AI Explanation
This code defines a JavaScript class `MyClass` with a constructor and a method. 1. The constructor of the class takes a `property` parameter and assigns it to the instance property `this.property`. 2. The method `method()` is defined within the class, but its implementation is not provided in the given code snippet. Afterwards, an instance of the `MyClass` is created with the value `'value'` passed to the constructor. This instance is stored in the variable `instance`. In summary, this code creates a class named `MyClass` with a constructor that assigns a property and a method that is left unimplemented. An instance of this class is then created with a specific value passed to the constructor.