Homework: Web3.0 and Tokens

Ethereum 101
#2374
  1. What are the benefits of web 3.0 (decentralized internet)?
    The value is on the protocol level, instead as with web 2.0 on the application level (FB, Google,WhatsApp). What that means is that the value can be generated by the content creators, early adopters which has great potential
  2. What is a token?
    is an asset which represents a certain value as part of an Dapp, with a fungible or non fungible state.
  3. How do you create a token on Ethereum?
    Within smartcontract as ERC20 token as a fungible token or, as a non fungible token for example within ERC721 or ERC233.
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#2375
  1. The benefits of using web 3.0 are that it allows for small businesses to compete with the larger ones and provide a path for them to grow without being ā€˜monopolized outā€™, and it also allows for users to also extract value from the system (Web 3.0). In other words users and early adopters of Web 3.0 are about to extract the value from building on Ethereum as well as the value gained from using the Dapps built on the Ethereum ecosystem.
  2. A token is a cryptocurrency built on/within the Ethereum platform which allows holders of the tokens to invest in specific companies and Dapps built within/on the Ethereum network.
  3. Tokens are created by building a smart contract on Ethereum, and the most common, standardized type of token is ERC-20.
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#2376

You could for example be rewarded for your engagement instead of tech giants. Also the value has most probably been captured by the underlying technology which is ethereum.

A token is smart contracts built on ethereum or other blockchains.

With smart contracts.

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#2377
  1. You will be abble to compete with giants as FB, Googleā€¦ You will incentivised people to be early addopters with economic reward and you will gain value of network.
  2. Token is digital asset created on blockchain.
  3. Ethereum is a technical platform. On top you can deploy small contracts that represent their own cryptocurrency.
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#2378
  1. Incentivises early adopters of a decentralised network which will help smaller businesses grow and compete with giants such as Google and Facebook
  2. Fungible or non-fungible digital asset built on the Ethereum blockchain or other blockchains such as EOS or NIO
  3. Using ERC20 standard you can create smart contracts by writing code with solidity
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#2379
  1. Web 3.0 captures the value, if anything that is created on ETH goes up in value ETH also would benifit in value. There fore allowing anyone who invested in it to profit
  2. Tokens are special kinds of virtual currency tokens that reside on their own blockchains and represent an asset or utility.
    3.You use smart contracts and solidity language
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#2380
  1. Encourages early adoption by offering financial incentives.
  2. A token is a digital asset built on a pre-existing blockchain. They can be fungible or non fungible. A fungible token cannot be distinguished from another token of the same type. A non fungible token on the other hand is unique.
  3. Tokens are created via a smart contract.
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#2381

1.creating a new economy with value in the protocol level and the value going to users,
adds more competition to the industry and gives an opportunities to all players !
2.token is a digital asset created on smart contract platform like ethereum network and moreā€¦
3. we can create a token with different standarts like erc20 erc721 and moreā€¦

2 Likes
#2382

  1. Web 3.0 benefits the individual user, and not the big corporations. With crypto currency and smart contracts it is now possible for creation of new ecoysystems, which put the user in focusā€¦

  2. A token, or and NFT is a currency used within a ecosystem. Usually the ecosystem is inflational, which imply that the total supply may be very large or infinite. Tokens are based on standards such as ERC.20 and others.

  3. Tokens are created on etherum with the use of smart contracts

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#2383

Homework on Web 3.0, and Tokens - Questions

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

Capturing value.
The ability to compete with giants.
Incentives to early adopters.

What is a token?

A fungible or non-fungible digital asset that is developed using smart contracts like Ethereum, EOS, etc.

How do you create a token on Ethereum?

You can create them by using smart contracts using one of the standards like ERC20.
The total supply function must be included.

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#2384

  1. What are the benefits of web 3.0 (decentralized internet)?
    Application providers donā€™t get money from the user for the userā€™s contribution for free; the user gets rewarded for good content.
    Thereā€™s no centralised authority deciding what is acceptable, or unacceptable content.

  2. What is a token?
    A unit of value, based on a smart contract thatā€™s built on top of Ethereum.

  3. How do you create a token on Ethereum?
    Build a smart-contract on top of Ethereum using ERC-20 protocol.

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#2385
  1. What are the benefits of web 3.0 (decentralized internet)? will have centralized and decentralized websites where the decentralized network protocols will be to capture all the value.
  2. What is a token? tokens are needed for GAS to execute smart contracts
  3. How do you create a token on Ethereum? Tokens are build on ETH smart contract network. ERC20 Standard defines how we program tokens in solidity.
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#2386

1Decentralized platform is for public to use with out any interference and can not be manipulated
2 token is produced when someone builds on etherium and they produce a token the goes with there dapp etc
Can also be used as a currency
3 Can be created when the smart contract is made

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#2387

Homework on Web 3.0, and Tokens - Questions

  1. What are the benefits of web 3.0 (decentralized internet)?
    It is impossible to create a monopoly, early adopters are rewarded, it is impossible to censor, there are fewer middle-men, less trust is needed,.

  2. What is a token?
    A token is a currency created on top of a pre-existing blockchain such as Ethereum.

  3. How do you create a token on Ethereum?
    You have to write a smart contract (the details of how to do this arenā€™t entirely clear to me), and it is advised to use the ERC-20 protocol for fungible tokens.

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#2388
  1. What are the benefits of web 3.0 (decentralized internet)?

No more corporate centralized burocracy.

  1. What is a token?

a token is a dapp built on top of the ETH network, it lets users create any type of smart contract that has value or a purpose, users get rewarded on the network with a token issued by these smart contracts .

  1. How do you create a token on Ethereum?

A token on ethereum is created by a smart contract, there must be an ERC20 regulation with a a ruleset such as total supply, balance etc, to be able to generate a token.

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#2389
  1. What are the benefits of web 3.0 (decentralized internet)?

A decentralized internet will give small companies the opportunity to compete with large corporations such as Google and FB. If you are an early adopter there will be higher incentives for you as the rewards will be higher. The rewards later in the platformā€™s cycle will not be as rewarding once the adoption has increased along with the value of the tokens.

  1. What is a token?

A token is a crypto currency that is developed using a smart contract for example on ETH or EOS. The token will be a fungible or non fungible asset.

  1. How do you create a token on Ethereum?

A token can be created by using a smart contract via one the token standards such as ERC20

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#2390
  1. Ability for a small organization to compete with a mass market ones and an opportunity for protocols itself to be rewarder
  2. Token is a coin or project that was build on Etherium network and can be either fungible or non fungible
  3. By programing a smart contract on Etherium network ( following ERC-20 protocol or ar ERC-721 or ERC1155 for example )
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#2391

  1. Web 3.0 benefits include a more transparent form of transactions without a middle man that allows small business or a single person to create their own currency or earn tokens from companies on the network.

  2. A token such ERC20 is created with a coinā€™s network such as Ethereum is something that can be fungible or non-fungible currency.

  3. A token is created on the Ethereum network by using smart contracts such as ERC20 which can be written in the Solidity program.

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#2392
  1. It is harder to let big corporations or authorities monopolize the information and the gains of information, it is a more democratical way to split the benefits of contribute in the networks and platforms. The algorithms are incorruptible so now all the value is just based in the efficiency of the products.
  2. Are projects that run into different protocols like ERC20 from Ethereum. It is also the currency that the different Dapps use to give value to their projects.
  3. By making an smart contract on ERC 20 standard.
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#2393
  1. The benefits of a decentralized internet would be the possible breaking up of tech monopolies , strongholds & censorship
  2. A token is generally built on the Ethereum platform , can be used in as currency or in gaming and can be fungible or non fungible
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