Homework: Web3.0 and Tokens

Ethereum 101
#2998

Benefits of Web 3.0 is you can program money. There can be nice economies that have their own ecosystems and incentives to use the network. This increases competition for internet monopolies like facebook. It also takes the middle man out of many interactions because the users can trust the protocols rather than people.

A token is fungible or non fungible asset created on blockchain networks such as ethereum & written in smart contracts. It is basically a programmed currency often with a fixed supply.

You can create a token on Ethereum by coding it in smart contracts. The standard for tokens is ERC 20 if they are fungible tokens, or ERC 721/ERC1155 for nonfungible tokens.

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#2999
  1. What are the benefits of web 3.0 (decentralized internet)?

Web 3 provides decentralized platforms with no or little central authority. its own token(omics), where users and creaters can be compensated for the content they create or effort they contribute to the particular Dapp and it’s ecosystem.

  1. What is a token?
    a token is an asset built on a smart contract platform

  2. How do you create a token on Ethereum?
    you build it on top of the protocol, usually with a token standard like erc-20 or otherwise

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#3000

  1. With decentralized protocols, value can be captured by the creators rather than tech monopolies.

  2. A token is a smart contract used to exchange value over the network, and the asset it represents can be fungible or non-fungible.

  3. To have a token on Ethereum, create a smart contract and follow the token standards that you need to follow.

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#3001

Web 3.0 allows us to take back control from the internet giants, it is private secure and also transparent.

A token is a representation of a tradeable digital asset that lives on top of the network.

To build an Ethereum token create a smart contract, a template could be used, MUST ensure it meets ERC20 and deploy the contract on the blockchain

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#3002

  1. Besides being able of capturing the value on a protocol level, you have a lot of decentralization and early adopters of the platform can be rewarded.

  2. Fungible assets built on top of a Blockchain, normally using the ERC20 standard. You can trade tokens for commodities or other crypto currencies, and you also have the non fungible tokens (NFTs).

  3. You can create a smart contract coded on solidity, then applying the ERC20 as standard.

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#3003

The benefits of web 3.0 (the decentralized web) are more innovation, improved security, transparency, more choice and freedom for users. These benefits are all derived from a more competitive landscape that comes from the ability for smaller, new companies and projects being able to come up with a new idea, build it and incentive early users with large amounts of their own token.

A token is digital asset that can be fungible or non fungible and created as a way to incentive users and investors in a project or protocol.

You create tokens on ethereum using smart contracts with either erc-20 (fungible) or erc-721 or erc-1155 (non-fungible)

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#3004

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

  • The protocol owner receives rewards from developers e.g. Ethereum --> GAS.
  • Developers of smart contracts–>dapps can develop their own economies c/f ecosystems.
  • Content providers are rewarded.

2. What is a token?

  • A digital asset non fungible (specialized), fungible = generic smart contract coin built using the appropriate ERC standard on top of the Ethereum protocol layer.

3. How do you create a token on Ethereum?

  • Developers use the [ERC20,ERC721,ERC223,{…}] standard create a smart contract, deploy it the network for execution bringing it into existence.
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#3005

  1. Early adopters are incentivized to collaborate with the network (by bringing value) to help different projects grow and increase adoption.

  2. They are smart contracts with their own (crypto)currency built on top of a Ethereum.

  3. Coding into a smart contract and following a Standard set of (code)rules called ERC20, ERC721 or ERC1155.

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#3006

1.The benefits of web 3.0 is that you are able to make a DAPPS combining a smart contract with the web along with a central server.
2. A token is a ERC20 standardized made through Ethereum via Solidity, also a fungible token.
3 A token has to follow a standard program as a ERC20 token through Ethereum network via Solidity language.

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#3007

  1. Efficient searching , More efficient web browsing ,Effective communication, Change human interaction.

  2. Represent an asset or specific use and reside on their blockchain.

  3. Using a smart contract

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#3008

  1. Some benefits of web 3.0 are decentralizing economic and political power by creating a framework in which small businesses can thrive and monopolies become a thing of the past. Early adopters are incentivized to use new platforms because they can see huge returns on their investment and participation. Overall, there will be an increase in privacy, freedom, and innovation and a decrease in corruption because of the new decentralized economy and mass public transparency.

  2. A token is a fungible or non-fungible asset created on top of a blockchain.

3.A token can be created on the Ethereum network by writing a specific smart contract for that token/Dapp.

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#3009
  1. What are the benefits of web 3.0 (decentralized internet)?
  • Web 3.0 brings the economic value to the base protocol level, Ex: ETH, ADA and DOT are coins of smart contract protocols. This is in contrast to Web 2.0 where all economic value goes only to the applications built on top of the base protocol level; Ex: all value goes to companies like Google and Facebook, where as hardly any value goes to the inventors of JavaScript and HTTP.
  1. What is a token?
  • A token is a digital unit of currency that runs on top of a base protocol. Base protocols like ADA, ETH, DOT and BTC are all coins; in contrast to DAI, Tether, and UNI which tokens that run on top of the Ethereum protocol. Tokens can be fungible or non-fungible (NFTs).
  1. How do you create a token on Ethereum?
  • By coding a smart contract in the Solidity language
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#3010

  1. It helps small businesses grow by rewarding early adopters.

  2. A non-fungible or fungible token is a digital asset on the ethereum blockchain.

  3. By making a smart contract using a token standard like erc-20

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#3011
  1. What are the benefits of web 3.0 (decentralized internet)?
    The benefits of web 3.0 is that we are giving value to the protocol. Instead of all the apps that are being built on top of the protocol reaping all the benefits this gives money to the actual protocol used to build those apps. By doing so you can do many crazy things like steemit is doing to combat the giants of the tech industry. You can incentivize people to use smaller platforms by creating a beneficial economy for them to participate in if they believe that the project is good. It is never good for monopolies to exist in the human world and this is just one solution that web 3.0 is introducing to the network.
  2. What is a token?
    A token is are tokens build on top of Ethereum or other smart contract platforms known as coins. These tokens can be used to build its own currency to create its own economy and create its own model
  3. How do you create a token on Ethereum?
    You can create tokens on Ethereum using a smart contract and creating dapps on top of the Ethereum network or even other smart contract platforms
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#3012
  1. What are the benefits of web 3.0 (decentralized internet)?
    You will be able to access data from virtually anywhere by the using smartphone and cloud application in a secure manner. Websites will be intelligent (human like) and will be able to provide relevant results. It is an evolution of the internet.
  2. What is a token?
    It is a type of cryptocurrency that represents an asset or a specific use. It is has been built on top of another blockchain as opposed to a coin which is native to it’s own blockchain. Tokens are an encrypted string of data that is created when a transaction occurs.
  3. How do you create a token on Ethereum?
    Decide what your token will be and create it as a smart contract on Ethereum by coding the contract.
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#3013

  1. What are the benefits of web 3.0 (decentralized internet)?
    Incentivizing early adopters allows upstarts to compete with the big companies because of blockchain. Value is the result as more users participate in the decentralized process. Transparency and lack of “the middleman” increases contribution and rewards possibilities.

  2. What is a token?
    A smart contract unit of value on the blockchain (Ethereum) layer. Fungible or nonfungible.

  3. How do you create a token on Ethereum?
    Smart contracts create tokens on Ethereum. ERC20 is the standard, whereby connected wallets, gas use, convert into Ethereum for execution of the smart contracts.

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#3014

1 What are the benefits of web 3.0 (decentralized internet)?
Users are in charge of their data.

2 What is a token?
Digital (fungible or non fungible) asset built on blockchain platform like Ethereum.

3 How do you create a token on Ethereum?
Build a smart contract using the ERC-20 standard.

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#3015
  1. What are the benefits of web 3.0 (decentralized internet)?

The value of the web3.0 can be captured by the protocol not just by the applications running on it.

  1. What is a token?

This is smart contract running on top of a smart contract platform like Ethereum that executes a specific set of commands that can give value to its user. The use pays a fee to this contract which in turn rewards him with a token which holds that value.

  1. How do you create a token on Ethereum?

Create an ERC 20 complain smart contract that you send to the network.

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#3016

What are the benefits of web 3.0 (decentralized internet)?
transparency. all code deployed to Ethereum for example can be inspected and checked by anyone.
control. No large corporation such as Amazon controls the code you have deployed. For example you could deploy an entire website to AWS and if Amazon deems you have violated their terms of service they can shut down your deployment without any way for you to seek redress. This is not possibe for smart contracts deployed to Ethereum for example. Once deployed a smart contract cannot be undeployed. It is immutable and is there on the blockchain forever.
Fewer middlemen. Using smart contracts it is possible to set up decentralised exchanges without have to rely on trusted third parties to provide liquidity and a settlement layer that may take days to fulfill. With smart contracts decentralised exchanges can be trustless and instananeous, adding greatly to profitability and efficiency.
What is a token?
A token in the world of blockchains has its own smart contract that represents digital assets that can have value. The token is defined by a name, a decimal and a symbol eg Monero, XMR that are properties of the smart contract.The smart contract keeps track of the total supply of tokens that are available and enables these tokens to be sent and received from different addresses on the blockchain.

How do you create a token on Ethereum?
A token can be created implementing a smart contract and deploying it on the blockchain. For Ethereum a developer would define a smart contract that implements the ERC20 standard

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#3017
  1. All value used to go to large corporations only. Now smaller entities can experience financial reward.
  2. Anything used on the ETH blockchain.
  3. Smart contract on ETH.
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