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What was Web 1.0?
Web 1.0 consisted of simple and static web pages with text, images and links. -
What is a smart contract?
A smart contract is a programmed set of conditions to initiate a transaction. For example, if your son achieves a grade of 80% or greater in his math class then he will receive 0.5 eth. -
How is transparency achieved with ethereum code?
Transparency is achieved in ethereum code as it exists on the blockchain which is open and publicly viewable.
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- Web 1.0 refers to the first generation of the World Wide Web, which was largely a static and read-only medium with limited user interaction. Websites during this period were typically basic HTML pages with limited multimedia content and lacked the dynamic, user-driven features that are common today.
- A smart contract is a computer program that automatically executes the terms of a contract when certain conditions are met. It is essentially a self-executing agreement between two parties that is stored on a blockchain network, enabling the automation and decentralization of contractual agreements.
- Transparency is achieved with Ethereum code through the use of a public, decentralized blockchain network. All transactions and contracts executed on the network are recorded and can be publicly accessed and audited, ensuring transparency and accountability. Additionally, the code itself is open source, meaning anyone can view and verify the code that underpins the network, further increasing transparency and trust in the system.
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What was Web 1.0?
Web1 was when you could only read things on the internet but you could not write.
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What is a smart contract?
A smart contract is a piece of code that lives on a blockchain network, like Ethereum. A smart contract cannot be modified after itâs been deployed, it is unstoppable, and can own and manage money according to the rules it contains.
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How is transparency achieved with ethereum code?
Ethereum is a public blockchain, so everything can be verified in a transparent way.
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What was Web 1.0?
its static version of the internet where sharing links and images was not possible but only texts -
What is a smart contract?
A smart contract is a self-executing contract with the terms of the agreement directly written into lines of code. It automatically executes the predefined actions when certain conditions are met. Essentially, itâs a piece of code that runs on the Ethereum blockchain, and its execution is distributed across the network of computers participating in the Ethereum network. -
How is transparency achieved with Ethereum code?
Ethereum code/smart contracts are also immutable, meaning they cannot be altered once deployed on the blockchain. This ensures trust and eliminates the risk of fraudulent activity.
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What was Web 1.0?
Web 1.0 is the first version of the web. Website were only able to show contents like text images, but there were no interaction with the user. HTML was the only technology at that time After the Introduction of Java script, websites start to become interactive: private areas forms, social media. The web became web 2.0.
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What is a smart contract?
Smart contract is basically a program , written in solidity code, that runs on the ethereum network. Once written and deployed, itâs automatic, it cannot be stopped. It is visible from everybody in the network. You can program a money transaction that automatically happen at a certain conditions, written in the smart contract itself
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How is transparency achieved with ethereum code?
transparency is achieved from the fact that the smart contract is visible from everybody in the entire net work. As in the bitcoin, Blockchain, due to the consensual mechanism, mining process, you donât have to trust in no one just in mathematics and technology. You can verify by yourself anytime
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- Web 1 was the static version of the web that we know right now. Javascript changed that.
- A piece of code that runs on the Ethereum blockchain.
- It is achieved by storing everything in the blockchain, every transaction.
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What was Web 1.0?
static sites, images, links and text only -
What is a smart contract?
Small pieces of unstoppable code written with Solidity -
How is transparency achieved with ethereum code?
Through open-source smart contracts on a public blockchain
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What was Web 1.0?
Early stage of world wide web development, where its basiclly informative and havely limited in options. -
What is a smart contract?
Its a small peace of code that runs on blockchain. It can own and manage money. -
How is transparency achieved with ethereum code?
With smart contract All information is visible.
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- Web 1.0 is defined as the sharing of information only through reading and sending information.
- Smart contracts are programmable contracts that can interact with assets both digitally and sometimes even in the real world.
- Ethereumâs transparency is achieved through open source code and viewable on the blockchain ledger.
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- What was Web 1.0?
- Web 1.0 was the initial static version of the internet where users only viewed pages. There was no interaction with it whatsoever.
- What is a smart contract?
- A piece of software run on a blockchain that only executes once the conditions stated within that program are met. Once implemented or deployed it cannot be revoked or altered
- How is transparency achieved with ethereum code?
- Code is public and is predicated on the donât run, verify provision of the blockchain protocol
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Web 1.0 is the first version of the global internet which is basically static webpage.
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A smart contract is a piece of program stored in the blockchain that executes when a predetermine instruction is met. Itâs basically used to automate the execution of an agreement without involving a third party.
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By the use of smart contract
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1. What was Web 1.0?
1st version of internet were data was static.
2. What is a smart contract?
lines of computer code allowing user to create a trustless contract on the eth blockchain⌠that when a certain condition is met, a certain result will follow.
3. How is transparency achieved with ethereum code?
a. Once on blockchain, a smart contract cannot be changed.
b. Viewable on blockchain(using etherscan)
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Web 1.0 was the Internet back in the beginning. Static HTML pages made up the majority of the content on the Internet subclass called âthe Webâ. This phrase became popular in 1999 when Web 2.0 was invented.
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Smart Contracts are comprised of computer code that is executable on the blockchain.
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All contracts are viewable on the blockchain through etherscan.
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Web 1.0 was the first iteration of the internet which was comprised of read-only pages which only contained text and images. These pages were static and internet users could not interact with any of the elements on the page. This was the state of the internet until the invention and implementation of JavaScript which led to Web 2.0.
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A smart contract is essentially a program that runs on the Ethereum blockchain. It is meant to be trustless - meaning that the parties that interact with the contract do not have to know or trust one another because the contract executes a transaction between parties only when certain conditions are met.
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Transparency is achieved via the real-time publication of all transactions on the Ethereum blockchain which can be viewed on etherscan.
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Web 1.0, the early era of the World Wide Web, existed from the 1990s to the late 1990s. It featured static websites with limited interactivity and user engagement. Personalization and dynamic content were minimal, and internet speeds were slower. Web 1.0 focused on information presentation, lacked multimedia, and relied on early search engines. Pioneering companies like Amazon and Yahoo played significant roles during this phase, setting the stage for the more interactive Web 2.0.
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Smart contracts are self-executing agreements written in code and deployed on blockchain platforms. They automatically enforce the terms of an agreement when specific conditions are met. These contracts are tamper-proof and run on decentralized networks, eliminating the need for intermediaries and increasing trust. They have diverse applications, from finance to supply chain management, and often involve cryptocurrency transactions. Users may need to pay gas fees for contract execution on blockchain networks, and while promising, smart contracts also face challenges like code security and legal recognition.
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hereâs a summary of how transparency is achieved with Ethereum code in five sentences:
i) Ethereum operates on a public blockchain, making all transactions and smart contracts publicly accessible and visible to anyone interested.
ii) The Ethereum codebase is open source, allowing anyone to review, audit, and contribute to the code, ensuring it is not controlled by a single entity.
iii) Smart contract code on Ethereum is open and transparent, and once deployed, it is publicly accessible on the blockchain for scrutiny.
iv) Tools like Etherscan and block explorers provide user-friendly interfaces to explore Ethereumâs blockchain, offering details about transactions, addresses, and smart contracts.
v) Ethereumâs use of decentralized consensus mechanisms and third-party audits of smart contracts further enhances transparency and trust in the network.
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Web 1.0 was static websites containing text, images, and links. There was no possibility of accounts, chat, or any other dynamic features that we have grown accustomed to today.
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A smart contract is a program that runs on the blockchain. It is essentially âprogrammable moneyâ and is fully transparent and trustless.
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The code is visible to everyone on the blockchain. Once the code is deployed, it is publicly visible, and self executing.
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What was Web 1.0? Web 1.0 was the first generation of the Internet, much like the very first model of a video game console. It was basic and limited, primarily used for displaying simple, static web pages. This version of the web was like a one-way street; information only flowed from the website to the user, like a TV broadcasting a show without any interaction from the viewer.
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What is a Smart Contract? A smart contract is akin to a vending machine in the digital world. Just as you select a snack, insert the correct amount of money, and the vending machine automatically dispenses your choice, a smart contract automatically executes the terms of an agreement once predefined conditions are met. Itâs coded on a blockchain, much like a program running on a computer, ensuring that once the âprogramâ is set, it canât be tampered with or changed, ensuring a high level of security and trustworthiness, similar to a safe that only opens when the right code is entered.
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How is Transparency Achieved with Ethereum Code? Transparency in Ethereumâs code is like playing a multiplayer game where everyoneâs actions are visible to all players. Every transaction and piece of code is recorded on a blockchain, a shared ledger thatâs like a communal game log. This log isnât stored on just one computer (or server) but is duplicated across many, similar to how a multiplayer game syncs data across different playersâ devices. This setup ensures that all actions (like transactions or smart contract executions) are open and visible to everyone in the network, making it nearly impossible to cheat or alter the recorded information, much like how actions in a multiplayer game canât be hidden from other players.
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- What was Web 1.0?
The dark ages when you only had HTML. web was static, you could only change the page you own. You couldnât create an account, comment etc⌠- What is a smart contract?
unstoppable code that can be run and verified by network participants of a blockchain 2.0. - How is transparency achieved with ethereum code?
The EVM runs everything and the ETH blockchain records all transactions. You know what runs when and you know that the transactions that come from it can be trusted.
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What was Web 1.0? Web 1.0 refers to the early stage of the internet when the user was only able to access or share data to be read only. There were no features that allowed the user to interact with another user aside from sharing data.
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What is a smart contract? A smart contract is computer programming code(s) that directs the EVM to perform specific tasks based on specified conditions being met without involving intermediaries. It is also an address on which assets are held in escrow or deployed to another cryptocurrency wallet as the conditions of the contract are in process or confirmed.
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How is transparency achieved with ethereum code? Transparency is achieved with ethereum code as each smart contract clearly shows the parties involved in the contract, the dates, funds, and conditions of the contract. There is no manipulation once the contract is validated.
It was static with only images and text to store information and no chat or accounts
It is a contract that gets triggered on certain conditions. e.g. deliver if payment is received
The contracts are stored in blockchain visible to all