Homework on Ethereum Intro

Ethereum 101
#1547

  1. It was the web of static websites which could only display text and pictures.

  2. Smart contract is a piece of code that runs on ethereum blockchain.

  3. Transparency on ethereum blockchain is achieved through proof-of-work. Once the data is put on the blockchain it becomes immutable and can be verified at any time.

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#1548

1)Web 1.0. Is the early web that is static and contains only text images and links
2)Smart Contract is small pieces of code that can be added to the blockchain that define the conditions of the transaction.
3)Transparency is achieved by having a public network where all information is viewable

#1549
  1. What was Web 1.0?
    -This was the original version of the Web where you could only deploy static web pages with text, images and links.
  2. What is a smart contract?
    -A smart contract is a piece of code that defines how the contract will operate. Once the smart contract has been deployed onto the blockchain, it cannot be changed.
  3. How is transparency achieved with ethereum code?
    -All smart contracts deployed on the blockchain are open to be reviewed and verified by anyone. In the same way that all transactions are recorded in the Bitcoin blockchain, all smart contracts are recorded in the Ethereum blockchain. Once recorded, they become part of the permanent blockchain ledger.
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#1550

Excellent answers, It’s easy to understand. Please keep them like that :muscle:

Carlos Z.

#1551
  1. What was Web 1.0?
    Web 1.0 consisted of static web sites,no social media.
  2. What is a smart contract?
    It is a computer program or transaction protocol which is meant to automatically execute control or document legally relevant events.
  3. How is transparency achieved with ethereum code?
    The data is transparent and can be seen by anybody. Confidentially can be achieved by encryption.
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#1552
  1. What was Web 1.0?
    the simplest web pages you only see text, and images. You cannot interact with web 1.0 for example no chat
  2. What is a smart contract?
    Is a piece of software running in ethereum
  3. How is transparency achieved with ethereum code?
    Anyone can see the code. Is very easy for example for a government verify smart contracts on Ethereum therefore much less corruption.
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#1553

1: Static websites, you can only read and share information.

2: You use solidity to make a program that operate on the Eth blockchain and this program cant be changed after it is deployed and can make predetermined transactions without a middleman.

3: Once deployed on the blockchain it becomes public for every one to check.

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#1554
  1. Web 1.0 (static websites) only allowed text, images and links.
  2. smart contract’s are written in solidity, it is unstoppable, transparent, and it can own or transfer money.
  3. it’s programmable money with no middle man, it shows who sent and received the money. It can be verified on the blockchain. It’s a trustless system. It can’t be changed or undone once deployed.
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#1555
  1. Web 1.0 was the first stage of the World Wide Web which was only able to show text, images and links, only for reading and sharing information.
  2. A Smart Contract is small pieces of code that run on Ethereum blockchain.
    3.transparency with Ethereum is achieved by using the program language Solidity and deploying on the a Ethereum network allowing you to see who receives and sends.
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#1556

  1. What was Web 1.0?
    Web 1.0 consisted of static web content with links to other Web pages.

  2. What is a smart contract?
    A smart contract is a trustless way to handle money based on a verifiable algorithm.

  3. How is transparency achieved with ethereum code?
    The code stored on ethereum is readable by anyone.

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#1557
  1. What was Web 1.0?

Basic static websites with limited functions like text, image, and links

  1. What is a smart contract?

A smart contract is a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code

  1. How is transparency achieved with ethereum code?

Through the lines of code written in the smart contract can be read by anyone

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#1558

  1. Internet pre JavaScript.

  2. It is a small piece of code created using Ethereum’s programming language; Solidity.

  3. All Smart Contracts like BTC transactions are immutable.

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#1559

  1. What was Web 1.0?
    Web 1.0 was an early version of the Internet before JavaScript which only had very limited functions and interactions where users were only able to view the same static information (text/image/links) on the web without having the ability to see customized information for each specific user.

  2. What is a smart contract?
    A smart contract is a fully transparent programmable blockchain contract that is completely trust-less. It allows for certain actions programmed in the blockchain to be executed automatically if a specified condition/s has been met.

  3. How is transparency achieved with Ethereum code?
    It is achieved by having everything in the blockchain to be completely transparent, allowing everyone to read and verify the code. It no longer requires one to trust another person (i.e. a lawyer or a third party) that they are doing everything in your best interest.

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#1560

  1. Web 1.0 is the first version internet which is basically static internet, it only shows the text, images, links and aren’t as dynamic as our internet we use now

  2. Smart contract is a piece of code in ethereum blockchain to decide the behavior of the blockchain or how it works if given an input.

  3. It’s achieved through proof of work. Ethereum is also a mined tokens, meaning miners compete with each other to solve puzzles and earn block rewards. The block has a hash which through hash function, connected with the previous and next block. After a new block is rewarded, the miner will propagate the news to other nodes and each node will eventually have the same copy of blockchain.

Everyone can see what is happening, what’s the data previous and currently. If anyone tries to change it and make it nonsense, the nodes will not disregard the nonsense and are certain that it is a wrong one, so they will continue with only the right one. It truly increases the transparency of the blockchain

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#1561

  1. Static web sites(text, image, link)

  2. Dynamic and programmable money

  3. Removing middlemen (trustless code)

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#1562

  1. What was Web 1.0?
    Web 1.0 is basically the first version of the internet that is static and only allows you to send text, image, link.

  2. What is a smart contract?
    Is a small code that used Solidity to program on the ethereum network.

  3. How is transparency achieved with ethereum code?
    It is achieved by creating a trustless contract that cannot modify or reverse it when creating a smart contract.

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#1563

  1. What was Web 1.0?
    Web 1.0 was the internet in it’s early or first stage. It was plain and stagnant and didn’t allow for any significant user interaction.

  2. What is a smart contract?
    A smart contract is a contract written in code to carry out a specific task

  3. How is transparency achieved with the ethereum code?
    It is achieved the same way a bitcoin transactions are achieved, via blockchain technology. Anyone can read the coding of a contract.Also, once the contract has been deployed it cannot be altered.

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#1564

  1. Web 1.0 was the low functioning web that wasn’t very useful until javascript.

  2. A smart contract is a contract stored on the decentralized blockchain between individual people

  3. Ethereum is still decentralized like btc so nodes have a copy and that creates transparency

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#1565

  1. Web 1.0 was static, based on texts and images only.

  2. Smart contract is a small pieces of code that run on ethereum blockchain. Basically, it’s used to program money in such a way that it is trustless, unstoppable and transparent.

  3. Transparency is achieved by deploying the smart contracts in the blockchain. Because once a smart contract is deployed it is now immutable and at the same time can be accessed by anyone in the network.

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#1566

  1. links, text, images and no javascript.

  2. A program that runs on the blockchain and is unstoppable.

  3. Everything on the blockchain is visible to everyone including the contents of smart contracts.

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