Homework: Web3.0 and Tokens

Ethereum 101
#281
  1. Benefits are : protocol is rewarded by users, protocol managers (miners) are rewarded by users, investors are rewarded by the users. Apps providers are not rewarded, which means people get rewarded, not a single entity.

Comment : developpers are not rewarded by the network, which is not a incentive to develop on the blockchain, will someone create a system to tackle this challenge? maybe, i hope, ICOs are not a decentralized way to do it.

  1. A token is an asset programmed on top of a coin, which has his own economics.

  2. By coding a smart contract, it can be based on the ERC-20 standard or some others.

1 Like
#282
  • What are the benefits of web 3.0 (decentralized internet)?

One of the largest benefits of web 3.0 is the transference of value across the internet.

  • What is a token?

A token is a representation of some kind of value, one may make a token as a currency or one may tokenize their real world assets.

  • How do you create a token on Ethereum?

One may create a token on the Ethereum network by building code through Solidity that can be complied through the Ethereum Virtual Machine.

1 Like
#283

  1. The internet of money, if you are an early adopter you can get great economical value. Anyone can grow, small businesses, individual. No middle men, decentralized.

  2. A token is built upon a smart contract platform such as Ethereum, EOS etc…

  3. Anyone can build a token using a smart contract, such as ERC20 for fungibility or Non-fungible as ERC721

1 Like
#284

1. What are the benefits of web 3.0 (decentralized internet)?
A decentralized internet will offer to individuals and small companies the chance to compete with large corporations such as Google, Facebook, etc.

2. What is a token?
A token is a digital asset that can be transferred over the Internet without requiring the consent of a third party. Tokens are at the heart of the ICO (Initial Coin Offering) mechanism.

3. How do you create a token on Ethereum?
By creating a smart contract.

1 Like
#285
  1. What are the benefits of web 3.0 (decentralized internet)?
  • More dynamic and a game changer - can connect content providers directly with a paying / appreciative audience cutting out the middleman. It levels the competitive fields.
  1. What is a token?
  • A token is built upon a blockchain such as EOS, Tron or Ethereum and is either a fungible or non-fungible unit.
  1. How do you create a token on Ethereum?
  • Write a contract in Solidity utilising the ERC20 standard. Once deployed it will be read by the EVM and verified on the blockchain.
1 Like
#286
  1. We can earn value from the PROTOCOL (Web2.0 was not able to do that)
  2. While ETHER is a coin, the other are TOKENS. They are cryptocurrencies that are used for a specific purpose, like buying a particular good or service.
    They are build upon the ETHEREUM protocol and they are used to trade specific services or products.
1 Like
#287
  1. The benefits of web 3.0 (decentralized internet) are it allows smaller entities to compete with large (too big to fail) entities/Corporations. It does this by connecting the ppl with the content directly with the ppl appreciating it, thus eliminating the middle man. It also incentivizes early adoption.
  2. A token is a digital asset/unit of value “crypto currency” that is built upon a blockchain (which has coins as opposed to tokens) that enables/supports smart contracts such as ethereum, eos, tron, neo etc.
  3. You can create a token on ethereum via a smart contract. dapp
1 Like
#288

  1. Web 3.0 allows for the opportunity of an internet space based on a free market. New platforms can be created on top of protocols, which will interdependently create value between the new platform and the protocol supporting it. It will be easier for new applications to be created with financial incentive.

  2. A token is a digital asset that can be built upon smart contract platforms like Ethereum. The token can support its own market and/or purpose, and can add to the value of the platform it is built upon.

  3. To create a token on Ethereum, one most first hold ETH. A smart contract must be written, and the ETH is used to run the contract (gas).

1 Like
#289

1. What are the benefits of web 3.0 (decentralized internet)?
Everyone can create his own platform on top of the ETH according to the protocol. And another benefit of Web 3.0 is that when people post or like some content on the internet, they will also get the reward.

2. What is a token?
Tokens are a kind of cryptocurrency that is made on top of ETH or Smart contract. And there are two kinds of tokens, one is fungible, which can be easily deployed on the platform of ETH. It is created according to the standard ERC 20. Another kind of token is unfungible, which means these tokens are unique, can not be exchanged easily, and its standard is ERC721 and ERC1155.

3. How do you create a token on Ethereum?
Please look at the second question.

1 Like
#290
  1. We can potentially compete against the huge companies like Facebook, Youtube and Etc with an incentive early adoption by being part or investing early.
  2. Token is a function within the Crypto Network
  3. You have to follow ERC20 format and deploy on ETH Network
1 Like
#291

  1. Allows smaller projects to compete with big companies.
    It cuts out middlemen and incentivize contributors, specially early adopters.
    Underlying protocols can generate value.

  2. A token is a programmable digital asset put on a blockchain by a SC.
    Could represent anything really.

  3. A token on Ethereum is created by programming a SC using the ERC20 standard.

1 Like
#292
  • What are the benefits of web 3.0 (decentralized internet)?
  1. Smart contracts do the work of humans. Code is law. Value can be created that cannot be shut down or simply turned off. Ethereum the protocol captures value especially through the need of gas to fuel tx’s.
  • What is a token?
  1. Small applications built on top of a protocol. Usually protocols have a token representation of their platform such as Ethereum using ether to fuel tx’s and also used as a native currency such as again, OpenSea where people trade and sell tokens for other ERC20 tokens including ether.
  • How do you create a token on Ethereum?
  1. Depending on the use for the token, you can create ERC20 standard fungible token, ERC721 (cryptoKitties) NFT, or an ERC1155 which is known to be used by the Enjin gaming wallet…I believe. You can use Etherscan.io to ensure the contract address is not being used by any other token. Choose how many decimals you want and that is simply where my know how ends. Not sure what Ethereum app or dapp enables this process.
2 Likes
#293

1] Decentralisation of content. Smaller entities can compete with big corporations.
2] A currency built on top of etherem
3] A token can be created by issuing a smart contract

1 Like
#294
  1. What are the benefits of web 3.0 (decentralized internet)?
    Including smart contracts into WEB (DAP) applications connected to smart contract and blockchain can be provided new type of services. These services can benefit from various properties of blockchain as handle value, proof various type of actions and allow to remove current middleman services. Web 3.0 services can be build with new economical models and can also financially incentive users to use the service. It is possible that services with new user incentive models could successfully compete with current established giant companies.
  2. What is a token?
    It is digital asset build on top of Ethereum or other smart contract platforms.
  3. How do you create a token on Ethereum?
    Using smart contracts.
1 Like
#295

  1. New companies can incentivise people to engage in early adoption and are not as much at the mercy of the internet giants.

  2. It is currecy built on the underlying base technology like Ethereum or similar

  3. Building your own platform through smart contracts on top of a base architecture like Ethereum.

1 Like
#296

  1. Protocol captures value and can re-distribute that value to users as growth incentives to speed network effects up and also creates new avenues for brand new economies to grow. It also creates an opportunity to break up the traditional power monopolies of WEB 2.0 and increase SME competition viability.

  2. A token is a smart contract that represents an asset and is developed on top of an existing smart contract protocol.

  3. Write a smart contract in solidity using the ERC20 standard.

1 Like
#297

  1. web 3.0 allows value to be captured at the protocol level. As such, users can be more directly incentivized as they have access to that value.

  2. A token is an smart contract representation of a currency or asset, typically created on Ethereum

  3. With the ERC 20, ERC 721, or ERC 1155 protocol

1 Like
#298
  1. The benefits are: 1. Protocol makers get rewarded;2. Content makers get rewarded instead of the middle man.
  2. Token is the smart contract value.
  3. Make a smart contact.
1 Like
#299
  1. What are the benefits of web 3.0 (decentralized internet)?
    It will create opportunity for new and smaller companies to compete with the large companies such as Google and Facebook.
  2. What is a token?
    A token is a digitial asset or cryptocurrency that is developed on a platform such as Ethereum or EOS using a smart contract.
  3. How do you create a token on Ethereum?
    You create a smart contract on a platform such as Ethereum which complies with the ERC20 standard.
1 Like
#300

  1. What are the benefits of web 3.0 (decentralized internet)?
    Value are created on the protocol level and spread across the network. It is more fair as it prevents more monopoly. People or community gets to deceide. Don`t have to rely on 3rd parties that much. More freedom!

  2. What is a token?
    A token is a smart contract built on top of the protocol/coin. It could be a ownership in a DAPP. You can for example buy ERC20 tokens.

  3. How do you create a token on Ethereum?
    You make a smart contract and put it on top of the Ethereum protocol.

1 Like