Homework: Web3.0 and Tokens

Ethereum 101
#3339
  1. A benefit of Web 3.0 would be that new websites like social networks for example (Steemit) can have their own currency and their own economy model.
  2. A token is a cryptocurrency or Smart contracts created on top of the Ethereum platform.
  3. A token is created by using solidity and a token standard like ERC20
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#3340
  1. Competition and incentives for smaller corps and early adopters, less centralized and more transparent business models.
  2. Token is a currency on the blockchain built on a set of standards, like ERC-20, BEP-20 and so on. Mostly used by dapps for a semi independent ecosystem.
  3. Tokens on ETH can be created by following the ERC-20 standard for fungible tokens, or ERC-721 for non fungible. Tokens are created by writing a Solidity or Viper code for them and deploying the contracts to the blockchain.
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#3341
  1. Smaller companies can compete with larger ones. Early adopters are incentivises, later the value will increase when they earn less. No middle man needed.
  2. A currency based on etherum (fungible or nonfungible) or other blockchain networks
  3. Smart contracts
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#3342

Money will not flow to middle men but be more peer to peer, people will get paid for their own content and time and have ownership of their data. This will allow normal people to take on big corporations.

A token is a store of value in some way, it is built on a smart contract platform like ethereum and lives on the blockchain it can be fungible or non fungible.

you need to write a code on solidity using ERC20 standard for fungible tokens and ERC721 for NFT’s

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#3343

  1. What are the benefits of web 3.0 (decentralized internet)?
    With Web 3.0 value can be captured in the protocol level as oppose to Web 2.0 where only the applications were able to capture value. As well, as DAPPS are built on top of the Ethereum network if one or a few become more successful then as a result Ethereum(theoretically through supply and demand) should also go up in value.

  2. What is a token?
    Tokens are a type of crypto currency which have been built on top of another blockchain, like Ethereum. It can be used for investment purposes, store of value or to make purchases.

  3. How do you create a token on Ethereum?
    You can create a token by building a smart contract by using the ERC20 standard coding which is compatible with the Ethereum network.

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#3344

1- The benefits are the value at the protocol level incentivised by early adoption.

2- Is a fungible or non-fungible cryptocurrency associated to smart contract or dapps built on top of a blockchain, by example ethereum.

3- By using a common programming language such as Solidity to create a smart contract with standardized fungible codes such as ERC20 or other non-fungible code ERC 721 or ERC1155.

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#3345
  1. It will allow individuals to benefit economically from participating in communities and greater privacy
  2. A token is the native currency of a DAPP that allows the DAPP to distribute value. As DAPP usage grows the value of the token grows. There are two types of tokens, Usage and Work tokens. Usage tokens pay for usage while Work tokens confer voting rights to control the development of the DAPP
  3. Typically with a token factory or with a smart contract written in solidity.
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#3346

  1. The benefits of a decentralised internet are that value can be capture at the protocol level, there can be censorship resistance. It also means that users may be able to have financial incentives to use and promote dapps, as they can now collect value through increased adoption and network growth.

  2. A token is a digital asset (fungible or non-fungible) which is built using a smart contract on top of a blockchain (e.g. Ethereum). Tokens can vary in utility as resource, however it’s most commonly used to operate and interact with a particular dapps.

  3. You can build a token on top of Ethereum by writing a smart contract, following the ERC20 guidelines (for fungible tokens), or the ERC1155 (for non-fungible tokens). When you deploy your token to the blockchain, you should set various parameters such as token supply and inflation rates etc.

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#3347
  • Ownership of data with increased security.
  • Best access to information.
  • No central points of control (decentralization)
  • Decreased censorship.
  • Uninterrupted service.

  1. Tokens represent fungible and tradable assets or utilities.

  2. A Ethereum based token can be created with ERC20, implemented as a smart contract, and executed on the EVM in a decentralized manner.

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#3348
  1. Web 3.0 enables esoteric applications that allow communities to develop through a self-funding model (tokens) that incentivises early adopters
  2. A token is digital assets built on smart chain platforms
  3. Ethereum token is created by using the ERC20 standard functions that enable the token to have inoperability and communicate with the network .
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#3349

The main benefit of web 3.0/decentralized internet is the ability for anybody to compete with the current giants within the space and for value to be more evenly distributed.

A token is essentially a smart contract built on a platform such as Ethereum. It can be fungible, or non-fungible.

To create a token on Ethereum, you need to create a smart contract using one of the token standards (ERC20 for fungible tokens, ERC721 or ERC1155 for NFTs)

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#3350
  1. Web 3.0 allows to keep money in people’s hand instead for their valuable content instead of giving them to big techs.
  2. Token is the programmable digital asset that is created on some blockchain platform.
  3. Token can be created by the writing a special smart contract and deploying it in ethereum blockchain.
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#3351

  1. What are the benefits of web 3.0 (decentralized internet)?
    –> the higher the demand for a protocol the higher the value of the token. participating and making it grow benefits the participants monetarily.

  2. What is a token?
    –> a unit of account built on top of Ethereum that relies on smart contracts for its execution

  3. How do you create a token on Ethereum?
    –> it’s a smart contract following ERC20 standards

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#3352
  1. What are the benefits of web 3.0 (decentralized internet)?
    A decentralised internet promotes economic incentives for early adopters which will allow smaller companies to compete with established players in the market.
  2. What is a token?
    A token is a unit of value on a blockchain.
  3. How do you create a token on Ethereum?
    You can create a token using a smart contract.
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#3353

What are the benefits of web 3.0 (decentralized internet)?

  • With web 3.0 or the decentralized internet, value can be captured at the protocol level. Other than that, there would be greater opportunities for smaller and newer companies and individuals.

What is a token?

  • Tokens are cryptocurrencies that are built on top of native crypto or coin, like Ether, that was programmed using a standard, like ERC20, and that can be fungible or non-fungible.

How do you create a token on Ethereum?

  • A token can be created by making smart contracts
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#3354
  1. Web 3.0 early adopters are incentives by being the first ones to use a program.
  2. A token is a decentralized application/ smart contract built on a smart contract coin.
  3. Using solidity which is a simple code that allows you to create smart contracts with a fungible or a non fungible token.
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#3355

  1. Gives the money & power back to the people.

  2. A fungible or non fungible cryptocurrency created using smart contracts.

  3. You create a token on ETH using a smart contract that uses ERC20, ERC721, or ERC 1155.

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#3356

  1. Decentralisation, a share of the rewards, to have a say and be an early adopter.

  2. A token is a fungible or nonfungible token used on a blockchain as a medium of exchange and is an asset.

  3. Tokens are created by a smart contract on the EVM.

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#3357
  1. Decentralized internet or Web 3.0 is the next level of the evolution of the web and it gives value to its protocols and users receive incentives for its participation on Web 3.0 dapps.
    2.Token is a smart contract that is built on top of the Etherium platform. It can be fungible or non-fungible depending on the standards they’re using.
  2. Token can be created by using a smart contract, which is a programmable asset that executes certain instructions.
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#3358

  1. Web 3.0 is a web where the protocol is valued since day one. Money incentive among thes users, decentralized. Not a monopoly of 3 big tech companies and thats all.

  2. A token is build on top of a already existing blockchain ecosystme. It could take the shape a a smart contract.

  3. By following the standard dev called ERC20.

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