1.Takes power away from huge companies, can run smart dapps made up of smart contracts.
2.A token is something built on top of the ethereum network , it is a fungible or non fungible asset.
3.By using the programming language solidity with the erc20 standards
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What are the benefits of web 3.0 (decentralized internet)?
It not only allows the protocols to capture value but financially incentivizes early adopters to engage in new spaces, creating a more competitive market in which smaller players are more likely to succeed. -
What is a token?
A unit of value, either fungible or non fungible, built on a pre-existing protocol such as Ethereum. -
How do you create a token on Ethereum?
By writing a smart contract on the Ethereum network using the ERC20 standard.
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- One benefit of web 3.0 is that unlike Web 2.0, value is captured at a protocol level. The developers of the infrastructure that made Web 2.0 possible such as http and tcp did not make any money. Companies that built on top of it such as Facebook and Google captured all the value. The developers of the Ethereum protocol capture all of its value. Ethereum holders make money off of the projects that get developed from it.
- A token is a currency from an application built on top of a protocol such as Ethereum.
- You create a token on Ethereum by deploying a smart contract. If you want a fungible token, you would most likely follow the ERC20 token standard.
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- Benefits of web 3.0 are that early adopters get incentives to use a new platform.
- A token is a digital asset, smart contract created on a blockchain. It can be fungible and non-fungible.
- A token can be created by writing a smart contract using one of ERC standards, for example ERC20.
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- Benefits of web3 is it takes power away from internet monopolies and rewards creators/contributors with tokens.
- A token in a cryptocurrency that is built on top of a blockchain platform.
- A token is created by using smart contracts on the blockchain network.
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- Transparency: Independent from the major corporation.
Fewer Middlemen: remove trust from persons. No need to pay for profits to central authority in
transaction.
More value: the content users contribute to network will have rewards. - A token contract is a smart contract that includes account addresses and their balances. The unit of the balance is token, which represents physical objects, another monetary value or a third the holderâs reputation.
- A token can be created as a smart contract in Ethereum.
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What are the benefits of web 3.0 (decentralized internet)?
There are economic incentives for the users, especially for the early adopters. Since dApps (web applications that include smart contracts), are of decentralized nature; it wonât be possible for large companies to control and get all the value from the usersâ interaction with any social or financial platform. -
What is a token?
A token is a representation of an asset that resides on top of another blockchain. -
How do you create a token on Ethereum?
Tokens are created through the use of smart contracts. The ERC20 protocol is the standard protocol for building smart contracts on a blockchain.
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- Protocol level platforms are able to capture value, monetize data, monetize engagement, more community centric instead of corporation centric
- A token is a digital currency of a cryptocurrency
- Deploy a smart contract on a blockchain platform, decide supply-name-symbol of token, enable transfer and sending of token.
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- What are the benefits of web 3.0 (decentralized internet)?
To incentivize small businesses grow and have the opportunity to compete with big companies - What is a token? It is a fungible or non fungible digital asset created on the ethereum network
- How do you create a token on Ethereum? Can be created by using a smart contract and token standard like ERC20 etc.
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What are the benefits of web 3.0 (decentralized internet)?
that each user for using a platform/token/application could be incentivized for doing so, this could at least little or I hope a lot cut off gigants as FB, Google etc⌠-
What is a token?
Token in Ethereum network is basically Smart Contract configured based on ERC20 standard for fungible tokens or ERC721 for non-fungible tokens. -
How do you create a token on Ethereum?
Via smart contract.
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The benefits of web 3.0 are numerous, developing âdappsâ / NFTâs on top of technical platforms, early mover advantage in the case of NFT adoption & security tokens, smart solutions to network bottle necks and bugs, innovative ideas leading to innovative programming - creating a token with excellent âtokenomicsâ as well as case usage etc.
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A token is a currency offered by smart contracts/dapps that are built on top of a technical platform such as Etherium Network.
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Tokens are created from smart contracts by adopting one of the three standards.
(i) ERC20 Standard
(ii) ERC721
(III) ERC1155
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- You can create smart contracts and DAPPS (decentralized applications) on an ethereum blockchain. These contracts and DAPPS ultimately bring value where tokens can be accumulated and spent in the transaction process.
- A token is an asset is created on the ethereum network. It can be fungible (identical and has the same value) or it can be non-fungible (it is unique and specific).
- It can be done on ethereum by creating a smart contract using code to execute the specific function.
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Web 3.0 allows decentralised apps to be built on the internet that can have their own economy, which allows them to compete with already popular apps. An example of this is Steemit. Steemit rewards users that use and participate on their social media platform by liking and posting. The early adoptors will be rewarded more value and because of this, they are incentivised to share and promote the network so the value of their tokens received goes up due to higher demand.
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An example of a token is an ERC20 token built on top of the Etherium network. It is different from a âcoinâ such as Ether, which is used to pay for gas to use the Etherium network.
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A token is created using a smart contract format/standard such as the ERC20 standard.
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What are the benefits of web 3.0 (decentralized internet)?
Users can monetize for utilizing the network. In web 2.0, the application that was being used would get all the benefits and data. Web 3.0 also prevents monopolies because no one company will have everyoneâs data. -
What is a token?
A token is a fungible or non fungible digital asset created on a blockchain network (often Ethereumâs). -
How do you create a token on Ethereum?
You can create a token on Ethereum using a smartcontract. Often times tokens are created with the ERC-20 standard and code.
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What are the benefits of web 3.0 (decentralized internet)?
It can help small businesses or start-ups because it can incentivize early adopters. Early adopters would like want to spread the word to their friends/family/network to encourage more people to use it. -
What is a token?
A token can be fungible or non-fungible digital asset created from a smart contract on top of a blockchain like Etherium. -
How do you create a token on Ethereum?
A programmer would use a smart contract on Ethereum to create a token and would use the Ethereum standards, ERC20, ERC721 or ERC1155.
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[quote=âfilip, post:1, topic:8447â]
- What are the benefits of web 3.0 (decentralized internet)?
value is created by the platform (example Ethereum) not the application. Because of this there wont be big companies like FB, or Google who control everything. As small companies are now also able to compete. Also Now as a user you get paid for the value you bring ( example Steemis: content and likes you bring into the network).
- What is a token?
That is the application ( smart contract or DAPP) built on top of any smart contract based platform ( example ETH). This enables the developer to create their own economy ( based on their use case, their own reward system and incentive system).
They can be fungible ( all the same standard, not unique in essence ) or non fungible ( each token is unique, and represents a different value based on a certain item or characteristic. Example in gaming a helmet or shield may be valued differently).
- How do you create a token on Ethereum?
You look at the standard. Example ERC20 or ERC721 or ERC 1155 just to name a few standards on ETH
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- What are the benefits of web 3.0 (decentralized internet)? value is created and captured at platform and protocol level
- What is a token? fungible token built on a smart contract on a smart contract platform (e,g. ETH)
- How do you create a token on Ethereum? you implement ERC20 standard
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- The benefit of web 3.0 meaning decentralized internet is the opportunity for protocols to gain value instead of only the big companies as Google, Facebook etc.
Anybody who knows how to do it is also able to create their own cryptocurrency, economic model on platforms such as Ethereum and EOS to name a few. - A token is a currency based on an actual coin that implements a smart contract to handle it.
- Developer can write a smart contract in Solidity code using the ERC-20 standard.
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- What are the benefits of web 3.0 (decentralized internet)?
Answer: Web 3.0 is upgrade to web2.0 where inventors and early adopters get rewarded - What is a token?
answer: A token is a smart contract built on ethereum or other smart contract protocol which is native to a particular dapp - How do you create a token on Ethereum?
answer: by creating smart contracts
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- As a decentralised internet opportunity is there for smaller start ups to compete with Facebook etc where early adopters / participants are rewarded for their value
- A token is a digital asset , fungible or non fungible
- A token is created via a smart contract on the block chain
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