Homework: Web3.0 and Tokens

Ethereum 101
#2031
  1. Benefits of Web 3.0
  • decentralized websites
  • monetization of the network where users are rewarded for their engagement
  • it may strip away the power of large companies who monetize Web 2.0 users’ data for their own profit

  1. a Token is a digital asset deployed (in this case) on the Ethereum network. The token may be fungible (ERC20) or non-fungible (NFT are ERC1155 or ERC721)

  2. A token is created on the Ethereum network using a smart contract. The token typically serves some function in that network, and is used to incentivize early adoption.

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#2032

  • What are the benefits of web 3.0 (decentralized internet)?
    A decentralized internet should mean there will be less dependency or control by a central authority. It does mean that open development platforms are more likely to be used. It should mean that governments will not be able to regulate it as easily. It will promote open source. With blockchains its token movements are secure and immutable. And the true power is it will be the ‘golden source’.

  • What is a token?
    A token is a type of cryptocurrency that represents a type of asset. The token runs on top of a blockchain that allows apps and smart contracts to run. The unitized assets represented by the tokens are the value and the tokenization of them facilities things. It would adhere to a protocol supported by the blockchain it runs on.

  • How do you create a token on Ethereum?
    By using a smart contract that defines the token’s name, its symbol, the total supply of tokens and the decimal places used.

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#2033
  1. Web 3.0 introduces decentralized website’s and Dapp’s.
  2. A token is a smart contract build on top of the etherium network.
  3. By Programming a smart contract. A Dapp is often reffered as a smart contract.
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#2034

  1. The decentralized internet will lead first of all to a better privacy and data security.
    The early adopters will be rewarded through token helping the startups grow.

  2. A token is a cryptocurrency that rappresent an asset or specific use ( fungible or non-fungible) develped by a smart contract.

  3. Create a new Tokens is made possible through the use of smart contract.

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#2035

  1. The value comes from the decentralized nature of blockchain. Tokens can establish own economic system of incentives, which will attract early adopters/investors. This model can finance the startups and project which, trough time, if good, gain traction. Can grow fast and become a competition to many big corporations. We don’t see this yet happening with FB or Google, but we can clearly see it happening in FinTech or DEFi space, where startups are taking away a portion of business from established banks and traditional financial institutions.

  2. A token is a standardised digital asset, on a top of some coin/platform. We can call ETH a coin and coins that are on the top of ETH, tokens. We know fungible tokens (ERC20) and non fungible tokens NFTs (ERC721, ERC1155)

  3. By programming, coding a smart contract using solidity and some kind of standard IE if you want to create a fungible token you would use ERC20

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#2036

  1. It makes it possible for smaller companies to compete with the giants. There was no reason to be an early adopter of a network with less content and people, but now with tokens and rewards in a similar fashion as mining we can make it apeeling to be part of the network in early stages. As more people joins the rewards go down, but the value of the accumulated tokens go up.

  2. A token is a cryptocurrency based on the main coin of the blockchain whare it runs, (ETH in most cases) generated and regulated by a Smart contract. It can be fungible as the ones using standard ERC20 or nft.

  3. Using a Smart contract programmed in Solidity lenguage

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#2037
  1. In Web 3.0 base networks, like Ethereum, will benefit from the success of Dapps that are built on top of it.
  2. A token is a Dapp built on top of an existing network, that represents its own cryptocurrency.
  3. You create a token on Ethereum by programming smart contracts over the Ethereum network to create a Dapp, then purchasing GAS with ETH in order to run the commands within your smart contracts.
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#2038
  1. What are the benefits of web 3.0 (decentralized internet)?

It takes the power away from the giants of the web 2.0 ecosystem (Google, Facebook, Amazon etc). and allows for a fairer model based upon rewarding those who create genuine value. Tech Giants have created such a monopoly it’s very hard to interact with the web 2.0 without them getting richer in some way. Web 3.0 levels the playing field by enabling trustless interaction and exchange of value. There is no central authority, no censorship, no intermediaries or middlemen sucking up all the rewards and because of this, rewards will flow instead to the creators providing the most value to others.

  1. What is a token?

A token is a smart contract with a defined structure and set of rules that allows it to represent some sort of value that can be held onto or moved freely between parties- money, assets, collectibles, contracts, data, identity, voting rights, IP, ownership, governance - anything that could be said to have some kind of value can be represented with a token. These tokens can either be fungible (there is no differentiation between one token and another - they are exactly the same) or non-fungible (there are unique characteristics so one token will never be exactly the same as another.

  1. How do you create a token on Ethereum?

Create a smart contract in solidity that adheres to one of the accepted standards for the Ethereum network (ERC20, ERC721, ERC1155).

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#2039

To be able to complete with bigger companies. it is a digital asset. Using a smart contract.

#2040

1 De-power the 2.0 internet Oligarchs, redistribute the economic value throughout the global network.

2 A token is a Dapp built on an existing coin/ platform/ blockchain and is the representation in the form of a cryptocurrency, used to incentivise usage and adoption.

#2041

  1. The benefits of web 3.0 is native currencies or tokens that provide incentives for likes and contributing content. This will help decentralize the internet and take away all the power from the giants (google, facebook etc…)

  2. A token is a currency built on top of ETH or another primary blockchain. They are part of dapps/smart conracts built on ETH. They can be fungible or non-fungible depending on the coding used.

  3. A token is created using a smart contract built on ETH. The dapp associated is the experience the smart contract provides for users.

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#2042

  1. It incentivizes early adopters and small companies can compete with the like of giants, like Facebook and Google, because of the network effect. It is transparent and there are fewer middlemen.

  2. A digital asset built on ETH or other smart contract platform.

  3. Implement a smart contract using a standard code like ERC2-.

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#2043

  1. Web 3.0 can benefit the programmers and people who create the places for things like google, amazon, etc to be built on.

  2. Tokens are smart contracts, a.k.a. dapps that are created on networks like ethereum, and are all connected and have the same protocols because they were all built on the same network.

  3. You create a smart contract.

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#2044

1,
Websites can have their own cryptocurrencies
No middleman
Transparency
2,
Token is a programmable digital asset.
3,
using ERC20 and create a smart contract

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#2045

1: more transparency, less chance of monopolization. Elimination of middle men. Bigger insensBiggerto the regular people

2: its a digital asset with some value

3: with a smart contract with erc20 standards

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#2046
  1. What are the benefits of web 3.0 (decentralized internet)?

Value can be captured by the protocols enabling the creation of value in the first place. Furthermore, it financially incentivises users to be early adopters, which drives innovation and competition. This could aid in disrupting oligopolistic sectors and markets with few, large and established firms, such as the technology sector (Google, Facebook, Whatsapp etc).

  1. What is a token?

A token is a cryptocurrency built on a smart contract platform such as ETH or EOS.

  1. How do you create a token on Ethereum?

You write a number of smart contracts that form a dapp, which is likely to also require a form of website and servers. The code should be ERC-20 compliant for fungible tokens and ERC-721 / ERC-1155 compliant for NFTs.

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#2047
  1. Transparency, disintermediation, privacy, and rapid network participation are all benefits of Web 3.0. A public and distributed network allows users to follow their own data and review the code behind the applications they use - no need to trust a centralized company. Decentralized networks will also become more competitive as the price will reflect the many middlemen who are completely replaced. Additionally, incentive models will encourage early adoption of decentralized networks, removing the barrier of entry for great ideas.
  2. Tokens are digital assets just like the traditional coins. The distinguishing difference is that tokens are built and reside on top of another blockchain (do not have their own blockchain).
  3. A token can be created on a programmable blockchain such as Ethereum or EOS. This is done through a smart contract which must follow a token standard for its respective protocol.
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#2048

What are the benefits of web 3.0 (decentralized internet)?
Creates balance in the system allowing smaller players to build and grow and compete with the likes of google, facebook etc…

What is a token?
Smart Contract allow us to program money

How do you create a token on Ethereum?
Use Solidity to program the smart contract’
This is compiled into Byte Code
EVM’s on each node read the Byte Code and translate the instructions to the nodes CPU

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#2049
  1. What are the benefits of web 3.0 (decentralized internet)?
  • The benefits of Web 3.0 are decentralization and incentivise people to join early to get reward for their partecipation in the network. Grow the number of partecipant and compete with the big company that monopolized the market.
  1. What is a token?
  • A token is a smart contract build on top of ETH. ERC20 is the standard protocol but there are also non fungible token like ERC721 that are unique and doesn’t follow the standard.
  1. How do you create a token on Ethereum?
  • Usually created with solidity to write a code that deploy smart contract following the ERC20 standard.
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#2050
  1. web 3.0 gives ownership over the protocols underlying web technologies value capture and allows users to capture some of the value generated from their participation in web 3.
  2. A token is a cryptocurrency/smart contract built on technologies such as ethereum, neo, or eos.
  3. A token is created on ethereum through smart contracts.
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