Homework: Web3.0 and Tokens

Ethereum 101
#3098

  1. More people will want to interact with it because there are more economic incentives to get involved. With decentralization, there is increased transparency with a system that gets rid of the middleman and instead rewards the users.

  2. A token is a cryptocurrency that is built on a smart contract platform.

  3. As a smart contract.

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#3099

  1. A benefit would be, that nobody could shut down the internet, if ddos attacks may happen or governments shutting down the country, every other paricipient of the Internet 3.0 would have still accsess to data. No middlemen to cope with.

  2. Token do not have an own blockchain, but they may based on them e.g. Ethereum. Tokens are more ore less SC with a value or a function.

  3. You need the ERC20 generator, a wallet to manange ETH blockchain and some ETH for cost coverage.

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#3100
  1. What are the benefits of web 3.0 (decentralized internet)?
  • In Web 3.0, introduction of decentralized Apps which allow integration of a token economy to provide incentives and rewards for participating in the network- particularly for early adopters.
  1. What is a token?
  • A token represents a programmable fungible or non fungible asset or access rights, managed by a smart contract and created on a blockchain (like Ethereum etc.).
  1. How do you create a token on Ethereum?
  • A token can be created by implementing a smart contract and using one of the standard ERC20 (for a fungible token) or ERC721 and ERC1155 (both used for non-fungible tokens).
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#3101
  1. Web 3.0 creates a more open and transparent internet, applications become more smart, private, and decentralized. middlemen will be reduced, data will be safe.
    2.tokens are digital assets, built on top of coins, which can be created using smart contracts.
    3.Based on tokens whether its fungible or non-fungible respective standard interface are used to create tokens. https://www.youtube.com/watch?v=d5EipPVafsA with implementation guide to create and deploy token in test network.
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#3102

  1. The benefits of web 3.0 is a new learning and smart internet that markets to the consumer in a better way and better filtering to allow the best data possible in web searches

  2. Tokens are digital assets built on top of the Ethereum blockchain, representing their own cryptocurrencies

  3. Tokens are smart contracts built on top of Ethereum’s platform using the fungible ERC-20 standard or a non fungible standard like ERC721 or ERC1155.

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#3103
  1. Generates value from the protocol level and enables incentivised early adoption which makes it easier to compete with established monopolies.
  2. A token is a smart contract that can be used to represent an object or it’s own value.
  3. Program a smart contract according to the applicable ERC standard.
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#3104
  1. What are the benefits of web 3.0 (decentralized internet)?

Protocol will able to capture lot of values. Capability build Decentralised Apps (DAPP) with the help of smart contract.

  1. What is a token?

It is a fungible or non fungible digital asset built on top of the pre-existing blockchain. It has it’s own economic model but it’s highly reliant on native token for any sort of transaction.

  1. How do you create a token on Ethereum?

It can be created by building smart contracts on the pre existing blockchain. It requires some programming skills. For Fungible tokens (mainly currencies) you can use ERC20 protocol. And for Non Fungible tokens mainly non currency digital assets that are unique in nature can be build with the help of ERC721 & ERC1155.

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#3105

1. What are the benefits of web 3.0 (decentralized internet)?
Value can be created and exchanged.

2. What is a token?
A cryptocurrency of a smart contract.

3. How do you create a token on Ethereum?
Create a smart contract and program the token with an ERC20 standard.

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#3106
  1. What are the benefits of Web 3.0? Decentralised internet enables everyday users to be rewarded for their efforts instead of the big corporates. Users will be able to create their own economies and industries.

2.What is a token? Tokens are a smart contract built on ETH or any other blockchain. They can represent the value of an asset or service.

3.How do you create a token on Ethereum? Tokens are created using smart contracts.

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#3107

  1. What are the benefits of web 3.0 (decentralized internet)?
    Data are not handled by the companies that own it, but by the protocol that used. So they are available in blockchain form to any contributor to it.

  2. What is a token?
    A token is a new smart contract that is created upon a platform like Ethereum, Cardano, Polkadot etc.

  3. How do you create a token on Ethereum?
    You just create a smart contract that serves a new case study by applying also the ERC -20 standard.

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#3108

Web 3.0 allows for smaller businesses to take control of their data instead of the largest applications having control ie. google, FB etc.
A token can be a fungible or non-fungible cyptocurrency. A token has value when it abides by the ERC-20 standard or standards required for games.
A token is created using code which has for instance, ERC-20 standard embedded within in for a standard fungible token.
A non-fungible token is used in games and for instance uses the following standards, ERC 721 and ERC 1155.

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#3109
  • What are the benefits of web 3.0 (decentralized internet)? Web 3.0 allows for greater privacy, less spam, incentives for both creators and users of apps, better web browsing.
  • What is a token? A token is cryptocurrency that is used to store value or make purchases.
  • How do you create a token on Ethereum? You can create a token through a smart contract.
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#3110
  1. What are the benefits of web 3.0 (decentralized internet)?

Power and value lies within the protocol. Provides the opportunity for smaller enterprises to compete with tech giants.

  1. What is a token?

A digital asset

  1. How do you create a token on Ethereum?

Via smart contract

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#3111
  1. What are the benefits of web 3.0 (decentralized internet)?

Small companies have more opportunities to compete with giants. Incentive for early adopters as they can earn more tokens that will add value with time and more users. Removal of the middlemen.

  1. What is a token?

A token is a fungible or non-fungible programmable digital asset that represents value on a blockchain protocol.

  1. How do you create a token on Ethereum?

With a smart contract, i.e. write with solidity, run it through a compiler, then have the EVM execute the byte code.

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#3112
  1. The value is captured by the basic protocol and not by industry giants like Google or Fb.
  2. A token is built on top of a coin such as ETH or DOT, or ADA for example. ERC20 tokens are used to transfer value, ECR721 and 1155 are used for gaming
  3. By creating a smart contract on the Ethereum network using the standard ERC20 for fungible tokens and ERC233 and ERC721 for non-fungible tokens
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#3113

  1. What are the benefits of web 3.0 (decentralized internet)?
    The benefits of decentralized internet: it will create incentivize economies, privacy, transparency, fewer middleman and monopolies.

  2. What is a token? A digital asset built on the Ethereum or EOS blockchain.

  3. How do you create a token on Ethereum? By creating smart contracts and using ERC20 token standard.

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#3114

  1. Allows smaller companies to compete in industries that are dominated by established large companies. More censorship resistant and greater transparency. Less need for 3rd parties or middlemen.

  2. A token is a value based smart contract created on the blockchain layer. They can be either fungible or nonfungible.

3.tokens are created by writing a smart contract in solidity using the erc-20 standard.

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#3115
  1. What are the benefits of web 3.0 (decentralized internet)?

Taken into consideration how web 2.0 has evolved, all the languages which built the websites such as HTML, Java provided value to the applications such as Google, Facebook, etc. Web 3.0 takes it one step further and incentivizes the user experience, so whether it’s interacting with the application through posting/liking, how an application is valued is based on the market economy.

  1. What is a token?

A token is a cryptocurrency built on top of a coin such as Ethereum and can be fungible to non-fungible in nature.

  1. How do you create a token on Ethereum?

Tokens build on ETH use smart contracts or DAPPs (decentralized applications). Smart contracts are bits of code deployed into an EVM (Ethereum Virtual Machine) and DAPPs can be considered applications communication with websites/servers.

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#3116

  1. What are the benefits of web 3.0 (decentralized internet)? -->
    a. Value is provided to the person who built the underlying protocol or standard.
    b. It removes power from centralized authorities who are incentivized to maintain control themselves.
    c. It introduces new economic models (eg: STEEMIT social media)

  2. What is a token? --> It is a cryptocurrency built on top of one of the SC platforms (ETH, EOS,NEM,etc…)

  3. How do you create a token on Ethereum? --> You define and build a SC that conforms to one of the ERC Standards defined by ETH.

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#3117

A decentralized internet would give the common joe an opportunity to compete with large corporations as early adopters are incentivized to use a new platform for they will be rewarded with a higher number of tokens than later in a platform’s life cycle when adoption has increased and the value of those tokens have as well.

A token is a cryptocurrency/digital asset (fungible or non-fungible) that is developed using a smart contract (Ethereum, EOS, Tron, etc.)

A token can be created on Ethereum using a smart contract

2021-04-19T22:19:00Z

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