Homework: Web3.0 and Tokens

Ethereum 101
#3239

  1. What are the benefits of web 3.0 (decentralized interent)? The permissionless nature of web 3.0 is perhaps the greatest benefit, but there are many others. For example; so many things can be tokenized and therefore monetized. Smart contracts, dapps, and new social media platforms now have the ability to incentivize participation and make early adoption of new technologies profitable for those who use them. (This was never the case in the web 2.0 era). And this paradigm shift is how new technologies and new approaches to old problems will challenge the ‘status quo’ and the network effects of existing web 2.0 platforms.

  2. What is a token? Tokens are a type of crypto currency that represents some kind of asset or use case on the blockchain. They can be used as a store of value or for investment purposes. Typically a token is issued via a smart contract.

  3. How do you create a token on Ethereum? Using the Ethereum platform as a base protocol, you begin by creating a smart contract of some kind using the Solidity language. This contract will represent its own crypto currency or token. Tokens (if they are fungible) align with the ERC20 standard and will function in this universally accepted way. Otherwise, the ERC721 or ERC1155 standard will apply if the token is non-fungible.

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#3240

  1. a decentralised internet allows smaller companys, start ups and projects to compete with the big companies who currently have a bit of a monopoly. Smaller users on a decentralized web 3.0 will be able to offer financial incentives through tokens to bring people to their platforms and use their products

  2. A token is a smart contract built on a platform like etherium

  3. By creating a smart contract on the etherium platform to a token standard for example ERC20

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#3241
  1. What are the benefits of web 3.0 (decentralized internet)?

No longer a monopoly from 3-4 mega corps, early adopters are incentivized to use a new platform. taking web2.0 and bringing the power to the people.

  1. What is a token?

A token is a crypto (Fungible or Non-fungible) that runs on top of a smartcontract platform (like ETH EOS Zil etc)

  1. How do you create a token on Ethereum?

Tokens are created by writing a smart contract & deploying it on something like ETH

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#3242

  1. Benefits of Web 3.0 is there is less likely of a chance of a monopoly over the internet and creates opportunity for developers to actually benefit from projects/dapps built on the protocol. This incentivizes small businesses, and potentially users as well.

  2. A token is a programmable digital asset and can be quite abstract as its function can be many things. This can be categorized as a fungible or non fungible as well depending on its characteristics.

  3. To create a token on Ethereum you need to use the ERC20 Token Standard and create a smart contract.

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#3243
  1. What are the benefits of web 3.0 (decentralized internet)?

Platforms can be built that are not solely controlled by one entity. Users can receive benefits and governance, supported by smart contracts

  1. What is a token?

A token is a digitized representation of value that can be used as currency within compatible ecosystems

  1. How do you create a token on Ethereum?

Create a name, decide how many tokens you want to supply, code it using a smart contract. Then launch it

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#3244
  1. What are the benefits of web 3.0 (decentralized internet)?

Web 3.0 is the third generation of the Internet—a global network that permits intelligent interactions between all its users and devices.

Transparency, Privacy, Efficiency, Better Marketing, Incentivising content creators. Interconnectivity between hardware and software across devices.

  1. What is a token?

Generally speaking, a token is a stand-in for something else . That is true in both cryptocurrency and computer security.

  1. How do you create a token on Ethereum?

A token can be created on Ethereum using a smart contract

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#3245
  1. Incentive to earlier adopters helping small businesses grow. Money as a layer on the internet. Increased peer to peer no middle man on the internet.
  2. A token is fungible or non fungible digital asset created on Ethereum or other blockchain networks.
  3. A token is created on ethereum using some simple code. Simple tokens are not secure and more work has to be put in to make sure that a tokens code is well written.
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#3246
  1. The benefits of web 3.0 are it incentivizes early adopters and helps small businesses compete with larger ones. They can create their own tokens, cannot be censored by larger entities, and is more secure.
  2. A token is a fungible or non-fungible asset built on smart contract platforms.
  3. A token can be created on Ethereum with a smart contract, using the code, create a wallet, get the ether, edit the code, deploy it, publish and verify it, and add the token to the wallet.
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#3247

  1. What are the benefits of web 3.0 (decentralized internet)?
    Allows more to get done and for the protocols themself to make the currency and not just the companies that run those protocols. Incentives early adoption and peer-to-peer currency exchange.

  2. What is a token?
    A coin that is built on top of the Ethereum network. Can be used as its own currency bull still relies on ether to complete transactions

  3. How do you create a token on Ethereum?
    Know the ERC20 Codes and write them in a smart contract.

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#3248
  1. Is that everyone can benefit from it , not only the big giants
  2. Is a smart contract on the tof of Ethereum
  3. Through a smart contract in Ethereum or other platform
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#3249
  1. The protocol captures most of the value. It removes the monopoly that 1 or 2 larger companies have on the internet. It removes the middlemen.
  2. A token is developed using a smart contract
  3. tokens are created smart contracts on a protocol layer, using set standards to create functions and supply.
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#3250
  1. Incentive to earlier adopters helping small businesses grow. Money as a layer on the internet. Increased peer to peer no middle man on the internet.
  2. A token is fungible or non fungible digital asset created on Ethereum or other blockchain networks.
  3. A token is created on ethereum using some simple code. Simple tokens are not secure and more work has to be put in to make sure that a tokens code is well written.
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#3251
  1. What are the benefits of web 3.0 (decentralized internet)?

The benefits of web 3.0 can help small businesses to grow from earlier adopters. The money wont go only in big companies like (Google,FB, etc.). Increased peer to peer no middle man on the internet.

  1. What is a token?

Token is a fungible or non fungible(Nft) digital asset created on any blockchain network. ex: Enjin is a token under the ethereum network.

  1. How do you create a token on Ethereum?

A token on Ethereum network can be created by implementing a smart contract using one of the token standards like ERC20, ERC721 and ERC233

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#3252

1. What are the benefits of web 3.0 (decentralized internet)?
The benefits of Web 3.0 are that webs can have: their own currency, their own economic model built on the web and built on Ethereum. It means that small corporations can now compete with giants such as Google, Facebook, and Amazon.

2. What is a token?
A token is a market cap of smart contracts built no the Ethereum network. These smart contracts can be fungible (all tokens are the same/indistinguisable using ERC20 language) or non-fungible (unique; uses ERC 721 or ERC 1155 language) but they each produce their own token which represent their own crypto currency. As well, these tokens include account addresses and their balances.

3. How do you create a token on Ethereum?
A token is created in Ethereum using a smart contract with simple code. However, it should also be seen as having the ability to program new currencies so that small corporations can compete with larger ones.

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#3253

  1. Web 3.0 brings value to the users for their data rather that to large organizations. Web 3.0 also incentivizes early adopters.

  2. A token is fungible or non fungible and is created using a smart contract on top of Ethereum, EOS, NEO, etc.

  3. Tokens are created on Ethereum by writing a smart contract and setting different parameters such as total supply.

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#3254

  1. The benefits of Web 3.0 is that it gives value back to the networks/protocols that websites and applicaions are created on. As companies build on top of networks such as Ethereum you are not only supporting your company but the network and all others that are built on Ethereum.

  2. A token is a digital asset built on top of the Ethereum network that helps to strengthen the ecosystem and create demant for Ether.

  3. A token is created by creating smart contracts using standards such as ERC20, ERC721, ERC1155, etc. and then deploying them on the Ethereum blockchain.

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#3255
  1. What are the benefits of web 3.0 (decentralized internet)?

a. It allows users to financially benefit off of actions that benefit Dapps.

b. Web 3.0 handsomely rewards early adopters of successful Dapps.

c. The network effect allows small companies to compete against large corporations.

  1. What is a token?

A token is a smart contract built on Ethereum.

  1. How do you create a token on Ethereum?

You must first determine if your token will be fungible or non-fungible. This will help you know which standard to use, ERC20 for fungible tokens and ERC721 or ERC1155 for non-fungible tokens. The creators of the token will need to determine how much gas they will need to run all functions necessary for their token to run smoothly. Once they know how much gas they need, they will be able to purchase the right amount of Ethereum, in order to have the gas they need for their token.

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#3256

Homework on Web 3.0, and Tokens

  1. Web 3.0 is able to capture the value Web 2.0 missed. Thanks to blockchain and smart contracts, it is possoble to reward early adopters.

  2. Token is a special type of smart contract on the Ethereum network or other such network. The token can represent a fungible of non-fungible digital asset.

  3. You use an ERC20 standard to deploy a smart contract on the Ethereum network.

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#3257

  1. What are the benefits of web 3.0 (decentralized internet)?
    Web 3.0 can allow new businesses to be more competitive by financially incentivising their early adopters.

  2. What is a token?
    A token is a digital asset that is run on a smart contract. Tokens can be made on the Ethereum network.

  3. How do you create a token on Ethereum?
    Tokens can be made on Ethereum by using the ERC20 standard to create a smart contract.

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#3258
  1. It can benefit smaller startups and put them on a level playing field with larger businesses
    2-A token is a representation of a tradable asset that sits on top of a cyptocurrency coin.
    3-Build using ERC20and create smart contract.
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