Homework: Web3.0 and Tokens

Ethereum 101
#2655
  1. What are the benefits of web 3.0 (decentralized internet)?

The value is created mostly on the protocol, and the users get rewarded for participating ( as opposed to web 2.0. where all the value went to the applications a.k.a. now known as Big Tech).

  1. What is a token?

It is basically a smart contract created on top of a blockhain, like on Ethereum for example.
(Question,or clarification rather, could we say that all tokens are dapps, but not all smart contracts are tokens??)

  1. How do you create a token on Ethereum?

By creating a smart contract that works on Ethereum ( that uses the ERC 20 protocol).

#2656
  1. What are the benefits of web 3.0 (decentralized internet)? - Gives smaller companies a competitive edge with the traditional blue chip giants. It has it’s own ecosystem, monetary value, smart contracts, dapp, and cryptocurrency while running on the same ERC20 standard.
  2. What is a token? It’s a smart contract in the form of dapps that execute it’s use case. A code script that sits on the native blockchain.
  3. How do you create a token on Ethereum? - you need to write a specific code based on the ERC standard.
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#2657
  1. What are the benefits of web 3.0 (decentralized internet)?

Social networks will be able to compete. The community will be able to obtain rewards that incentivize people to contribute.

  1. What is a token?

A token is a type of cryptocurrency that represents an asset or specific use and reside on their blockchain.

  1. How do you create a token on Ethereum?

Develop a smart contract utilizing the ERC20 standards.

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#2658

  1. The benefits of Web 3.0 is that most of the value is captured at the protocol level and by the user.

  2. A token is a smart contract that is build on top of a smart contract protocol ei. ETH.

  3. You creat a token by creating a smart contract with the standard ERC20, ERC721 or ERC1155 on top of the Ethereum protocol.

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#2659
  1. Tokenized economic incentive models can generate value for being an early adopter. In this manner, small companies could have potential to eventually usurp some of the biggest corporate interests currently consolidating all of the value of the web for themselves.
  2. A token is a digital currency (mostly built on ERC20 standards, in today’s practice), typically used in some sort of specialized economy that has been programmed on top of Ethereum.
  3. You essentially just program a smart contract to represent a new economic model.
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#2660
  • What are the benefits of web 3.0 (decentralized internet)?
    Early adopters gets paid and this is a good way to challenge big incumbant firms
  • What is a token?
    A token is a digital asset built on the Ethereum or on another smart contract platform.
  • How do you create a token on Ethereum?
    It is the creation of a smart contract built on the Ethereum network which abodes by the ERC code and is fungible or non fungible
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#2661

  1. Smaller companies will be able to attract users with incentives. This could help smaller companies to compete with the central bit tech companies. This is has further implications with democracy and politics, but let’s not go there right now…

  2. A token is digital asset created on top of the Ethereum protocol.

  3. You can create a token on Etheruem by utilising ERC20 to make a smart contract.

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#2662
  1. incentives to early adopters, helping small business grow and making it more productive as more contribution from peers. Protocol generates token that do not need to be paid to centralised organisations, rather early adopters.
  2. a token is a programmable money created using a smart contract on ethereum or other block chains. it can either be fungible or non fungible.
  3. using erc20 standard to create a smart contract on Ethereum
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#2663

  1. Web 3.0 brings with it the ability for underlying protocols to benefit financially. This allows new companies to go against big monopolies by attracting users via the ability of them to make money + by those users then trying to bring in more users for their own monetary gain. Plus, there’s no middleman.

  2. A token is a digital asset/cryptocurrency of decentralised apps/smart contracts running on the Ethereum network.

  3. Tokens are coded into smart contracts via Solidity.

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#2664
  1. What are the benefits of web 3.0 (decentralized internet)?
    The benefits of web 3.0. is that it is independent from major corporations, there is fewer middle men - remove trust from persons and there is more value. It would give the opportunity to smaller companies to compete with the large corporations.
  2. What is a token?
    A token is a cryptocurrency digital asset that is developed using a smart contract. Token is a currency based on an actual coin that implements a smart contract to handle it.
  3. How do you create a token on Ethereum?
    A token can be created by programming smart contracts on ethereum on standard ECR20.
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#2665

  1. What are the benefits of web 3.0 (decentralized internet)?
    inceptive to early adopters and being directly apart on the start of a new business. No middle man required.

  2. What is a token?
    A token is a representation of a smart contract being run on top of a blockchain.

  3. How do you create a token on Ethereum?
    You create a token programing a smart contract to with the rights comands to create it.

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#2666

  1. With the advent of web 3.0 allows for early adopters of startups/businesses/protocols an incentive to help grow new, powerful digital technologies, creating job opportunities, a disruption within powerful corporations such as google and facebook, thus bringing the golden age of the internet back on the forefront, where anything you could dream up, could be done with peer to peer autonomy.

  2. a token is a digital asset created on the Etherium/Blockchain/Cardano network, each with its own smart contract and incentives.

  3. a token can be created using the Etherium networks coding language, Solidity.

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#2667
  1. What are the benefits of web 3.0 (decentralized internet)?
    We can fight against monopoly of big players of web 2.0. and incentivate early addopters to join our project who can earn tokens. If project grow value of tokens grows too
  2. What is a token?
    a kind of digital asset which was set up on etherneum including its smart contract
  3. How do you create a token on Ethereum?
    using Etherneum with Solidity
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#2668

  1. What are the benefits of web 3.0 (decentralized internet)?
    In centralized internet, users give their data to the big companies for free. In decentralized internet users might be paid, e.g earning tokens for posting on Steemit.

  2. What is a token?
    A token is a digital asset which in case of ethereum is based on the ERC20 protocol.

  3. How do you create a token on Ethereum?
    A token can be programmed in Solidity.

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#2669

  1. Web 3.0 allows for there to be a shift in the valuation system. Now people can create value where they see fit and exchange currencies in accordance with what they see fit.

  2. A token is a currency that is built on top of an already established smart contract platform, which generally comes with its own initial coin.

  3. By creating a smart contract with the ERC20 standard code (or other for NFT’s ERC721 and ERC 1125).

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#2670
  1. What are the benefits of web 3.0 (decentralized internet)?
    • The benefits of web 3.0 is that it allows the people to take more control over the internet as opposed to the tech giants like Google, Facebook, etc.
  2. What is a token?
    • A token is a cryptocurrency that runs off of a blockchain. Tokens are most widely created as an Ethereum backed cryptocurrency. It can also be created on other platforms as well.
  3. How do you create a token on Ethereum?
    • Tokens are created on Ethereum by writing smart contracts that usually runs off of the ERC20 standard.
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#2671

ugh, i was celebrating that BTC had dropped to $48k and Eth to $1500 then this video came on with BTC at $8k and ETH at $200.

  1. The benefit of web 3.0 is that it incentivizes users and creators to contribute and improve the entire network, thereby spreading the benefits instead of all the money going to just the largest apps.
  2. A token is the currency of a dApp or protocol.
  3. Using the ERC-20 protocols
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#2672

1)incentive towards the people interacting with web 3.0
2) is a digital asset on top of a network like Ethereum
3)you can create a token on Ethereum by using ERC20 standard code and building the contract

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#2673
  1. What are the benefits of web 3.0 (decentralized internet)?
    Websites on the internet can now have their own cryptocurrency and own economic model which can reward/incentivize early adopters’ participation and content that can enable the dApps to challenge the current social giants.
  2. What is a token?
    A fungible (ERC-20) or non-fungible (ERC-721 NFT) unit of currency representing an asset or specific use that exists on their blockchain.
  3. How do you create a token on Ethereum?
    By creating a smart contract that defines certain specific parameters, such as its address and the total supply of tokens available to it, as well as other optional criteria.
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#2674

What are the benefits of web 3.0 (decentralized internet)?in web 2.0 noone was able to extract any value out of the underlying protocols of http and tcp, the value came only from those that wrote the apps like google and facebook…in web3.0, some of the value can go to those that contribute to the apps and the networks…so if you create posts or add likes to a web3.0 app like steemit, then you will be rewarded with crypto and all the value does not just go to the centralized developer of the app like in google and facebook…also, you can program it such that the early adopters get more compensation for their contributions to help build the network effects for the app and compete with the likes of facebook and google…a decentralized internet will likely prevent the extreme accumulation of wealth and power in the hands of the centralized few
What is a token? a token is a fungible (all the same) or non-fungible (unique) digital asset that sits on top of a blockchain
How do you create a token on Ethereum? you write code in the form of smart contracts that sit on top of the ethereum blockchain

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