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What are the benefits of web 3.0 (decentralized internet)?
Theres benefits for the creators of the protocols in which people is creating apps, because of the way theyre built, the apps built on top of certain protocol must use that protocols token in order to get their own apps running, also with web 3.0 we all get a share of the torta, because the users can also make money when using apps built on those web 3.0 protocols, but theres more than that, web3.0 is overall more complete than the web2.0 and there is economic rewards for the user, but as of right now is also waay more complex and less approachable but itll get better and also the new generations will get it pretty fast. -
What is a token?
A token is the native currency of a given application, it can be used as an stock like in the real world, or it i also used within the the application to power its transaction and run apps and all that stuff. -
How do you create a token on Ethereum?
I guess first you have to learn how to program with solidity, and then build your application on top of ethereum, and then that application will need token to work and so yes thats when you created a token
- What are the benefits of web 3.0 (decentralized internet)?
Compared to Web 2.0, value is captured on a user level. It allows small players to compete with big cooperations like Google. - What is a token?
A token is a smart contract that allows to create your own cryptocurrency on top of the Ethereum ecosystem. - How do you create a token on Ethereum?
First learn Solidity and then create your own smart contracts using the ERC-20 standards
- Small companies can compete with larger companies without a central authority in charge.
- A token is a cryptocurrency that can be fungible or non-fungible and is created by a smart contract.
- A token can be created by a smart contract on the Ethereum or other blockchain networks.
I just watch this video, and BTC is $34,000
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users can be paid for there user generated content because of it being decentralized economic incentives more control
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token are built on top of ETH and can only work when they use ETH to fulfill smart contracts
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tokens are created by using smart contracts connected to the ETH platform
I just watched this video and BTC is at $34000 1-3-2021
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users can be paid for their data, its decentralized, its can have incentives and users has more control of data
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tokens are smart contracts built on top of Etherium they can be fungable and nonfungable
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Using Solitdy you can use smart contracts and deploy them
- What are the benefits of web 3.0 (decentralized internet)?
Benefits include capturing value at protocol level, developement of decentralized websites and Apps, experimentation with economic models, allows competition with Giant corporations like Facebook.
- What is a token?
A token is a smart contract that is built on top of a blockchain, such as a token built on the Ethereum network - How do you create a token on Ethereum?
Create a token on ETH using ERC20 token programing standarts by solidity programing program
- Early adopters are incentivised, so it is easier to start and grow. As it is decentralized, noone is milking you for money, rather you generate your own revenue.
- A non-native coin built on top of the main blockchain
- A token can be creating implementing a smart contract. Smart contracts are built using one of the standards, ERC20, ERC721, ERC1155, etc…
- Web 3.0 allows for the use of cryptocurrencies over a network.
- A token is cryptocurrency that gets deployed within another blockchain network like Ethereum.
- Tokens are created with smart contracts using the ERC20 standard.
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What are the benefits of web 3.0 (decentralized internet)?
A benefit of Web 3.0 is that value can be captured on the protocol which can be transferred to users interacting with the protocol in variety of ways rather than the just large centralized applications occurring on Web 2.0 -
What is a token?
A token is a smart contract running on a blockchain such as Ethereum -
How do you create a token on Ethereum?
A token is created on the Ethereum by programming a smart contract that follows one of the available Ethereum token standards
- Benefits include incentive to become an early adopter as payments on participation is higher when participation is lower.
- A token is a unit of value created for the purpose of being able to pay for the fees needed to execute smart contract instructions.
- A token can be created on Ethereum using the ERC20 standard.
- What are the benefits of web 3.0 (decentralized internet)?
Web 3.0 allows builders to profit from their work by building smart contracts. - What is a Token.
A token is a piece of code written to a standard such as ERC20, ERC721 or ERC1155 - How do you create a token on Ethereum.
You write code using Solidity to a predesigned format. This is then converted by a compiler to bytecode for the EVM (Ethereum Virtual Machine) to read
What are the benefits of web 3.0 (decentralized internet)? No middle man in the network getting all rewards. Incentive for early new comers to help their company grow.
What is a token? Digital asset built on top of ethereum or other blockchain network.
How do you create a token on Ethereum? By using common code and common functions accepted in the ERC20 Token standard interface. Create smart contracts within.
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What are the benefits of web 3.0 (decentralized internet)?
In web 3.0 more value is captured by the users instead of the big companies like facebook, google,… users are being incentivized to use the platform of a new business. This new business can create their own token and reward users by giving them tokens when they perform certain actions on their platform (post content, like content,…). This helps new businesses to compete with the existing big companies. -
What is a token?
A token is a cryptocurrency that’s created via a smart contract. Tokens on the ethereum blockchain are created according to a specific standard (e.g. ERC20). We distinguish fungible tokens and non-fungible tokens. -
How do you create a token on Ethereum?
By deploying a smart contract on the ethereum network and using the specific functions to create tokens in your smart contract.
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The benefits of web 3.0 is that it will include decentralized apps which can create social networks such as Steemit. Due to Steemit being able to economically reward its users with Steam coins, it will be able to compete with big tech companies such as facebook, instagram, etc…
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A token is any crypto currency (or Smart contract) built on top of the Etherum or Blockchain networks.
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A token can be created on Etherum by following the standardized ERC20 protocol for Fungible Tokens, or you can use the ERC 721 or 115 programming protocols for Non Fungible Tokens.
1). The benefits of Web 3.0 is that is its decentralized and is set up to allow the exchange and transfer of value compared to Web 2.0 and 1.0 which is set up only to allow the exchange and transfer of information and media.
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A Token is a digital asset created by a set of codes that carries an inferred value by the people who own and use it.
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By using the ERC20 protocol you can develop a token that has a certain function or role to play based on which its value will be identified. There are unlimited possibilities which are all based on human creativity of what can be created from this code. By programing a smart contract and utilizing a decentralized app a token can be created that represents a function, product or service.
The way the value is owned and transferred from one user to the next on the Ethereum platform by using Ether tokens. The more users use Ethers the higher its value becomes.
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A decentralized internet would give small start up companies the chance to compete with the like of google and facebook by offering economic incentives.
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A token is programmable money built on top of smart contract network like ethereum.
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You use smart contracts to standards like erc20.
[quote=“filip, post:1, topic:8447”]
What are the benefits of web 3.0 (decentralized internet)?[/quote]
There are opportunities for protocols to gain value instead of only the giant apps. Also you can create your own cryptocurrency, economic model on Ethereum platform. Economic rewards for early adopters in order to continue using the platform and with time the value of the token will increase.
A token represents a programmable asset or access rights, managed by a smart contract and built on top of a blockchain network. They are fungible or non-fungible.
A token can be created using the standard ERC20 which is a fungible token.
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What are the benefits of web 3.0 (decentralized internet)?
Web 3.0 has opened and levelled the playing field. Anyone with access to the network automatically has permission to participate. No additional permission is required for participation.
No one can deny users access to the Web 3.0 (blockchain) and the system has built in payments made possible by ether (ETH), the native token.
The Tuning Complete nature of Ethereum means that anything can be programmed on web 3.0. -
What is a token?
A token is a special kind of virtual currency with utility value. -
How do you create a token on Ethereum?
A tokens in Ethereum is created using a smart contract source code.
What are the benefits of web 3.0 (decentralized internet)?
Early adopters are given good incentives as they will be rewarded with more tokens compared to when there’s lots of adoption. It allows the protocol and its users to gain value.
What is a token?
A digital asset/coin/currency which is a smart contract created on a specific blockchain.
How do you create a token on Ethereum?
By using the ERC-20 standard to create a smart contract which runs on the EVM.
- Increased security, competition, more monetization possibilities for content and services providers.
- Token is cryptographic string of numbers and letters that contains no real data but relates back to real data. The way Ivan described it, it is cryptocurrency that exists on another cryptocurrency’s blockchain.
- I guess, by creating smart contracts, what ever that means. Looking forward to programming my own.