Web 1.0 was the first version of the internet. Web pages were read only, mostly text with some links and images.
A smart contract in a relatively small amount of immuntable and transparent code put onto the blockchain that will self execute its action/s once the programed requirements are met.
How is transparency achieved with ethereum code?
Ethereum code is open source and displayed on the blockchain for anyone to see.
Answer 1:
The first stage of the internet, which was entirely made up of web pages connected via hyperlinks.
Answer 2:
A program on the block-chain.
Answer 3:
Anyone can verify the state of a SC, and to change to the next state requires consensus.
Q1: Web 1.0 can be consider the first iteration of the internet with web sites consisting of static web pages, text, images. Very limited functionality and interaction.
Q2: A contract is a legally binding enforced agreement between two or more parties. It governs the rights and duties of performance. It can be written or oral.
Smart contracts are therefore programmable ways of bringing written contracts to the internet/blockchain in such a way that they can facilitate, verify and enforce transactional performance without the need of an intermediary or third party.
Q3: Because Ethereum is an open source, public decentralised, permissionless, immutable, blockchain all code, including smart contract and the state of a smart contract will be stored by all participating nodes on the network. This makes it highly transparent with not even Donald Rumsfeld able to lose $2.1Tillion of the public purse.
1- Web 1.0 provides for static Websites, text, pictures, links, etc⌠It is not dynamic and cannot be interacted with or adapt to the user. Basically a 2 dimensional version of Web.
2- Is an immutable, permanent contract written into ETH blockchain. SCâs are completely adaptable for any use.
3- âDo not Trust, Verifyâ⌠The smart contract is visible and verifiable to all users. Users all know what is written into the SC and are insured that it will be followed and is completely immutable.
Web 1.0 was the first stage development of the WWW. These web sites consisted of static pages that could not be interacted with.
A smart contract is a computer protocol that holds something of value that will only be released when certain criteria is met. This protocol will allow transactions to be made without the necessary need for trust of a third party.
Etherium code is imbedded in the blockchain. This blockchain similar to Bitcoinâs is open source, immutable and verifiable.
Static web pages and sites you could not interact with
A smart contract is a self executing Trustless Programmable code that receives, sends, and stores money depending on the rules set in that program. You cannot get money out of a smart contract unless you satisfy the rules coded into it. They need no middle man and allow trust between parties that donât know each other you trust the technology/maths not a person
How is transparency achieved with ethereum code?
Code can be self executing and There is no way to reverse or change the behaviour of the smart contract once deployed so no 1 malicious person or entity can make changes or errors. The code is also open source so anyone can look and check or analyse the code
It was an earlier version of the internet where web pages were only able to be created statically; there were no moving or interactable parts.
Smart Contracts are programmable transactions, you can program transactions to happen when your programmed goal has been satisfied.
Because everyone can see your code, and knowing that you are unable to change it because it is on the blockchain, provides people with such a new level of transparency.
What was Web 1.0?
The first version of the internet with static websites where there were only text, image, and links available leaving the user with little options.
What is a smart contract?
A small piece of code that can send unstoppable transactions which cuts middle men.
How is transparency achieved with ethereum code?
The source code for the smart contracts are publicly available for everyone which makes the ethereum code in favor of transparency.
Static boring Websites.
Ethereum is a smart contract using a programme called solidity.
Using a smart contract. Transparency is achieved by using blockchain.
The internet before javascript. It was very limited, just images and links. Javascript allowed us to programme websites and make them more interactive and carry out more technical tasks.
A piece of code that is programmable. It can carry out certain tasks without any third party controlling it.
By deploying and broadcasting S/C on the ETH network for all to see.
1: Web 1.0 was the first version of the internet where you could only see information but not really interact with it. This was changed with JavaScript.
2: A smart contract is a small piece of code that run on the ethereum blockchain, which everyone can create and deploy with Solidity.
3: Smart contracts are unstoppable - cannot be shutdown - and everyone can always see what is happening to a smart contract in terms of transactions.
Web 1.0 was a static version of the internet. It had only text, images and links.
Smart constract is a small program that is stored in the blockchain. It can be used to programmatically determine the terms, according to which money is used.
Smart contracts are stored in the blockchain, so that they canât be changed or stopped.