Homework: Web3.0 and Tokens

Ethereum 101
#2494

1.) The protocol has value rather than the end applications. It allows smaller companies to be successful and compete against the web 2.0 giants.

2.) Crypto currencies that are made on top of Ethereum or another smart contract coin.

3.) With a smart contract like ERC20 and Solidity.

#2495
  1. Incentivizes early adopters by rewarding them and allows smaller companies to compete with the monopoly of large companies.
  2. A digital asset running on a base crypto protocol like Ethereum.
  3. By creating a smart contract on Ethereum.
1 Like
#2496

  1. What are the benefits of web 3.0 (decentralized internet)?
    Taking control of your data and creating a competitive model for established platforms such as Google, Facebook etc. Brings value to the protocol, as in Web 2.0 the value was in the app.

  2. What is a token?
    Token is a digital asset built on a smart contract.

  3. How do you create a token on Ethereum?
    Using Solidity as a programming language to build a smart contract based on the ERC-20 standard

1 Like
#2497

  1. The benefits are independence, security, early adopters and users are incentivized for their work, the money won’t go to the middle men (Facebook, Google, Uber, Amazon), instead it will be more peer-to-peer

  2. Tokens are like digital money created on top of blockchain network.

  3. By deploying a smart contract on top of the Ethereum network using the ERC20 Standard.

1 Like
#2498

  1. gives the power to the users of the network, early-adopters are rewarded with high incentives if the project takes off

  2. A digital asset that has the same standard as the coin (exp. ETH, EOS, DOT, etc.)

  3. use the ERC-20 source code and adapt it / write smart contracts on it,

1 Like
#2499
  1. No monopoly by gigant corporations. Early users and creators do their best 4 success of project (will earn more). Decision making with people not companies.
  2. Token is digital asset build on top of a coin (f.e. ETH) SC that can do its own things :wink:
  3. Via SC.
1 Like
#2500

  1. Value is captured by protocols, not only the apps running on it. (compared to Facebook, Google,…)
    rewards go to users, this incentivises early adopters. Small compagnies can compete against giants.

  2. Is a digital asset built on smart contract. Which is running on a base protocol (fe Ethereum)

  3. With a smart contract based on the ERC20 standard.

1 Like
#2501

1, gives the opportunity to compete with large companies due to the economic incentives to use the platform
2, a token is a digital asset that is built on top of a network such as ethereum, these can be fungible or non-fungible
3, A token is created with a smart contract on ethereum

1 Like
#2502

Answers to “Web3.0 abd Tokens” Questions:

  1. No censorship, not in the hands of a few big corporations.
  2. A token is build with a smart contract that can be used on a platform that can execute smart contracts like ethereum.
  3. Writing smart contracts
1 Like
#2503
  1. What are the benefits of web 3.0 (decentralized internet)?
    The protocols gain value instead of the applications. Early adopters receive incentives.
  2. What is a token?
    A smart contract running on Etherium.
  3. How do you create a token on Ethereum?
    The Etherium platform is used and the token is programmed on top of it, in line with the ERC-20 standard (fungible tokens) or the ERC-721:ERC-1155 standard (non-fungible tokens)
1 Like
#2504

  1. A decentralized internet is giving small players a chance to compete with giants like google. The incentive is there with the reward system.

  2. A token is a cryptocurrency or a digital asset that is built by using a smark contract like Ethereum.

  3. A token is equivalent to a smart contract that is usually built on Ethereum with the ERC-20 standard.

1 Like
#2505
  1. What are the benefits of web 3.0 (decentralized internet)?
    When you use a new platform you can get rewarded ,especialy if you are the first minig,If you use protocol such a eth and you are building on top of it you will get reward ,instead in web 2 for example making a protocol didn t bring any rewards, In web 3 you can be independent from big giants. and no fees for tx.
  2. What is a token?
    Token is a smart contract that includes account addresses and a balance of these addresses.
  3. How do you create a token on Ethereum?
    You cn build it on top of the ETh using the smart contracts, for that reason you need token to mess with the network.
1 Like
#2506

  1. What are the benefits of web 3.0 (decentralized internet)? - It could break the monopoly of the big tech that runs everything currently. More peer to peer benefits when taking out the middle man.

  2. What is a token? - A unit of value, an asset or currency built on ETH or another smart contract platform for a specific use.

  3. How do you create a token on Ethereum? - By writing a smart contract in Solidity code on the ETH blockchain.

1 Like
#2507

  1. What are the benefits of web 3.0 (decentralized internet)?
    A decentralized internet give opportunities to compete with large corporation. It allows protocols to earn money rather than the applications built upon them.

  2. What is a token?
    A cryptocurrency that is developed on a blockchain platform such as ETH which uses a smart contract to create its own currency.

  3. How do you create a token on Ethereum?
    ETH tokens are created using smart contracts and the standard way to program the ETH token is with the ERC20. Other standard languages are ERC721 or ERC1155 but these are used more in gaming.

1 Like
#2508
  1. What are the benefits of web 3.0 (decentralized internet)?

Wow, I mean where to start? It looks like Web 3.0 is just a huge bag of goodies for consumers and small enterprises alike. Due to the fact, that early adopters of a startup can be rewarded with tokens, creates an fantastic incentive to consumers! Just think of it, you contribute value, get rewarded in tokens, the more popular the enterprise gets, the more your tokens will gain value. Absolutely Amazing! I am mind blown! Thank you Ivan for letting us in on this right now!

  1. What is a token?

A token can be created by deploying a smart contract on a blockchain like Ethereum, Tron or EOS. A token is therefore distinct from a coin. When Ethereum is the coin - ETH will be the token, or the Application, the value proposition.

  1. How do you create a token on Ethereum?

You can create your own token on Ethereum by deploying a smart contract to the Ethereum Blockchain.

1 Like
#2509

  1. Web 3.0 allows users get value from using blockchain protocol like Ethereum for examle. Web 2.0 has been very profitable for tech giants because web 2.0 key to success is the application level. Web 3.0 introduces decentralized apps.

  2. Token represents an asset (value) for decentralized application.

  3. For Ethereum blockchain token can be created by executing a smart contract conforming either to ECR20, ECR721 or ECR1155 standards.

1 Like
#2510

  1. The benefits of the decentralized internet in web 3.0 is that more people can participate in the value that is generated in the network, rather than giving it all to the big corporations as happened in web 2.0.

  2. A token is a digital asset, or smart contract, which exists on a blockchain network.

  3. You create a token on Ethereum by writing a smart contract based on the ERC20 standard.

1 Like
#2511

  1. The most important benefit is decentralization. Economic rewards start at protocol level

  2. A token is a smart contract of a particular digital asset

  3. You write a smart contract using a standard protocol such as the ERC20 token on the ethereum network.

1 Like
#2512

The benefits of web 3.0 and decentralizing the internet is to create a more even playing field for people to capture the value of their participation. As of now, FB, Google and others reap the rewards of users participation. Its funny, I never realized that my input had value and there is a way for me to have access to that control.

A token is a smart contract built upon a platform such as Ethereum that is programmable. A token enables a decentralized economy and cryptocurrency.

A token is built on Ethereum by creating a smart contract or a dapp using a standard code such as ERC20.

1 Like
#2513

Homework:

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

Unlike its predecessor, Web 3.0 users capture value on the Blockchain protocol. i.e. ETH, dapps, smart contracts, etc. are revolutionizing standard methods of transactions and introduced decentralized platforms.

  1. What is a token?

A token is the by-product of the Ethereum network via smart contracts. The result is a fungible or non fungible digital asset built on the Ethereum blockchain network

  1. How do you create a token on Ethereum?

A token on Ethereum is created utilizing solidity and smart contracts.