • How is transparency achieved with ethereum code?
    It is open to everyone to see on the ethereum blockchain
#1437
  1. A static web without dynamic content.
  2. A way to make business with anybody because we don’t have to trust the people, the smart contract holds the money in a transparent way.
  3. Anybody can see what a smart contract is doing.
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#1438

(1) Web 1.0 consisted of static websites that contained very simple features such as text content, pictures/images and links. There was very little interaction. No chat rooms/instant messaging, no video, no rich text etc.
Web 2.0 consisted of dynamic code/scripting.

(2) A smart contract is code that contains a contractual agreement that will auto-execute an output when certain input criteria are satisfied. Ethereum is the blockchain/cryptocurrency platform that allows for smart contracts.

(3) The nature of cryptocurrency/blockchains like Bitcoin and Ethereum is that they are unalterable, no one can change the content of the blockchain. Also the blockchains are open and readable by anyone. Transparency is achieved with the ethereum code by putting smart contracts on the Ethereum blockchain. These contracts are unalterable once created and will autoexecute according to their terms. Many big corporations and governments will start to use the Ethereum cryptocurrency blockchain to write their laws, contracts, conduct voting etc.
There is a lot of government corruption in the world, such as front running and priority treatment for the family/friends of politicians.

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#1439

Web 1.0 was the first internet where webpages were static and consisted of text, images and links.

Normal nodes uses CPU directly. Smart contracts use EVM (ethereum virtual machine) on the Ethereum network and ensures that the smart contract is not trying to perform malicious activity. There is no need for a middle man.

Transparency is achieved because we can not change a smart contract. Anyone can always see everything on the blockchain. You don´t need to trust . Proof of stake and have confidence in the math is key.

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#1440

1.- Web 1.0, was before JavaScript. No dynamic websites existed
2.- Programs running on the Blockchain
3.- Anyone can check the code of the Smart Contract, no one can change it.

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#1441

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

What was Web 1.0?

Internet without the posibility ofinteractions only text

What is a smart contract?

A contract where You make specific rules. Which no1 can change or delete and when the rules comply the outcome becomes reality. For example~ When I turn 30 years old a transaction of my money goes to my account.

How is transparency achieved with ethereum code?

Same way as bitcoin blockchains. All transactions are on the chain. No trust involved only proof of work with mining

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#1442
  1. What was Web 1.0?
    Web 1.0 was express JavaScript programming. The websites were very basic and not user friendly to interact with.
  2. What is a smart contract?
    A smart contract is a piece of code that runs on the blockchain that is trust less in nature.
  3. How is transparency achieved with ethereum code?
    Anyone can see the code and transactions on ethereum so anyone can audit plateforms and the usage.
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#1443

Indeed sir, but what is a programmable contract? in general terms, what can you do with it?

If you have any more questions, please let us know so we can help you! :slight_smile:

Carlos Z.

#1444

!. Web 1.0 was the first internet where web pages were static. You could only read text, see images and use links but it wasn’t interactive.

  1. A smart contract is a piece of code that runs on the Ethereum blockchain. It executes itself when parts of the contract are satisfied/completed.

  2. Transparency is achieved because smart contracts are ingrained in the blockchain and blockchain transactions cannot be changed (immutability).

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#1445

  1. What was Web 1.0? The first incarnation of the internet. Static, non interactive pages.

  2. What is a smart contract? Small pieces of code on the blockchain.

  3. How is transparency achieved with ethereum code? All the code is visable to the public.

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#1446
  1. What was Web 1.0?
  2. What is a smart contract?
  3. How is transparency achieved with ethereum code?

A. First internet developed, without programing language java script, static just text, image links.
B. Smart Contracts are Smart pieces of code wich run into a Blockchain, with Solidity as programming language.

C. Etherum code achieved transparency due Smart Contrats wich are unstopable and allows to see all transactions, as to own and decided what to do for example with money transactions ,programming it, increasing transparency as and the same time nobody can change how Smart contracts works. Is impossible reversed it.

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