Homework: Web3.0 and Tokens

Ethereum 101
#2051

Benefits of Web 3.0 is that it is more decentralised, protocols get paid and so do interactive people rather than a middle man

Token is a digital asset or currency

Tokens can be created using code in a smart contract

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#2052
  1. Smaller companies can compete against internet giants by adding incentives to users and rewards to early adopters; removes middlemen.
  2. A token is a digital asset (that can be fungible or non-fungible) developed with a smart contract.
  3. As a smart contract using standards features(such as ERC20)
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#2053

  1. adding a value layer to the internet

  2. a token is a cryptocurrency created on top of another cryptocurrency platform such as ETH or XTZ which would be considered coins.

  3. by creating a smart contract that follows the ERC20 token standards.

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#2054
  • What are the benefits of web 3.0 (decentralized internet)?
  • What is a token?
  • How do you create a token on Ethereum?
  1. Value is captured at the protocol level and early adopters are incentivized as the rewards could increase in value.
  2. A token is developed using a smart contract.
  3. By creating a smart contract.
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#2055
  • What are the benefits of web 3.0 (decentralized internet)?

That the protocol where you interact with is decentralized and everyone can benefit from it by owning a portion of it.

  • What is a token?

A token is created through a smart contract and can do things like govern or incentivise activity in that community.

  • How do you create a token on Ethereum?

Using the ERC20 standard by defining a total supply, and functions like transfer, addressOf, authorise…

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#2056
  1. It’s the only way to get our privacy, liberties, and proper market economy back.
  2. While ETH is a proper coin, all other ‘coins’ created on Ethereum network are referred to as tokens.
  3. You need to program your smart contract in solidity, ideally complying with ERC20 standard and somehow push it to Ethereum network.
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#2057
  1. What are the benefits of web 3.0 (decentralized internet)?

a - The system which the contracts, websites, etc run on has more value, you can run decentralized apps, smaller projects have a a chance to compete with big tech companies.

  1. What is a token?

a - a currency linked to a smart contract running on that blockchain.

  1. How do you create a token on Ethereum?

a- By creating a smart contract that complies with Ethereum´s standard (solidty,ERC20, functions, etc.)

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#2058

  1. Security, privacy, no censorship, trustless.

  2. A unit of value which is created on top of the ethereum blockchain in the form of a smart contract.

  3. A token can be created using the ERC20 standard.

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#2059
  1. What are the benefits of web 3.0 (decentralized internet)? More connectivity with users, now not only are the big corporations earning incentives, but the users themselves will be earning incentives. This will also increase the rate of smart contracts being accepted as incentives will drive users to use the apps/daps.
  2. What is a token? A token is a value holder built on top of the Ethereum network, Bitcoin has coins only, while Ethereum has tokens.
  3. How do you create a token on Ethereum? Using the standard ERC20 you can define how a token is programmed in Solidity.
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#2060

Homework on Web 3.0, and Tokens - Questions

  1. What are the benefits of web 3.0 (decentralized internet)?
    incentivize people into early adoption to potentially increase in value, no one can control it

  2. What is a token? smart contract currency

  3. How do you create a token on Ethereum?
    by using ERC20 standard within a smart contract
    [/quote]

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#2061
  1. What are the benefits of web 3.0 (decentralized internet)?
  • Creators or developers at the protocol level gain a lot of value, hence have the incentive to improve the protocol layer of the given network
  • economic models that are not under the influence of bigger internet companies can be created, allowing startup internet companies to independently create new niches for their respective companies
  1. What is a token?
    a token is a cryptocurrency that runs on smart contract network
  2. How do you create a token on Ethereum?
    Writing a smart contract code on ethereum’s network under the interface of the ERC standards such as ERC20, ERC721, and so on
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#2062
  1. What are the benefits of web 3.0 (decentralized internet)?
    In Web 3.0 dapps can capture value
    2.What is a token?
    A code running on the Ethereum blockchain.
    3.How do you create a token on Ethereum?
    A token is created in Ethereum by using the Solidity programing language.
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#2063

  1. The main benefit of web 3.0 is that it creates value on a protocol level. With the advent of web 2.0, value is created by the applications as opposed to the protocol itself.

  2. A token can be described as a digital asset, that is created on, and linked to, a certain blockchain network.

  3. Tokens are created on the Ethereum network via the creation of DAPPs. It can be created via certain standards such as ERC20, ERC721 or other standards.

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#2064
  • What are the benefits of web 3.0 (decentralized internet)?
    It will reduce the monopoly and let smaller companies grow and be competitive. Users will be rewarded with tokens for their participation.
  • What is a token?
    Token is a digital asset that is build with smart contract on top of network
  • How do you create a token on Ethereum?
    With ERC20 that is used for program tokens and write smart contract
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#2065
  1. It would allow little enterprises or startups to compete with social media giants
  2. A token is a digital asset or coin that works on Ethereum blockchain
  3. Programming it in a smart contract with ERC standards
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#2066

What are the benefits of web 3.0 (decentralized internet)?
A decentralized internet would give allow for smaller companies to compete with large corporations like Facebook and Google. Early adopters are incentivized to use a new platform as they will be rewarded with a higher number of tokens than later in a platform’s life cycle when adoption has increased and the value of those tokens have as well.

What is a token?
a Token is a (fungible or non-fungible) digital asset created by a smart contract, built on top of a blockchain network.

How do you create a token on Ethereum?
A Smart Contract creates a token using the ERC20 standard.

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#2067

  1. Web 3.0 allows the developement and hosting of DApps. With DApps, early adopters of the technology can be incentivize to adopt the new technology and as early investors they will contribute more to network. This way now common people and small companies can capitalize their work same way a big company can do.

  2. Token is a crytpocurrency that can developed on top of crypto protocols like Etherium, EOS, etc. Token are basically smart contracts which can be either fungilbe and non fungible.

  3. Tokens are smart contracts developed on top of etherteum by specifying the logic of smart contract and the numbers of token available.

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#2068

  1. Web 3.0 allows to merge content with value in a transparent way. Creator of the content can earn money on a constant basis controlled by smart contract. It might be a song listened on a radio or sold by a label. Smart contract can track earnings without putting any trust on any company paying royalties. It allows to monetize almost everything. We can move away from advertising driven marketing. Now corporate overlords get paid by advertisers for our data and repay us with likes. Even with advertisements being in place we can remove these overlords and thrive together. The problem is of course that they won’t give away the power easy and will invest money to try to control new environment. Web 3.0 will tackle a lot of issues - it is a huge can of worms. (I didn’t want it to be kinda sound, but modern state of the internet concerns me big time, when every website goes to google and facebook to download or report something, even ivanontech.com or traffic captured by aforementioned but not limited to companies)

  2. Token is a currency that runs in a smart contract on top of some blockchain.

  3. You need come up with a pumping name and write a smart contract, better ERC20 compliant after this you should list it so users will be aware of its existence.

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#2069
  1. We can own our own data, small business may compete with the FAANG giants, value can be captured on the protocoll level and anyone can buy ETH and tokens on the network in an early stage.
  2. A token is a value representation of a smart contract that is built on the Ethereum public blochchain.
  3. You write the sc with Solidity, follow the ERC-20 standard and deploy it on the E blockchain.
#2070

  1. What are the benefits of web 3.0 (decentralized internet)?
    Benefits of web 3.0 are that value is created at the protocol level and everyone can participate in the wealth creation on top of the protocol. Unlike few big companies in Web 2.0 who hoard all the value, in web 3.0 the protocol and the dapps created on top of the protocol can have their own economy. As the dapps succeed the value of the protocol also increases.

  2. What is a token?
    Smart Contracts running on top of Ethereum blockchain are tokens.

  3. How do you create a token on Ethereum?
    Tokens are created on Ethereum protocol using Solidity code as smart contracts. So a smart contract that has its own currency is a token.

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