Homework: Web3.0 and Tokens

Ethereum 101
#3259

  1. Allows users to benefit off of DAPPS like Steemit e.g. when you like, post or share etc. its also good for early adopters/developers when compared to web 1.0/2.0 and makes is so small businesses can compete against large ones.

  2. A token is a type of asses/currency/smart contract/DAPP on a network such as Ethereum the token can be fungible or non-fungible.

  3. Decide whether to be fungible or non-fungible (ERC20 or ERC721/ERC1155) with this in mind you’ll need to work out the gas fees on what your token will do when programing the standard functions to it and make sure it will run efficiently then link that gas to the amount in ETH that will support that token and run smart contracts etc.

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#3260
  1. The benefits of web 3.0 allow smaller companies to compete in an industry based off innovation.
  2. A token is a currency created on the Ethereum platform that may be fungible or nonfungible and it serves as the energy for the dapp.
  3. Tokens are created on the Ethereum platform via smart contracts and guided by the ERC20 protocols.
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#3261

1.- it will create not only new opportunities of development but the way it work will prevent the monopoly as we see today with the big tech on Web 2.0, giving to new or small companies a fair chance to compete and grow.

2.- Tokens are projects that work on top of a network or blockchain like for example Ethereum, they us Smart Contracts to function and grow, sometime tokens are backed by something to add value.

3.- To create a new token we have to use Smart Contracts on the Ethereum network and follow the Guidelines of Standar ERC20 among others.

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#3262

1 this will prevent a few companies from owning the internet. Web 3.0 will allow everyone to share in hosting so the can not be interrupted by a single company or government.
2 tokens are a crypto that relys on anothers blockchain
3 tokens are created by writing smart contracts which use them.

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#3263
  1. Trustless, no big company that controles the market. Open source, chanse for everybody with an internet connection to start banking.
  2. A token is a digital representative of something. For example UNI is a token that can ve used for governance. The UNI token is deployed on the Ethereum mainnet. A NTF is also a token, but it’s non fungible.
  3. By creating a new smart contract, which uses the new token. The smart contract determines when new tokens are created, or mined.
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#3264
  1. What are the benefits of web 3.0 (decentralized internet)?
    A decentralized internet would give the opportunity for smaller companies to compete with large 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. What is a token?
A token is a cryptocurrency/digital asset (fungible or non-fungible) that is developed using a smart contract (ethereum, EOS, Tron, etc.)

3. How do you create a token on Ethereum?
A token can be created on Ethereum using a smart contract

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#3265

The benefits of Web 3.0 are that small (starters) can compete with big companies. The value is captured in the protocol level. If you are an earlier adopter from a new network you can accumulate a lot of funds. So this incentives to use it. The reward is not going to for example Google, Facebook etc.
Searchresults are also better because Web 3.0 has intelligent search engines. The web compares data and finds what is the best for you.
And really important is that there is no central point of control over the web.

A token is cryptocurrency(digital asset) built on a blockchain.

You can create a token to create a smart contract by using the ERC20 standard.

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#3266
  1. Even smaller companies will be able to incentive early adopters, which levels the playing field. It also allows us to do things we cannot do on a centralized platform.
  2. A token is a cryptocurrency based off another currency’s network (such as the Ethereum network) and usually used within a DAPP.
  3. You create a token using Smart Contracts.
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#3267

  1. Incentivizes people to be early adopters because they would gain more token that would go up in value with popularity.

  2. A fungible or non-fungible cryptocurrency or digital asset developed by a smart contract.

  3. By using a token standard such as ERC20, ERC 233, or ERC721 to create a smart contract.

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#3268
  1. This means that the new internet 3.0 can not be taken down or stop, since it is running on the blockchain spread out over a large network,
  2. A token is a unit is currency that is made to work with the different DAPPs made on top of the Ethereum network.
  3. build your own smart contract using the solidity code.
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#3269

  1. Web 3.0 captures value at the protocol level. It doesn’t allow giant corporations to control the internet.

  2. A token is a cryptocurrency that is built on the Ethereum network.

  3. A token can be created with a smart contract.

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#3270
  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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#3271

  1. Web 3.0 allows for the creation of projects with economic rewards for users, and the value captured does not go to a single central monopoly but the people who are adding the most value get rewarded the most.

  2. A token is a fungible or non fungible asset created on ethereum or other blockchains.

  3. You can create a token using ethereum smart contracts using either the ERC20 standard for most fungible tokens or ERC721 for NFTs

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#3272
  1. What are the benefits of web 3.0 (decentralized internet)?

Biggest benefit is that the protocol captures the value instead of the applications (like google, FB etc. = web 2.0). Also you can create many incentives for your project for people to invest as it is more profitable for early investors and even the users could be incentivized just by participating in a certain application and make money with that. This makes it very hard for Google and FB to compete with.

  1. What is a token?

A token represents any fungible or non-fungible good in a blockchain.

  1. How do you create a token on Ethereum?

You will have to create a smart contract on Ethereum. Then it is possible to create a fungible or non-fungible token.

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#3273
  1. Different websites that can create their own tokens and economies.
  2. *A token is cryptocurrency that is developed using ETH
  3. Using a smart contract.
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#3274

1-Web 3.0 will allow small companies to compete against the big companies that monopolize the market.
2- A token is developed using a smart contract on the Ethereum Blockchain
3- You ca create a token on Ethereum through a smart contract

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#3275

  1. The benefits of web 3.0 are that there will no longer be a monopoly on the entire internet. There will be decentralized websites that will give back to the people in crypto for using them. This will benefit the early adopters on a decentralized website the most because the tokens will be more in rewards and go up in value over time as the decentralized website becomes more successful.

  2. A token is a smart contract or Dapp currency that runs on a crypto platform that uses blockchain 2.0 such as Ethereum. Tokens can have many different use cases even becoming their own decentralized websites.

  3. There are a few standards to create tokens on Eth. If you want to create a fungible token, then most likely you will use the ERC20 standard to program it and deploy it into the Eth blockchain. If you want to create non fungible tokens, then most likely you will use the ERC721 standard or the ERC1155 standard.

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#3276
  1. What are the benefits of web 3.0 (decentralized internet)?
    Transparancy, the benefit of decentralization is that you can follow your own data and inspect the code behind the platforms you choose.
    Fewer middlemen, decentralization promises to connect providers directly to consumers.
    Privacy, because of cryptography you can secure and track your own data on the web.
    Data ownership and sharing, One personal profile works across numerous platforms.
  2. What is a token?
    A type of cryptocurrency that represents an asset or specific use and resides on the blockchain.
  3. How do you create a token on Ethereum?
    A token can be created on Ethereum by using a smart contract.
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#3277
  1. Some of the benefits are: less middlemen/third parties, transperancy, more privacy, devs of the protocols gain more benfits, decentralization, early adopter incentives
  2. It is a programmable digital asset built using a smart contract. It can serve as the native currency of an dapp or network built on the ethereum blockchain.
  3. You can create a token by writing a smart contract (for example using solidity) and compiling it. A token must comply with a suitible standard (ERC 20, ERC 721, etc…) to be compatible with exchanges and wallets
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#3278

  1. Benefits of web 3.0 are
    Decentralization of web applications
    Transfering some values to users of web applications
    Breaking the monopoly of value by giant internet companies like google, facebook etc

  2. Tokens are crytocurrencies of smart contracts built and deployed on Ethereum protocol

  3. Your create a token on Ethereum by writing and deploying the appropriate smart
    contract code

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