Homework: Web3.0 and Tokens

Ethereum 101
#241
  1. No monopolies like facebook, google and their filthy ways of handling data. No middle man on the internet.
    2.A token is a smart contract executed on the etherum network which functions as its own crypto currency.
    3.You have standards, you pick one(for each of use and type of job example nft vs non nft) and you program the token and its way of being.
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#242

  1. Web 3.0 can potentially bring the end of the highly centralized internet of today represented by the web 2.0 success storied like amazon and google. It can do this with decentralized applications where power and control is more evenly distributed through economic incentives using tokens. Ethereum is being built as a neutral protocol layer so it is perfect to for these kinds of applications (or Dapps) to built on top of.

  2. A token in the context of smart contract blockchains, is a digital currency which is created through a smart contract. This currency runs on top of the base layer protocol and can benefit from its security and network effect value without having to run its own blockchain. Tokens are typically used as economic incentives for users of a particular application. This can be useful in bringing in new users that might have stayed using an already dominant internet application like amazon for instance.

  3. Tokens are created by programming them in a smart contract, this can be done through solidity and any other language that can be compiled into bytecode. There are a number of token standards such as ERC-20 and ERC-721, the later one being used to create non fungible tokens that can represent unique digital assets such as collectibles and gaming cosmetic items.

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#243

Protocols can gain value instead of just applications. Anyone can create a digital token or currency on a blockchain platform.

A token is a a digital crypto currency that runs on a platform like Ethereum.

Tokens are created by writing a smart contract.

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#244
  • What are the benefits of web 3.0 (decentralized internet)? Web 3.0 isn’t dominated by a few huge, centralized, profit-hungry organizations; instead the decentralization allows users to benefit based on usage and content. Web 3.0 allows the Protocol to collect the fees versus the application layer collecting “fees”.
  • What is a token? A token is a coin that runs on the Ethereum network, paying Gas fees in Ether to the protocol.
  • How do you create a token on Ethereum? A token is created on the Ethereum network through use of a smart contract.
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#245

  1. It will break the monopolies of larger companies. Early adopters of new platforms are incentivised unlike Facebook where early adopters earned nothing for using it.

  2. A cryptocurrencey using smart contracts.

  3. You create a token on ethereum using code to ERC20 standard.

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#246

  1. It removes central points of control. The use of tokens and smart contracts creates incentives for adoption.

  2. A cryptocurrency created for a specific use case or dapp.

  3. Tokens are created via smart contracts on Ethereum.

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#247

  1. The users receive the financial benefit of contributing to a network instead of the network owner. Incentive to become an early adopter.

  2. A unit of value that resides on it’s own blockchain.

  3. Write and execute a smart contract on the Ethereum blockchain that implements the functionality of a currency (ex. ERC20).

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#248

  1. In Web 3.0, we can tokenize content on the internet, which will enable anyone to host and use content in a decentralized manner. Also, anyone can be compensated for the work they do.

  2. A token is a unit of cryptocurrency built on a smart contract which can be used as money or reputation credits.

  3. Tokens are created by writing a smart contract using a standard set of codes.

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#249
  1. The benefits of web 3.0 (decentralized) is that smaller companies have more chance to compete and be profitable not just the giants like google and facebook etc, where they get a percentage of profit , web 3.0 will be person 2 person . Less censorship if " THE MAN " doesn.t like the content .
  2. A token is a fungible or non-fungable digital asset created on ethereum ,eos ,cardano etc it needs to have the standard that meet ERC20 tokens which are fungible or ERC721 , ERC233 which are non fungible and are used for gaming .
  3. You have to use a smart contract to create a token on ethereum .
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#250
  1. One benefit of the Web 3.0 is that we can capture value at the protocol level, another one is that being an early adopter of a platform becomes financially convinient.
  2. A token can represent anything, it is a programmable digital asset stored on a blockchain. A token can be fungible or non-fungible. In the first case, all token created are the seme (ERC20 standard), in the second case all token created are unique (ERC721 and ERC1155)
  3. To create a token on Ethereum you need to use Smart Contracts and some functions which were standardized to increase programmers and users experience.
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#251

1.Benefits are that everybody involved in web 3.0 can be rewarded depend of their work - not only Big players like in web 2.0 Google,Facebook …
2.Token is digital asset /currency build on some coin(or that coin blockchain)
3.On ETH we can create Token with smart contract code built on Ethereum blockchain in ERC20 standard (fungible) and in other standards like ERC721 and ERC1155 (NFTs)

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#252

  1. There is value in the protocols itself, in contrast to the major corporations using the protocols. When a protocol or an idea is new, early adopters are incentivized to support and help build it, because their rewards or their purchased tokens will increase in value if it’s a success.

  2. A token is a cryptocurrency in the form of a smart contract.

  3. By making a smart contract and adding it to a blockchain.

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#253

  1. Everyone can participate, compete and get rewarded

  2. Token is a peace of code that can be programmed on blockchain to solve a problem and create a micro economy where participates can contribute to the network by acquiring a token

  3. You can program a token on ERC20 code on Etherium network

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#254

  1. You can build dapps in Web3. You can build your own economical system on top of platforms like
    EOS, ETH, Neo etc. The most value in Web 3 is build on top of the protocol level.

  2. A Token is a smart contract on top of a platform. For example ERC20 tokens on the Ethereum platform.

    • Contract code. Download a smart contract for token building.
    • Create Etereum wallet with Meta mask.
    • Get Ropsten Ethers. You will need some test Ethers in your Meta mask account.
    • Edith the contract code.
    • Deploy contract code on remix
    • Puplish and verify contract
    • Add Token to your wallet
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#255
  1. What are the benefits of web 3.0 (decentralized internet)?
    The users can get some of the value in the protocol and the network and network actions.
  2. What is a token?
    It is account balances created by a smart contract and the account balances are controlled by the rules of the smart contract connected to the token. A token is a unit of account for a particular smart contract.
  3. How do you create a token on Ethereum?
    You create a new smart contract on the ethereum blockchain. Some particular functions needs to be called in the new smart contract for a new token to be created.
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#256

On Web 3.0 there are not only centralised websites, there are decentralised websites and applications that are being developed. Users of these websites could be benefiting financially from using them, unlike in Web 2.0.

Token is a smart contracts that represent their own cryptocurrencies or a value of an asset.

By writing smart contracts which are deployed on Ethereum network. The easiest way is to use programming standards like ERC20, ERC721 and ERC1155

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#257

What are the benefits of web 3.0 (decentralized internet)? transparacy will be one of them, also more secure/private ( private key) and very less middle man and also help to create value from a protocal
What is a token? is the value existing on a smart contract that run on top on the Ethereum (IN THAT CASE ETHEREUM) Network, Fundgable and Non-Fundgable digital asset that run on Top of the Main protocol **(ETHEREUM in that case) will be called Token
How do you create a token on Ethereum? You can programm a smart contract with a specific Standard that will fit your need Ex; (ERC20, ERC721 etc… ) and also that smart contract need to use GAS to execute the code that In the smart contract to be able to run on Ethereum Network.

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#258
  1. The fact that the internet is decentralized also allows for value to be captured and created decentralized. Instead of a few big companies capturing all profit, through tokens and coins, small dapps can grow and individuals get rewarded for what they do.
  2. A Token is a smart contract running on a programmable block chain which represents a currency or another asset of value.
  3. By writing a smart contract according to ERC-20 standard for fungible tokens and ERC-721 or ERC-1155 for non-fungible tokens.
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#259
  1. What are the benefits of web 3.0 (decentralized internet)?

  • Large corporations no longer receive 100% of the profits from the platform.

  • The platform’s smart contract is distributed amongst the nodes within the network, so the platform is no longer centrally hosted.

  • People are incentivized to use the platform.

  1. What is a token?
  • Tokens are coins built upon another platform e.g. Ethereum, Cardano, EOS etc.
  1. How do you create a token on Ethereum?
  • Using solidity—a turing complete language which has the ability to create token contracts.
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#260

  1. What are the benefits of web 3.0 (decentralized internet)?
    Transparency Fewer Middlemen Privacy Data Ownership & Sharing Incentivize Creators

  2. What is a token?
    ERC-20 tokens are tokens designed and used solely on the Ethereum platform.
    They follow a list of standards so that they can be shared, exchanged for other tokens, or transferred to a crypto-wallet.
    The Ethereum community created these standards with three optional rules, and six mandatory.
    Optional
    • Token Name
    • Symbol
    • Decimal (up to 18)
    Mandatory
    • totalSupply
    • balanceOf
    • transfer
    • transferFrom
    • approve
    • allowance

  3. How do you create a token on Ethereum?
    You can create a smart contract using Solidity in the ETH blockchain

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