In web 1.0 the system was very limiting with static websites text images and links
A smart contract is a collection of code that can be deployed and have autonomous behavior to carry out specific tasks.
Transparency is achieved by having the code available for everyone to see
What was Web 1.0?
The first generation of web, consisting text, images and links - no interactivity
What is a smart contract?
Code that runs on the Ethereum network and it executes programmed instructions. It removes the middleman. The smart contract is not changeable.
How is transparency achieved with ethereum code?
Just like in blockchain, the transaction is transparent can be viewed by anyone.
Web 1.0 was the first generation of internet. Web 1.0 was only capable to show you e.g. text, image and links, but cannot handle complex tasks (like chat, video, etc.)
A smart contract is a piece of code that is run on the ethereum blockchain, which cannot be modified.
With smart contracts everything is programmable, so no third-party involvement is required. E.g. if I want to send money to a person, if some circumstances are met, then I can code it in the smart contract and send money on it. This person only receives the money, if these circumstances are met. As the code is part of the eth blockchain, any transactions, which were executed by a smart contract, can be seen on the chain.
1. What was Web 1.0?
The first genaration of internet characterized by being static, supporting simple text, images and links.
2. What is a smart contract?
A Smart Contract (SC) is a small piece code (using solidity as programming language) that run on Ethereum Blockchain. In a simple way, with a SC we can program the conditions for output the previous input Money.
3. How is transparency achieved with ethereum code?
The transparency is achieved by the fact that anyone can see the SC and what is happening.
Web 1.0 was the first version of the Internet where only static webpages (text and photos) existed
A smart contract is a bit of code that runs on a blockchain as part of a transaction, as with Bitcoin, once a transaction has been broadcasted, it is irreversible.
Transparency is achieved with Ethereum code as it is part of a transaction on a public blockchain which can be verified and inspected
1- Websites were static, only shows text, images and links - only read and share information
2- Ethereum’s main value. Small pieces of code that run on the Ethereum blockchain.
3- A smart contract can be programmed so that it can be unstoppable, you can see who is sending and receiving money through smart contracts. Smart contracts can be programmed where they can own and decide what to do with the money based on parameters in the code that is programmed. A middle man is not required and it takes away the intermediaries and removes the trust element.
What was Web 1.0?
The first implementation of the internet. Static, text, images, links.
What is a smart contract?
Code that runs on a blockchain.
How is transparency achieved with ethereum code?
Using Solidity programming language, smart contracts are written to the Ethereum blockchain, which is visible to everyone.
1- Web 1.0 was the first version of the internet. It was very simple and was only powerful enough to show text and images.
2- A smart contract is a feature on etherium and some other coins that allows the user to establish money and terms that can’t be changed. For example, you can put 2 ether in the smart contract to earn 1000% interest in Yam. Then the smart contract gives you the YAM tokens guarranteed by the contract . Then you dump your bag for sweet gains and remember that 18 hours for the rest of your life.
3- The main purpose of govt and the rule of law is the upholding of contracts. This is a vital function of society to keep man from doing the crazy things that man does. The only problem is that man runs the govt and this limits any benefit that a benevolent organization like the govt could be. The people in charge of the govt will always use the govt to benefit themselves, this creates distrust and pits the govt against its own people. Thus making the govt less effective.
Insert smart contracts that can’t be changed. Also people won’t suspect the smart contract of bias and or trying to dominate anyone side. The smart contract replace the govt as a truly benevolent institution. This would help to reduce tension and wars.
1.What was Web 1.0?
Web 1.0 was the internet in it’s earliest stages. It was static websites that only showed text, low quality images and links. The only thing anyone could do on it was to share information.
2.What is a smart contract?
A smart contract is small pieces of programmable code that run in the ethereum blockchain. A smart contract is programmed to own and only release money or items of value like property to whoever the contract states it will send these things to, only after certain criteria have been met.
3.How is transparency achieved with ethereum code?
Greater transparency is achieved due to the fact that all contracts and governmental programs will no longer depend on human error or can be subject to human corruption. This is due to the fact there is no way to get whatever is promised in these contracts out to anyone else but to whoever the contract is programmed to send to. Also this can only be after certain criteria/requirements are met depending on how the smart contracts are programmed. It is an extra layer of security on top of the massive amount of security already supplied by blockchain technology.
Earlier form of internet, which allowed basic communications and exchange of basic transmission was known as web 1.0.
A contract that exists solely on blockchain and programmed to be activated on upon reaching contracted requirement are called Smart Contract.
Ethereum Code is open to public to see and examine the process of a contract execution. POW provided a guaranty that contract requirements are unchangeable.
Web 1.0 used static images and text links and had little interaction with users.
A smart contract is a small and unstoppable piece of code using Solidity.
Transparency is achieved by being public and having audit ability.
1 Very Basic websites ,no chat or advanced features
2 a way that that you can program your money to do a certain task or behave in a certain way.
3 everybody can view the code and past instructions or transactions cant be canged
What was Web 1.0?
Was the beginning of internet, without chats or users interactions, just static images and text links.
What is a smart contract?
Smart contract is an unstoppable piece of code, with Solidity code language, which can be used to make transactions, in our time or to be programmed it to future, with or without conditions and with no middleman needed.
How is transparency achieved with Ethereum code?
Transparency is guaranteed by being an open public code and because no one can change past transactions.
Just basic static websites that were used for sharing information.
smart contracts are programmable contracts deployed to the blockchain that has specific set of instructions and requirements that need to be fulfilled before the contract is executed.
transparency is achieved by making the code open sourced so everyone can review and understand what eth is built upon. Everyone is also able to see the transaction history with a service like block explorer.
what was web 1.0?
static web sites that didnt interact with the users … they just displayed different types of information such as text, images, links an so on
what is a smart contract?
its a piece of code that may or may not hold money and decides what to do in the way it is programmed to do it. The smart contracts are written in Solidity language.
how transparecy is achieved with ethereum code?
my understanding is that ETH code is open source, and many of the tools to develop are also open source, so adding to that that the blockchain is public, which means that everybody can see and know what has happened into the past, then transparecy can be achieved
