Homework: Web3.0 and Tokens

Ethereum 101
#3299
  1. Transparency and independence from the major corporation. Fewer Middlemen: no need to pay for profits to the central authority in transactions. Users’ contributions to the network will have rewards (value).
  2. A token is a smart contract that has been built on a protocol layer blockchain, ETH, NEO, EOS… A token holds and transfers value.
  3. A token on Ethereum is created by means of a smart contract and coded in accordance with specific standards such as ERC20.
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#3300
  • What are the benefits of web 3.0 (decentralized internet)?
    Small players can attract new users by offering real financial rewards. This also gives the platforms realistic methods to judge the value of content that users are adding, so can offer real benefits.
  • What is a token?
    A token is a currency based on an actual coin implemented in a smart contract
  • How do you create a token on Ethereum?
    A token can be created by implementing a smart contract using one of the token standards that are ERC20, ERC 721 and ERC 233
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#3301

Having a decentralized internet means that no big company has monopoly of it, big tech companies stores and some even sell your information that you have on it.

With a decentralized network that won’t be a problem. You are viewing ads for free on Google and Facebook.
For example on the decentralized Brave internet browser, you get rewarded in token by looking at ads.
A decentralized internet uses peoples likes and comments in a filter way system to see what works and what not, to add value to the content, and they get rewarded with tokens.
The decentralized internet will be made for the people by the people.

  1. A token can be fungible or non fungible, it is something that has a value by adding supply/demand to it. It is used as a currency offered by smart contracts or dapps which is build on the Blockchain, often ETH network.

  2. Token on ETH is created on a Smart contract in Solidity. To make a fungible token you use the ERC-20 standard to be able to use it on other exchanges smoothly. To make non fungible token, you use ERC721 or ERC1155 standard.

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#3302
  1. What are the benefits of web 3.0 (decentralized internet)?

Greater economic incentives for early adopters and participants and greater security seeing that your password won’t be stored on a centralized database.

  1. What is a token?

A token is a smart contract executed on an existing protocol such as ethereum.

  1. How do you create a token on Ethereum?

By creating a smart contract on the ethereum blockchain protocol that follows the ERC20 standard if it is a fungible token or follows either the ERC21 or ERC1155 it if is a non-fungible token.

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#3303

1- Benefits: Web 3.0 is the future of the internet, apps become smarter, more private and decentralized.
a) Transparency
b) Fewer Middleman
c) Privacy
d) Data ownership & Sharing
e) Incentivize creators

2- A token is a fungible or non-fungible token, programmable digital asset that represent the value on a blockchain protocol.

3- By using a standard protocol called ERC20, creating a smart contract and associate it with tokens.

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#3304

  1. What are the benefits of web 3.0 (decentralized internet)?
    WEB 3.0 gives the opportunity for small companies to compete with larger corporations such as Google, FB etc… They can build their own economy, have their own special tokens and their own incentive model.

  2. What is a token?
    It is a digital asset, which is created by smart contract on top of a blockchain.

  3. How do you create a token on Ethereum?
    Tokens are created by implementing a smart contract, using the solidity program or Viper and appropriate standards such as ERC20 for fungible tokens and ERC721, ERC 1155 for NFT tokens.

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#3305

  1. What are the benefits of web 3.0 (decentralized internet)?
    Decentralized internet means no Big players, that are influencing the market, manipulate with the data etc. The Network is Transparent because of decentralization. Transparency allows small user to see what is going on behind the scenes of a platform or internet product etc. Security would be increased because of the Decentralization and there would be no need in a Huge Central Database, which could be hacked or manipulated, or controlled somehow.

  2. What is a token?
    The token is a Crypto or Digital asset, or even a attribute of a smart contract that is build on top of another Cryptocurrency platform - eg Etherium or Polkadot.
    ETH and Dot are native tokens of the platforms and every smart contract or currency build on top of the native currency tokens is called a Token.

  3. How do you create a token on Ethereum?
    Etherium has a standard of building a token - called ERC20. So a Token can be created by programming a smart contract that follows the ERC20 standard protocol. ERC20 tokens could communicate with other ERC20 tokens, so this allows transferring them, exchange and many more.

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#3306

  1. What are the benefits of web 3.0 (decentralized internet)?
    Decentralized internet allows users to earn money from their action on a given sector of the economy.
    Instead of big tech Giants, the web3 will share the value between everyone.

  2. What is a token?
    A token is a digital asset that is backed by the Ethereum network

  3. How do you create a token on Ethereum?
    You have to code it using the smart contract features the Ethereum blockchain.

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#3307

  1. What are the benefits of web 3.0 (decentralized internet)?
    The ability to create Dapps and decentralized websites enabling more privacy and data ownership.

  2. What is a token?
    A token is a fungible to non-fungible digital assets that represents a unit of stored value tied to a smart contract.

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

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#3308
  1. What are the benefits of web 3.0 (decentralized internet)?

- Possibility of creating new tokens
- Real opportunities for small protocols to compete against big ones
- Economic incentives for early adopters
- Big companies can’t censor new participants, so monopolies can be avoided
- As it’s based on blockchain technology, it’s trustless and transparent

  1. What is a token?

A token is a Smart Contract deployed on top of a Blockchain. This blockchain can be Ethereum or any other blockchain that allows smart contract development. In the example of the Ethereum blockchain, ETH is the native coin and all smart contracts deployed on it are tokens that represent a new cryptocurrency.

These Smart Contracts can be connected to a website and represent what we call a (DAPP: Decentralized Application). Most of the cryptocurrencies we see nowadays are tokens developed on top of other blockchains.

  1. How do you create a token on Ethereum?

In order to create a token on Ethereum, you need to write a smart contract, with Solidity and compile it into bytecode for the Ethereum Virtual Machine to read it.

You can create a Fungible Token (where all tokens are the same, have the same value and you can’t distinguish one of the other) through the ERC 20 standard.
You can also create a Non Fungible Token (where one token is different to another one and you can distinguish them) through the ERC 721 or ERC 1155 standards.

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#3309
  1. Captures the protocol level. DApps that wants to execute the smart contract needs to pay gas fee in order to perform any kind of transactions and (Steemit social network) would benefit users (early adopters and so on up to adopters for token to have inflation) for performing basic user actions such as, posting, liking and etc.
  2. Token is cryptocurrency that is written in smart contracts and built on top of blockchain network
  3. By following the ERC standard token type such as ERC20, ERC721 or ERC1155
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#3310
  1. What are the benefits of web 3.0 (decentralized internet)?

The benifits of web 3.0 it gives the opportunity to the small guy to compete with the giants.

  1. What is a token?

A token is a smart contract that is built on top of the native currency

  1. How do you create a token on Ethereum?

you create a token on the Ethereum by using the industry standard ERC 20

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#3311
  1. Web3.0 helps eliminate the big guy , which basically means theres no central authority or a person in charge of the project and more democratisation of the internet and everyone benefits.
  2. A token is a in system currency across different projects, such as UNI token under ethereum.
  3. A token can be created on Ethereum using a smart contract.
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#3312

A decentralized internet allows the small guy to compete with the larger monopolies by using incentives financed by inflation.

A token is a programmable digital asset, or an abstraction for anything.

To create a token on Ethereum you use ERC20 standard with a smart contract that you have created.

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#3313
  1. Web 3.0 would give smaller companys the possibility to be paid by its realt worth and not just by the image this company has
  2. A token is a fungible or non fungible digital asset
  3. A toke can be created on the Ethereum Blockchain just as a smart contract
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#3314

  1. What are the benefits of web 3.0 (decentralized internet)?
    It will allow small companies to compete against the big companies that monopolize the market.

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

  3. How do you create a token on Ethereum?
    Build your own smart contract using the solidity code.

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#3315
  1. What are the benefits of web 3.0 (decentralized internet)?

Resists monopolization, provides rewards on the protocol level, encourages growth of new sites by giving higher rewards to early adopters, and allows content creators to receive a fair share of wealth generated by their content.

  1. What is a token?

A monetary representation of a smart contract that is based on a coin’s blockchain and protocol.

  1. How do you create a token on Ethereum?

By creating a smart contract using one of the Ethereum standards, such as ERC20, ERC223, ERC721, ERC777, and ERC820

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#3316
  1. What are the benefits of web 3.0 (decentralized internet)?
  • Removing trust
  • Democratizing the whole space by taking the power from a few intermediaries and giving it back to the community

  1. What is a token?
    Its a programmed digital asset that can be used differently - non fungible/fungible, currency, value store, governance, etc.

  2. How do you create a token on Ethereum?
    By programming a smart contract using an Ethereum standard like erc20 or erc721 or erc1155

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#3317
  1. Transparency, peer-to-peer, permission less and trustless.
  2. Smart contracts can represent their own cryptocurrencies, they are tokens. Tokens are built on top of coins. Most existing tokens are built on top of Ethereum.
  3. A token can be created by a smart contract.
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#3318

  1. Getting away from big corporation would be one of the benefit of the internet 3.0. As an adoption of the technology of blockchain will lead to a decentralized finance.

  2. A token is a smart contract create on top of a smart contract network act as a fungible or non fungible digital asset.

  3. Create a smart contract on the ERC20 standard.

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