Homework: Web3.0 and Tokens

Ethereum 101
#2132
  1. Value is captured at the protocol level instead of the application level which leads to more early adaption due to economic incentives.
  2. Token is a “currency” that can be created with a smart contract
  3. By using the one of the ERC standards (20, 721, 1155)
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#2133
  1. Decentralised internet gives smaller companies a chance to rival with top tiered corporations like - Apple, Google and FB. Early purchasers will be incentivised due to easier ability purchase higher quantities of tokens and easier to make higher profit during early stage
  2. A token is a digital asset which is created using a SC, it can also be under two different structures: fungible or non-fungible(NFT).
  3. Tokens are made on Ethereum by choosing the appropriate standardisation and developing the SC.
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#2134
  1. in web 3.0, with the use of SC it is possible to reward the users of the software instead of the developper of the software (eg. facebook)
  2. a token can be seen as a smart contract build on a ETH/TRX/EOS. all tokens are build on a main chain and can be currencies on their own. there are different standards for tokens such as ERC20-721-1155
  3. u create a smart contract and use one of the standards for tokens that fits your project.
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#2135
  1. What are the benefits of web 3.0 (decentralized internet)?

Protocols gain value through the applications build on top of it. Small business can grow faster and are being more competitive against big companies, because they can incentive their users. Users will get higher incentives for being early adopters this will lead to an better innovation and higher adoption rate for new applications, which also lead to an higher value for the protocol.

  1. What is a token?

An token is the cryptocurrency which is used for the economics of an smart contract or dapp.

  1. How do you create a token on Ethereum?

They are created through an smart contract, they can either be fungible or non fungible depend on the token standard which is used.

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#2136

1: The benefits of decentralized internet are:

  • it removes censorship
  • incentivize the people using the service instead of a central entity.

2: a token is similar to coin but run’s on top of the Ethereum blockchain instead of creating their own.

3: Tokens are created with the use of smart contracts/programs written in solidity or viper.

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#2137

Web 3.0 provides the ability to have the platform to make money, incentivizing people to use it, and to distribute value

A token is a coin that is built on Ethereum as a smart contract, using the ERC20 standard

A token is created by building an ERC20 standard contract on Ethereum

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#2138

1. What are the benefits of web 3.0 (decentralized internet)?
Web 3.0 allows for small competitors to gain traction. Early adopters are rewarded in a much greater magnitude than the current model. The protocols that these dapps are built on end up profiting too unlike in web 2.0 where all the apps ended up profiting and the protocols missed out.

2. What is a token?
A token is a digital asset that is built on top of a blockchain network. Examples of this are YFI, Dai, USDT, and NFTs such as CryptoKitties.

3. How do you create a token on Ethereum?
Tokens on ETH can be created using smart contracts. Standards such as ERC20, ERC721, and ERC1155 are in place to ensure that all wallets and exchanges support the token.

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#2139
  1. Value is captured in the protocol and is not controlled by corporations, new economic and social models can evolve
  2. A token is a cryptocurrency or smart contract deployed on top of Etherium
  3. By using one of the ERC standard protocols.
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#2140

  1. What are the benefits of web 3.0 (decentralized internet)?
    Web 3.0 creates a better form of the network effect. Every successful project built on ethereum contributes to ethereum’s value (fat principles). In return, for those small projects there is an incentivized nature to the development of their own communities and userbases as early adopters can gain financially.

  2. What is a token?
    A token is an asset created via smart contract on top of pre-existing blockchain network.

  3. How do you create a token on Ethereum?
    A token can be created on Ethereum by writing a smart contract that uses the standards from one of the token formats (erc20, erc721, erc 1125).

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#2141
  1. What are the benefits of web 3.0 (decentralized internet)?
    Introduction of new economic mechanics through incentives that make people to participate honestly in a network.
  2. What is a token?
    Tokens are smart contracts intended to serve as a currency to solve a specific use case and create an economy.
  3. How do you create a token on Ethereum?
    Programing a smart contract with certain functionalities, preferable meeting a standard like the ERC20.
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#2142
  1. Offers financial gain to new users, no middleman dictating operations.
  2. A token is a crypto currency dapp built on a protocol.
  3. By creating smart contracts within the parametres of the ERC20.
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#2143

  1. With web3.0 one can leverage the protocols to earn money, its peer to peer so no need to have large servers and architecture, in fact any one can become the part of the network and take benefits.

  2. Tokens are basically digital assets of existing currencies.

  3. Using smart contract.

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#2144

1 - a main benefit of Web 3.0 is direct economic incentives to users. other related benefits include: greater transparency, fewer middlemen, more privacy, and data ownership.

2 - a token is a digital asset created on an existing blockchain. a token is typically used as a vehicle of value within a particular decentralized application (dApp). comparatively, as a coin is used as actual money, a token is not necessarily money.

3 - a token can be created with the ERC20 standard as a smart contract on the Ethereum blockchain.

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#2145

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

  • Web 3.0 brings value to the the protocol, adding a money layer at this level instead of being in the app.
  • No middleman or company which has the monopoly, there is transparency.
  • Allows to small businesses to compete with larger ones

What is a token?

A token is a digital asset, like a crypto currency, created on a smart contract on the Etherum blockchain.
A token could be fungible (based in the standard ERC20) or non-fungible (based in the standard ERC721).

How do you create a token on Ethereum?

By programming a smart contract on the Etherum blockchain by following the standard ERC20 and will run in the EVM. In the smart contract the code will be written in solidity, and there we can specify or define the properties and logic of the token.

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#2146
  1. What are the benefits of web 3.0 (decentralized internet)?

-Its allows for protocol to capture value instead of the application running on that protocol. You can also create decentralized application that bring value to the user via financial rewards. Web 3.0 also allow start up company to compete against large cooperation.

  1. What is a token?

-Token are create on top of another blockchain. It doesn’t have it own set of protocol but is built on an existing one.

  1. How do you create a token on Ethereum?

-By using the Ethereum standard(protocol), developers can create smart contract on top of the Ethereum network.

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#2147

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

Web 3.0 provides better privacy, data security and more human-like interaction.

What is a token?

Can be a smart contract and a protocol or just a smart contract

How do you create a token on Ethereum?

Ethereum tokens are essentially ERC20 compatible smart contracts which live on the Ethereum Blockchain. So we simply write a Solidity smart contract emulating the desired behavior and deploy to the Ethereum Blockchain.

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#2148

What are the benefits of web 3.0 (decentralized internet)?
• web 3.0 Affords the building of a parallel blockchain based economy of smart Contracts supported business;
• web 3.0 takes faltering domestic economies and a dead or dying macroeconomic environment and given them hope to survive
• Web 3.0 moved traditional industry along the Production Possibilities curve towards Smart Emerging Market Economies (SEME)
• Web 3.0 aims to de-monopolized Web v2.0, to some degree
• Value can be shared through blockchain, including Platform developers and the the individuals, and early adopters incentivized thru economic reward
• Tokenizes value-creation integrated into the web as programmable personal protection and wealth building tools
• Affords contracts and their enforcement be perpetually verifiable and trust less by design
• now opens doors to Commoditize-by-choice, one individual’s own buying patterns, preferences, likes dislikes, privacy concerns hold promise
• can capture value at protocol level now but also the Apps rewards the individual, especially

What is a token?
A ‘token’ employs a common standard t p that of the coin it uses to ‘gas ‘ its use case of its base platform.

If ETH is called the ‘native token‘ of Ethereum, then it too can be considered to be the base Coin to these so-called tokens” which are built on top the Ethereum platform

As the value of these tokens’ respective utility - and adoption – grow, so does the respective price of the token.

As the value among the DApps is distributed rather than centralized, the platform, individuals and groups adoption grows, alike, and so does grow the value of the value of underlying platform and its Coin/tokens.
As a DApp’s Token’s price, adoption, demand, use cases, development community continue to grow, so does the value of the underlying where these tokens asset’s are built

For Ethereum platform, DApps need ETH to compensate - will buy ETH to transact their busines on the Blockchain.

some gas money the running of run the power of Ethereum’s Network - pay for gas money AND network is compensated as SPAM deterrent,

need to pat some gas money so Ethereum’s worldwide super Computer’s CPU the

How do you create a token on Ethereum?
Developers’ employ ERC20 standard for their Apps and for their DApps to sit on, grow on top to leverage the power of Ethereum Blockchain

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#2149
  1. The benefits of web 3.0 are greater opportunity for smaller companies to compete with large companies, better transparency, and fewer middle men.
  2. A token is a digital asset that is build on top of a network like Ethereum created with smart contracts.
  3. A token can be created on Ethereum by creating smart contracts and following standards such as ERC-20.
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#2150

1.) Decentralized websites and dapps are able to create their own cryptocurrency and economic model. This allows smaller companies to compete with the larger corporations by incentivizing and rewarding new users to use their platform.

2.) Tokens are cryptocurrency developed using a smart contract built on a blockchain network.

3.) Tokens can be created on the Ethereum network by implementing a smart contract using a token standard like ERC20.

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#2151

  • What are the benefits of web 3.0 (decentralized internet)?
    No censorship or restrictions can occur here. Small companies can compete against big companies. People are incentivized to join early in order to make the most money instead of joining later because then there will make less money as more people join,.

  • What is a token?
    It’s a smart contract on top of a currency and they have their own currency.

  • How do you create a token on Ethereum?
    By using Ether to pay for gas, they can use ERC 20, a token standard to create smart contracts that will appear on exchanges and wallets.

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