Homework on Ethereum Intro

Ethereum 101
#1807

Web 1.0 is a static form of message that is not programmable.
Smart contract on the other hand are tiny codes used on the Ethereum Blockchain.
Transparency can be achieved without any third party but by trust

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#1808

  1. Web 1.0 was the first internet, so there was only static websites. (Only text and images)

  2. Smart contracts are programmable rules that gets executed when predetermined conditions are met.

  3. Transparency is achieved through blockchain technology

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#1809
  1. What was Web 1.0?
    The First Internet
  2. What is a smart contract?
    Executable Programm on the blockchain
  3. How is transparency achieved with ethereum code?
    With the blockchain technology
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#1810
  1. What was Web 1.0? static internet such as text
  2. What is a smart contract? programable txs
  3. How is transparency achieved with ethereum code? you can view the contract
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#1811

The industrial revolution allowed us, for the first time, to start replacing human labour with machines.

-Vitalik Buterin

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#1812

Welcome to the community!

#1813

  1. Web 1.0 was the internet before javascript was added to the browser. It was when the internet only had the capability to show only text, images, and links.

  2. A smart contract is a small piece of code that runs on the ethereum blockchain, it is programmed using solidity, it can be programmed to handle money, it also boasts some features like being unstoppable and transparent.

  3. Everything on the blockchain is open and verifiable so anyone can see who is transacting with who on the network or in a smart contract.

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#1814
  1. What was Web 1.0?

The first internet that was restricted to text, links and images

  1. What is a smart contract?

A smart contract is a peace of software that runs on a blockchain. As it is with every other record stored on a blockchain, there is no way to reverse it, so once a smart contract has been deployed to a blockchain, there is no way to revoke it, stop it or anything.

  1. How is transparency achieved with ethereum code?

Transparency is achieved by having the code publicly available on the blockchain. It can be shown by anyone, at any moment in time and everybody can check what it is doing.

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#1815
  1. read-only web. Search and read information without interaction;
  2. Programmable script on blockchain;
  3. By having code publicly available on blockchain.
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#1816

  1. Web 1.0 was the origination of internet where we could only put text, links and pictures only.

  2. Smart contracts are codes on the blockchain with business logic where people can do all kinds of transactions/business dealings without having to trust each other. It’s creator will specify the conditions of the contract and upon the conditions/parameters of the contract being fulfilled, the smart contract will execute automatically.

  3. No information can be hidden as everything can be verified on the code itself .

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#1817

(1) Very static. You can read information but no social media / videos etc.
(2) A smart contracts are small business of code that run on the ethereum blockchain. it is unstoppable.
(3) PoW: We trust the math and technology and the way smart contracts are written.

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#1818

  1. What was Web 1.0?

    The first “form” or stage of internet where websites were static and you could only read information but no interaction was posslible.

  2. What is a smart contract?

    Smart contracts are codes or small programs that run on a blockchain.

  3. How is transparency achieved with ethereum code?

    As the ethereum code is publicly available, transparency is given and everything is verifiable.

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#1819
  1. Web 1.0 only allowed people to view information. It did not allow you to interact with or contribute to the information.
  2. a smart contract is essentially a decentralized escrow account. it takes in money and then distributes it according to how that contract was programmed.
  3. anyone can look at the code to see what is coming in and where it will be distributed.
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#1820

  1. web 1.0 is that you could just have text, images and linksyou could send to people and that could be used for the internet.

  2. smart contracts are small pieces of code that hold a certain sum of money and can be programed to be sent to someone with a certain action.

  3. with ethereum your transaction is put on the blockchain and you can’t change it because this is a pow system where you can’t change a tx in the past.

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#1821
  1. It was the first version of internet (a static version) with text, images
  2. A smart contract is a contract made on a blockchains. It cannot be changed when it is deployed.
  3. You do not trust any middle man or institition. As well the ethereum code cannot be changed or modified
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#1822

  1. It`s web before JavaScript. It cound only display static content.

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

  3. You can see all the transactions that are happening within smart contract. You cannot get the money out of SC unless the condition (that was initially programmed) is met.

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#1823

  1. Web 1.O is used to design static websites which can display static texts, images and links (No chat/no video etc). Now with the help of JavaScript we are able to create more functional websites.

  2. Smart contract- Its a computer program which runs on blockchain. It executes when certain conditions are meet.

  3. Ethereum code is a publicly available code anyone can see it what is inside the smart contract and why its written.

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#1824

Web 1.0 was static webpages and text, links etc.
A Smart Contract is a piece of Solidity code that runs on the Ethereum network.
Each smart contract is irreversible or unstoppable and visible and therefore transparent. As the saying goes " don’t trust, verify".

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#1825

A mix of text, images and links.
It is a program that holds money as collateral until a specified condition is met. Then it releases the money based on that condition.
Every body can read the smart contract, then there is no need to trust each other. Rather, we can verify the process.

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#1826

  1. Very basic web sites with just texts and maybe links and pictures.

  2. A smart contract are small pieces of of code that run on the ethrerum blockchain that are use to program money with directions to decide and own it.

  3. Everybody can see the transactions and nothing can be hidden thus achieving transparency.

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