Homework on Ethereum Intro

Ethereum 101
#1707
  1. Web 1.0 was a static web, only texts, images, links.
  2. A smart contract is a small piece of code running on ETH Blockchain.
  3. Transparency with eth code is achieved with smart contracts that can´t be changed.
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#1708

  1. Web 1.0 was the internet before Java script.

  2. A smart contract is a block chain that you can code smart triggers into.

  3. Transparency is achieved with Ethereum(Solidity) code because anyone can read the smart contracts.

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#1709
  1. Web 1.0 was the first iteration of the internet where people couldn’t interact with the website, it was very basic with just texts, links, images.
  2. Smart contracts are pieces of code that run on the blockchain.
  3. Anyone can view the transaction, see the sender and recipient, date and time. It also cannot be altered.
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#1710
  1. What was Web 1.0?
    -The web 1.0 can only have static texts, images and links, no social networking or nothing else?
  2. What is a smart contract?
    -Smart contracts are small pieces of data inside blockchains to do a transaction on the etheureum network
  3. How is transparency achieved with ethereum code?
    -Transparency is achieved because you do not need to trust anybody, once a piece of code is added to a blockchain, it can’t be altered.
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#1711
  1. What was Web 1.0?

Static websites that was limited to displaying just Text, images and URLs.

  1. What is a smart contract?

Smart contract can be described as small pieces of code running on the blockchain. These codes are developed using the Solidity Programing software. These contracts are has the ability to hold and decide what to do with assets/money. It opens up the possibility of programable money.

  1. How is transparency achieved with ethereum code?

Transparency is achieved because these smart contracts cannot be changed once deployed and anyone can read these smart contracts and potentially audit it by themselves if needed. Relevant details related to transactions in these smart contracts can be viewed by anyone using websites like etherscan.

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#1712

1-> it was the static internet as it was, only text, links and images

2-> A smart contract is a programmable peace of code on the blockchain that is excutable by the blockchain

3-> Transparency is achieved by making all the data public on the blockchain, the data is immutible and cencorship resistance and unstoppable when it hits and confirmed in the blockchain

#1713

  1. What was Web 1.0?
    It’s simple, static website, could show texts, images, links, it’s boring, no chat or social media.

  2. What is a smart contract?
    Smart contract is some pieces of code that run on the Ethereum blockchain, by using solidity programming language you can program smart contracts and deployed on Ethereum network.

  3. How is transparency achieved with ethereum code?
    Transparency is guaranteed by using a decentralized Blockchain, the smart contracts are open source.

#1714

Web 1.0 means static web pages with the same content for all visitors.

A smart contract is a small piece of code usually on the Ethereum blockchain. The contract is unstoppable, it executes the code, and all transactions to and from the contract can be seen by anyone. Smart contracts are programmable money.

Transactions and smart contracts on Ethereum are transparent. If for instance government spending and social programs are on smart contracts on blockchains anyone can track transactions. Identities of ordinary people shouldn’t be revealed.

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#1715
  1. What was Web 1.0?

Static webistes with no scripts running on them.

  1. What is a smart contract?

A smart contract is a function, written in solidity, deployed on the ethereum network.

  1. How is transparency achieved with ethereum code?

Because anyone can see the contents of the smart contract.

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#1716

  1. Web 1.0 are static web pages comprising of text, images and links.

  2. A smart contract is a program with a set of rules/conditions used to store cryptocurrency and decide what to do with it. It is fully decentralized, and there is no way to stop it once it is deployed on the blockchain.

  3. Transparency is achieved from the fact that anybody can view a smart-contract on the blockchain to know what is happening to the money part of that contract. What you see is what you get, once the contract has been deployed it cannot be modified by anyone including its creator.

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#1717
  1. What was Web 1.0? web 1 point is when websites were static. you could not really interact with other user like with social media or even do e commerce.
  2. What is a smart contract?
    a smart contract is a coded contract that binds its user to a specific condition and cannot be unchanged
  3. How is transparency achieved with ethereum code?
    you can track and trace everything through the smart contract. it is also trustless.
#1718

  1. What was Web 1.0?
    It is a static implementation of the internet where you can only read data and can not interact with it.

  2. What is a smart contract?
    Smart contract is a code written on Solidity which allows to program money on blockchain; i.e. how, when and where to spend it is written in source code of a smart contract.

  3. How is transparency achieved with ethereum code?
    As it is written on blockchain, everyone can see the source code.

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#1719

Homework on Ethereum Intro - Qs

  1. What was Web 1.0?
    It was a static version of the internet where you could only read but interact with the data.

  2. What is a smart contract?
    Small pieces of code that run on the ETH network programmed by solidity and are used to execute and own money according to the contract instructions

  3. How is transparency achieved with ethereum code?
    Everyone has access to view the source code

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#1720

The “read-only” web. No interactibility, no content creation, only download content and enjoy. As opposed to Web2.0 which is a design concept focusing on user content creation and interactibility. Web3.0 is the abbility to natively send value and trade through the web without relying on an external payment processor.

A code deployed to a blockchain capable of executing continously, sending and recieving value.

Through the immutability and readability of it’s block-chain enabled by it’s consensus algorithm (currently PoW).

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#1721

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

1. What was Web 1.0?

Is the firt version of the web where you only had static websites and could not interact with them.

2. What is a smart contract?

A smart contract is a piece of software that contains a set of rules that is only executed if those rules are met. it cannot be changed or reversed once it is on the blockchain.

3. How is transparency achieved with ethereum code?

Just as bitcoin, ethereum blockhain data and smartcontracts are immutable, publicly available and running on decentralized networks. Therefore, you can audit them at anytime.

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#1722
  1. An earlier version of the Internet where everything was more static (could only use text, image, links etc.)
  2. A piece of code that runs on the blockchain. It can e.g. be used for sending/receiving money when certain conditions are met.
  3. Everyone can see who is sending/receiving transactions. It also removes middlemen in the process (trustless) since trust lies on the code/protocol instead.
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#1723

  1. Web 1.0 had websites that were only readable, they allowed no interaction

  2. A Smart Contract is a piece of code than anyone can deploy on the Blockchain. It serves as a programmable and trustless contract that can be read and monitored by anyone, but not shut down or altered, after being deployed

  3. Anyone can read and monitor what is contained in a deployed smart contract, and that brings transparency and removes corruptible middlemen

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#1724
  1. It was the internet before javascript was introduced, it was merely static pages with text, images, and links.
  2. A small piece of code on a blockchain that can own and decide what to do with money based on the parameters of the smart contract. Essentially it makes ETH programmable money.
  3. Ethereum code is open source, auditable, and trustless.
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#1725
  • What was Web 1.0?
    Web 1.0 was a static environment that served up pages that did not change.
  • What is a smart contract?
    A piece of code that is ‘running’ on a blockchain, it can transfer value based on values and actions that interact with it. It can use oracles as input to cause an effect.
  • How is transparency achieved with ethereum code?
    The code is available for anyone to peruse.
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#1726

  1. Search and reach.

  2. a way to set up parameters for the release of crypto (eth), back by putting the funds into the contract. rewards are released at milestones or by other parameters

  3. through the use of different apps and updates to the code

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