- More oportunities to individuals, decentralized economy.
- A token is based on the standars of a coin.
- Using a smart contract.
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- In web 3.0 you have decentralised websites and dapps being developed.
- A token is a smart contract deployed on the top of the Ethereum network.
- By creating a smart contract on the Ethereum blockchain.
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- What are the benefits of web 3.0 (decentralized internet)?
That the users can also get value, especially early adopters - What is a token? I a digital asset, can be fungine or non fungible.
- How do you create a token on Ethereum? They can be created through smart contracts and/or DApps.
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What are the benefits of web 3.0 (decentralized internet)?
One of the benefits is that it becomes more economic incentive for all participants since value can be transferred between parties on a programed/protovol level. -
What is a token?
A cryptocurenccy that build on top of a coin like ETH that implemets a smart contract to handle it. -
How do you create a token on Ethereum?
You can create a new token on ethereum with a smart contract that follows the standards (ERC20, ERC721 or ERC233)
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1: A benefit is that no central entity holds the value like in web 2.0. All of the value is held in the protocol, ie Ethereum and all of those who hold its native coin, Ether.
2: A token is a incentive to run and participate in a smart contract/DAPP experience being executed on a blockchain network like Ethereum.
3: You can create a token on Ethereum by utilizing the Solidity programming language to write smart contracts that will either produce an ERC-20 fungible token or either ERC-721/ERC-1155 to create NFT’s.
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1.Most of the value goes to the protocol and not only the apps,
2.You can build smart contracts on top of ethereum and each contract can represent its own crypto currency, which are called tokens.
3.ERC20 standards defines how we program this standards so that all tokens can function and the code is layed out the same way, then all exchanges and wallets can support the tokens from the beginning.
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Q. What are the benefits of web 3.0 (decentralized internet)?
A. Ability for the individuals to be monetarily incentivized to be early adopters and them to benefit instead of the benefits going to the companies at the very top.
Q. What is a token?
A. It is a cryptocurrency that is built on smart contracts that is created on top of Ethereum.
Q. How do you create a token on Ethereum?
A. Built on Ethereum using Solidity utilizing the ERC 20, ERC 721, or ERC 1155 standards.
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Web 3.0 allows for early adopters of Dapps to have skin in the game, and supports growth of business, as a form of shareholder. This benefits the users, rather than big tech.
A token can be a store of value, or utilized to support technologies that utilize smart contracts and Dapps to create new Web 3.0 applications.
If you create a Dapp, utilizing Ethereum’s smart contract ERC2O protocol, you can create your own token, which supports your platform, and incentivizes users to use your platform.
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- Internet Income - network effect, moves away from applications like FB, google making all the money. moves towards wealth distribution in a fair and honest way.
- tokens for ERC20 are all created identical and have the same value and are fungible.
Tokens for ERC721 or ERC1155 are game tokens and each are unique and nonfungible - Needs Etherium to make and create so exchanges and wallets can support them from the start.
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1.a decentralized network gives oppertuniy for small companies to compete with big coporations.
2. a token is build using smart contracts on top of etheruim. it can be used as a value asset
3. A token can be created using smart contracts with some standards like erc20
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Motivation for early adopters gives chance for small companies to compete with big corporations.
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Fungible or non fungible digital asset built on top of blockachain
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Create a smart contracts using ERC20 standard
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Everything is decentralized and anyone can profit from the protocols compare to Web 2.0
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A token is a smart contract that has its own properties and value that runs and executes on the Ethereum network. A token also acts like its own cryptocurrency.
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Using the ERC-20, 721, or 1155 standard is the only way to create a token on ETH.
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1 The benefit of web 3 is that ethereum is the backbone of the blockchain and how the decentralized internet works. This plays out always that in order to buy a token ether is needed as gas therefore this causes ethereum to stay valuable.
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These are smart contracts that are built on the ethereum blockchain.
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Write a piece of code tied the ethereum blockchain (smart contract) have people be incentivized in the early stage of the existence of the token. If your token becomes more popular the value of your token at the time of it’s popularity will not have the offer any more of incentivizing early users.
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- What are the benefits of web 3.0 (decentralized internet)?
Small players can bring in new users by offering financial incentive. Allows them to compete with Facebook, Google, etc., will break the monopoly of the few exceeding popular companies. - What is a token?
A token is built on smart contract platforms. It has a fixed supply based on a smart contract. - How do you create a token on Ethereum?
Smart contracts
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- The biggest advantage is that you will NOT have the monopolies of companies on the network. Another big element is that protocols gain you value because the trust is in the math rather a central entity. In web 2.0, HTTP creators did not gain anything.
2.A token is a coin that is built on Ethereum’s blockchain. - You create a token on Ethereum by having ETHER, once you have ETHER you can deploy a smart contract or create a DAP or create a token. You create a token by using Solidity or Viper to code the token into existence on the Ethereum blockchain.
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- Gives the smaller companies an opportunity to build a platform that can compete with the larger companies, provides a platform without censorship, the developer of the script, gets paid for the platform being on top of their network.
- a token is an asset built on block chains, fungible or non fungible.
- Using the erc-20 protocol to create a smart contract.
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Its decentralized, rewards early investors.
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Its the product of a smart contract, being fungible, all are the same, or unfungible, each one is different.
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Using Solidity.
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The benefits of web 3.0 is the protocol capture the value. Unlike web 2.0 where the application built on the protocol captures the value
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A token is the monetised digital assest of a dapp build on a platform such as ethereum. Either fugiable or non fungible
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A token is created on the eth platform by using the ERC20 standard for fungible token and ERC721 and ERC1155 for NFTs.
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The monopolys of Web 2.0 will have decentralized competition, Web 3.0 allows for use of money as layer on the internet. Early adopters have financial incentives to use platforms.
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A token is a unit of value, a fungible or non-fungible digital asset, deployed by a smart contract on top of a blockchain with smart contracts.
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You use solidity or viper to write a smart contracts using either the ERC-20 or ERC-777 standard. Simple written tokens are usually not secure.
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- Web 3.0 value is captured on the protocol level, unlike Web2.0 using http, https, ftp, tcp protocols but the value is capture on the application built on Web2.0. For example coins, tokens built on top of Ethereum is dependent ether so the more adoption on dapps the higher the value of Ethereum will be. Also hard to censor in Web 3.0.
- Token is a fungible asset created on top of a protocol. Like tokens built on top of Ethereum ERC20.
- By creating smart contract and programming using solidity you can create a new token.
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