- Web 1 was the internet before javascript where we had static websites with text and images.
- A smart contract is a contract on a blockchain where nothing can be changed afterward.
- Ethereum code removes the middle man and so every thing executes according to the smart contract.
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1. What was Web 1.0?
- Web 1.0 was the very first Web version and was completely static. All information was the same for everyone and there is no way for it to change.
2. What is a smart contract?
- a smart contract is like a transparent programmable online money that allows people to make transactions without the use of a middleman. This voids the need of trust among the people because the system controls the transaction. The people would only need to trust the technology, not the person.
3. How is transparency achieved with ethereum code?
- Ethereum code show the whole transaction to all parties to allow monitoring of the transaction. This is the transparency of ethereum that allows people to trust the technology because they can see every step of the process.
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- web 1.0 was the static internet of the late 90’s.
-You could display text, images, and links
-You could share basic information - A smart contract is code that runs on blockchain network
An example of this could be a smart contract on the Ethereum network that splits your total supply of
Ethereum between a list of addresses you chose if you die. No middleman is involved, as the agreements to any rules are written in the smart contract code. Once on the blockchain it can’t be changed, or meddled with. - Transparency is achieved with Ethereum code because the blockchain is built off the same peer-peer node system bitcoin is. Transactions are validated miners, and spread across by nodes on the network, and the history of transactions are public, and immutable.
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1. What is Web 1.0?
- Web 1.0 is the first generation of the world wide web or internet that only allowed users to read information and not interact with webpages.
2. What is a smart contract?
- A smart contract is an unstoppable automated program on the blockchain that will run a specific set of code when certain parameters/conditions are met.
3. How is transparency achieved with ethereum code?
- The ethereum code shows all transactions and smart contracts therefore achieving transparency with its users.
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Web 1.0 was the early version of the internet were users could only read, but not interact, with websites.
A smart contract is self-executing code that sets the terms for when and how money (and data) should be transferred in a dapp.
Transparency is achieved with Ethereum buy making transactions transparent, and buy solidifying the terms of transactions with smart contracts. This can create a level playing field between users and issuers.
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- What was Web 1.0?
In this version of the internet the users were only able to read. The internet pages were static.
- What is a smart contract?
A smart contract is code that is deployed and executed on a layer 1 blockchain (ex. Ethereum, Elrond, Solana, …).
- How is transparency achieved with ethereum code?
The deployed code can not be changed once it’s deployed. The transparency is achieved by making each interaction transparent.
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1 - Static simple websites - old style from early days of internet, mainly text, limited pictures and not interactive.
2 - A short piece of code that creates dynamic and programmable blockchains, it can hold programmable assets/money and decide what to do with it.
3 - The code is publcly avialble on the block chain. Anyone can see who is sending and who is receiveing funds, it is ‘unstoppable’ in that it cannot be changed.
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- What was Web 1.0?
Web 1.0 is static, text, image, link,
And has no chat, no diff account, but on;y for only reading and sharing info.
- What is a smart contract?
Small pieces of code that run on blockchain. Solidity is the language that can program this code and deploy on ethereum network.
No one can stop the operation of the smart contract.
We can see who’s sending and receiving money from our smart contract. We can also program the smart contract in a way that what we wanna do with our money, for example when to send money.
- How is transparency achieved with ethereum code?
No one can change the input or record in the ethereum code. If someone does change it, they have to change the info in the block and the blocks after it. So we don’t have to trust anyone, we only need to verify it in the blockchain.
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What was Web 1.0?
static websites; only able to read (text and basic images) using hypertext HTML -
What is a smart contract?
programmable money; a contract that is immutable and transparent; nobody can alter the contract. -
How is transparency achieved with ethereum code?
although the contracts are immutable, no body can change the conditions, the contracts are visibie in the blockchain (transaction amounts, fees, addresse) and option to reduce corruption
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- You could only upload information. Web 1.0 was not dyanimc
- A smart contract is a small piece of code with programmed conditions
- Everyone is able to see how the smart contract is behaving. The blockchain does not change.
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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.
How is transparency 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.Mar 23, 2016
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- What was Web 1.0?
Web 1.0 only allowed users to read text and visual images not allowing for interaction.
- What is a smart contract?
Pieces of code. You are able to program exactly what you are going to do with money.
- How is transparency achieved with ethereum code?
The transparency is achieved because the transactions are available to the miners and nodes to see. The transactions are validated with the process of accepting the transaction and no third party is needed. The blockchain shows the history in a chronologic order and it cannot change.
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A static website where you can only show text, images, links, and nothing dynamic like accounts, chat, or anything that java script enables.
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It’s like an escrow service but without intermediaries. One can program it with specific rules; no one can change it, and everyone can see it.
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It is the same principle as in bitcoin - anyone can see transactions on the Ethereum blockchain. It is decentralized and immutable.
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What was Web 1.0? Web 1.0 was the first iteration of the internet with only the ability to display static text, images or links.
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What is a smart contract? A smart contract is a piece of code deployed onto the block chain that holds funds until specific criteria are met, at which point the funds are released to the recipient(s) specified.
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How is transparency achieved with ethereum code? Similar to BTC, transactions are readily viewable on the blockchain so anyone can see them but not go back and change them.
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- What was Web 1.0? It is the original static version of the internet before JavaScript was introduced making the internet more dynamic and interactive
- What is a smart contract? code deployed using Solidity on Ethereum allowing for money transaction to interact in a trestles manner once certain circumstances are met . Like in the example of inheritance , you can program in such a way that if certain criteria is met ( like lack of interaction for several years) that that funds can be deployed to children etc
- How is transparency achieved with ethereum code? Smart contracts are open source code and are intended to be free of outside influence such as governments . As the mottos goes, “don’t trust ,verify ! “ and this is the foundation of blockchain tech .
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What was Web 1.0? A static website containing text, images and links (non-dynamic).
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What is a smart contract? A piece of code that can be programed to set criteria to meet a specific goal/outcome. Once deployed it immutable, trustless and transparent.
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How is transparency achieved with Ethereum code? Transactions on the blockchain can be verified on an explorer. Once the consensus mechanism method is reached and the block added the to chain, the information on the blockchain is immutable.
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1.Web 1.0 was the first form of internet that existed, with it’s static form, we could only text, read and share information with it.
2. A smart contract is a piece of code that can be programmed with collateral and given instructions to execute on the blockchain.
3. Through the operations of the smart contract on the blockchain.
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- What was Web 1.0?
Web 1.0 was how the Web was at the beginning. It was static, information was portrayed for the user to consume, and there was no interaction between users. - What is a smart contract?
A smart contract is a small piece of code that interacts with the blockchain that can hold money, making money “programmable”. - How is transparency achieved with the ethereum code? Through the proof of work process that makes data immutable.
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It was internet protocol witch was used till web 2.0 was invented. In web 1.0 allowed things was pictures, text, links.
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Smart contract is base of the ethereum. Smart contracts are written with specific mission, example health insurance, people only can withdraw money from contract if they have health problems.
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Same as bitcoin, with PoW. Every transaction can be seen by anyone. Smart contract code is free to read, so you could know for what purpose that contract was made.
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1 a very static internet, composed of images text and links
2 a piece of code
3 everything is written in the blockchain “stone”
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