Homework: Web3.0 and Tokens

Ethereum 101
#3399

  • What are the benefits of web 3.0 (decentralized internet)?
    Allows for transactional value to be added to web interactions in the form of tokens. Users can be rewarded or make transactions on Web 3.0 while interacting with a website for example.

  • What is a token?
    A currency coded as a smart contract to govern its behavior on top of a blockchain with smart contract capabilities.

  • How do you create a token on Ethereum?
    By coding a smart contract using its ERC20 or NFT ERC standards like ERC721

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#3400
  1. That it takes the power out of the hands a few huge tech companies and alllows for anyone and everyone to profit. Freedom.
  2. It is a smart contract built on Etherum or any smart contract platform.
  3. You create a smart contract.
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#3401

1.What are the benefits of web 3.0 (decentralized internet)?
early adopters will gain signifigantly more than mass adopters because it the value goes to the protocall instead of the websites that made a monopoly on the internet thus making the internet more fair to new and upcoming things
2.What is a token? a token is a currency/smart contract that runs on a Dapp
3.How do you create a token on Ethereum?
by following standards to let your token effectivley communicate and transfer with others on ethereum

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#3402
  1. What are the benefits of web 3.0 (decentralized internet)?
    It will sideline the web giants such as google and facebook by making it easier for startups to compete
  2. What is a token?
    a token is a cryptocurrency asset. There are fungible and non-fungible tokens. Fungible tokens are all the same, kind of like a specific coin denomination in your wallet, non-fungible tokens can be different, like for online gaming
  3. How do you create a token on Ethereum?
    You implement an erc20 smart-contract
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#3403

Money as a layer on the internet. Peer to peer without ant third party.

A token is fungible or non fungible digital asset created on Ethereum or other blockchain networks.

A token is created on ethereum using some code usually in solidity.

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#3404
  1. Value is more evenly distributed amongst the network between users and developers
  2. A token is a fungible or non-fungible digital asset created on a certain blockchain, the most prominent one today being ethereum.
  3. By implementing a smart contract function using one of the standards
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#3405
  1. The smaller players will be able to compete with bigger companies like Google or Facebook by utilizing decentralization .
  2. Token can be programmed on the ETH, EOS or other platforms . Represents utility or asset provided by smart contract.
  3. Token can be created using some token standard ( or not using if you want to do something not standard ) like ERC20 or ERC 721 etc by smart contract.
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#3406
  1. Web 3.0 brings decentralization not just to monetary transactions but to absolutely anything within a programmable means such as youtube, facebook, twitter & even Government webstits etc. The benefits this brings are infinite due to the increase in Freedom.
  2. A token is a network built on top of and economically attached to the Ethereum Network, which holds certain standards that enable all sorts of innovation that could be better than how people currently try to innovate & build.
  3. Deploying a dapp & coding a network within the standards required, is how you create a functioning token on Ethereum.
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#3407

1 - #1 uncensorable #2 users can be rewarded tokens for using web 3.0 dapps. Users share in the value , instead of all value going to the company. #3 with the ability to share value with tokens it opens up a whole new world of possibilities that could not exist on web 2.0

2 - a token is a new currency created on the etherium blockchain with ERC20 standard. It is programmable assets that can hold and send value.

3 - Using the ERC20 standard you can create a fungible token on etherium blockchain

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#3408

  • What are the benefits of web 3.0 (decentralized internet)?
    a decentralized internet allows for many more players. smaller compaies will be able to compete with the giants. Early adopters are incentivized.

  • What is a token?
    A crytpocurrency that is built on a smartcontract platform.

  • How do you create a token on Ethereum?
    With smart contracts using a token standar like erc20 erc721

#3409

Questions;
. Web 3.0 is decentralized so people have an incentive to use the network because if the network becomes more popular then the value increases, which will allow for smaller start ups to compete with giant corporations.
. Tokens result from networks as they are used as either a fungible or non fungible currency.
. Coding is used in order to complete smart contracts which result in tokens.

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#3410
  1. Allows average people and investors to compete and take the market share away from corporate monopolies. Incentives people to contribute thru tokens. Allows financial reward based on the platform use as demand increases platform investors (Ethereum token holders) value goes up, in general sense speaking.
  2. A token is based on a smart contract built on top of a network such as Ethereum. Tokens are a programmable asset that builds some type of economy or purpose.
  3. By complying with Ethereum standards, and developing a smart contract application
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#3411

  1. There are a number of benefits associated with Web 3.0, including incentivization of early adopters, and therefore the potential for smaller projects to compete with large companies. Web 3.0 is able to capture value on the protocol level.

  2. A token is an asset generated through a smart contract, on top of an existing blockchain.

  3. A token can be created on Ethereum through creation of a smart contract.

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#3412

  1. What are the benefits of web 3.0 (decentralized internet)?
    People can own and be properly compensated for their time and data, instead of big corporations owning everything.

  2. What is a token?
    A token is a smart contract that represents a digital asset such as a currency.

  3. How do you create a token on Ethereum?
    It can be created using a smart contract. A simple way is to implement the ERC-20 standard.

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#3413
  1. Web 3.0 has captured value on the protacal level
  2. A token is a fungible or non fungible smart contract that runs on the ethereum blockchain
  3. You can create a token on the ethereum blockchain by using the standards of the erc 20 and deploying the smart contracts
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#3414

1.It gives the protocol-level of internet value. Also, it helps small apps/networks grow by solving the early-adopters problem through providing incentive to join the network
2.A token is a currency built on top of a blockchain through smart contract programming
3. To build a fungible or non-fungible token, we need to program a smart contract that follows a set of standards, ex. ERC20 for fungible or ERC720/1155 for non-fungible

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#3415

  1. People get rewards for contributing to the network, so early adopters can also earn a lot of value if the platofrm ever becomes big, not only the developers. This attracts people and helps the platform grow.

  2. A token is a unit of value, defined by a smart contract on a smart contract platform like ethereum.

  3. By making a smart contract defining it, in the case of ethereum we use the ERC20 standard to do this.

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#3416

1. What are the benefits of web 3.0 (decentralized internet)?
Smaller companies can attract a larger amount of early adopters for their new service, they get incentivized to use it and as adoption grows so does the potential value of the attached token. there is also the opportunity for protocols to capture value instead of the applications that use them, you can also create your own economic model either on an existing platform or an emerging platform.

2. What is a token?
A token is a store of value created from a smart contract that was built on top of Ethereum for example.

3. How do you create a token on Ethereum?
By using the ERC20 standard you can write a smart contract that has its own taken as a form of value.

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#3417

  • What are the benefits of web 3.0 (decentralized internet)?
    Allows the protocol and early adopters to gain the value.

  • What is a token?
    Smart Contracts built on top of a blockchain (Etherium) that represents a type
    of cryptocurrency are called Tokens.

  • How do you create a token on Ethereum?
    Using the ERC-20 Standard

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#3418

  • What are the benefits of web 3.0 (decentralized internet)?
    Regardless of how one might interact in this space, each interaction has the potential of gain rewards. This takes care of the few in the current space (Web 2.0) who gain profits and information for freeā€¦or under the guise of ā€œoffering a free serviceā€ in return for our input, eg; facebook, who have access to clients private/public information.

  • What is a token?
    A token is a digital asset, contract or program developed on a network like Ethereum.

  • How do you create a token on Ethereum?
    By utilising Ethereumā€™s ERC20 platform using a ā€œstandardā€ of communication between applications, programmers create smart contracts to perform certain tasks in a way that incentivise users and builders.

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