Homework: Web3.0 and Tokens

Ethereum 101
#3579
  1. What are the benefits of web 3.0 (decentralized internet)?
    Captures value at the protocol level which internet 2.0 did not. Allowed apps to capture all value. Web 3.0 allows for both to capture value but no dApp will exceed the value of the protocol.
  2. What is a token?
    A token is a crypto asset or smart contract that is built on top of an existing blockchain network. Such as ERC-20 tokens on Ethereum.
  3. How do you create a token on Ethereum?
    Tokens created have to match ERC20 standards and can then be customized via smart contracts to perform unique functions for users.
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#3580

  1. What are the benefits of web 3.0 (decentralized internet)?
    -Value is now included and the internet becomes more decentralized. This gives the opportunity for smaller companies to compete and early adopters to use the platform.

  2. What is a token?
    -A token is a fungible or non fungible digital asset that is developed using smart contracts.

  3. How do you create a token on Ethereum?
    -It can be created by coding a smart contract and using token standards.

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#3581

Homework on Web 3.0, and Tokens - Questions

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

Web 3.0 brings dynamic interactivity through the challenge, NFT platforms for more inclusive finance in decentralization, that is to say or anyone who has a minimum knowledge of the different ecosystems and other cryptocurrency environment can interacting with smart contracts such as those of Uniswap, Balancer, MakerDao on Ethereum requires no financial intermediary to make money, interest on loans to raise funds …

Web 3.0 is what allows small startups developing technological solutions to raise funds in exchange for their in-house token.

The advantage of a protocol in the making that can even claim in the future to compete with Big Tech is that by raising funds from a public ranging from informed to insider, to profit within the framework of a airdrop of an airdrop with a certain number of low value tokens generally at the beginning serving to encourage the interested parties to use the protocol or the proposed solution, which will result in a network effect through social networks such as twiter facebook, telegram.

As the network effect becomes important the interest of use will diminish in favor of an increase in the price of the token in which one has invested.

The different challenge protocols clearly show this diagram the crowdloan on kusama too. The difference is that you have to respect the cyclycity of the market.

2 - What is a token?

A token is a piece of programmable code generally deployed via smart contracts, it can have different types of standard: ERC20, ERC721, ERC1155 for Ethereum, but they can also be located on other blockchains such as BTC, TRON and its TRC10 standards. , BINANCE SMART CHAIN ​​AND SN STANDARD BEP20, SOLANA its SLP standard …

3 - How do you create a token on Ethereum?

Generally we create a token on ETH by encoding via the Solidity language the implementation of smart contract allowing to define functions within which are variables allowing to program the name, the offer the quantity of token to store the type of desired standard: ERC20, ERC721 or ERC1155 for more advanced and specific programmability functions for the latter. The activation of the latter begins with its deployment on the network once the copilation has been carried out and translated via the EVM or algorithmic mathematical function of coordination of executions at our CPU.

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#3583
  1. Decentralized internet is better, because it cannot be shut down by the governant or someone else. It’s also better for smaller companies to get attention and reward the early adopters. Also the protocol gets rewarded by paying fees (gas)
  2. A token is cryptocurrency (fungible or non-fungible) build on top of an exsisting blockchain
  3. You can create o token on the Ethereum by creating a smart contract/Dapp.
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#3584

  1. What are the benefits of web 3.0 (decentralized internet)?
    Value is in the protocol and new apps can be monetized/incentivized.

  2. What is a token?
    A token is a form of smart contract that is a unit of value built on an exisiting blockchain with a cyptocurrency (ERC-20 tokens built on ETH).

  3. How do you create a token on Ethereum?
    By creating a smart contract in Ethereum.

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#3585

  1. Web 3.0 will be able to allow the function of tasks that currently rely on intermediaries in order to function. Removing these “middle-men” means that these tasks will run more efficiently, privately and cheaply without the ability for anyone to change or make an error. It will all be done via protocols.

  2. A token is a fungible token or non-fungible that is a product/unit of value create by a smart contract.

  3. A token can be created by writing a smart contract in solidity and deploying it on the network.

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#3586
  1. Web 3.0 allows for people to invest at the protocol level, because applications built on Ethereum still need Ether to pay gas fees and execute smart contracts. It also allows for the revenue captured by those applications to be distributed to the users of that application and not solely to a big corporation. In addition, it allows for small start-ups/companies to compete with major corporations.
  2. A token is a digital asset that can be either fungible (identical in nature) or non-fungible (unique).
  3. Tokens are created via smart contracts that are programmed according to the Token Standards of the underlying blockchain.
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#3587

  1. What are the benefits of web 3.0 (decentralized internet)?
    It allows smaller businesses a chance to compete with big companies and helps to prevent monopolies.

  2. What is a token?
    A token is a programmable asset created on the blockchain network.

  3. How do you create a token on Ethereum?
    Using a smart contract.

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#3588
  1. App users are also incentivized.
  2. SC or another cryptocurrency built on top of a coin/blockchain network such as ETH.
  3. Using smart contracts

*Please correct and comment on my answers. Thank you

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#3589
  1. What are the benefits of web 3.0 (decentralized internet)?**
    A leveled playing field, allowing more competition, early adoption reward incentives, limited inflation.
  2. A smart contract or Dapp built on top of a native currency such as 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 contracts, ie ERC 721 or ERC115, etc.
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#3590

  1. What are the benefits of web 3.0 (decentralized internet)?
    Ans :
    Don’t need to give our data to control in centralised. (like facebook. google)

  2. What is a token?
    Ans :
    Token is a also crypto currency it created/build by using ethereum Coin.

  3. How do you create a token on Ethereum?
    Ans :
    Using Smart Contract

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#3591

  1. Decentralization makes an end to the monopoly of the giants. Small businesses can now compete with these giants because of economic incentives.

  2. A token is a coin build on top of Ethereum.

  3. A token is made as a smart contract and uses a standard like ERC20.

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#3592
  1. The benefits of WEb 3.0 is having incentive to become early adopters of new applications.
  2. A token is fungible or non-fungible token created on a blockchain network like Ethereum.
  3. A token created on ethereum is a basic code structure that follow the ERC20 standard.
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#3593

1.) The value of Web 3.0 is captured at the protocol level. That means that the dapps and smart contracts built on Ethereum for example, are not more valuable than Ethereum. That fixes the problem of Web 2.0, wherebig tech captured the value and the actual creators of the necessary protocol to the matter, did not get as much as they would have deserved.
2.) A share of a project, which could be blockchain based. Usually such a token has a monetary function in the blockchain space.
3.) You program an applicationon top of Ethereum.

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#3594
  1. What are the benefits of web 3.0 (decentralized internet)?
    • The value is captured in the protocol layer and not in the applications on top of the protocol
  2. What is a token?
    • A crypto currency build on top of an existing base layer protocol
  3. How do you create a token on Ethereum?
    • Using the ERC20 standard
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#3595
  1. Value distributed to protocol as well as dApps unlike web 2.0 which is controlled by a few. Economical incentives for early adoption of a new applications.
  2. A token is a cryptocurrency / asset (fungible or non-fungible) that is built from a smart contract from a protocol such as eth. Tokens are defined by a standard such as ERC20
  3. Created via a smart contract, and depending on type (fungible or non-fungible) will adhere to a standard type. ie ERC20 or ERC721 respectively.
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#3596

  1. In using 3.0 for early adopters, it gives small businesses or competitors the ability to go toe to toe with giant companies. As early adopters are incentivized by rewards by the platforms that arise from web 3.0 in its early stages, the adoption can increase as more users are brought into these platforms and the value of the tokens rise with it.

  2. A token is a digital asset that can is built off of cryptocurrencies using smart contracts on ethereum or other similar networks.

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#3597

  1. The benefits of web 3.0 is that value is captured at the protocol layer, this allows the web to be decentralized as opposed to web 2.0 where centralized applications captured all the value.

  2. A token is a cryptocurrency that can be built on top of a base layer protocol like Ethereum where they are called ERC20, ERC721, ERC1155.

  3. You create a token on Ethereum by using the ERC20 or other standards to code up a smart contract.

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#3598

  • What are the benefits of web 3.0 (decentralized internet)?
    Web 3.0 unlike 2.0 has decentralized apps and also Dapps. With this everyone can be incentivized if there is cryptocurrency involved. Other than large corporations even smaller companies and startups can benefit from it.

  • What is a token?
    Tokens are a denomination of the cryptocurrency. A virtual currency token with different types of tokens like fungible and non fungible tokens

  • How do you create a token on Ethereum?
    Its created using a smart contract.

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#3599

  1. What are the benefits of web 3.0 (decentralized internet)?
    There are numerous benefits of using a Web 3.0 , decentralised platforms are less prone to attack as they are more secure. It also incentivises people who use that platform/application with financial reward. Web 3.0 will also transfer power from centralised organisations and web giants and give more power to individuals. The ability to bypass middlemen/agents and go direct to customers etc without the reliance on third parties.

  2. What is a token?
    A token is a unit of value that is the currency of a smart contract/application

  3. How do you create a token on Ethereum?
    A token can be created by a smart contract/application on ethereum by using the ERC 20 standard.

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