Homework: Web3.0 and Tokens

Ethereum 101
#361
  1. Early adopters ca nbe rewarded with tokens, giving them skin in the game, and giving smaller projects a chance to compete against the big giants.
  2. A token is a digital asset which exists on a blockchain, on top of, for example Ethereum.
  3. You do it with Solidity, or some other programming language which can be compiled into EVM Byte Code.
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#362
  1. Incentive to earlier adopters helping small businesses grow instead of just letting big company having the upperhand. Money as a layer on the internet. Increased peer to peer no middle man on the internet.
  2. A token is fungible or non fungible digital asset created on the blockchain networks.
  3. A token is created on ethereum using some simple code. Simple tokens are not secure and more work has to be put in to make sure that a tokens code is well written.
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#363

  1. web 3.0 combines a centralized and decentralized websites, it is beneficial because we can build a decentralized website that incentives to early adopters making it possible for small business to compete against the big ones on the web such as google facebook etc… . It´s also beneficial because it gives the user the possibility to interact peer to peer without the need of a middle man or a central data bank.
    Also it on a decentralized web the values is captured in the protocol where as in a centralized web the value lays on the applications build on that protocol.

    2- a Token is a digital asset or a cryptocurrency that is developed using smart contracts, they can be fungible ( all tokens are the same) or NFTs( tokens are different) and they are build on top of the blockchain 2.0, meaning they are dynamic and programmable.

    3- We create a token on ETH using the ERC20 standard, it will be read by the EVM and once verified it will go on to the blockchain.

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#364

1: The benefits of web 3.0 (decentralized internet) are that new platforms / businesses can attract investors in the developing stage by incentivicing more with the same resources.
2: A token is a digital asset, based on a blockchain (e.g. the ethereum network).
3: You create a token on Ethereum by running a piece of software as a smart contract, executed by the EVM.

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#365
  1. You are the owner of your data/content or whatever and you get directly paid for it. There are no central companies who controls your data/content and can do whatever they want to do with your properties. There is also the possibility to get paid just for surfing because advertisements are popping up (just take Brave browser as an example. I can highly recommend it). With web 3.0 in combination with cryptocurrencies it is also possible to pay for something you read directly (without banks etc.). You see an article you like, then pay for it. With a decentralized internet there are less security breaches and data leaks. Censorship is not possible anymore and you have more privacy.

2.A token represents a value (digital asset) in an ecosystem which is built on top of a blockchain network (for example Ethereum, Ontology). It is created with smart contracts. Tokens are programmable digital assets, whereas bitcoin or ether can be seen as programmable money. Tokens can have different functions (for example utility, security) and can also be fungible or non-fungible. Security token as an example could pay out a dividend and a utility token could be used for getting access for a specific product/ ecosystem.

  1. A token on Ethereum is created via a smart contract and you should use the ERC20 standard, so that every Ethereum wallet can handle your token and knows what to do with it. The standard source code can be found on Ethereum. You just have to give your token a name, a symbol, a supply, a decimal and a price.
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#366

  1. Benefits to web 3.0 include decentralization, possibility of user payment, and
    the chance of value appreciation in the tokens users are paid in. Decentralization can also bring with it privacy and security from monolithic companies like Google, Amazon, and many others who currently harvest all of our data and do not compensate anyone for its use. Payouts of tokens can also attract new members to decentralized services, giving them the possibility to grow faster.

  2. A token is a programmable digital asset with access to a database that initiates smart contracts and transfers.

  3. To create an Ethereum token you must first pick which standard you want. This is mainly determined by exactly what you plan on doing with the token. ERC20 is just one type of token, though albeit this is probably the most widely used token format at the present time. The token is initially created through the development and deployment of a smart contract.

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#367

What are the benefits of web 3.0 (decentralized internet)?
Capitalizing on underlying protocols that generate tokens (money)

What is a token?
A form of currency built on the etherereum blockchain that has a fixed supply

How do you create a token on Ethereum?
Implementing smart contracts using one of three ERC standards: ERC20, ERC721, ERC233

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#368

  1. The opportunity for smaller companies to compete against corporations like google and facebook.

  2. A digital asset created to represent value on a smart contract.

  3. A token that can be created by a smart contract on ethereum blockchain.

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#369

  1. What are the benefits of web 3.0 (decentralized internet)?
    The decentralised nature of web 3.0 will give small people to make money through incentives to compete with the tech giants of today.

  2. What is a token?
    A token is a cryptocurrency/digital asset (fungible or non-fungible) that is developed using a smart contract (ethereum.

  3. How do you create a token on Ethereum?
    You create a token by creating a smart contract following standards either ERC20, or ERC721.

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#370
  1. What are the benefits of web 3.0 (decentralized internet)?

On the web 3.0 we can find decentralized websites and centralized websites, a token economy model can be implemented in a decentralized internet through which consumers are rewarded for their contribution to the community. It is thanks to this system that we can even think about smaller businesses competing big the largest companies.

  1. What is a token?

Tokens are a representation of an asset or utility and they can fungible which would mean that every token is identical and indistinguishable and they can be non fungible aswell, each of this tokens is unique. Tokens are created with smart contracts which makes them programmable and dynamic.

  1. How do you create a token on Ethereum?

Through a Smart Contract following the ERC20 standard way to program and deploy tokens on the Ethereum platform. There are other standards like ERC721, ERC1155 ( these are used mainly in videogames) or the ERC 223 which provides additional features and safety methods but it is not compatible with ERC20.

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#371

1 - decentralized web sites, protocol level of the web is captured
2 - a coin thats built on top of a protocol layer like Etherium
3 - by using its protocol and a language such a Solidity

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#372
  1. What are the benefits of web 3.0 (decentralized internet)?
    The new internet that is more secured, user centric and data ownership
  2. What is a token?
    Smart contract platform like ETH.
  3. How do you create a token on Ethereum?
    by smart contract
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#373

  1. Inside web 2.0 only the big companies like Google and Facebook were profiting by the engagement of its users, who create value by showing what products they like and what content they like. Web 3.0 enables users to profit personally from the value they are creating, but this is only one use case.
    Because of this possibility new players (startups) can have a great chance at succeeding due to network effects and money incentives.

  2. A token is like a crypto coin but instead it is not. A token can be created on a blockchain platform like ethereum, where you write smart contracts to build a so called dapp in this process you can also create tokens which function as payments for the use cases of the dapp. You can then program these tokens in any way you want. Max Supply, decimal length, if it is inflationary or deflationary. These tokens can be used as payments inside the use cases of the smart contracts

  3. You can create a token on ethereum with a smart contract. You can simply program the tokens on top of the ethereum blockchain out of thin air and code in the max supply and inflation/deflation rate.
    For this purpose you are best suited using a token standard like ERC20.

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#374
  1. What are the benefits of web 3.0 (decentralized internet)? Being able to create decentralized websites and applications that benefit all the users instead of just the big companies.
  2. What is a token? A token is a digital asset that can be programmed.
  3. How do you create a token on Ethereum? Via smart contracts uploaded to the ethereum blockchain.
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#375
  1. There is no central figure like Google or Facebook having so much control and taking all the benefits. Early adopters are rewarded for their efforts and that could be significant if the network continues to grow and gain users.
  2. A token is a cryptocurrency,
  3. A token can be created by a smart contract or Dapp.
#376
  1. What are the benefits of web 3.0 (decentralized internet)?

A decentralized internet puts the power of decision and ownership of privacy in the hands of the individual, versus the collective, or a centralized entity like a company or government. The middleman is cut out of the process because of the trustless nature of the blockchain.

  1. What is a token?

A token is a unit of value with a smart contract and sometimes a program interface that operates on top of the Ethereum blockchain network. Depending on the type of token, it may be fungible or non-fungible.

  1. How do you create a token on Ethereum?

A token is created using a protocol like ERC-20 or ERC777 that operates on top of the Ethereum network in Solidity. The protocol is a set of rules and standards that programmers use to build the token smart contract infrastructure, and enables the token to operate on top of the Ethereum network. An Ethereum based wallet with a metamask must be created.

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#377
  1. It takes away the monopolies of the tech giants on the internet and creates a whole new playing field. It’s essential the next generation of the internet.
  2. A token is a digital asset or a smart contract created on top of the Ethereum network.
  3. You create a token using programming code that is compatible on Ethereum network.
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#378

1
The Web 3.0 Has 2 major benefits: one for the developer as it will gain from every use of the platform he creates with a specific token economy, another for the early adopters of the platform as they collect valuable tokens.

2
It’s the value unit a user of the blockchain spend or earn for some action in the service the developer created.

3
By programming a smart contract. The most used are the standards ERC20 (fungible) or the non-fungible ERC721 or ERC1155

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#379
  1. It brings value back to the protocol rather than purely to the applications. This should result in less concentration of power and value monopolised by a few gigantic entities such as facebook, google etc.
  2. A token represents utility of an application built on top of programmable blockchain ecosystems such as Ethereum.
  3. By programming it through smart contracts.
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#380
  1. web3.0 (decentralized internet) is uncensurable and unstoppable and can be used to deploy great ‘UX/UI’ DApps (web3.0 + SmartContracts) that no one can shutdown.
  2. A token is a ‘representation’ of a “unit of something”; a representation of an asset, an object or anything with or without an economic value. An ERC20 token may have own ‘economic’ game rules usually called ‘tokenomics’ .
  3. On Ethereum you can create a token deploying an ERC20 smart contract, other standards can be used but so far ERC20 is the most used one.
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