- Increased economic value for early adopters of the Dapp; the ability to create a cashless society using smart contracts; to be competitive with larger companies.
- A token is the currency used by adopters of the native protocol for use in it’s native economic ecosystem; for example, ABC tokens are spent at ABC company, but transactions are fueled using ETH to cover fees.
- By creating decentralized applications (Dapp) on top of the Ethereum network, these dapps can create native tokens for use on it’s platform via smart contracts.
1 Like
1. What are the benefits of web 3.0 (decentralized internet)?
the value is on the protocol and not only on the applications.
2. What is a token?
Token is are Smart Contracts build on ETH Network that represents its own cryptocurreny. Tokens can be divided into Fungible(ERC20) and Non-Fungible Token(ERC1155/ERC721).
3. How do you create a token on Ethereum?
By creating a smart contract using the program language Solidity with the standards of ERC20
1 Like
- The value main value is hold by a protocol not the apps. Gives change for new startups to take marketshare from centralised giants.
- SC on top of Ethereum technical platform
- a token is created by writing a smart contract usually using erc20 standart.
1 Like
-
In Web 3.0 the protocol can capture value, no middlemen, reward user participation/value giving
-
A token is a currency based on a smart contract platform
-
On Solidity you can create a token however you want. But its easier and more streamlined just to implement a smart contract using ERC20 standards.
1 Like
- What are the benefits of web 3.0 (decentralized internet)?
There is no “big boss” who is taking all the profits. Instead of that, decentralized market offers opportunity to small start-ups to compete with giants using economic incentivization. Developers are also rewarded for their work and not just centralized apps and programs that provide value.
Also, there is no need for a third party involved in process so there are no unnecessary costs.
-
A token is a digital asset developed by smart contracts and built on networks like Ethereum, EOS, etc. It can be fungible or non fungible.
-
A token can be created by smart contract on Ethereum, EOS, etc.
1 Like
-
What are the benefits of web 3.0 (decentralized internet)?
Web 3.0 has enabled value to be added at the protocol level, so that anything built on the protocol (such as dapps built on Ethereum) contribute to the entire network. There is also the advantage that dapps can create their own economies using tokens which in turn can reward users. It is possible for the value created to be shared between the protocol, the dapp and the users. In web 2.0 all the value goes to the app owner such as google or facebook. -
What is a token?
A token is a unit of value built on top of Ethereum. It should be thought of as a unit of value as it can be either an NFT or a currency (fungible) type token. -
How do you create a token on Ethereum?
A smart contract is needed to create a token on Ethereum.
1 Like
-
A decentralized internet would give the opportunity for smaller companies to compete with the large corporation like Facebook and Google where they have a monopoly. Early adopters are incentives as they will be rewarded with tokens.
-
Token are a representation of a particular asset or utility that usually resides on top of other blockchain.
Token can represent basically any asset that are fungible and readable from commodities to loyalty points to even other cryptocurrency
- you can create a token on ethereum by tuning it by ERC-20 standard
1 Like
1.) the benefits of web 3.0 include incentivizing users on Dapps such as Steemit to become early adopters of the network as they will be rewarded by receiving the steemit currency “steem” These type of networks will allow smaller companies to compete with the other tech giants
2.) A token is a form of cryptocurrency or digital asset that is developed using a smart contract on networks such as EOS or Ethereum .
3.) Tokens are created via smart contracts or a simple code
1 Like
- with web 3.o the protocol captures the value compared to web 2.0 for example the applications have captured all the value such as FB and Google. It will allow users to be rewarded for their content especially early adopters
- A token is for example a smart contract such as ERC20 which is deployed on top of ETH. They can be fungible or non fungible tokens.
- We can program a smart contract using Solidity and deploy on Eth such as an ERC20.
1 Like
[quote=“filip, post:1, topic:8447”]
-
What are the benefits of web 3.0 (decentralized internet)?
Financial incentives can be provided to reward early adaptors. -
What is a token?
A smart contract programmed in a standard like eg. ERC20 making use of the Ethereum network -
How do you create a token on Ethereum? Program it using ERC standards.
1 Like
1. What are the benefits of web 3.0 (decentralized internet)?
Influence will not be concentrated among a handful of mammoth sized tech corporations. It will lead to better privacy, data security and more human like interaction.
2. What is a token?
A crypto currency native to a blockchain or created by anyone on top of any already existing blockchain.
3. How do you create a token on Ethereum?
By following the ERC20 standards for programming it.
1 Like
- What are the benefits of web 3.0 (decentralized internet)?
- The benefits of WEB3.0 is more efficient in searching, change human interaction, great communication, better marketing, increase information linking,
- What is a token?
- A Token is a cryptocurrency or digital asset developed by a smart contract
- How do you create a token on Ethereum?
- Token on Ethereum is created from a smart contract using ERC20 system
1 Like
- individuals are able to monetize with their contribution.
- it is a type of smart contract made for utility, hold value, etc…
- you create a smart contract under ERC20 standard.
1 Like
Homework on Web 3.0, and Tokens - Questions
What are the benefits of web 3.0 (decentralized internet)?
- The network benefits in all levels. Tokens need to use the Network and there for their success provides success to the Network. In addition, there is an inherent synergy recycled through out the network (between all Tokens) Very obvious now on the Dot Network.
- Web 2.0 is based on value staying and multiplying in the applications. In web 3.0 the value is distributed between the user and the developer. Both have incentives to enhance and benefit the user experience.
- The ecosystem allows new layers of economy and comers to grow on top of the network and create their own economic economy network.
What is a token?
Smart contract running on a network. it functions as a currency to use as an asset or buy or sell services.
How do you create a token on Ethereum?
Buy creating a smart contract with “Solidity” with specific defined functions based on ERC20 Standard
1 Like
-
What are the benefits of web 3.0 (decentralized internet)
Early adopters are able to receive monetary gains and small businesses are able to compete against major players in the internet arena. Creators of the protocol layer are able to achieve monetary gains along with application developers. -
What is a token?
A token is a digital asset built on smart contract platforms -
How do you create a token on Ethereum?
Tokens are created on Ethereum using the ERC20 protocol
1 Like
- gives smaller players the opportunity to compete with larger companies, financial incentive for early adopters
- a digital currency that can be built on top of a smart contract network such as ethereum
- can be created by implementing a smart contract
1 Like
-
Users being able to capture economic value instead of it going to the big companies hosting the service
-
A token is a cryptocurrency built on top of a smart contract platform
-
Programming a smart contract and utilizing the ERC20 standard
1 Like
-
The users can benefit and not just the providers of services.
-
A token is a smart contract that uses the Eth BC to produce its own function.
-
Using the standard to create a smart contract.
.
1 Like
What are the benefits of web 3.0 (decentralized internet)?
With web 3.0, creators of the protocol that is used are being rewarded for use. In contrast to web2.0 where inventors of e.g. http do get nothing and organizations like Goolge and Facebook eat the whole cake.
What is a token?
If Ethereum is the coin, a cruyptocurrency on basis of Ethereum is a token.
How do you create a token on Ethereum?
By creating a ERC20 smart contract on top of Ethereum.
1 Like
- What are the benefits of web 3.0 (decentralized internet)?
The control of the internet is taken back by smaller players developing Dapps. Web3.0 introduces the idea of digital money and transfer of value through a decentralized network. - What is a token?
A token is digital asset that is created on the Ethereum or other blockchain networks. - How do you create a token on Ethereum?
Tokens are create on top of the Ethereum network using smart contracts.
1 Like