Homework: Web3.0 and Tokens

Ethereum 101
#181

Homework: Web3.0 and Tokens

What are the benefits of web 3.0 (decentralized internet)?

  1. A decentralized internet is more secure
  2. A decentralized internet cannot be taken down
  3. It provides the possibility for creators of the new standards to get paid for their efforts.
  4. It allows for a whole range of services to be provided by new startup’s with the possibility of taking a chunk of the monopoly being held by the googles and microsofts of the world.

What is a token?

  1. A token can be anything we can imagine that could be termed as having value.
  2. A token can be a digital asset.
  3. A token can be a database entry with a smart contract on the blockchain.

How do you create a token on Ethereum?

A token is created by creating a smart contract which is written using the ERC20 standard which defines the language of the protocol all dApps will use on the network.

#182

Homework on Web 3.0, and Tokens - Questions

  1. The benefits of Web 3.0 is that smaller companies will have more opportunities and to be able to run against bigger companies.

  2. A token is a smart contract on the Ethereum blockchain that is fungible or non fungible.

  3. You can create a token on Ethereum by creating a smart contract using one of the standards.

#183
  1. capture of value will not go to the big boys like Google FB etc but too the makers of the DAPPs.
  2. its a cryptocurrency built on the etherium blockchain.
    3 All you have to do is follow a standard template on the blockchain - such as on the Ethereum or Waves platform - that allows you to create your own tokens.
#184

Yeah, It doesn’t even has to be an ERC20 standard, Just a little bit of code in a smart contract. but it’s always best to use some ERC standards if you want everyone to be able to use it easily

#185

1- Dapps running on blockchains evens the playing field the big monopolies have.

2- A Dapp running on Ethereum

3- Using ERC20 rules

#186

  1. The benfits of web 3.0, decentrelized internet are: They give the small companies a real chance to compete with big monopol companies, early adopters benefit a lot as they get rewarded for using the new medium, so they are tempted to do more and earn more.

  2. A token is in essence a smart contract built on top of a big coin platform such as Etheraum.

  3. One can create a token on the Ethereum platform by following the guidelines of ERC20, write a smart contract and connect it to the Ethereum platform.

#187

Users are incentivized for interacting with the dApps on the Ethereum network, rather than the application running on the internet receiving all of the credit for the traffic it receives.

A token is a smart contract written on the Ethereum BC that uses one of the ERC interface languages. These are both fungible and non-fungible depending on which language you choose to create the token on.

After the line of code is created it needs to be deployed onto the Ethereum BC.

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#188

  • What are the benefits of web 3.0 (decentralized internet)?
    on web 3.0 we add an additional layer to the standard internet structure, the value layer; utilizing smart contracts on a web based structure and soding creating a dapp a lot of new possibilitis open up. the model on which they are built give the possibility (thanks to networking) to small new companies to compete with all the giants in the space, since the model offer higher incentives to early adopters and taper off poportionally to the growth and the popularity(value) of the network.
    web 3.0 also give anyone the possibility to invest on this new field and monetize the success of the blockchain space, unlike was in the web 2.0 where all the underlyng protocol were not able to generate any earning.

  • What is a token?
    a token is a programmable digital asset that can be fungible or not fungible, that is developed using a smart contract on top of a platform (like ethereum, eos, cardano, etc)

  • How do you create a token on Ethereum?
    we creathe tokens on ethereum platform deployng a smart contract on the main chain. to do that we lock down some ether in our contract, this ether is gonna be used to mint tokens(taking count of the value we established on the S.C. for total supply) and to pay gas(used to pay the executions of every action on the S.C. ecosystem)

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#189

  1. Some of the benefits of Web 3.0 include that it provides an environment in which it is much more possible for small enterprises to succeed. Also, on the individual level, it allows more people to profit from the contributions that they make by offering their own content.

  2. Tokens are assets which offer specific uses and reside on the blockchain.

  3. You create a token on Ethereum by writing the code for a smart contract using the ERC209 format.

#190

1. What are the benefits of web 3.0 (decentralized internet)?

  • Less centralization of applications, less centralization = more secure network.
  • For the 1st time in internet history, the protocol level capture most of the network value (economic), since all applications runs on top of the protocol it allows developers to directly reach users.
  • Dapps and Tokens comes with web 3.0, the ability to build an entire experience of interacting with an unique economic model (smart contract that fits your needs).

2. What is a token?
Its a digital asset with an unique use case for an smart contract.

3. How do you create a token on Ethereum?
By programming an smart contract with the ERC20 Standard features. (thats the one who define how to build a token, or the rules you must follow to)

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#191
  1. Not dependent on the tech giants who capture all the value of the network.
  2. A cryptocurrency on a smart contract platform
  3. Be deploying a smart contract on the Ethereum network in a standard accepted by the Ethereum network (ERC20, ERC721, ERC1155), you can create a new token.
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#192
  1. What are the benefits of web 3.0 (decentralized internet)?
  • Gives the chance to different actors (developers) to create Dapps and websites that can run on the Ethereum protocol.
  • The economic incentives that today are captured by big corporations can go directly to the content creators and its users thanks to the creation of different economic models (the use of tokens in order to purchase anything from apps to games).
  • Each dapp can deploy a wallet with tokens that are supported by the protocol.
  • It will make internet smarter
  1. What is a token?
  • A token is a unit of value that exist on an existing blockchain, for example on ETH.
  • They are created as part of a smart contract or they are the smart contract.
  • It can fungible and tradable (ERC20) or non fungible (NFT) for games (ERC721, ERC1155)
  1. How do you create a token on Ethereum?
  • A token can be created as an smart contract using the ERC20 standard using Solidity language.
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#193
  1. What are the benefits of web 3.0 (decentralized internet)? One benefit is it creates wealth for web sites like Steemit and incentivise users.
  2. What is a token? A token if a fungible or non fungible built on ethereum.
  3. How do you create a token on Ethereum? By writing a smart contract.
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#194

  1. Web 3.0 captures the value at a protocol level, which favours all the users of the platform and not a central entity.

  2. A token is a fungible or non-fungible programmable digital asset, which is created by a smart contract on top of a blockchain protocol such as Ethereum or EOS.

  3. Tokens on the Ethereum network are created by smart contracts, which adhere to specific standards such as ERC20, ERC721, ERC777 or ERC1155.

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#195
  1. Internet money; financial incentivize for people participating in the network ; no middleman required anymore
  2. A digital asset
  3. By implementing/creating smart contracts
#196
  1. Web 3.0 will allow us to create decentralized applications, programable values and smart contracts.
  2. A token is a digital representation of value governed by a algorithmic protocol.
  3. Token on Eth is created with an ERC20 standard.
#197
  1. It brings economical incentive to the users to engage with the network. Which makes being an early adopter a good opportunity.
  2. The token represents a particular fungible and tradable asset or a utility created over an initial coin offering that is often found on a blockchain.
  3. You can create them as a smart contract that lives on the Ethereum Blockchain.
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#198
  1. A decentralized internet is beneficial than previous versions in the sense that it lets users,content creators and early adopters capture the value, as opposed to single companies monopolazing and capturing all the value (Facebook, Google, etc)
  2. A token is an asset created on a smart contract platform, it can be fungible or non fungible
  3. By using smart contracts
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#199

  1. The benefits of a web 3.0 is that there can be different websites on the internet that can have their own cryptocurrency and economical model, transforming the web in a more dynamic place. Small companies will be able to compete with giant corporations because of the network effect, where early adopters are financially incentivized (through accumulation of tokens and future financial value) to bring more adopters to the network.

  2. A token is unit of value, a digital asset, created through a smart contract on an existing blockchain.

  3. A token is created on Ethereum by writing a smart contract using a ERC-20 standard.

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#200

  1. Value is captured at the protocol Level not like in Web 2.0 where the value is only “given” to the Companie´s like Google or Facebook

  2. It´s a fungible or non fungible digital asset created on a Blockchain like Ethereum

  3. By using or creating a smart contract on Ethereum

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