Homework: Web3.0 and Tokens

Ethereum 101
#3178

  1. What are the benefits of web 3.0 (decentralized internet)?
    Benefit is that inventors and investors in infrastructure are sharing profit, not just applications on top of infrastructure as it is now

  2. What is a token?
    Token is specialized block chain currency based on block chain network, for example based on Ethereum

  3. How do you create a token on Ethereum?
    By creating special set of rules and follow standards.

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#3179
  1. What are the benefits of web 3.0 (decentralized internet)? Some of the benefits include (a) the ability to financially profit at the protocol level of programming, (b) permitting economic incentives for ‘regular people’ to engage in small start up projects, permitting a system that fosters an ability to compete with big tech companies.
  2. What is a token? a digital asset (either fungible or nonfungible) that does not have a native blockchain
  3. How do you create a token on Ethereum? by programming it using Solidity and adhering its programmatic standards to the ERC20 standards
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#3180
  1. Logs have the added value and applications like Google, WhatsApp … do not get the profit
    on top.
  2. A token is a value in the blockcain.
  3. A token can be created through smart contracts on ETH.
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#3181

1)What are the benefits of web 3.0 (decentralized internet)?
read-write-execute web, the web become a database, it makes content accessible by multiple non-browser apps and leverages artificial intelligence
2) What is a token?
Tokens are a representation of a particular asset or utility, that usually resides on top of another blockchain.
3)How do you create a token on Ethereum?
You use ECR20 or another standard to produce a Smart Contract on top of Ethereum and that’s your token

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#3182
  1. Everyone benefits from participating in the network when it is successful, not just big companies
  2. Currency designed by Dapps based on coins like Etherium
  3. Create a smart contract
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#3183

  1. A decentralized internet would give the opportunity for smaller companies to compete with larger corporations like Facebook and Google. Early adopters are incentivized to use a new platform as 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

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

  3. A token can be created on Ethereum using a smart contract

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#3184

What are the benefits of web 3.0 (decentralized internet)?
What is a token?
How do you create a token on Ethereum?

Web 3.0 functions with decentralized websites. Incentive is to get in early to gain more value (money) because of still growing networks (Metcalfe’s law), so start ups can compete with the giants on the net.

A token is a digital asset (FT of NFT) built on a layer like Ethereum, ESO or NEO.

A token is created as a smart contract using code (like ERC20 standard).

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#3185

  1. Decentralised websites and dapps that incentivises and rewards early users for their use and contributions like posting, sharing and liking content.

  2. A token is a type of cryptocurrency that is built on top of Ethereum that has its own use cases and incentive models.

  3. Tokens can be created on Ethereum with a smart contract.

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#3186
  1. smaller companies can compete with industry giants. early adoption incentivize
  2. cryptocurrency build on top of some blockchain
  3. use trustswap. Or you can create a token via smart contract on top of blockchain
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#3187
  1. the benefits of web 3.0 are that the users get incentivized as opposed to the giants getting all the rewards on web 2.0. more power to the users.
  2. a token is a reward that has value and has a practical use or function for a particular smart contract or dapp.
    3.we create tokens on etherium by building a smart contract on top of the etherium blockchain that has a use or particular function on the system.
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#3188

  • What are the benefits of web 3.0 (decentralized internet)?
    Captured value for everybody not only for big internet giants like google, FB…

  • What is a token?

A token is a cryptocurrency that is made using a smart contract.

  • How do you create a token on Ethereum?
    Token is created by smart contract using agreed standrad like ERC20
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#3189
  1. What are the benefits of web 3.0 (decentralized internet)?
    Early adoption is incentivised enabling start ups to compete with the giants.
  2. What is a token?
  • A digital asset/crypto built through a smart contract on a blockchain like Ethereum
  1. How do you create a token on Ethereum?
  • Through the ERC 20 standard you can program a smart contract on top of Ethereum.
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#3190

1.) In Web 3.0 there are no monopoly Companies like google. They had to share their position with smaller companies. Web 3.0 adds a programmable payment-system to Applications. In such a system the creater will profit from it, not like in Web 2.0 where the founder of http oder tcp protocols gain nothing.
2.)A token is a fungible or non fungible asset on a blockchain. There are many Tokens on the Ethereum-Blockchain.
3.)You can code it in a laguage like solidity and feed the EVM with that. When the code is not evil, than it will broadcasted to the nodes and become a part on the erc-20 chain.

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#3191

  1. What are the benefits of web 3.0 (decentralized internet)?
    a. The main benefits of Decentralized internet is the ability to protect our personal data from being used by social media or the big bro’s of internet.
    b. The ability to share data using peer to peer technology without any middle man
    c. The ability of small companies to compete with bigger giants allowing more companies to grow.

  2. Get incentives in the form of coins to use new platform as part of early adaptors.

    • What is a token?
      A token is a cryptocurrency / digital asset that is created on top of blockchain technology using smart contract platforms such as Ethereum / EOS/ Solana /Elrond/ Trx
    • How do you create a token on Ethereum?
      Token is created using smart contract using Ethereum.
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#3192
  1. What are the benefits of web 3.0 (decentralized internet)?

Takes the power from big tech and allows the little guy to compete via early adoption incentives.

  1. What is a token?

An asset created on a blockchain

  1. How do you create a token on Ethereum?

Write a smart contract on the Ethereum network.

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#3193

  1. that more than just a handful of corporations will have a monopoly. provide small companies the chance to fight against the big guys. help early adopters and small businesses to scale.

  2. represents value on a blockchain. similar to credits, rather than currency. used to power different dapps and smart contracts.

  3. create it by creating a smart contract on the Ethereum blockchain using solidity.

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#3194
  1. With Web 3.0 not only the big companies can earn money for your content but you as well. Facebook, google and other big tech companies are collecting data about what you like and what you dislike. Then they are selling these data an get paid(Web 2.0)
    As an example for Web 3.0 we had steemit. Its like Facebook in many ways but here you get paid for sharing your opinion, instead of Facebook.
  2. Token are digital assets of projects build on blockchains like for example Ethereum. You can trade token but many of them have more functions like for example government token.
  3. Token can be programmed for example on the Ethereum blockchain by using the ERC20 standard
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#3195
  1. The main benefit of Web 3.0 is it allows small companies to compete with larger companies by incentivising their users
  2. A token is a piece of code (smart contract) built on top of a blockchain (ie. Ethereum)
  3. Using the ERC 20 standards, a token is created using solidity to write the program
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#3196

  1. it gives the opportunity for small companies to compete with large companies.

  2. a token is a fungible or non fungible digital asset created on ethereum or other block chains.

  3. a token on ethereum is smart contract created with solidity.

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#3197

  1. There are several benefits. First, the decentralization of the internet means that you are not reliant on any of the big tech companies to run your operations. Second, you are now able to be rewarded for the value that you create on this new version of the web. Third, as a developer, you now have a much lower barrier to entry to start new projects.

  2. A token is a network on top of a blockchain. In the case of Ethereum, a token is used to create a dApp on top of the Ethereum blockchain.

  3. You can create a token by using the ERC-20 protocol.

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