- Web 1.0 was the first version of the internet. It allowed texts, images and links to be shared but it did not allow for chats, accounts or social media. All of that was created in Web 2.0 when Javascript was introduced.
- A Smart Contract is a piece of code running on the Ethereum Blockchain, it is used to “program money”.
- Within the Ethereum Network, transparency is achived in a way similar to the Bitcoin Network. Anyone can verify anything that has been deplyed on Ethereum thus eliminating the need for trust, middleman services and increrasing transparency.
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Web 1.0 is the early internet, where there was no possible interaction between the user of a web page, and the page itself. Users could only read texts, see images, and find links. This changed with the introduction of JavaScript when pages were created to be interactive. This led to the creation of Web 2.0.
It’s a contract that is deployed on the Ethereum network. This contract is only going to execute, when a certain condition will have met. These decentralised and unstoppable contracts will execute the transactions specified in the contracts automatically, when the specified requirements are met.
The conditions of the contract is transparent anyone can verify them, because of Ethereum’s decentralised network. There is no need to trust a middlemen, only need to trust the code, and the way the smart contract was written.
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Web 1.0 was the first web where the websites could only show static text, images and links. Javascript made web 2.0 possible where the websites could be interactive.
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A smart contract is money held on a blockchain like Ethereum, and there is code that says what happens to the money. This allows contracts to be visible on the blockchain where the money can go somewhere if the contract is filled, for example an inheritance going to someone once the person who owns the money dies, or money that will only go to a kid if he gets good grades. Once the money is in a smart contract on the blockchain, there is no way to reverse it, so you don’t have to trust a middleman.
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Transparency is achieved because just like Bitcoin, all of the Ethereum transactions and smart contracts are in the blockchain, are visible to everyone, and cannot be changed or reversed.
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- Internet was Web 1.0 in the beginning. You can read, write and share. It
was not programmable and not dynamic like Web 2.0. - Smart contract is a small program where you can make rules without any
one involved. Put money in the smart contract and it will pay out based on
fixed rules. No third party or middle man needed. - Ethereum code is open source all is visible on the blockchain.
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Homework on Ethereum Intro - Questions. (Questions were updated on Dec 3 2019 )
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What was Web 1.0?
Web 1.0 had been the static websites, which were able to display basically text, images and links. But theses websites looked exactly the same for each visitor. Nowadays browsers have JavaScript, ASP, PHP and other programming environments to show dynamic content, which is dependant on a users actions in this website. With Web 2.0 a website can for example draw a function, provided by the input of a user. Depending on your input you will get a graph of the according function. -
What is a smart contract?
A smart contract is defined on the Ethereum blockchain and if this contract is deployed nobody can stop it from execution (“Code is king!”). It is called a smart contract, because the contract can react according to the conditions defined in the smart contract. For example you lease a car and the car is connected to the internet. You do your monthly payments for the car by paying ETH. If you have done your monthly payment, you can use your leased car. But if you didn’t send your monthly payment, the car would not start the engine. -
How is transparency achieved with ethereum code?
First of all cryptocurrencies remove the middleman. This often leads to cost savings. Transparency is achieved, if you do business with somebody using a smart contract. If the two parties agree both on a smart contract, it can be deployed on the ETH blockchain and it will be executed no matter what happens. So you trust the math and the technology behind the smart contract. You don’t have to trust each other, because the smart contract will be executed depending on the conditions defined in the smart contract, which every party ageed upoon. By reviewing the code of the smart contract, you are able to know what will the smart contract will do under certain conditions. Don’t trust, verify!
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1. What was Web 1.0?
Web 1.0 is the first version of the Internet where you had Static Websites. On those websites you could only store limited information like pictures, texts and links.
2. What is a smart contract?
Smart contracts are Codes that run on the Ethereum Blockchain that can also be lucked at as “programable money”. Their purpose is to store money and release it if a certain situation occurs, according to the way they were programmed to behave.
3. How is transparency achieved with ethereum code?
Transparency is achieved by the fact that at the core it is a Blockchain. A major characteristic of the Blockchain is that it is Transaprent
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Web 1.0 was static, only had text, images or links.
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A smart contract is a contract programmed on the Ethereum Blockchain that holds funds (money, coins), and you program a set of conditions that have to be met in order for those funds to be released.
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Transparency is achieved with ethereum code because it is on the blockchain, which means that it can’t be changed or altered, and is always visible and easy to verify. Don’t trust, verify!
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Static websites were the beginning of the internet with pages containing text, graphics and links only.
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A smart contract is a small piece of code, that will run on a programmable block chain and is unstoppable once launched. It is programmable money that, once funded will only release the funds if the conditions are met that are encoded in it.
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The source code of the ethereum block chain, solidity and the actual smart contracts are available to view and download on the internet.
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What was Web 1.0?
Web 1.0 refers to the first stage in the World Wide Web, which was entirely made up of web pages connected by hyperlinks., hence Static websites without Java -
What is a smart contract?
A smart contract is a computer protocol intended to digitally facilitate, verify,
or enforce the negotiation or performance of a contract. Smart contracts allow the performance of credible transactions without third parties. It provides the means to activate automatically and execute programs based on specific conditions.
If you are familiar with If This Then That (IFTTT), you are familiar with the concept of smart contracts.
Essentially a contract is something that is told “If” something happens, “Then” complete and execute the following task. -
How is transparency achieved with ethereum code?
Much like bitcoin, the platform uses this transparency as part of its security – with it in some ways ensuring that users cannot fake transactions. However, new anxieties are emerging regarding this transparency and the potential problems that such data exposure might have for businesses.
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- Web 1.0 were the static websites before JS entered the picture.
- Smart Contract is a piece of code that is unstoppable and can hold money and send money. It can be thought of as a contract between me and other people what should happen with the money after a certain condition is met.
- Through blockchain, everybody can read data.
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Answers
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Web 1.0 was the first, static version of internet. In this environment, you could only read and write text, image and link. You cannot have chat, account and social media…
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Smart contracts are small pieces of code that run on the ethereum blockchain. They’re unstoppable and you can see all in terms of transactions (who send, receive money). You can use Solidity to build a smart contract and deploy it on the ethereum network. It’s a new world, in which you can do financial transactions without any intermediary third part in a completely decentralized way.
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You cannot change the smart contract behavior, because when you put something into the blockchain you can’t change it. It’s irreversible not just for transaction, as bitcoin, but ethereum have a whole financial ecosystem application behind it. No middleman, we trust in math!
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What was Web 1.0?
Web 1.0 is the internet, where majority of people only receive information. Adding information was not possible for the majority of its users. You cannot interact with it such as chats and logging into accounts.
What is a smart contract?
A small piece of code that can be run on the Ethereum blockchain. In the smart contract you can set up criteria’s for releasing the funds.
How is transparency achieved with Ethereum code?
Everything is run on the blockchain. All the information is public. Everything can be verified.
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1- The web 1.0 was the static internet with just text, image and link. It was the internet before java script.
2- A smart contract is completely programmable money, decentralised, trustless and without 3rd parties. It holds the money and releases it once the condition(s) is fulfilled. It enables someone to make business with anyone in the world in a trustless way and no intermediaries.
3- All nodes have to reach consensus, nodes have to agree to the transaction and verify them.
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Was the first stage of the World Wide Web. Very static and plain, only text and images. Only able to send and receive messages.
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Smart contract is an protocol/program in a network that is able to hold or facilitate currencies according to an agree. All this is done without an entity or third party.
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Anyone can see the terms in a smart contract. It can not be reprogrammed or changed. Once the smart contract has been deployed into the blockchain it can not be reversed.
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Web 1.0 consisted of static websites, limited functionality with only text and images; no JavaScript.
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A smart contract is a contract written in code & broadcasted to the blockhain to be executed. They can contain money and execute without a 3rd party.
3.The terms of smart contracts on Ethereum are publicly viewable on the blockchain. Only when all nodes agree on the outcome can it be irreversibly executed on the blockchain.
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- What was Web 1.0? That was the first internet. The static pages with text. Java Script was the beginning of Web 2.0. I started a website called equinesports.com in 1999 and it took 30 minutes to download one photo! My web designer was a bad businessman and ended the site in 2001.
- What is a smart contract? This is the start of Web 3.0 and programmable money. Such a revelation. This has been called dapps, but not all dapps are smart contracts.
- How is transparency achieved with ethereum code? The code is open and the transactions are posted and can be seen. There is no way to go back and change the code.
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first verion on the intenet ( static )
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a piece of code that runs on etherium
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everyone can see what the smart contract is about
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What was Web 1.0?
Basically just text and images, no smarts -
What is a smart contract?
It is a contract built on Etherium that is able to execute a process based on parameters that have been programmed into it. It can own money and decide what to do with it. -
How is transparency achieved with ethereum code?
The contract is on the blockchain which means the transactions and contract is visible to the community, it cannot be changed or removed (immutable), there is a public record of all associated transactions
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1.Static websites built on, Text, Images, Links and allow you to read and share information.
2.It’s a contract executed by an algorithm on the ethereum blockchain.
3.Through proof of work consensus algorithm
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- Static, without JS.
- A contract that is executed when certain conditions are met without needing to trust your contract partner or a third party. The conditions are hard coded and can be seen by both parties.
- Everyone can read the smart contract and it cannot be changed or reversed
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