Homework: Web3.0 and Tokens

Ethereum 101
#341
  1. protocol level and early adopters gain value
  2. token is a smart contract build on ethereum network and represents value. it could be said that it is a a crypto currency. it is a fungible (standard) or non-fungible asset having its value written in solidity on ethereum network
  3. through creation of a smart contract on ethereum network i.e. it is a creatimg through writing a script/code based on standards ERC20, ERC721 and ERC233.
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#342
  1. Web 3.0 allows the decentralization of the internet, making it possible for every member of the network to collaborate in building it. It also enables greater independence and value generation on the Internet, as it makes it possible to create autonomous “economies” within the internet itself. The “network effect” is another benefit, because all the members of the network are able to profit (in terms of value but also in terms of experience, independence, and so on) from participating.
  2. A Token is a digital asset that exists on a blockchain and is created on the basis of a smart contract. They can be fungible, like ERC20, or non-fungible, such as ERC721 and ERC1155. They basically represent coins that are created on top of the blockchain on the basis of some specific protocol rules.
  3. Tokens can be created using Smart Contracts and defining rules that establish how the Token will work once generated.
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#343

It cuts out monopoly by the big players, everybody has the same chance. It is not governed by any middlemen.

A token is a smart contract with an Erc20 standard built on the blockchain.

It is created with the programming language solidity to Erc20 standard having standard functions in, miners are paid in gas to execute it

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#344

  1. What are the benefits of web 3.0 (decentralized internet)?
    One of the benefits is that the information (power) is not centralized/controlled by few big parties, but spread across the whole network. This distributed network also has the ability to capture value, which may open the door to new investing opportunities for anyone.

  2. What is a token?
    A smart contract deployed on the Ethereum (or other smart contract) network.

  3. How do you create a token on Ethereum?
    Creating a smart contract using one of the ERCX token standards supported by the Ethereum network (ERC20, ERC1155, ERC721, etc).

By the way, 2020 and BTC not 50K :sob:

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#345

1- you don`t only have centralized websites, instead you also have decentralized websites an Dapps being developed that could have their own token and economical model, therefore the dynamics of the competition with the tradicional leaders of the web is shifting.

2- is a digital asset created with smart contracts that are programmed under certain standards so they can interact with the underlying infrastructure of the blockchain in which they have been built in.

3- using smart contracts and following the standards of the type of token you want to create for the coding.

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#346

A token is basically a smart contract that is build on Ethereum (or eos, Tron,…) you can create a token on ethereum that represents loyalty points in a shop or representing coins in a game. Or just a new kind of digital currency. The possibilities are endless.

#347

Lol, aren’t you init for the Tech? :grin:

#348
  1. The benefits of web 3.0 is to incentivize early adopters through tokens for usage of the network. As the network gains traction, the tokens rise in value and you gain less with the same tasks compared to before.
  2. A token is either fungible or non fungible. (ERC20 or ERC1155/ERC721). A token is built on top of Ethereum (Coin) but can also create it’s own economy and ecosystems.
  3. to create a token on the network, you have to code a supported token standard (ERC20,ERC1155,ERC721) and deploy onto the network and supply it with gas.
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#349

Sure I am! XD

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#350

1. What are the benefits of web 3.0 (decentralized internet)?
That there is no central authority that can censor things.
It also provides an oppotuneity to take on some of the big giants like google and facebook. By providing econonic incentive for early adopters. An example of this is Steemit.

2. What is a token?
A token is a cryptocurrency that is build ontop a blockchain platform like Ethereum

3. How do you create a token on Ethereum?
By creating a smart contract on the platform following one the token standards alreadly developed like ERC20 .

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#351
  1. What are the benefits of web 3.0 (decentralized internet)?
    give incentives for newer innovations
  2. What is a token? programmable digital asset
  3. How do you create a token on Ethereum? from ER20
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#352

  1. Smaller companies can now compete with large corporations since early adopters and investors are rewarded if the company is successful. It encourages community following. Financial rewards are spread throughout the layers on the internet unlike WEB 2.0 where corporations hoard all the financial rewards.

  2. A programmable asset on the ethereum network other than ETH.

  3. By using the ERC 20 standard to programme a smart contract on top of ethereum.

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#353
  1. It creates an equal platform for small companies and early adopters to compete with large corporations on web2.0
  2. A token is a unit of curency or trade created on the ERC20 standard.
  3. You can create a token by using the ERC20 standard and through smart contract and make it trade-able on the Etherium network. It could then be sold on exchanges or given as a reward for engagement or participation on the creators website of network.
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#354
  1. What are the benefits of web 3.0 (decentralized internet)?

No monopoly such as google etc.
Can be incentivesed With Tokens.

  1. What is a token?

Application built ON TOP of another blockchain and user is incentivised.
Fungible Tokens are identical.
Not -fungible is not identical.

  1. How do you create a token on Ethereum?

A token is created trough smart contracts.

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#355

  1. The benefit of Web 3.0 is being able to create value at the protocol level. It allows companies to make money on the backend of the internet.

  2. A Token is like a Smart Contract. A Smart Contract can represent its own Token. Application built and deployed on the Ethereum network by Smart Contract Companies will often have its on Token.

3… You can create a Token on Ethereum by writing a Smart Contract and deploying it to the Ethereum network.This will create your Token.

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#356
  1. What are the benefits of web 3.0 (decentralized internet)?
    Allows the protocol layer to be economized, therefore incentivising adopters.
  2. What is a token?
    It is a cryptocurrency built on top of the protocal layer.
  3. How do you create a token on Ethereum?
    Tokens are creating via smart contracts using the token standards.
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#357

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

It gives the chance to anyone to be able to compete with “the web 2.0 monsters” at the same level via decentralization peer to peer network and money incentives ( steemit for instance that could compete with giant Facebook cause of its incentive rewarding system)

2. What is a token?

Fungible of NFT (unfungible) Digital asset on top of blockchain that runs via smart contract

3. How do you create a token on Ethereum?

Via a smart contract choosing between fungible token such as ERC-20 and NFT token

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#358
  1. The benefits of Web 3.0 is a beautiful thing: small companies can compete with the big guys! This is possible through letting rewards go to early adopters who get more tokens, thus incentivized, when the value of the network is low.
  2. A token is a form of cryptocurrency- fungible or none-fungible- developed using smart contracts on top of a blockchain like Ethereum.
  3. To create a token on Ethereum, you write a smart contract using the ERC-20 standard.
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#359
  1. Web 3.0 will bring a more stable and secure internet. There should be more freedom and not have a centralized system with only a few controlling. With independant nodes running the network will assist in less data attacks, greater security and reduce risks of hacker attacks.
  2. A token can be an asset created by a company that represents something. The asset can be anything that the company desires, but usually has a value or some equity in the company. The token can usually be traded on an eschange.
  3. A token can be launched and created using the Ethereum Smart contracts in the form of ERC20 or as NFT
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#360

  1. That smaller startup or companies can compete with Huge companies like Google.You can get rewarded for your participation or attention. As a developer you can get rewarded for your protocol. Transparency in transaction,contracts or supply chain.

  2. It is smart contract that get build onto a coin or platform coin…like ETH,EOS,NEO or Tron or Tezos…this called a token. Token is depended on the success of a Coin and the token needs to incentive’s the Coin as it start applying use case BASED ON ITS ROADMAP.

  3. Create a smart contract on ETH using Solidity in the standards and conditions of ERC20. Depending on the usecase of your token you can create Fungible (each tokens value is the same) or NFT Non Fungible Token (each token can have a different value).

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