Homework: Web3.0 and Tokens

[Gerardomaring]

1.- Not only the apps that are build upon the system are the ones who can capitalise the massive use of the ecosystem. And the possibility that not only the content creator can get a benefit from the use of any app.

2. A token is a segundo coin that are created using smart contract, the token value exists on a blockchain and can be fungible or non fungible.

3.- using and smart contract on the Ethereum ecosystem.

[ryan_n]

1. What are the benefits of web 3.0 (decentralized internet)?
   It provides the opportunity for the users to earn and gain value from contributing and engaging in the network, rather than the platform companies.
2. What is a token?
   A token is a smart contract built on a blockchain like Ethereum.
3. How do you create a token on Ethereum?
   You can create a token on Ethereum by writing smart contracts in the Solidity programming language and using token standards such as ERC20.

[Karambo]

1. Web 3.0 incentivizes early adopters to promote and attract new people to the product by offering them financial rewards. That could allow small players to compete with tech giants in the future.
2. Token is a cryptocurrency built on top of a blockchain using smart contracts.
3. You program it into the network using smart contracts and ERC20, ERC721 or ERC 1155 standards.

[kwaben]

1. What are the benefits of web 3.0 (decentralized internet)?
   Creators of the protocol earn economic rewards by receiving payment when Applications like Facebook, Google etc utilise the platform for their applications. So the likes of the creators of http, TCP etc do not get paid by Facebook etc now Ethrum & Bitcoin would earn a reward for any Smartcontracts created using their protocol
2. What is a token?
   A digital Asset created on a BlockChain like Etherum or Bitcoin it can be fungible… completely traceable to its source or non-fungible not traceable
3. How do you create a token on Ethereum?
   By deploying a piece of code called a Smart Contract or a DAP which is a whole unique application consisting of an ecosystem of other artefacts like websites, Servers etc etc

[Bigt1987]

1. The benefits of web 3.0 are the value is captured at the protocol lever which creates more competition and incentivizes early adaptators
2. A token is a digital asset on a blockchain network
3. You create a token on Ethereum by creating a smart contract erc20 , erc721 , or erc 1155

[John_Nutter]

1. What are the benefits of web 3.0 (decentralized internet)? This gives everyone an equal playing field to gain rewards user gets rewards by contributing to network, unlike web2.0 where corporate giants like facebook, google, dominated the rewards.
2. What is a token? Tokens are digital assets built on top of the Ethereum network. these tokens are either fungible or NFTs non fungible tokens.
3. How do you create a token on Ethereum? A token is born when a smart contract is written to the ERC20,ERC721,ERC233,ect.standard then deployed to the blockchain.

[mchiando]

1. What are the benefits of web 3.0 (decentralized internet)?
   In decentralized applications on the web 3.0 the users that contirbutes to generate value on the network also get a fare share of this value by getting rewards in tokens.
2. What is a token?
   It is a crypto asset created on ETH network.
3. How do you create a token on Ethereum?
   You can create it by coding in Solidity and creating a Decentrlaized Application (a collection of Smart Contracts that interoperate with/on the WEB)

[Crypto_PONY]

1. Benefits of Web 3.0 include;

• decentralized applications (dApps) can be built on the blockchain.
• economic value is not centralized.
• early adopters are economically incentivized, creating network effect.

2. A token is a digital asset built as a smart contract on top of smart contract platforms like Ethereum, EOS, etc.

3. A token is created by programming a smart contract on Ethereum, adhering to ERC-20 or ERC-721 and ERC-1155 standards for fungible and non-fungible tokens respectively.

[SweetNetworker]

1. Web 3.0 allows smaller companies to compete against larger companies. Smaller companies can incentivise early adopters by rewarding them with their own tokens. As the adoption of the platform rises the value of the tokens may also rise.

2. A token is a cryptocurrency built on a coin using smart contracts.

3. Tokens can be created with the use of smart contracts. By applying standards such as ERC20, then token will be supported by the Ethereum exchange and wallets.

[mulaterikos]

1. Every user can be fairly rewarded for their contributed efford in the network (using the network).
2. Programable digital asset
3. Using ERC 20 standard + creating smartcontract

[Cryptofly]

1. What are the benefits of web 3.0 (decentralized internet)?
   The benefits of web 3.0 is that offers freedom and peer 2 peer transparency for smaller companies. No more middlemen or top-down control from powerful corporations.

2. What is a token?
   A token is a digital asset or cryptocurrency that runs on Dapps/smart contracts.

3. How do you create a token on Ethereum?
   Tokens are created using a simple code run on ERC-20 Ethereum. It’s a standard way to deploy tokens on a smart contract.

[McRiaidhri]

1. Incentive for early adopters. Innovative, greater privacy and security.
2. A token is a digital asset built on smart contract networks like Ethereum, Cardano etc.
3. You can create a token on Ethereum by utilizing a smart contract.

[Loresmen]

1: It allows people who started earlier to have a head start as the base is built upon money, as the base itself is what has value and each protocol built upon gives it more value instead of it having no base value in and of it’s self

2: A token is a digital asset, built on top of eth, all tokens are programmed with the same basic code so it can be read easily. They are used by smart contracts

3: They can be created by a smart contract

[MagnusB]

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

Web 2.0 is controlled by a select few companies which hold a monopoly and who decide what and who is allowed to exist on the internet.
Web 3.0 would be more censorship resistant, the power more spread out and the need for 3rd parties would decrease which would increase the economic efficiency.
Payments are natively built in to web 3.0 so no payment companies like Paypal or Visa are needed.
International trade would benefit since no cumbersome cross-border payment systems would be needed as the blockchain is global.

2. What is a token?

It is a form of cryptocurrency running on a blockchain like Ethereum, it is really a smart contract.
The smart contract controls economic policies like maximum supply, the minting of new tokens etc.

3. How do you create a token on Ethereum?

You create a smart contract, which (usually) follows a standard like ERC-20 which means you implement the standard contract with the modifications you want for your token.

[BigTava]

1. What are the benefits of web 3.0 (decentralized internet)?
   Economic incentive for participants since value can be transferred between parties on the protocol level. Content can’t be censored because it exists on the blockchain, disabling powerful organizations from removing content from the network. It also increases security because users can access the web with their private keys which they hold, instead of a password which is stored on a centralized database. There is also more control over Data ownership and sharing.

2. What is a token?
   A token is a digital asset built on top of a blockchain network. The value of a token represents the value of the specific progammable asset or utility managed by the dapp. Tokens are used to icentivise and reward certain actinos and behaviour, to grant certain rights within the ecosystem, or as a medium of exchanve, as a method of payment, store of value or even as collectibles.

3. How do you create a token on Ethereum?
   By writing a smart contract and deploying it on the ethereum blockchain. This token contract must be written according to a certain standard (the ERC20 standard if it is a fungible token).

[MatthiasTay]

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

• Protocols are now able to capture the financial value, rather than letting applications that were build on top of the protocols to fully capture the market share

2. What is a token?

• a token is a SC that that is build on top of another network using the same standard, but have its own currencies

3. How do you create a token on Ethereum?

• Deploying a SC on ETH that follows the ERC20 standard

[Marcelo]

What are the benefits of web 3.0 (decentralized internet)?
While the web2.0 have failed to capture the value, web3.0 was sucessfull at bringing the value to its own enviroment. So developers, investors and people who want to take a part in the development of web 3.0 will be rewarded by the level of dedication they put in.

What is a token?
It is a digital, crypto asset created within a blockchain. On ethereum network you create a token by using a smart contract.

How do you create a token on Ethereum?
With a smart contract that indicates the rules that will define the characteristics of the token.

[mohamed_navvaf]

1. it helps the user gets the rewards, early adopters and removes the monopoly of the industry leaders.
2. a cryptocurrency that uses another blockchain and fees are deducted in a coin of that blockchain.
3. using smart contracts using the ERC standards.

[Monarcha]

1. Early adopters will be rewarded. Privacy can be achieved with anonymity.
2. A token is a digital asset created on top of a blockchain network such as Ethereum.
3. A token can be created by writing down pieces of code (smart contracts) using the Solidity programming language

[Zinar6]

1. Your able to capture the value of an application and incentives others to join to be rewarded with built in inflation.
2. A coin is a native currency used to execute transactions on the network and a token is a crypto currency built on top of that network.
   3.Writing smart contract and following ERC token standards if deployed to the Ethereum blockchain.