Homework: Web3.0 and Tokens

Ethereum 101
#301

  1. The protocol can capture it’s own value and gain value by adoption of any other apps that are build upon it.

  2. A token is a represented smart contract that is build and deployed on top of smart contract platform such as ethereum.

  3. You can create a token by writing and deploying the smart contract on the Ethereum blockchain following ERC20 standards.

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#302

1.-tokenization/monetization in order to create income sources not dependable from a certain centralizaed entity
2.-a valuable digital asset rewarded by performing certain activity either unique or repetitive.
3.-using the fungible standard code ERC20

#303

What are the benefits of web 3.0 (decentralized internet)?
“Freedom of information” is in my opinion the most important benefit of Web 3.0. The possibility of pointing a domain to content on a decentralized network (and even using blockchain domains) will make the web highly resistant to censorship or other infringements by governments and large corporations. Web 3.0 will enable true peer-to-peer sharing and provides a layer of privacy that can protect individuals.

What is a token?
A token is a unit of value which represents something in the physical world (a utility or an asset) that can be traded same as a crypto(coin). Tokens don’t have a native blockchain but instead are smart contracts that are build on top of an existing blockchain (often Ethereum by using the ERC-20 standard).

How do you create a token on Ethereum?
https://www.youtube.com/watch?v=HRnDfYHR3n0

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#304

1 - With Web 3.0 comes a token economy and this allows a shift in value from the owners of the platform to the creators of the content that is the true value of the internet.
2 - A token is a smart contract built on (usually) the ethereum network and is built for specific use cases with specific features and functionality.
3 - It is possible to create a token on the ethereum network using a smart contract and using the ERC-20 standard it will be accepted by all wallets and exchanges that support ERC-20 tokens.

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#305

  1. The benefit of Web 3.0 is that it enables creators/users to capture the value of their product or content. This incentivises people to use it. Instead of giving content to large companies for free, they can post on a web 3.0 project and potentially make money from it.

  2. A token is a programmable digital asset that’s based on a parental blockchain. They share a standardised set of functions allowing interoperability between each other. So when a token becomes more valuable it’s inherently beneficial for the network as a whole.

  3. You create a token on Ethereum using the solidity programming language to create a smart contract then set the standard to either ERC20 for fungibility or the ERC721 / ERC1155 for non-fungible tokens.

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#306

  1. Web 3.0 gives the opportunity to smaller companies and small Startups to compete with the giant corporations, because the protocol level is where the most of the value is captured. Also they can create their own economic model, their own cryptocurrency/token, by building on top of smart contract platforms such as Ethereum and EOS.

  2. A token is a cryptocurrency that is developed by a smart contract on a smart contract platform, based on the native coin, and it could be fungible or non fungible.

  3. To create a token on Ethereum, we need to build a smart contract by utilizing the protocol standards like ERC20.

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#307

1/. A Token is a unit of value run on ethereum controlled using a smart contact.

2/. You can create a token on ethereum by using a smart contract using the standards of ERC20.
ERC721 and ERC233

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#308
  1. The protocol itself captures value, in opposition to web 2.0 where only applictions hold it. In adition this feature makes big central companies less relevant, and empowers users and content creators.
  2. A token is the unit of currency generated from smart contracts.
  3. Tokens on Ethereum are created through a smart contract
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#309
  1. Their is money to be made for early adopters, and freedom.
  2. A token is another crypto built on the Ethereum network which are ERC-20.
  3. Through a smart contract which have functions.
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#310
  1. The value lays in the protocol and early adoption is incentiviced by paying participants. Competition is encouraged and facilitated.
  2. Currency on the Blockchain, with Ethereum being the underlying coin.
  3. Building a smart contract. Its recommended to follow the ERC20 standard by implementing the defined functions.
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#311

Annotation 2020-04-13 235734

  1. *Giving power back to the creator of the content . *Ability to have smart applications . *Allowing more privacy . *Removing middleman from the space . *Ownership of your content. *Rewards for content creators or participants .
  2. Digital asset in simple words . Most known are ERC20 tokens smart contracts that are build on Etherium blockchain .
  3. Many options . There is lots of info online about it . My choice will be Etherium Smart Contract programming 101 :sunglasses: in this academy .
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#312
  • What are the benefits of web 3.0 (decentralized internet)?

  • It’s decentralized, and in contradiction with web 2.0, most value is now captured at protocol lever (Eth). And what is good is that when you invest in Eth. you indirectly invest in any potential success DAPP.

  • Another benefit is, that as a user of 3.0 you can be rewarded in tokens. For example when you use Brave and you decide to watch publicity, you can be rewarded in BAT tokens.
    of Steem tokens when you interact with the STEEMIT community.

  • Web 3.0 gives incentives to early adopters to allow more users in the space and to grow community. Because as a holder of tokens, you want your tokens to grow in value, as more people will join in. But at the same time there is an inflationary system that makes your reward less important when more people join the community.

  • What is a token?

Is a cryptocurrency build on top of Etheureum, or other protocol layer blockchain networks such as NEO.

  • How do you create a token on Ethereum?
    You have to write a Smart Contract in solidity.
    You can create a token on etheureum using the ERC20 standard or for non fungible tokens you can use other standards such as ERC1155 or ERC 721.
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#313
  1. Web 3.0’s value is captured from the beginning meaning once you are an early adopter, you get rewarded with many tokens. As the number of users grow, token reward decreases, since there is more competition, preventing inflation effects through time.
  2. A token is a digital value used in a particular network built on a larger one such as Ethereum or EOS. It obeys to a specific smart contract protocol in order to be distributed.
  3. Using token standards such as ERC20 that enables fungible token programming for example.
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#314
  1. More of the value of the network will be at the protocol level than at the application level.
  2. An asset created and hosted on the Ethereum blockchain
  3. Program it using Solidity and deploy it onto the Ethereum network.
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#315

  1. What are the benefits of web 3.0 (decentralized internet)?
    Value retained at the protocol level

  2. What is a token?
    A token is a digital asset based usually on a smart contract or Dapp on top of ETH.

  3. How do you create a token on Ethereum?
    By building a smart contract/dapp using Solidity based on ERC20 standard

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#316

Haha Amazing :+1::+1::+1::metal:

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#317

  1. Web 3.0 is more democratic than web 2.0 in which internet giants have captured most of the monetary value. With the help of decentralized platform tokens, end users are incentivized to become early adopters by being rewarded with the tokens, thus getting the power back from the big internet corporations. With the network effect, the adoption of blockchain technology and the laws of supply and demand, the tokens will likely grow in value in the future.

  2. Tokens are cryptocurrencies that represent value in the blockchain environment.

  3. You can create a token on Ethereum by building a decentralized application (dApp) on top of the Ethereum platform.

#318

  1. The benefits of web 3.0 are that users can get rewarded for being active in the community. Not like in web 2.0 where big companies like Google and Facebook just use all the data that you give them for free. Another benefit is that smaller companies(thanks to the decentralized internet) are given a chance to compete with bigger companies.

  2. A token is a cryptocurrency that you can build on top of the Ethereum Network. A token is a unique coin that you can program by yourself, it is created for smart contracts.

  3. To create tokens on Ethereum you need program a smart contract with ERC20 standards.

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#319
  1. Very positive economic incentive/reward for early adoption. Moves currency and contracts away from private parties. Allows for interaction to provide value to the user and the network.
  2. Most Token’s are smart contracts that represent their own currency.
  3. Creating a smart contract on the Ethereum network produces an ETH token.
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#320
  1. Benefits of Web 3.0 (decentralized internet) include: censorship resistance; small startups can compete with giants like Google and Facebook by offering economic incentives (e.g., steemit).
  2. A token is a smart contract built on top of a blockchain like Ethereum. It requires gas convertible from the base currency (e.g., ETH) to send or receive or perform other actions.
  3. You can write and deploy an ERC20 standard smart contract that defines the token, on the Ethereum network.
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