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What was Web 1.0?
static websites consisting of just text and images. -
What is a smart contract?
a program that holds money on the blockchain that can then send money once a certain variable has been met. -
How is transparency achieved with ethereum code?
everyone can see the code behind the smart contract.
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What was Web 1.0?
a. 1st iteration of the internet. it was very limited could only show text & pics, no ability to interact. -
What is a smart contract?
b. A set of rules that funds are put into and paid out as those rules are met. -
How is transparency achieved with ethereum code?
c. with a decentralized structure, anyone with access can see how a set rules is set up. there is no fudging the rules or hiding secrets within the system.
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What was Web 1.0?
Web 1.0 was the first version of internet. Static websites including text, images and link. -
What is a smart contract?
Smart contract are small pieces of code that run on the blockchain. The smart contracts controls how the blockchain behaves, based on how it is programmed. -
How is transparency achieved with ethereum code?
Transparency with ethereum code is achieved by it being public and open for everyone to see the transaction.
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- Static websites
- a code that executes transactions when some certain criteria is met
- all data can be verified, the code is public
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Web 1.0 was the initial version of the internet that was static and displayed text and images but did not allow for any interaction with the user.
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A smart contract is a program written on a blockchain that contains executable code allowing for transactions to be processed upon the happening of conditions.
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Transparency of transactions executed on ethereum have the same transparency features as bitcoin or other public blockchain transactions in that they are reproduced across a network of computers all of which have a permanent and immutable record.
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Homework - Ethereum intro - Answers
- What was Web 1.0?
Web 1.0 was the first iteration of the internet’s worldwide web when it was only able to display and process static text, images and links.
- What is a smart contract?
A smart contract is code which placed and running on the blockchain which enables the autonomous management of blockchain processes and functions.
- How is transparency achieved with Ethereum code?
Transparency is achieved by
a. The source code of the smart contracts being publicly available to be checked by anyone for malicious code, and
b. The transactions and wallets involved can be viewed at any time by any party by accessing, viewing or querying the publicly available blockchain.
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What was Web 1.0?
Web 1.0 is about static websites built from html and css, which support text images and links and allow you to read and share information only. -
What is a smart contract?
A smart contract is a small piece of code that runs on the ethereum blockchain through solidity. It is a transaparent and unstoppable contract that when is a trigger is met performs a certain function. -
How is transparency achieved with ethereum code?
All smart contracts codes are open for all to see and follow the same rules of coding. There is no third party involvement.
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- The early days of the internet before it was introduced to JavaScript which only supported reading and sharing information.
- Small pieces of code created by using a programing language called Solidity.
- These small pieces of code handle money and execute when condition meet. They are ingrained into the blockchain and become as immutable and transparent as a bitcoin transaction would be.
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Web 1.0 are static websites with simple text and photos.
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A smart contract is a digital contract that executes a specific action based on particular conditions that were written into that contract.
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Transparency is achieved by utilizing the readable solidity programming language. Anybody can read and explore the blockchain on an Ethereum blockchain explorer and view a contract’s contents.
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Web 1.0 was the first version of internet software that enabled static features only; text, images, links. Pre java-script internet.
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A smart contract is a small piece of code running on blockchain, programmed in solidity and is completely decentralized; it can be used to program any kind of data set, e.g. transactions, real world events, etc.
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Ethereum employs blockchain technology in such a way that it has the same fundamentals based upon PoW, mining as Bitcoin; this means smart contracts once deployed are immutable and visible to all parties on the blockchain.
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Static Websites. They could show text, images, links,… no interaction with the website
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Programmable money. You can tell the sc what to do with the money and nobody can stop it or change it
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The code is open source so everyone is able to take a look and read what it will do
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- What was Web 1.0?
It was the first version of the internet, where all the contents were static, and no user interaction. - What is a smart contract?
A smart contract is a program where you can set the rules of how money should be transacted or stored. It removes the need of trusting other people when dealing with money. - How is transparency achieved with ethereum code?
How the smart contract should behave can be viewed by everyone, so it removes the element of trusting other people to fulfill whatever agreement.
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What was Web 1.0?
1st generation internet -
What is a smart contract?
Programmable block chain -
How is transparency achieved with ethereum code?
Anybody can read and understand it.
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It’s traditional form of internet that was recognized as being static. This meant that there were limited things you can do on a browser such as reading and sending information in the form of text, pictures and web links.
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They are small pieces of a code that are programmed within the Ethereum blockchain. They can control your money and can do whatever you have programmed them to do with your money.
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You cannot change anything within a smart contract once it is spread within the blockchain network. Also, you can exactly what the smart contract is doing or is planning on doing with the money it is in control of. No middle man or third party is needed to give money to your kids if they study well. The smart contract would automatically do this, providing it has been programmed to do so. Thus, no need to trust anyone but rather verify that such technology is doing things correctly.
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Homework - Ethereum intro
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What was web 1.0 ?
Web 1.0 was the first generation of the world wide web, also referred to as the read-only web. Web 1.0 began as an information place for businesses to broadcast their information and only allowed users to search for information and read it. -
What is a smart contract?
Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met. They typically are used to automate the execution of an agreement so that all participants can be immediately certain of the outcome, without any intermediary’s involvement or time loss. They can also automate a workflow, triggering the next action when conditions are met.
Smart contracts work by following simple “if/when…then…” statements that are written into code on a blockchain. -
How transparency is achieved with ethereum code?
All the data is transparent and available to be traced by anybody but the confidentiality can be achieved by encryption. In other words, the confidential information is saved on the blockchain in an encrypted format, and the keys of decryption can be shared only with authorized individuals.
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- What was Web 1.0?
Static websites using HTML+CSS, there was no user interaction and each user saw the same website.
- What is a smart contract?
A smart contract is code that is running on a blockchain, essentially creating programmable money since the blockchain will have a currency running on the blockchain.
- How is transparency achieved with ethereum code?
Since the code is running on the blockchain it is publicly available information so anyone can see how it reaches it’s results.
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- What was Web 1.0?
- basic features that is static with just links, text, and images.
- What is a smart contract?
- programs running on the blockchain that can execute automatically when certain conditions are met. Dynamic, programmable, transparent
- How is transparency achieved with ethereum code?
- it utilises the same structural benefits of a blockchain to enforce immutability that is accessible to everyone globally.
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- Web 1.o was static websites which used only text, images, and links.
- Small pieces of code that run on the Ethereum blockchain.
- By using a programming language called Solitity, which programs a smart contract, it is unstoppable, and anyone can see who is sending/receiveing transactions.
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What was Web 1.0?
It was the way internet works before the 2.0. Some characteristics of this way was: static pages, only information, interaction from user was not allowed, it would not accept JavaScript into the HTML. -
What is a smart contract?
It is a tool wich allow us to give orders to money ( in the form of code) and information. A traditional contract demands the deposit of faith that the other people will do what they promise. A smart contract eliminates de demand of faith by submiting the parts of contract, and the assets, to a structure that will work outside the will or intentions of the parts. -
How is transparency achieved with ethereum code?
All applications withim the ethereum network are open source and you can follow all the transactions ocurring inside the network in real time.
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- Web 1.0 were static simple websites with text and sometimes pictures. They weren’t dynamic (chat, video…) as websites of today.
- A piece of code that can be run on a blockchain network like Ethereum which holds money that can be released when some specified rules are met.
- The code is open source and available for the public to see.
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