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Web 1.0 is what the first phase of the Internet is called. Web 1.0 only contained static websites without any form of interaction.
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A smart contract is a small piece of code that runs on the blockchain. Smart contracts can hold money and define what to do with it (= programmable money).
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Transparency on Ethereum is achieved because the code is visible for anyone to see. This removes trust because everything can be verified.
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Web 1.0 was the internet before Javascript. We had static websites which only included text and basic media. Javascript brought about dynamic websites with interactivity.
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A smart contract s a small piece of code that can hold money and you can program what to do with that money.
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Transparency is achieved through the use of smart contracts, the money will only do what it is programmed to do. This would remove government corruption as there are no middlemen controlling it.
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- What was Web 1.0?
Basic static websites containing texts, images and links. Can only be used to read and share information.
- What is a smart contract?
Small pieces of code on the Ethereum blockchain using the programming language Solidity. Transactions are transparent and the contract is self executing once pre set conditions are met.
- How is transparency achieved with ethereum code?
Through a smart contract, transparency is achieved by programming a code that will hold and own money and then decide what to do with the money. These decisions are done trustless without middlemen
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- What was Web 1.0?
The internet without a programmable browser. With web 1.0, you were only able to create and see
- Text
- Images
- Links
- What is a smart contract?
A piece of code that takes out trusting of the other party of an agreement.
- How is transparency achieved with ethereum code?
The TX’s is open on the blockchain and it is not possible to change an agreement later on. When it’s deployed, you can not change it.
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Ethereum Intro
1. What was Web 1.0?
static web pages, slow internet connections, could display basic text, images, files.
2. What is a smart contract?
“Smart contract” is a term used to describe computer code that automatically executes all or parts of an agreement and is stored on a blockchain platform.
3. How is transparency achieved with the 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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- A static website
- Smart contracts are self-executing contracts containing the terms and conditions of an agreement among peers. The terms and conditions of the agreement are written into code.
- The contract is visible to anyone on the blockchain an can not be changed.
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Homework: Ethereum Intro
- web 1.o was static web pages with text, images and some links
- smart contract is a piece of code that self executes on the blockchain, making the blockchain dynamic and programmable
- everyone can look at code on the blockchain. it runs the way it is written. everyone knows what the parameters are and can trust that things work in a predictable manner because the code cannot be changed. this removes second guessing how things operate and removes the need to trust third parties.
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Web 1.0 was the type of “static” websites which were purely informative with no interaction from the user. Contained just text and pictures as well as links.
A smart contract is a code that is able to execute programmed actions when conditions are met.
Smart contracts are transparent because everyone can look into the execution, verify information, there is no middle man or entity to trust.
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- What was Web 1.0?
It was a time of static web sites with very little interactive behavior.
- What is a smart contract?
It is a program that controls money.
- How is transparency achieved with ethereum code?
Smart contracts are public and can be verified on a trustless blockchain.
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The term used to describe the first phase of the internet. Web 1.0 was characterized by static HTML pages that lacked interactive features like comment sections, like/dislike buttons, and recommendations. Javascript was the programming language that help make the more interactive internet we are accustomed to today.
A collection of code created to implement the predetermined rules of a digital contract without the need for a third-party.
Transparency is achieved in much the same way as Bitcoin via the blockchain. On Ethereum, both transactions and smart contracts are placed in blocks for everyone on the network to see. In the case of smart contracts, anyone can see the code. However, smart contracts are immutable once deployed, so while people can see the code for themselves they can not change the contents or features of a contract.
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What was Web 1.0?
Static websites.
What is a smart contract?
Code running on the Ethereum blockchain.
How is transparency achieved with ethereum code?
The code of each Smart Contract is visible for all to see.
Also the in/out streams of money to the Smart Contracts are visible.
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It was a movement messages only and nothing fancy. Web 2.0 made it possibly to build websites and programs on it.
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A contact that will execute itself once the conditions are met or not met.
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Blockchain
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First version of the web, where only text images and links were possible
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It’s code that runs on the blockchain 2.0
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Like transactions in blockchain 1.0, Ethereum code, once reached consensus on the blockchain 2.0, is immutable and transparent
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1 Static Website where only can send text , images or link very basic.
2 Smart contract is based on codes on the Ethereum blockchain that gives a specific details of the contract where you do not need a third person to ensure the contract is fulfil .
3Transparency is archive because all smart contracts are on the Ethereum blockchain for everyone to revised and control. This contracts are written in Solidity language
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What was Web 1.0?
Web 1.0 is the old version of the internet. -
What is a smart contract?
A smart contract is an irreversible code contract on the Ethereum blockchain and that will perform pre-established actions when these are met. -
How is transparency achieved with ethereum code?
With ethereum code all the transactions and actions can be seen and check from everyone in the blockchain network.
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- What was Web 1.0?
Web 1.0 was the very early and “static” version of the Web, where web pages were basically composed by only text, images and hrefs. - What is a smart contract?
A smart contract is a piece of code which runs on a blockchain, which then allows a blockchain to use scripts and consequentially allows “programmable money”. - How is transparency achieved with ethereum code?
The Ethereum source code is transparent and visible to everyone, as well as the smart contracts running on the Ethereum blockchain.
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What was Web 1.0?
It was a network of of static, non-interactive websites -
What is a smart contract?
A smart contract is made up of code used to determine what will happen to funds deployed on the blockchain. -
How is transparency achieved with ethereum code?
Since its code is deployed on the blockchain, being verified by decentralized nodes and miners, it provides a trustless environment that provides transparency.
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- Web 1.0 is the first generation web which consisted of links, texts, and images.
- A smart contract is a small piece of code that runs on the Ethereum network that uses Solidity. It programs assets and money without third party.
- It is achieved because of publicness of the ledger. All can see and audit the blocks.
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Web 1.0 was static website with very limited interactions
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A programmable code that uses solidity, it can do many things including holding money.
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By allowing everyone to view the code so don’t not have to trust they can verify.
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What was Web 1.0?
R: Web 1.0 is the first stage of internet where the only representation was only texts, images and links. -
What is a smart contract?
A smart contract is a peace of code that runs on ethereum blockchain. Controls funds based on the rules defined in the code. -
How is transparency achieved with ethereum code?
Using a public blockchian where everyone can verify it.
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