1.the ownership of digital assets can be proved and transfered.
2.a token is a digital asset on a blockchain like ethereum
3.is created by code and token standards of the hostigó network
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Q1. What are the benefits of web 3.0 (decentralized internet)?
- With Web 3.0 you have different websites on the internet that can have their own cryptocurrency and have their own economical model. Small companies and start up companies will be able to compete with the giant corporations because you can have economic incentives to incentivize people to be early-adopters.
Q.2 What is a token?
- A token is a type of cryptocurrency that is created using a smart contract on top of a protocol blockchain.
Q3. How do you create a token on Ethereum?
- You write a smart contract in Solidity using the ERC20 standard.
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Web 3.0 allows for information to be published and broadcasted without censorship or limits on time. It will allow for more of a free market of information instead of people relying on major corporations and governments controlling media outlets and information on social media. The information will be validated on the blockchain which means it will be trustless and verified before being published. It will also be more difficult for hacks and spam to occur as well as system failures or shutdowns/lockdowns.
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A token is a platform built on the network that performs it’s own specific coded smart contract purposes.
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You can create a token on Ethereum by coding your own smart contract and program with ERC20 protocol.
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- It allows the creation of decentralized websites and decentralized apps.
The value is captured by the protocol rather than the smart contracts. - A token is a smart contract built on top of a smart contract platform (like Ethereum).
- Programming it Using the ERC-20 standard or others.
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[quote=“filip, post:1, topic:8447, full:true”]
- What are the benefits of web 3.0 (decentralized internet)?
Web 3.0 enables decentralization and the protocol to capture value. By rewarding early adopters, this in turn removes the risk of a small number of giant corporations monopolising the application space such as has occurred in Web 2.0 with the tech giants Google, Facebook, etc
- What is a token?
A token is any cryptocurrency made on Ethereum. It can represent anything of value including physical or digital assets
- How do you create a token on Ethereum?
A token in Ethereum is created by using a standard such as ERC20 to write a smart contract
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- What are the benefits of web 3.0 (decentralized internet)?
The benefits of Web 3.0 is that it relies on the protocol layer to more fairly distribute the financial benefits to the users of the applications so it’s not all consumed by the organizations who create the applications.
- What is a token?
A token is the representation of a share in an idea. What can be done with a token depends on the environment that the issuers of the token have created around it. In Web 3.0 a token’s environment is based on the smart contracts and dapps that have been written to support it.
- How do you create a token on Ethereum?
An Ethereum token is created by writing a ERC20 compliant smart contract and deploying it on the Ethereum blockchain.
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- no more giants that take all profits. because is decentralized all contributors will have a share
- token is a small code named smart contract
- using the ERC20 standard program language
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- What are the benefits of web 3.0 (decentralized internet)?
Web 3.0. allows that the value is captured at the protocol level, not going to only the big companies (like in web 2.0). - What is a token?
Cryptocurrencies which are created on top of the Ethereum blockchain are called tokens. - How do you create a token on Ethereum?
There are standardised ways to program tokens -> ERC20 is the standard for fungible tokens, ERC721 and ERC1155 for NFTs
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Decentralized use of applications which rewards early adopters and shouldn’t have the same affect as a few power monopolistic companies controlling the whole internet
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A token is an entity created on the Ethereum blockchain for use in an application.
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A token is created using in a standard way using a smart contract.
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What are the benefits of web 3.0 (decentralized internet)?
A secure, trustless, peer-to-peer platform that will offer de-centralization and transparency while creating new paradigm shifting business models. -
What is a token?
It’s value created by a Smart Contract on top of Ethereum and other Blockchain platforms used to incentive new users while leading to adaption. -
How do you create a token on Ethereum?
Follow the protocols of the ERC20 Standard.
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- What are the benefits of web 3.0 (decentralized internet)?
it is trustless, decentralized and there is economic incentive to become a early adopter of new projects which could compete with the big corporations - What is a token?
a crypto currency created on top of the Ethereum blockchain - How do you create a token on Ethereum?
it can be created by programming a smart contract with the ERC20 protocol
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The benefit of Web 3.0 is bringing the value back to the protocol. Giving back to the protocol by usage of the same, and enables possibility of incentive for using same protocol or app build on top of it.
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Token is a currency built on specific native crypto currency.
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Token is built by creating smart contract that would define a token. Shortest way is to base it on a standard, like for example ERC20.
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Organisations such as Google, Facebook to name a few benefit from users data, and generate billions in revenue, which helps solidify their positions. Web 3.0 offers the opportunity for a more decentralised space where users can also generate and share part of the revenues.
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A digital asset that has monetary value in some cases, can be traded, is fungible.
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Build an application using the ERC20 standard and create a smart contract.
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1.- the benefits are that people who are using the Dapps of small companies as an early adopter on web 3.0 are getting rewarded for using it and not only the company that runs it like e.g. centralized apps on web 2.0 like google, facebook etc… The earlier the user is the more he gets rewarded. When the Dapp becomes more popular and more people are using it the network effect kicks in and there is much more competition for the rewards which makes the rewards less. Furtermore the platform on which Dapps run is also getting more value the more projects are built on it, unlike protocols that made web 2.0 possible like e.g. https
2.- A token is the currency/digital asset running on the native smart contract platform.
3.- Everybody can create a token on ETH by programing a smart contract.
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1.- What are the benefits of web 3.0?
The web 3.0 will erode the current web monopoly we face in these days. It is a general option for decentralization of the internet. It will allow many people, small businesses growing.
2.-What is a token?
A token is a unit of value that can be created in top of the Ethereum network.
3.-How do you create a token on Ethereum?
It would be created implementing Smart contracts.
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What are the benefits of web 3.0 (decentralized internet)?
It gives values to the protocols instead of the applications (Google, Facebook, Instagram) -
What is a token?
A token is a valued representation of a smart contract. -
How do you create a token on Ethereum?
Through a smart contract running on the Etherium blockchain.
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What are the benefits of Web 3.0 (decentralized internet)?
Web 3.0 gives us decentralized websites and Dapps. It gives small companies a chance to
compete with big players and create financial incentives for early adopters. -
What is a token?
A token is a smart contract on Ethereum and follows standards to
hold and transfer value. -
How do you create a token on Ethereum?
We create a token by writing a smart contract with ERC20 standards.
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- What are the benefits of web 3.0 (decentralized internet)?
DAPPs is Web 3.0 where any one can have their own economic model running on the internet not just the big boys
- What is a token?
Is the oil that runs the blockchain, ether on etherium blockchain, you need ether to pay for gas to run any DAPPS on the etherium blockchain
- How do you create a token on Ethereum?
You create token by mining (Proof of Work) and on Etherium 2.0 it will be done on proof of stake basis.
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1. What are the benefits of web 3.0 (decentralized internet)?
It is the user who becomes benneficial.
2. What is a token?
Digital asset. Could be fungible (inside tokens there is no difference between them) and could be NFT (Non fungible tokens) it is a difference between them. This NFT are used often inside games.
3. How do you create a token on Ethereum?
There is a standarized protocol called ERC 20 (fungible protocol) which can be used to create a token
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You can interact and catalog interface data.
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A smart contract.
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Using ERC-20 to create a smart contract.
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