1.Web 1.0 is the first version of websites, which were static and non-interactive. Their main purpose was to provide imformation, like a book or an article. (html0.
2. A Smart Contract is a piece of interactive code, written on the blockchain, that executes an action when certain conditions are met, for example, the transfer of tokens…
3. It is visisble on the blockchain, and once recorded cannot be changed later as it is confirmed on the ‘ledger’.
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web 1.0 was static and only included text, links, and images. it did not have JavaScript to make everything interactive.
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a smart contract is essentially programmable money that is transparent and immutable. once a smart contract is holding money and is programmed for certain requirements it cannot be changed. this is because of mining and PoW.
3.transparency is achieved by smart contracts on the blockchain and are visible to anyone who would like to see them.
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Web 1.0
Only static webpages with
- text
- images
- hyperlinks
Smart Contract
- A program that runs on a 2.0 Blockchain
- Written in Solidity in the case of Ethereum
- An immutable agreement between two parties
- Will execute when codified conditions are met
- Cannot be stopped
Transparency with Ethereum Code
Transparency is achieved by the fact that the code is run on a distributed public blockchain open for anyone and everyone to survey
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1)What was Web 1.0?
Web 1.0 was the internet before Java Script, it was static, and you could only view Images, text and links
2)What is a smart contract?
Smart contracts are unstoppable and transparent self executing agreements
3)How is transparency achieved with ethereum code?
Using the Ethereum language on all the nodes thru consensus you will be transparent and unstoppable
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1. What was Web 1.0?
Web 1.0 was first iteration of internet, which was able just to present information, it was not interactive and it was not programable.
2. What is a smart contract?
Smart contract is pre-programed set of rules which should be meet for transaction to be approved.
3. How is transparency achieved with ethereum code?
Transparency is a achieved by removing middle man. Once we settle rules in smart contract, we don’t need to depend on trust upon other part of the contract or third person.
Also, Ethereum code is open source, so no hidden secrets are possible.
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- What was Web 1.0?
- A static website where you only could read and share information
- What is a smart contract?
- small pieces of code that run on the ethereum blockchain, it is completely unstoppable.
it can own and decide what to do with money without having people that need to verify or confirm that information they get, its completely automatic. for example you say i want to send my son 2btc when he gets good grades, Youre son gets good grades and it will automatically send him the 2btc.
- How is transparency achieved with ethereum code?
- Nobody can change any info like btc is programmed, so corupty would never happen. and no need for people to verify or confirm if its true, so trustless
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What was Web 1.0?
Static html websites that displayed information and pictures but did not have any dynamic or interactive elements. -
What is a smart contract?
A smart contract is an address on a blockchain that can hold money and that can contain code indicating what to do with that money. This smart contract does not require a third party to fulfil its function. Such contracts can be used to trade one token for another token trustlessly, or distribute wages at set time intervals or in response to delivery of a piece of work, or anything you can imagine since Solidity is a Turing - complete language. -
How is transparency achieved with ethereum code?
Transactions are open on the blockchain, just like with Bitcoin, and the code is open source. What happens is not hidden, it is determined by the smart contract and neither party can influence that, assuming the code is open and written properly.
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Static pages that only contained text, images, and links
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A program that can own and send money immediately when conditions are met with no 3rd party interaction, they cannot be altered or stopped
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The smart contracts cannot be changed or stopped once they are on the blockchain, and all of us can see the code on the blockchain
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Web 1.0 was the first version of the internet before JavaScript was introduced.
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A smart contract is a piece of code that is run on the Ethereum blockchain. Anyone can program a smart contract which can be programed to lock away money in the ETH blockchain and to be released after whatever it was programed to be released for occurs.
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Transparency is achieved with Ethereum code because the coding gets deployed into the blockchain where everything is decentralized and transparent.
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Web 1.0 was a static environment with just webapges, links and text vs 2.0 where is was dynamic
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Is a contract on the blockchain which executes certain outputs when certain inputs/milestones are reached. Eg if someone does a then b will happen automatically without the need for trust of a middle man. Don’t trust > VERIFY
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Transparency is achieved because people can see the code in the contract, so they can verify it themselves!
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Static, with only text, images and links.
A smart contract is a small piece of code written in Solidity, it’s unstoppable and about transactions.
Transparent applications, unchangeable, no middleman, don’t trust but verify.
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- static website consisting of text image and links
- software what runs on blockchain
- code is transparent to everyone
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1.) The first Version of our Internet. Static Websites with only Text,Pictures and Links.
2.) It is ‘‘programmable money’’ in a blockchain like ethereum.
3.) You can verify the code by yourself, there is no need to trust someone.
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What was Web 1.0?
Static website which shows only a text or images -
What is a smart contract?
it is a program / code that describes how the transaction will take place. -
How is transparency achieved with ethereum code?
Everybody can see the code of the program.
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- What was Web 1.0?
This was the original manifestation of the internet where people upload things like text and pictures for anyone to view
- What is a smart contract?
It is a type of computer code that executes built in actions when specific events happen.
- How is transparency achieved with ethereum code?
Since all information and actions are stored on the blockchain anyone can see it. This removes trust from the situation since you always see all actions peformed on the network.
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- What was Web 1.0?
The internet before javascript. Static and boring.
- What is a smart contract?
Code that runs on the Ethereum network that can own and decide what to do with funds in a trustless decentralized manner.
- How is transparency achieved with ethereum code?
Same as bitcoin, everything is on an immutable blockchain.
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1.) was a static website limited to text, links and maybe some images
- small pieces of code that run on the ethereum blockchain, they can own and then decide what to do with money
3.)Everyone could see where the money goes and read the code of the smart contract, and no one could reverse or change how smart contracts function
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- Web 1.0 was the first iteration of websites on the internet that were static and allowed text, images and links.
- A smart contract is a program that executes an action
- Transparency is achieved because everyone can see any transaction.
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1. Web 1.0 is the Internet before Java Script when we had a static website with just a text, image and a link. Didn't have interactions such us chat, social media, accounts and so on.
2.Smart contact are small pieces of code that run on the ethereum blockchain, that anyone can create such a contract in solidity for example. They perform a specific task for us based on how we program them Ex. It will pay small amount of money to your kid for getting good grades in school. It can't be changed
3. Transparency is there because the code is transparent. Everyone can see it, read it and verify. It's based on blockchain so all blockchain rules of proof of work applies. Smart contracts are unstoppable, can't be shut down or reversed, we can see what is happening to the money in the particular smart contract, exactly who sends it and who receives the money
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What was Web 1.0?
The first internet that only showed static websites built on text, images, links and allows you to read and share information. -
What is a smart contract?
A smart contract is a code which we can decide what we want our money to do. They are small pieces of code that can be deployed on the Ethereum network. -
How is transparency achieved with ethereum code?
Once deployed on the network it is immutable and transparent so everyone on the network can see the fundamentals of the contract. The contract cannot be disputed.
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