There is no third party involved. Smart contracts control that everything is fair.
2.
A token is a Dapp build on top of the blockchain
3.
Created by writing smart contracts
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[quote=âfilip, post:1, topic:8447â]
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What are the benefits of web 3.0 (decentralized internet)?
That we are able to capture the value on the protocol level which web 2.0 failed to do. -
What is a token?
Programmable digital asset/cryptocurrency that is developed using a smart contract -
How do you create a token on Ethereum?
ERC20 Standard. A smart contract on the Ethereum blockchain.
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Eliminate the monopoly of companies on the internet. With Web 3.0 the value goes to the users and the protocol.
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A token is a unit of value created on the ETH protocol, tokens can be fungible or non-fungible.
3.They can be created by programming a smart contract on ETH
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- Itâs that small companies can now compete with big ones because of the incentive made possible using blockchain, it also peer to peer so much faster and cheaper by cutout the middle man.
- Itâs a fungible or non-fungible digital asset thatâs created on EOS or Etherium.
- Using smart contracts.
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- Web 3.0 gives small companies the possibility to compete with bigger ones because they can offer Incentives for early adopters.
- A token is a digital asset created on a blockchain, like ethereum.
- A token is created on ethereum using smart contracts.
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- Transparency - ability to see the code for most dapps you interact with is cool. And if you donât know code, you can ask people and know that many people can read code, have read the code, and would spread the word (or hack the dapp), if the code was vulnerable. This gives more reason to trust the safety & integrity of what the dapp does with your data/ money etc.
- Cuts out middlemen - Though you have to pay transaction fees to process activity on the network, you donât have an entity charging you for access, allowing them to pay transaction cost + pocketing profit. Itâs more direct in this way. When are the Uber & AirBnB killers coming out? Hurry up man - we need it.
- Data Ownership & Sharing - It will be great when you can browse the internet, taking your identity and data with you everywhere. Logging in should be obsolete soon, as web3.0 allows us to pop in and out of sites, with our information in tact. Think metamask.
- Privacy - The ability to own several public keys and the ability to do things without being filtered through a centralized entity provides extra layers of privacy and autonomy.
A token is the native asset of crypto projects. They tend to, but donât always; have some use within the operation of the project, such as payment for fees; in others, they are a claim to a share of profits. Tokens are created by the projectâs smart contract, built on a blockchain protocol
Tokens are created in the code of smart contracts. It would be the number bracketed in the Total Supply function.
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- value can goto the users,getting rid of the middle man , the internet haveing a money layer
early adopers are incentivised
2.a token can be fungiable or non fungiable on the ethereum or other networks - tokens can be created by useing the erc20 standard or erc721 via smart contract
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What are the benefits of web 3.0 (decentralized internet)?
A decentralized internet enables smaller companies to compete with large corporations like Facebook and Google who control the Internet and disproportionately skew access and bandwidth in their favor. -
What is a token?
An asset that can be used to start a process and/or be used as a means of exchange. -
How do you create a token on Ethereum?
Using a program like Solidity to program a Smart Contract then select a name for your Token;
- The Tokenâs Symbol
- The Tokenâs Decimal Places
- The Number of Tokens in Circulation
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The benefits of web 3.0 (decentralized internet) are there is opportunity for protocols to gain value instead of only the applications (Google, Facebook). Youâre also able to create your own cryptocurrency, economic model on platforms such as Ethereum and EOS to name a few.
a token is a smart contract that has been build on a protocol layer blockchain like ETH/EOS that follow most likly the ERC20 standard
Token can be create by writing a smart contract on the Ethereum blockchain by following the standard codes required, then executed by the EVM and validated by the blockchain nodes.
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1.A benefit will be that due to the decentralized nature & the incentives that users & specifically early adopters are provided (Steemit example), this will allow smaller companies to compete with the current tech giants & potentially eliminate the dominance that these entities currently hold. Also when users participate in the web 3.0 ecosystem, they will reap rewards from the engagement that they generate as apposed to how it currently works with Facebook, Twitter & Google, where the users are not customers (although a lot of them think they are), they are the product (more specifically their data) which is sold of by these big tech companies & they take 100% of the revenues that are generated.
2.A token is a representation of a smart contract (data base with in a smart contract) that is built on a specific block chain & are different to the native token of that blockchain. A Token can be standardized (adheres to ERC20 standards in terms of coding, etc & each individual toke is the same) & fungible as in the case of ERC20 tokes. You can also have tokens that are non fungible & that can vary, which are NFTs & are used for art & in game assets (ERC721/ERC1155).
- Use ERC20> Create Smart Contract code > Create Ethereum wallet with MetaMask > Get Ropsten Ethers > Edit the contract code > Deploy Contract Code on Remix > Publish and Verify Contract > Add token to your wallet
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- What are the benefits of web 3.0 (decentralized internet)?
Ability to compete with big companies, hard to impossible to shutdown application running in decentralized network - What is a token?
Digital asset created via smart contract - How do you create a token on Ethereum?
You can create token using smart contract in Ethereum
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1.Web 3.0 allows DAPPs to develop their own economies, their own tokens, their own use cases and their own incentive models. It allows start-ups to potentially compete with the giants (i.e. Google, Facebook, etc.).
2. Tokens are smart contracts on the Ethereum blockchain that represent their own cryptocurrency and can be fungible and non-fungible.
3. You follow standards such as ERC20 for fungible tokens or ERC721 or ERC1155 for non-fungible tokens to create DAPPs consisting of smart contracts to serve some purpose or provide some service.
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Homework on Web 3.0, and Tokens - Questions
- What are the benefits of web 3.0 (decentralized internet)?
- What is a token?
- How do you create a token on Ethereum?
1- On an economic level, the protocol fare much better capturing value than in the 2.0 version of the web. On the developmental level, decentralization and incentives offer better opportunities, increases the benefits of early adoption and keeps at bay the Big Bullies.
2- It is a digital asset developed by the smart contract, built on top of Eth.
3- By building a smart contract on Eth. that follows the ERC20 standards.
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What are the benefits of web 3.0 (decentralized internet)?
We have the opportunity to get rid of the monopoly over the internet, be free from censorship, and redistribute the wealth sequestered by a few players into the hands of many. Yeah!
What is a token?
A token is a smart contract that represents a cryptocurrency
How do you create a token on Ethereum?
By creating a smart contract using one of the standards protocols: ERC20 for fungible tokens, or ERC721/ERC1155 for Non-fungible tokens (NFT)
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The benefits are that the value will be in the hands of every individual that is involved in that specific crypto project. This would be as opposed to large companies and organizations that control the majority of everything.
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A token is the currency for a decentralized application.
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You create a token on Ethereum by programming that writes smart contracts. These are highly recommended to be created in accordance with one of the Ethereum standards (ERC20).
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1. What are the benefits of web 3.0 (decentralized internet)?
Most of the value is captured on protocol level, not application.
Dapps would allow users to run independent, decentralized solutions which incentivizes their users and perhaps take down the huge influence, control and censorship of global Internet giants like Google, Facebook, etc.
2. What is a token?
When we deploy smart contracts on Ethereum which represent their own cryptocurrency, we call them tokens. Ether is more likely a coin, the native cryptocurrency of the network.
3. How do you create a token on Ethereum?
Fungible tokens are created by following the ERC20 standard to develop a smart contract which runs on top of the Etherum blockchain and represents its own cryptocurrency. NFTs (non-fungible tokens) used in gaming follow other standards - ERC721/ERC1155.
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- web3.0<-- dapps<-- smart contract (no need middle man, more transparence)
2.itâs programable money build by standart (erc20, or other) on main network
3.you have to use ethereum programing language(code) like erc20, so they can communicate between them
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The benefits of web 3.0 is that the protocol has value more than the dapps. There are also many more protocols available for choice and competition. Certain dapps will allow you to be incentized to earn tokens for using the dapp such as LBRY dapp earning LBC tokens.
A token is a digital assest, money, dapp etc. that is built on a smart contract platform like ethereum, cardano, neo etc.
A token can be created by writing a smart contract or creating a dapp on a specific blockchain like Ethereum.
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Homework on Web 3.0, and Tokens - Questions
- What are the benefits of web 3.0 (decentralized internet)?
- Dapps incentivize the user instead of only the creator
- What is a token?
- Crypto tokens are a type of cryptocurrency that represent an asset or specific use and reside on their blockchain.
- How do you create a token on Ethereum?
By using Ethereumâs standard code function by implementing simple code on Ethereum
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- Web 3.0 the decentralized internet offers new opportunities and benefits like
- increased transparency
- enables more peer-to-peer transactions, which could break some monopolies of the web2.0
- data ownership and no censorship
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a Token is a (fungible or non-fungible) digital asset created by a smart contract, built on top of a blockchain network
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You can use the ERC-20 standard to create your token on the Ethereum network.
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