Homework: Web3.0 and Tokens

Ethereum 101
#3319

Because of the decentralized extra it is possible to use incentives to activate people to use the network and promoot it to new followers. It is interesting to be an early adopter and that’s the way to compete Big Tech, like Google

It’s a small contract with a cryptocurrencie build on Ethereum

With Solidity you can create a code that’s create a small contract on Ethereum with a standard token.

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#3320
  1. The benefits of Web 3.0 are that it is a decentralized network and no major conglomerates control the content. Web 3.0 also allows for economical incentives to all users of the network, especially early adopters.
  2. A token is a system of smart contracts which run on a parent blockchain, such as Ethereum.
  3. You need to create the code for your token, then publish and verify your token address, add it to your wallet
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#3321
  1. benefits of Web 3.0 (decentralised internet) : higher incentives to early adopters, fewer middlemen, capability to create own economy through use of apps, dapps, tokens and smart contracts.
  2. A token is a fungible or non fungible digital asset created by a smart contract built on the Ethereum blockchain
  3. To create a token on Ethereum a smart contract would have to be created using a standard like ERC20 = fungible token and ERC721 & ERC233 = non-fungible tokens. payment for gas fees to execute functions deployed will be in ETH token.
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#3322

  1. gives 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. a cryptocurrency/digital asset (fungible or non-fungible) that is developed using a smart contract (ethereum, EOS, Tron, etc.)

  3. smart contract

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#3323

  1. What are the benefits of web 3.0 (decentralized internet)?
    Web 3.0 ushers in a new era for data transmission, data storage and P2P value exchanges on the internet. It moves the current platform based technologies - Facebook, Google or YouTube - to a decentralized token economy in which we no longer have to trust centralized data storage centres. With Web3.0 data privacy and financial transactions can be made more secure thanks to blockchain protocols and consensus rules. We no longer have to trust intermediaries and can create, store and automate financial transactions between different parties in an immutable, secure and transparent way.

  2. What is a token?
    A web token is a digitally transferable asset used to pay for services rendered by miners and as a means of payment between blockchain addresses. These tokens are issued on the blockchain and represent a set of rules that are encoded into the underlying smart contracts.

  3. How do you create a token on Ethereum?
    The most common way to create a token on Ethereum is to use the Solidity programming language and base the contract creation on the ERC20 specification.

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#3324

  1. One benefits of web 3.0 (a) value can be captured in protocols as well as applications. (b) economic incentives for early adopters. © smaller tech companies have a chance to grow and even outpace tech giants.

  2. A token is a crypto currency that does not have its own network or blockchain. The token is built on another blockchain. Example Ethereum and usdc

  3. to make a coin on ethereum
    a. make a metamask account
    b. go to the top and select a testnet
    c. ethereum faucet to receive test coin
    d. go to open zepplin and get token code
    e. change token name and amount if desired
    f. go to remix ide, make a new contract
    g. deploy token
    h. use web 3 injector to add eth testnet
    i. deploy token, sign contract, copy and paste tokens address
    j. back to metamask add token, paste token contract address and add new token.

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#3325

I made VON token but I used BSC

#3326

  1. One of the main benefits of web 3.0 is that the value is captured by the protocols that built the network rather than the apps that are built on top like with our current web 2.0.

  2. A token is a digital representation of something with value like money (fungible) or even art (non-fungible).

  3. On Ethereum tokens are created through smart contracts.

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#3327

1.Benefits of Web 3.0 it increased p2p no middle man on the internet, it is independent from the major corporation.

2.Token is a smart contract that includes account addresses and their balances.

3.A token can be created as a smart contract in Etherium.

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#3328
  1. What are the benefits of web 3.0 (decentralized internet)?
    A: Small companies will be able to compete with the large dominant web 2 corporations. Early adopters can be rewarded through the value of tokens.
  2. What is a token?
    A: a token is a smart contract built on top of the Ethereum network. It could be fungible or non-fungible.
  3. How do you create a token on Ethereum?
    A: By creating a smart contract on top of Ethereum.
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#3329

  1. What are the benefits of web 3.0 (decentralized internet)?
    Firstly, protocol creators are rewarded (compared to web 2.0 and html,tcp developers)
    Secondly, it allows small companies to compete with big giants because early-adoption is incentivized and financially beneficial.

  2. What is a token?
    Token is a representation of a smart contract.

  3. How do you create a token on Ethereum?
    You write a smart contract by following ERC20 standart.

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#3330

  1. Web 3.0 allows the owner of the protocol, such as ETH, to capture value from Dapps running on it. It also benefits early adopters by giving them more value for adding value to the app or network in Ivan’s example. This allows anyone to compete with big players like Google, FB and the like.

  2. A token is a digital representation of value that is created using a smart contract.

  3. You create a token on ETH by creating a smart contract

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#3331

  1. In the web 3.0 the protocol can capture the rewards too. The small applications in the early days, can compete against giants because of economic incentive of being early adopters by getting token rewards.

  2. A token is an asset created in the blockchain that can represent the economic model for an application, it can have a lot of different functions, it can be fungible or non-fungible.

  3. You create a token on ethereum by programming it on a smart contract.

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#3332

  1. What are the benefits of web 3.0 (decentralized internet)?
    The benefit of Web 3.0 is that most of the value is captured on the protocol level, unlike Web. 2.0. It removes the middle man, aka Tech Giants.

  2. What is a token?
    A token is a Smart contract or dApp built on top of Ethereum.

  3. How do you create a token on Ethereum?
    By building a smart contract deployed on the Ethereum network.

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#3333
  1. It is decentralised and the user is incentivised.
  2. A token is an asset built on an existing blockchain (such as Ethereum). It can be fungible and non fungible.
  3. You can program an ERC20 smart contract on top of Ethereum.
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#3334
  1. It allows for smaller startups to compete with tech giants.
  2. A token is a store of value defined by a smart contract written on ethereum. It can either be fungible or non-fungible.
  3. Tokens are created on ethereum through smart contracts based on certain standards
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#3335

1.Decentralized website and DAPPS providing value to the hosted network/protocol , incentivizes early adoption of new apps.

  1. an asset or utility built on a blockchain

  2. using the ERC20 standard code tokens can be programmed on ETH

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#3336
  1. What are the benefits of web 3.0 (decentralized internet)?
    Lage companies do not monopolize revenue. Base protocols get a share of the revenue. End users may be compensated for their contribution/content.
  2. What is a token?
    A smart contact sitting on top of a coin based network (like Ethereum). A sub-coin economy. This would most likely include a web interface and infrastructure, aka DApp (decentralized app).
  3. How do you create a token on Ethereum?
    Create a smart contract (bytecode). Tokens could be fungible (non-distinguishible) or non-fungible (unique). Then publish on the Ethereum network.
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#3337

1.Benefits of 3.0-small companies will be able to compete with large companies due to decentralized apps and early adoption
2. A token is considered one unit of value in the form of a digital asset created on a network (i.e. Ethereum) made operational by a smart contract
3. To create a token on Ethereum you follow the ERC 20 standard protocol and create a smart contract

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#3338

1- Even the small businesses can compete with the giant corporates. The incentives given to the early adopters led to your business grow and increase of the business value. So the monopolist system gets damaged.

2- Token is either a fungible or a non-fungible digital assets that created on the blockchain network.

3- To create a fungible token, you can follow the ERC20 standard.
To create a non-fungible token, you can follow the ERC721 or ERC1155 standards.

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