Homework: Web3.0 and Tokens

Ethereum 101
#3519
  1. What are the benefits of web 3.0 (decentralized internet)?

Now anyone has a chance to build their own economy with DAPPS, APPS, Tokens, and smart contracts. Small and start up companies now have a shot at competing with the network giants.

  1. What is a token?

Crypto tokens are a cryptocurrency that represents an asset or specific use that resides on a blockchain.

  1. How do you create a token on Ethereum?

A token is created by first purchasing ETH to pay for the Gas. Then build a smart contract using one of the appropriate programing languages and an acceptable Standard on top of the ETH network.

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#3520
  1. In Web 3.0, early adopters make a lot of money

2.token is a cryptocurrency that is created on top of another network, such as chainlink, 0x, and more.

  1. a token is created by using smart contracts and using the ERC20 or ERC 721 standard.
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#3521
  1. The benefits of Web 3.0 is that small players can join and benefit to community through tokens reward.

2.A token is a fungible or fungible digital assets written on ethereum smart contract.

  1. A token on ethereum is created by smart contract on ethereum blockchain and executed by EVM.
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#3522

  1. Protocols can capture value, which in turn can incentivize people to create protocols. It also incentivizes early adopters.

  2. A token is a digital asset created on Ehtereum or other blockchains. These can be either Fungible tokens (meaning each token is not differentiated from the other ones) and uses the ERC20 standard or Non-Fungible (Meaning each token is differentiated from the other ones) and uses the ERC721 and ERC1155 standards.

  3. A token can be created on the Ethereum blockchain by developing a smart contract.

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#3523
  1. As we know Web.2.0 when social media like FB ,twitter Google ,started and cpatured the market ,they created monopoly, from Web 3.0 can body can start theried own compnay because this is decentralised .there is no monopoly

2.Token are the vertually anythings in etherum like lotry ticket, Stock,fiat currency
3.Token can be created throught simple code by token contract

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#3524
  1. What are the benefits of web 3.0 (decentralized internet)?
    Smaller entities are able to compete with pre-existing giants and introduce various improvements. Middlemen are reduced and value is distributed more fairly across community participants. Security can be improved by reducing centralised vulnerabilities and there is less risk of human error or manipulation.
  2. What is a token?
    A token can take the form of a vast range of things but they generally share the characteristics of being a programmable currency, value or asset that exists within blockchain ecosystems. They can be used to represent real world things or purely digitalised information. They are distinct from coins in that coins are based in their native blockchain and tokens are built upon the native blockchain.
  3. How do you create a token on Ethereum?
    Generally by using a token standard to deploy a smart contract onto the blockchain.
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#3525
  1. It is an internet controlled by the people, rather than by a few massive tech conglomerates. It also helps small businesses compete by incentivizing early adopters. As the number of adopters increases the value of their tokens increases.
  2. A token is a smart contract or DApp created on the blockchain. These could be fungible tokens like cryptocurrencies which are all the same, or non-fungible tokens like different items in a game.
  3. By writing a smart contract in Solidity or Viper.
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#3526

  1. Web 3.0 benefits:
    a. allows to capture a value at a protocol level
    b. allows to build a smart contracts and DAPPs in a decentralised way
    c. allows to build whole new economies and create tokens (and this allows to gain value by users, specially by early adopters)

  2. A token is a digital asset (fungible or non-fungible)that is developed by using a smart contract. Token is a representation of a particular value or utility taht lays on the other blockchain.

  3. A token on Ethereum is created by writing a smart contract, so a small program on blockchain that governs bunch of rules set by creator.

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#3527

1.) Being able to build websites, tokens, NTF’s, etc with finacial incentives for bettering the network
2.) A token is a digital asset built on top of the Ethereum network
3.) Create a smart contract using ERC20 standard

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#3528

1. What are the benefits of web 3.0 (decentralized internet)?
It allows value to be created in a decentralized way. It will allow a small dapp to grow and the creator to be rewarded for what they created and do.
2. What is a token? is a digital asset that has been built on a platform such as Ethereum. can be a fungible or non-fungible. Ethereum would be the coin and something like V-chain would be the token.
3. How do you create a token on Ethereum?
I would use a program like solidity to create a smart contract. This will ensure that I am using standard programming so that it can function on the Ethereum network. There are a number of things that must be built into the programming like: purpose of token, name, supply, and many other attributes that I do not yet have a large amount of knowledge yet.

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#3529

  1. What are the benefits of web 3.0 (decentralized internet)
    The benefits of a decentralized internet web 3.0 is that value is being captured at the protocol level which is very attractive as an incentive model for small businesses and early adopters to grow on top of. Being peer to peer with no 3rd party middlepersons allows for efficient and percievably fair access to the network rescources. Being able to design economic’s on top of web 3.0 specific to certain token application use (tokenomic’s) is also key in allowing projects to thrive along with their users. An example of this is allowing users of a platform to own their data/ content and monetise this at will in a peer to peer fashion as well as offering early adoptor rewards. projects such as steemit or the Basic Attention Token are 2 of many examples of this.

  2. What is a token?
    A token is a smart contract that maps and captures total addresses and their balances within its realm. Balances may represent monetary value, phyical or digital objects, and even a registar of confidence or a vote. It will have the attributes of a name, a ticker symbol, and decimal points to distiguish how divisible a token may be. e.g votes should not be divisble so decimal would be set to zero.

3.how do you create a token on Ethereum?
A token would be created by initiating a smart contract adhering to the ERC20, ER721 and ERC233 standards.

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#3530

  1. Web 3.0 is beneficial as it reduces the monopoly that a few companies currently have over the internet. Early adopters to good projects can profit like never before. Anyone with a great idea is allowed to create and bring their idea to life on web 3.0.

  2. A token is a programmable asset built on top of a protocol such as Ethereum. It can be programmed to do almost anything.

  3. Tokens on Ethereum are created by writing smart contracts using the programming language called Solidity. They are built using a common standard depending on what tasks you may need it to perform. Ethereum standards are ERC20, ERC721, or ERC1155. That way, they will be fully compatible with any exchange or wallet that supports the standard of the token.

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#3531

  1. What are the benefits of Web 3.0 (decentralised internet)?
    It gives the ability to compete fairly on the net by removing the big manipulators like google.

  2. What is a token?
    A digital asset that can be utilised within an ecosystem for such things as services or rewards.

  3. How do you create a token on Ethereum?
    By creating a smart contract ERC20, Ethereum blockchain.

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#3532
  1. Benefit of web 3.0 is that it enables capturing of value on a protocol level and that it enables the creation of decentralized applications.
  2. Token is a currency that is created on top of another cryptocurrency with a smart contract.
  3. You can create a token on Ethereum using a smart contract.
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#3533
  1. The benefits of web 3.0 are increased peer to peer allowing financial incentives and increased value in content.
  2. A token is a smart contract built on protocol layer blockchain that follows standards allowing it to hold and transfer value.
  3. You create a token on Ethereum by creating a smart contract in Solidity code following ERC20 standard.
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#3534

Q.1.What are the benefits of web 3.0 (decentralized internet)?
A.1. Allows small organization to create D’apps (Decentralized Applications - in the form of smart contracts) that can now capture (monetize) a users entire experience by connecting to a website…that is not connected to large companies(google, facebook) that have in the past monopolized a users entire experience.
Small niche economies can now be built, which then increase transactions between participants, causing demand to increase coin and token prices.

Q.2.What is a token?
A.2. built as small smart contracts that sit on top ETH blockchain executed by the EVM

Q.3.How do you create a token on Ethereum?
A.3. build smart contracts coded to the ERC20 standard (fungible=identical tokens/currencies).
build smart contracts coded to ERC1155 or ERC721 standards(non fungible=unique tokens/currencies/coins used in game programs for example).

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#3535
  1. The benefits of web 3.0 is building dapps or decentralized apps which will have the economic and financial incentive for the users leading the way to compete with the big companies that dominate the internet web 2.0
  2. Tokens are cryptocurrencies that have their own utility and they built on top of the Ethereum network so they are for example ERC-20 tokens or they might be built on another blockchain like NEO
  3. You create a token on Ethereum by deploying a smart contract which will be executed by the EVM and validated by all the nodes that will reach the same result.
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#3536

Homework on Web 3.0, and Tokens - Questions

  1. What are the benefits of web 3.0 (decentralized internet)?
  • The decentralisation of apps using the internet. Noone are controlling it and everyone can build on it.
  1. What is a token? a smart contract.
  2. How do you create a token on Ethereum? coding a smart contract on the blockchain using erc20 standart bytecode language.
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#3537
  1. The benefits of web 3.0 decentralized is that it has the new internet that can be useful for ecosystems to store tokens to give any companies a chance to compete.
  2. A token is a digital asset that uses smart contracts and store cryptocurrency in blockchain.
  3. A token can be created on ethereum is to use the blockchain to store cryptocurrency for ethereum.
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#3538

1. What are the benefits of web 3.0 (decentralized internet)?
To provide private, secure, and censorship-resistant access to information and services.

2. What is a token?
A token is a type of cryptocurrency that represents an asset and resides on its blockchain.

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

Contract code > Create Ethereum wallet with MetaMask > Get Ropsten Ethers > Edit the contract code > Deploy Contract Code on Remix > Publish and Verify Contract > Add token to your wallet.

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