Homework on Ethereum Intro

Homework on Ethereum Intro - Answers.

Web 1.0 was the internet without java {JS} scripting - the earliest form of web -, allowing for static websites; i.e. text, image and link where more than likely the only things able to be shown on this early technology.

A smart contract is a programmable contract written in the solidity programming language on the Ethereum blockchain.

Smart contracts written with Ethereum code are stored on the Ethereum blockchain and consequently are entirely transparent because anyone can inspect the contracts and transactions.

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1). Web 1.0 was the web with static websites. There was no interaction, no chatting, sensing MMS, uploading videos, none of that. it was all just text and pictures on a web page.

2). A smart contract is a small piece of code that can be deployed to the ETH Block Chain. We can create these smart contracts using a language called Solidity. (Do we have a Solidity course in this academy? @Maki )

Once this contract (program) is deployed to the blockchain it is unstoppable. We can do many many things within a smart contract. We can program $$ to do something that we want it to do.

3). Transparency is achieved as anyone can see who is spending the $ and who is getting the $. They can see what is inside of the contract, who all the parties are and what is happening with the $.

I cannot imagine the US government EVER putting the tax dollars they spend onto a block chain. Do you know how many people would be in jail from Congress?

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Indeed sir, too many in fact :nerd_face:

Also I advice to take them on that exact order to get the most of them.

Carlos Z

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  1. Web 1.0 was the first version of internet where there was only static sites that could only serve static information like text images and links. There was no dynamic content generated server side, so no accounts/logins and custom experience journeys based on user data.
  2. A smart contract is a code piece deployed on the blockchain that can execute functions with money/tokens transactions, based on logic decisions that can be programmed. They are immutable because once deployed they can’t be reverted or modified, usually their code is public and anyone can use their read functions and execute public write functions.
  3. Once the ETH network is public, anyone can see the execution and the code of the smart contracts, so it’s completely transparent and there is no way to lie, on their execution once all transactions are public.
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  1. Web1.0 was a static web, with applications or interaction. no java script.
  2. A smart contract is a piece of code on the blockchain, a programmed contract with an unstoppable execution.
  3. The contracts are on the eth blockchain therefore it can be seen by everybody.
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Thank you for this list!

I will take them in order as suggested when I finish the JavaScript Course. :pray: :pray:

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  1. What was Web 1.0?
    Web 1.0 was the beginnings if the internet, when websites consisted on mostly hyper links. It provided information, without much interaction with the user
  2. What is a smart contract?
    A smart contract is self-executing contract coded to performed a given set of programable instructions.
  3. How is transparency achieved with ethereum code?
    The ethereum code is public, anyone with the right skills can access it.
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  1. This was the internet without Javascript. This internet had static data and no personalization.
  2. Smart Contracts are pieces of code on the Ethereum network written in Solidity. They are unstoppable, can monitor transaction activity, and can own and independently control money.
  3. Transparency is achieved through removal of middlemen and ability for the whole network to see all transactions happening on the chain.
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1: A static form of Web, the infancy level. It consisted of static elements only, such as text, images, and links. There was no interactivity.

2: A smart contract is a small piece of code that runs on a certain Blockchain. In this case, we’re learning about the Ethereum Blockchain. Its functioning cannot be reversed once written. Everything is 100% transparent and it nullifies the value of trust.

3: The code is 100% open-source, everyone can check and verify the completed transactions on the ETH Blockchain. The code cannot be reversed once deployed. There is no room for corruption.

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Great post man! Keep the good content coming!

  1. Web 1.0 was the blockchain was a version of the blockchain that had a smaller community and communication capability and did not have JavaScript
  2. A smart contract is a piece of code where you can create programs to do exactly what you want with money and not have to rely on a person or any middle man. You just rely on the network and technology.
  3. By making it easier to do transactions and trust people because you are just relying on the technology you don’t need to know anyone.
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  1. What was Web 1.0?
    a static website, just images and text, with no capability for interaction with the user.
  2. What is a smart contract?
    a program that started on the ethereum blockchain made to perform certain action after a certain condition is fullfilled and cannot be modified
  3. How is transparency achieved with ethereum code?
    every transaction is visible on the blockchain in a trustless system.
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1 - Web 1.0 was the beginning of the internet where it was mainly a read only type of interaction between the user and the web and no interactions between parties on the web. It was static and only a way to view information being provided to the user.

2 - Smart contacts a predetermined conditions / obligations that run on Ethereum in order to execute a desired outcome.

3 - Transparency is achieved due to the open and public nature of the network. As each person can view the immutable transactions which are within the blockchain.

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  1. Web 1.0 was the first generation of the World Wide Web – also known as the ‘read-only web’. There were only static websites on it that allows users to read and consume information, instead of allowing them to interact with each other.

  2. Smart contracts are lines of code that are deployed on a blockchain that automatically get executed once certain conditions are met. Therefore, two parties or users need not rely on a 3rd party or an intermediary for their work.

  3. Smart Contracts are transparent – a) anyone can read the code and therefore understand the terms and conditions of the contract. b) once these contracts are deployed, no one can change or meddle with them. c) don’t require an intermediary to facilitate an agreement between two or more users. instead, these contacts are based on lines of code that people need to trust.

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  1. Web 1.0 is static pages without JavaScript libraries.
  2. Smart contract is a program that runs on a blockchain
  3. Transparency is achieved as everyone can see the contract and verify what the program does (eg. if you are not scamming people)
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  1. Web one was a static internet wherein data could only be uploaded or downloaded.

  2. Smart contract is an Ethereum bases solidty code which holds value/ money.

  3. The blockchain allows Ethereum to be transparent and open.

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  1. What was Web 1.0?
    Static websites…Web 2.0 had js which enabled websites to be interactive.
  2. What is a smart contract?
    Small pieces of code that run on the ethereum blockchain that program money.
  3. How is transparency achieved with ethereum code?
    everything is on the blockchain and we can all see it.
    like btc transactions, we are unable to modify it.
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  • What was Web 1.0?
    A: is how the internet web browsers operated prior to Java Script - static, simple pages, with photos, text, and hyperlinks.

  • What is a smart contract?
    A: Is a program in a blockchain that will control and own money in accordance to the rules of the program, it is unchangable and secure.

  • How is transparency achieved with ethereum code?
    A: all blocks are transparent in a blockchain and so all contracts will be viewable by logged participants and can be inspected.

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  1. First iteration of internet, allowed basic viewing of texts and images.
  2. A piece of code that interacts with money programmed only to do things upon certain criteria being met.
  3. You can view the code of each contract you’d like and see exactly what it does.
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Web 1.0 is a static website with text, images, and links only for reading and sharing.

Smart contract is small pieces of code deployed on the Ethereum network.

Transparency with verifiable technology, that can not change the smart contract and can see transaction sent and received.

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