2). Smart Contract is a protocol with programmed data into the blockchain.
3). Transparency is achieved from Ethereums Proof of Work model involving consensus through nodes similar to Bitcoin’s which is shifting to Proof of Stake.
What was Web 1.0?
Web 1.0 were static websites that could display things like text, images and links only.
What is a smart contract?
A smart contract is small pieces of codes that run on the Ethereum blockchain. It removes the middle man, so it’s completely trustless and irreversible
How is transparency achieved with Ethereum code?
Transparency is achieved by verifying, not trusting. Everything is recorded publicly on the blockchain. this removes the need for trust, because you trust the technology not the individual.
What was Web 1.0?
It was static web before JS
What is a smart contract?
Is a contract written on the BC which own money and will only apply the conditions of the contract and it’s unstoppable.
How is transparency achieved with ethereum code?
Because the contracts are public unchangeable once written.
What was Web 1.0?
Web 1.0 was the first iteration of websites which were static, allowing users to read text and view images however there was very little in the way of user interaction.
What is a smart contract?
A smart contract is a way of programming tokens to be sent automatically once a condition has been met.
How is transparency achieved with ethereum code?
The Ethereum blockchain and the smart contracts are permanently visible to the public.
1.- Web 1.0 it was the previous web network, the websites there were static websites and we only could read and share information using text, links and sometimes images.
2.- Smart Contracts are small pieces of code that run on the Ethereum blockchain an are made using a programming language call Solidity.
3.- The transparency is achieved because everyone can se what is happening, it takes out the middle man and nobody can change how a smart contract behave after they are activated.
Web 1.0 was the internet in its prime. HTML webpages and centralized servers etc.
A smart contract is a contract which is completely self-contained and unalterable that has conditions and effects that trigger based upon certain requirements being met or not.
Transparency is achieved with open source coding
Homework on Ethereum Intro - Answers
What was Web 1.0?
Web 1.0 was the first version of the internet, which was limited to static websites that were only capable of simple functions such as displaying text, static images, and links.
What is a smart contract?
A smart contract is a program within Blockchain 2.0 that is capable of owning money and sending this money to a party only after very specific conditions are met, such as a child receiving money that has been set aside for when he/she earns good grades in school.
How is transparency achieved with ethereum code?
Like with BTC, Ethereum is coded so that smart contracts are permanently immutable and unalterable, as well as being open-source so as to ensure that anyone and everyone may view any transactions on the network.
What was Web 1.0?
Web 1.0 was a more primitive version of the internet as we know it today and websites were stactic and didint have a lot of features we now have.
What is a smart contract?
A smart contract is code built on the blockchain that fulfils certain parameters in a trust less way without need for an intermediary.
How is transparency achieved with ethereum code?
Ethereum code is transparent because anyone can see where money has moved from and which wallets have interacted with smart contracts.
Static web with text,images and links.
Programmable code on the blockchain written in solidity the main reason is to own and decide what to do with money.
Transparency is achieved because there are no middle man involved and all the transactions are on etherscan for everyone to check. You don’t trust a person. You trust the code, which is 100% objective
Web 1.0 was the first version of the internet that was limited to reading and sharing information. It was static and limited in its applications but it laid out the foundation for the future evolution of this medium.
A smart contract is a program written in the programming language Solidity and implemented and deployed on the Ethereum blockchain. It makes the blockchain more dynamic because it allows for the deployment of more sophisticated blockchain-based applications.
The same characteristics and benefits of the general blockchain such as trustless environment, immutability and finality also apply to smart contracts. Once the smart contract is implemented and deployed on the blockchain, it runs just as programmed. After its deployment, the smart contract cannot be cancelled/altered/reversed and at this point it is not dependent on the authorization of any (third) party to perform actions that are written in the code. The code itself is public and thus anyone can gain awareness about what actions the contract enforces and which conditions must be met in order for these actions to be enforced. Therefore, the whole process covered by the smart contract becomes transparent.
1.static website can upload and share informations , no dynamic fuction ,no application, no different user interface to different users.
2.A programm that writen in solidity that deployed on Ethererum blockchain.
3. It’s transparency cause its on blockchain that are open that everyone can view.
1. What was Web 1.0?
Web 1.0 is the old computer coding language that was limited in its ability to program. It was left only to produce static (boring) websites which contained only texts, images, and links. These websites were for the most part, Read Only, and Share. It was not interactive with no chats.
3. How is transparency achieved with ethereum code?
Ethereum code achieves transparency because, just like bitcoin, one can see the transactions (who is sending and receiving money) through the smart contracts. It uses POW vs POS and these must be verified by miners from the mempool first before it can be added to the blockchain. Hence, transparency is achieved.
Web 1.0 is easily described as static websites consisting of text, images and links. The later development of of Web 2.0 allowed for a more dynamic alternative.
a smart contract is a piece of software widely used on the Ethereum Network. Anyone can create a smart contract using the programming language solidity, and soon to come viper. its also open source, meaning anyone can view any smart contract deployed onto the blockchain. The smart contract itself, is a set of conditions and rules written in code. if set conditions are all met, the smart contract will automatically execute without the need of a intermediary.
The potential of the code exploiting the network is drastically reduced, due to the multiply nodes verifying it.