Homework on Ethereum Intro

Ethereum 101
#1747
  1. What was Web 1.0?
  • First stage of development of the world wide web that was characterized by simple static websites. With a lot of limitations for the user.
  1. What is a smart contract?
  • Small pieces of codes
  1. How is transparency achieved with Ethereum code?
  • By creating smart contracts that cannot be changed, removing middleman, completely trusting the financial application on the Ethereum network.
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#1748
  1. It is an web that only consists of txt, links and images
  2. Pieces of programs on the blockchain that is called dapps
  3. It is decentralized , it is an code open for everyone
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#1749

1. What was Web 1.0?

It is a static form of webpages consisting of mainly Images, Text and Links usually from the period of (1991 - 2004)

2. What is a smart contract?

Code that is written and works on its own. Computer code on the blockchain that is trustless.

3. How is transparency achieved with ethereum code?

It is public access on the blockchain for everyone to see and it cannot be changes or altered.

(Transparent & Trustless)

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#1750

  1. Web 1.0 is the static version of the Web (ie only texts / images / …).
    Then Web 2.0 introduced Javascript to make it dynamic and customized the experience of each user (chat / account / contain dynamically displayed according the user or ip address or …)

  2. A Smart Contract is a program which is run on the blockchain without any middleman intervention.

  3. Transparency is achieved with Ethereum code via enabling anyone to read the Smart Contracts’ code which are located on the blockchain.

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#1751

1.The first generation internet where it was only possible to read and share information.
2.It consists of small pieces of code. It can hold money until somebody fulfills smart contract conditions in order to get the money.
3. PoW, trustless, Blockchain is transparent

1 Like
#1752

  1. The first version of the web is called Web 1.0 where only texts, images, links and stat. were the options to operate.

  2. it’s small pieces of codes which are run in the ETH blockchain network which can’t be manipulated and reversed by any third party.

  3. It’s in the blockchain network ,means it can be seen by everyone so it is not possible to alter and reverse.

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#1753
  1. Web 1.0 is the term used to refer to the first stage of development on the World Wide Web that was characterized by simple static websites.
  2. Smart contracts are small pieces of code that run on ethereum blockchain
  3. Transparency is achieved because the the code is open source and can’t be altered
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#1754
  1. What was Web 1.0?
    Basic information sharing, non-dynamic websites
  2. What is a smart contract?
    Tiny pieces of code built on the Ethereum blockchain, written in solidity, that can program money based on a specified set of rules.
  3. How is transparency achieved with ethereum code?
    The code is completely transparent, or anybody can read it to ensure it does what it says it will. You know exactly what it will do and you don’t have to rely on trust of any third party intermediaries.
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#1755
  1. What was Web 1.0?
    It is the beginning of the website where you only show texts, imagines and links.
  2. What is a smart contract?
    Smart contrats are small pieces of code that runs on the Ethereum blockchain and you can create it using a program language call Solidity.
  3. How is transparency achieved with ethereum code?
    Anyone can see what it happened with the money.
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#1756
  1. Web 1.0 was the first version of the internet. The internet at that time mainly consisted of static web pages enabling users to share information across the internet.
  2. A smart contract is a small piece of code built on the Ethereum network(other networks too) that allows a developer to create an application designed to eliminate intermediaries and trust in the current legacy system.
  3. Transparency is achieved on Ethereum because their applications are built on the blockchain. Blockchain is a public technology that anyone can download and verify.
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#1757

1 Static websites with a limited interaction range
2 A contract that is on the blockchain
3 Public code and contract, no need to trust, verifiable

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#1758

1. What was Web 1.0?
The Web 1.0 is static information sharing like text images and links.
2. What is a smart contract?
It is a code that is able to own money and distribute it. Once it is deployed, it is unstoppable and is recorded on the block
3. How is transparency achieved with ethereum code?
Every transaction is publicly recorded and verifiable which brings a trust less aspect to it

1 Like
#1759

Q1. What was Web 1.0?

A1. Web 1.0 is technology that enabled the creation of static content (text, images and links) based websites and pages - i.e. for read and share of information only.

Q2. What is a smart contract?

A2. A small program (code block) that can be deployed on the Ethereum blockchain network.

Q3. How is transparency achieved with ethereum code?

A3. Anyone can read the code and contents - i.e. complete visibility of transactions, sender & recipient details.

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#1760
  1. What was Web 1.0?
    First version of Internet with “static” web. Sites with texts, images, links but no interaction.
  2. What is a smart contract?
    Pieces of codes that run on ETH Network. SC is programmed to know how to handle TXs.
  3. How is transparency achieved with ethereum code?
    SC are present on BC so anyone can see them, but not adjust them. We can see “rules” in SC to follow to achieve code to execute. This removes the need of trust and middlemen.
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#1761

1. What was Web 1.0?
a. Static Website
i. Only shows texts/images/links
ii. Only reads and shares information
iii. Website doesn’t adapt to the user

2. What is a smart contract?
a. Small pieces of code that runs on the Ethereum blockchain (Blockchain 2.0)
i. Programmable assets
i.a. Clear and Programmed Instructions
i.b. Allows certain actions to be done depending on the conditions that are met
ii. Completely transparent
iii. Immutable; Cannot reverse or change once deployed

3. How is transparency achieved with ethereum code?
a. All records are stored and available to be read in the blockchain
i. Immutable; cannot be altered or destroyed
ii. Complete transparency; Anyone can check the blockchain and verify

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#1762

  1. Web 1.0 was the first incarnation of the web. It was static meaning there was no interaction between users and providers. Web 1.0 consisted of text, links and images.

  2. A smart contract is a piece of code that runs on the Ethereum network. It is transparent, programmable and decentralised. There is no need for intermediaries to provide trust enabling individuals to own and decide what to do with their assets, for example, money.

  3. Transparency is achieved because all smart contracts are visible on the network. Like bitcoin, Ethereum uses the proof of work protocol which means that transactions cannot be altered without re-mining the blocks before the changed transaction, which is practically impossible because of cost and time.

2 Likes
#1763

What was Web 1.0?
Static websites.

What is a smart contract?
A piece of code on the blockchain that can be programmed to do some function in a trustless manner.

How is transparency achieved with ethereum code?
Anyone can read the smart contract to see that it will do what someone claims it will do.

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#1764

1- Static websites. User interaction is very limited.
2- Programs that can be deployed to blockchain
3- It is a permissionless system. Once the code is deployed, you do not need to trust anyone. You only need to trust the math.

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#1765
  1. Web 1.0 was early on in the internet where you could view basic things. Text, pictures, links. There was nothing interactive or decision making by anything on Web 1.0 based on what the User was doing on Web 1.0.
  2. A smart contract is a transparent, no altering, no outside interpretation, and unstoppable contract that has assets and based on the code will distribute the assets based on what conditions were met.
  3. It is contract that can’t be interpreted outside of the code written. It will do precisely what it was written to do. Once initiated, you will know exactly how the contract will work until the moment it is completed.
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#1766
  1. What was Web 1.0?

Image and text static website. Just to read and share information.

  1. What is a smart contract?

Small pieces of codes that run on Blockchain using a program called Solidity.

  1. How is transparency achieved with ethereum code?

Ones smart contract created, no one can alter or change the content and it’s visible to anyone.

1 Like