- Promotes early adoption and being decentralized; allows even competition and transparency.
- A fungible or non fungible asset created on top of the chain.
- Programming a smart contract.
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1 - Web 3.0 allows a larger network affect. It incentivises users and early adopters to join the network and allows smaller players to compete with large corporations.
2 - A token is an asset linked to the smart contract built on top of Ethereum and are basically built as small application on top of Ethereum.
3 - Tokens are created by solidity language programming of Smart Contracts with a set of predetermined rules, which run on the EVM to deploy. Different from a Dapps as Ivan considers them as more of an experience - not needed but thought iâd add 
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1: The ability to compete with giant companies such as Twitter, Facebook, etc⌠due to being able to offer early adopters economic incentives. Everyone can take advantage of Web 3.0 and shift the power from purely the giants to the people. Of course, many more things are included if weâre talking about true decentralization.
2: A token is a protocol built on top of a smart contract platform such as Ethereum. This token can be fungible or non-fungible.
3: By writing a smart contract, following an ERC20, ERC721, or ERC1155 token standard. You can then create more sophisticated software around this smart contract by maybe adding a website and other functions (Dapp).
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What are the benefits of web 3.0 (decentralized internet)?
People who use the dapp rewarded financially.
likely more egalitarian system. Less likely to have monopolies.
What is a token?
smart contract created on ethereum likely using protocol such as erc-20.
currency in its own right.
How do you create a token on Ethereum?
create a token using erc-20 protocol for fungible token or other protocol for non-fungible token.
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- What are the benefits of web 3.0 (decentralized internet)?
Web 3.0 bring the tools and systems to create new digital economies, generally providing the users with value/ownership as incentives. - What is a token?
Is a digital asset defined in a smart contract managed that is store/verified on the blockchain. - How do you create a token on Ethereum?
You can create a token by coding the desired smart contract using the accepted ERC standards and deploying it into the ethereum blockchain.
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Web 3.0 is that value goes to the application. In blockchain the protocol is where the value is captured.
Tokens are built on the Ethereum platform by standards.
Using ERC 20 is the standard to program and deploy tokens.
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- There are a lot of benefits here, since the use of new economic models based on ERC20 tokens associated with products itâs very easy to create parallel economies for games for ex or financial products. Its very difficult to manipulate blockchain data and this brings a lot of security and trust between unknown parties. Web3.0 is revolutionary because we can program algorithms than cannot be changed, they are public and auditable from anyone.
- There are 2 main types of tokens fungible(ERC20), and non fungible(ERC721 NFTs), fungible tokens are useful to create currencies, and to be used as a money representation. Non fungible tokens are unique tokens than can be used to represent assets, like a collectible or a weapon in a game.
- You can create tokens on eth using smartcontracts that implement the standards APIs for this tokens.
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- The 5 key benefits of Web 3.0 are as follows:
a) Data Ownership: Web 3.0, built on blockchain technology, will allow users to have full control over their data through encryption. Though usersâ data can be shared with another user or to the network on a case-by-case scenario.
b) Access to information: Web 3.0 will enable users to have complete access to all information from anywhere in the world. No central entity can control what information must be shared and vice versa. Thus, it is censorship-resistant.
c) Elimination of the central point of control: Web 3.0 doesnât rely on a single entity to run and control its operations, instead, network participants around the globe are responsible for running it. Thus, a single authority canât intervene, stop, or prevent any operations from taking place.
d) Permissionless: Third-party permission isnât required for a user to create an address and interact with other users as well as with the network. Anyone can contribute and join it if they have an internet connection and a smartphone. Therefore, Web 3.0 doesnât restrict a user from joining the network despite their race, gender, geography, income, and other demographical and sociological factors.
e) Uninterrupted service: Since Web 3.0 isnât controlled by a single centralized authority, disruption of services will be a bare minimum. Shutting down or erosion of a node (or many nodes) wonât affect the network with respect to its operations.
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Smart contracts can be deployed on the ETH blockchain for various purposes, and these contracts can issue their own tokens - virtual currency - in order to raise capital for their respective projects.
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In Ethererum network, tokens are created through solidity programming language with the help of ERC-20 token standard, which is a set of guidelines a that token(s) shall follow to ensure consistency, simplicity and interoperability with other 3rd party services such as wallets.
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Transparency = being able to be independent from major corporations
Fewer middlemen = removes the need of TRUST.
Privacy, Incentives as well as Data ownership -
Tokens are fungible/non fungible assets that are created by smart contracts digitally. These are built upon a blockchain network
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Create a smart contract following the standards (ERC20)
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- It allows everyone on the network able to communicate and upgrade if thereâs something people donât agree on or think is wrong and makes it easier for people to create there own cryptocurrency
2.a token is a small currency that runs off ethereum smart contract or other smart contract in the blockchain - From solidity or other smart contracts
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The benefits of web 3.0 are that applications derive, capture and transfer value without a parent company to centralize ownership.
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A token is a representation of value on a network. It is exchanged or rewarded when you contribute to the network. The earlier you join the network the more value you will gain.
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You create tokens using the programming language Solidity within a certain standard such as ERC-20 or other.
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- no central ownership
- a crypto on another network
- via programming with solidity
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The opportunity for smaller companies and individuals to compete with large corporations trough incentives rewarding the userbase.
A token is a digital asset on a decentralized smart contract platform, such as Ethereum or Binance etc.
Using the ERC-20 standard you can copy it and make small adjustments to deploy a token on the network in which you desire.
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- Decentralized internet (web3.0) breaks the monopoly of the big internet companies (e.g. FB, Google). In addition, it allows value capture on the protocol level. Small startups are able to compete with big companies, which incentivizes innovation and rewards early adopters.
- A token is the native asset of a smart contract / dapp. It can be fungible or non-fungible, depending on the desired utility. Tokens are crucial to create decentralized economies on web 3.0
- Tokens can be created through smart contract on Ethereum. Most commonly this is done according to the ERC20 token standard (fungible tokens)
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Web 3.0 provides users a trustless web space that is great for early adopters and has lots of opportunities for smaller companies and it is a uncensorable platform for content creators.
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A token is a protocol on the Ethereum block chain that is running on ERC20 code, the token includes a account address and balances, everything runs together with a smart contract.
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You can use a smart contract on Ethereum to create a token.
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What are the benefits of web 3.0 (decentralized internet)? Smaller companies could compete with big companies like google⌠Early adopters will be more profitable
What is a token? Programmable digital asset
How do you create a token on Ethereum? Use a ERC20 standard Token, create a smart contract
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- Most of the value is captured in the ethereum protocol not in the companies built on top of ethereum protocol. Small companies can compete with giants
- A token is a type of a coin which is built on top of another blockchain, for example ethereum.
- You can create it with a smart contract.
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The value of various platforms are captured by a community of users rather than by large corporations. This makes it harder to apply centralized censorship and to randomly shut down any user without warning (case in point: the âIvan on Techâ channel on YouTube has been shut down for no apparent reason at least one time that I can remember).
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It is the currency of a smart contract on any smart contract platform.
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You write a smart contract, preferably on the ERC20 standard if you want a regular, fungible token.
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Web 3.0 is a benefit.
Web 3.0 is a benefit in itself. It enables long waited features to the current Internet and will provide features we havenât discovered yet.
Web 3.0 provides upgrades on security, decentralization and capturing value in general to name a few.
Token is a smart contract written followed by a standard.
Tokens on blockchain are used for many cases. Many of the cryptocurrencies are tokens. Shortly put, tokens are units of value.
Creating a token on Ethereum is about writing a smart contract following a standard.
Creating a token on Ethereum can be done by writing a smart contract. There are few standards out there but there is only handful of them that are being used most frequently. ERC-20 is most used but there are standards like ERC-223, ERC-777, ERC-1155 and ERC-1337.
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What are the benefits of web 3.0 (decentralized internet)?
the protocolls that were neglected in value capturing finally get it -
What is a token?
it is a currency built on a smart contract which is e.g. on the ETH blockchain
- How do you create a token on Ethereum?
build a smart contract and create your own dapp and token using ERC20 which can then also get its own value
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