Answer: the fist edition of internet without js it was only possible to show images, links and text.
Answer: small pieces of code that running on the ethereum network they can own and decide what to do with money.
Answer: everbody can see whats happening with the tx. due to the pow we also have in bitcoin, manufactured smart contracts cannot be changed afterwards either
It was static websites. Someone could share information by creating website and other people could read it and basically that was it.
Smart contract is small program that you can put on the blockchain. Smart contracts can own and decide what to do with money. It is unstoppable and transparent.
Everybody can see what is happening with money by looking at the blockchain and you cannot change previous transactions.
What was Web 1.0?
What is a smart contract?
How is transparency achieved with ethereum code?
Answer all questions and post your answers in the thread linked below.
1. What was Web 1.0?
Web 1.0 was around when websites first started. you could have web pages with txt, j.pegs and links.
2. What is a smart contract?
Small pieces of code that run on ethereum network. can do things with money. Unstoppable, transparent, programable
3. How is transparency achieved with ethereum code?
It is open for all to read.
What was Web 1.0?
plain text, images and files. No dynamic interaction
What is a smart contract?
code that runs on the blockchain - programmable money that cant be changed
How is transparency achieved with ethereum code?
the details of the transactions are open for anyone to view.
What was Web 1.0? Static information sharing: text, links, images.
What is a smart contract? A small piece of code that can execute commands, once written and deployed it is recorded into the blockchain so that it cannot be changed/compromised.
How is transparency achieved with ethereum code? The code is visible on the block-chain, so it can be read and verified.
1. What was Web 1.0?
• Web 1.0 enabled people to share information globally via text, images and links.
2. What is a smart contract?
• A smart contract is a small piece of code which is able to automatically execute, control and action money according to the terms of an agreement. Once deployed into the blockchain it cannot be altered.
3. How is transparency achieved with ethereum code?
• It is open-source code on the blockchain, so it can be seen and verified by anyone.
Homework on Ethereum Intro - Questions
What was Web 1.0?
-Web 1.0 was the simple static form of internet where you could only send texts images and links, the user interaction is very limited.
What is a smart contract?
-Smart contracts are small pieces of code that run on the Ethereum Blockchain, they can for example, own money and execute the usage themselves , when programmed to do so.
How is transparency achieved with Ethereum code?
-In the Ethereum Code Transparency is achieved through Trusting in math and technology on the Blockchain , there are no intermediaries , the code is deployed and executes the information imbedded within. No Trust needed only Verification ! This is achieved through the powerful source code, solidity ! Transactions are unstoppable once created !
What was Web 1.0?
In Web 1.0 there where only static Websites. That means it couldn’t contain dynamic Data.
What is a Smart contract?
A Smart Contract is programmable Software on th Etherum Blockchain. The Conditions are predetermined so everybody has the same conditions.
3.How is transparency achieved with ethereum code?
When you deploy the Code, you can not change it. It also creates a trustless System because you dont have to count on peoples decisions. Dont trust, verify!
Early, static websites that would only really show text, images, and maybe share links.
Small code that tells what to do with money with complete transparency. They own and decide what to do with money.
Transparency is achieved by verification. Everything is verified and everything is able to be seen by anyone.
Web 1.0 was simply static websites consisting of text, images and links. There were no complex or dynamic multinational websites
Smart contracts are small pieces of code that run on a blockchain. These pieces of code perform a function.
The ‘source code’ of a smart contract is visibly to everyone
This way everyone can view it and be certain of how it behaves. This follows the “don’t trust, instead verify” principle. You don’t have to trust a smart contract; you can verify it yourself. It removes the need to trust other people as the process is automatic.
Web 1.0 was the static and simpler version of the internet with limited activity.
Smart contract is a small piece of code that can be programed to manage money in a decentralized way.
Transparency is achieved with the decentralized nature of the blockchain by removing the trust.
What was Web 1.0?
Web 1.0 was static web pages, pre-java. Hosted images, text and links only.
What is a smart contract?
An programmable if - then contract set up on the blockchain. Trustless, unstoppable and without middle men.
How is transparency achieved with ethereum code?
All transactions can be followed and all code read by anyone. This ensures there is no “funny business” by anyone involved and all Tx’s can be followed from start to finish.
Web 1.0 is the original boring static version of the web and only consisted of text, images, and links.
A smart contract is a coded unstoppable transaction written as a contract between multiple parties. It takes away the need for trust or the help of a 3rd party institution, once the terms of the contract are met the funds are automatically released to the appropriate parties.
The ethereum code achieves transparency by storing all the executed smart contracts on the blockchains public ledger.