Homework: Web3.0 and Tokens

Ethereum 101
#3158

  1. network value is captured at the protocol level, making it possible for small projects to incentivize user contribution on a p2p level.

  2. a token is a smart contract describing value on the ethereum network.

  3. tokens are created using the erc20 standard.

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#3159
  1. The benefits of web 3.0 include: blockchain integrated into the internet and all the things that come along with it - decentralization, public ledger
  2. A token is a crypto currency with smart contracts built on top of Ether.
  3. You create a token on Ethereum by following the rules of ERC-20
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#3160

  1. What are the benefits of web 3.0 (decentralized internet)? To establish a truly democratic, open, and free internet free from middlemen, censorship, and monopolization.

  2. What is a token? A token is a fungible or non-fungible digital asset created by a smart contract.

  3. How do you create a token on Ethereum? Programing a smart contract on Ethereum. ERC-20 Fungible, ERC-721 and ERC-1155 NFT

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#3161

  1. What are the benefits of web 3.0 (decentralized internet)?
    Programmable money, open to everyone, projects can build their own micro-economies where users get rewarded and not just the institutions like nowdays

  2. What is a token?
    A smart contract build on top of a smart contract platform such as Ethereum. Mostly connected to a project and with its own tokenomics.

  3. How do you create a token on Ethereum?
    Implements ERC-20/721/1155 standart and launch it. Very easy to launch, but hard to have success and adoption.

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#3162
  1. get paid for efforts
  2. smart contract representing currency built on blockchain network
    3.creating smart contract on ethereum platform
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#3163
  1. benefits are that smaller start ups are more able to compete to the big tech companies. This is archieved through an own token that can gain value. Therefore early adopters are rewarded and are motivated to help growing the project.
  2. a token is an ERC20 token built on top of the ethereum blockchain, with (usually) own use case and own incentive models
  3. Implement the IERC20 Interface in a solidity smart contract and deploy it to the ethereum blockchain
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#3164
  • What are the benefits of web 3.0 (decentralized internet)?

Money as a layer on the internet. Value is at protocol level. Fewer middleman. Trustless. Transparency. Tokens as incentives to use platform.

  • What is a token?

A token is a cryptocurrency/ digital asset (fungible or non-fungible) developed using a smart contract.

  • How do you create a token on Ethereum?

A token in Ethereum is a smart contract that may use a standard like ERC-20, ERC-721, ERC-233

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#3165

  1. What are the benefits of web 3.0 (decentralized internet)?
    In web 3.0 most of the value is captured at the protocol level. Users benefit from this value as opposed to the app developers in web 2.0 (eg Facebook, Google etc.). . in web 3.0 smaller developers have the opportunity to compete with the big players, particularly by being to offer incentives to early adopters to help build the network.

  2. What is a token?
    Tokens are fungible and non fungible assets built by smart contracts and Dapps which ‘sit’ on the Ethereum blockchain. It is often specific to a particular Dapp, website or organisation. Tokens, dapps and smart contracts also allow the ‘companies’ to apply their own economic models.

  3. How do you create a token on Ethereum?
    Tokens are created by implementing a smart contract or Dapp. which conforms to the standards set out by various ERC standards.The code is processed by the EVM and run on the Ethereum network.

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#3166

Homework on Web 3.0, and Tokens - Questions

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

The benefit of web 3.0 is that it is possible to have value in

• What is a token?

a token is a fungetable or non fungetable asset created by a smart contract, on the ethereum or other blockchain network.

• How do you create a token on Ethereum?

Use a smart contract.

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#3167

  1. A decentralized internet would give better opportunities for smaller companies to compete with large corporations that currently collect all revenue generated on the internet. They can achieve this by incentivising early adopters financially to use their new platform. Rewards will initially be higher than at a later stage with higher adoption, when the token used as incentive has increased in value as well.

  2. A token is a not a coin like Ethereum. A token is typically fungible like the ERC20 on Ethereum. A token for its functionality is dependent on the infrastructure of the blockchain on which it is based. For an ERC20 to move between wallets, gas(ETH) is needed.

A token on a blockchain is created by writing a smart contract, coding the logic and specifying the number of token.

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#3168
  1. Value can be captured at the user, developer, and stakeholder level.
  2. A fungible or non-fungible unit of account, built on top of a smart-contract platform
  3. Smart Contract(s) are developed to create/define a token.
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#3169

1 dapps, smart contracts can communicate with blockchain and internet websites
2 which was created on ethereum platform through a smart contract, they could use other platform as well
3 through a smart contract

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#3170
  1. What are the benefits of web 3.0 (decentralized internet)?
  • The most important benefit of web 3.0 its that the early adopters are the investors that will have more success over time and the monetary reward it`s not directed only to the applications that are built on top of it, but also the protocols that are used in the development get rewarded.
  1. What is a token?
  • is a fungible or a non-fungible asset that is built on top of a blockchain platform. Currently the biggest blockchain platform is Ethereum that has the Ethereum coin and the dapps built on top of the platform use tokens as currency.
  1. How do you create a token on Ethereum?
  • Using the standard ERC20 protocol to build and issue fungible tokens or using the ERC721 & ERC1155 to issue non-fungible tokens.
1 Like
#3171

  1. What are the benefits of web 3.0 (decentralized internet)?
    web 3.0 benefits are that new startup companies have the ability to compete to the big tech companies. This is accomplished by early investors owning tokens that can gain value. Therefore early adopters are rewarded and are motivated to help growing the project.

  2. What is a token?
    A token is a fungible or nonfungible asset built on a smart contract.

  3. How do you create a token on Ethereum ?
    By using the standard ERC20 protocol for fungible token creation or using the ERC721 and ERC1155 for non-fungible tokens.

1 Like
#3172

1)Early adaption gives opportunity for start-ups and small business growth and the exclusion of the middleman brings in a new economy which in time will become adapted to the mainstream. At that point the value will be high and more competition will bring drive costs and profits down. Get in it while it’s good like the gold rush!

2)Tokens are fungible/non-fungible assets digital assets developed on Etherium based on the ERC20 standards of adaptability to wallets and exchanges.

  1. A token is created from small contract programs on the Etherium blockchain.
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#3173

  1. The value can be distributed to content creators, not just to the applications

  2. A representation of a smart contract, which also can gain/lose value.

  3. By smart contracts (or even further dapps), and assigning them a token.

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#3174
- Benefits of web 3.0 is that it is a lot more attractive to be an early adopter of for example a small startup company. This is because the value of their token at an early stage is very low which means that you can get a lot of the tokens for a smaller price. When the company grows the value of token grows and you earn alot more money aswell.
- A token is a digital asset/cryptocurrency that can either be fungible or non-fungible. And it exists on a blockchain network. For example Ethereum is a coin and dogecoin is a token built upon the ethereum network.
- You create a token on ethereum by coding smart contracts and then connecting the smart contracs to a token adress and then deploying these smart contracts onto the ethereum blockchain. The code follows either the ERC20 (fungible token) standard or ERC721 and ERC1155 (NFT)
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#3175

1.Taking the power away from big tech and transferring it to the people. Early adopters are rewarded more.
2. A token is a smart contract on a network.
3.Trough solidity

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#3176

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

  • transparency & privacy, incentives for creators, decentralization, data ownership & sharing

2. What is a token?

  • a token is a cryptocurrency-application, running on (ethereum) blockchain (has no own blockchain).

3. How do you create a token on Ethereum?

  • by coding a smart contract
1 Like
#3177
  1. Web 3.0 let’s applications gives the opportunity for startup Apps to compete with the tech giants like google and international global banks, by incentivizing the users with crypto curacies or tokens (erc20) in many creative ways to adopt and invest in their new technology.
  2. A token is fungible (ERC20) or non fungible token (ERC 721 CRCN55) aced build on the eth network or other bc network.
  3. Tokens are created by writing a smart contract on the ETH network and runned by EVM based on some standard characteristics like ERC20.
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