Homework: Web3.0 and Tokens

Ethereum 101
#3820

  1. What are the benefits of web 3.0 (decentralized internet)?
    A more democratic governance, fairer value of the network distribution than on Web 1.0 and Web 2.0, preservation of the truth, increased security for the integrity and survival of the network, participation of users attraction through the reward of tokens which grow in value the more the network grows with user engagement…

  2. What is a token?
    A programmable digital asset deployed on an specific smart contract of a certain Web 3.0 network used for operational purposes on such smart contract but which can also be used in the network interacting with other smart contracts and tokens as long as they are compatible with them (programmed on the same standard on the same network).

  3. How do you create a token on Ethereum?
    Creating a smart contract and minting such using Ether.

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#3821
  1. Web 3.0 creates opportunities for small organizations/platforms to compete with larger platforms. It also allows people to capture value from the standards and technologies that they create (rather than leaving all the value to applications developed with said technologies)
  2. A token is an application/smart contract built on top of a protocol (like Ethereum).
  3. A token can be created using a smart contract.
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#3822

  • The possibility of breaking the monopoly of the giants and grants that early adopters of any new technology, of everything that seems to be interesting be accordingly rewarded

  • It’s a program built on top of any blockchain 2.0 plataform - that allows SC technology -

  • Using Solidity (or any language accepted) to program whatever you want - respecting the protocol standards - and then releasing it on the network

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#3823

1.The benefit of Web 3.0 is that you you will be able to to incentive early adopters helping new businesses’ grow. taking out the peer to peer with no middle man on the internet.
2. A token is a fungible or non fungible digital currency that is created on top of either Ethereum or other blockchain networking systems.
3. You create a token by using a smart contract on top of the Blockchain system like Ethereum or Blockchain. Simple tokens are not secure and more work has to be applied to make sure token code is written well.

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#3824

  1. What are the benefits of web 3.0 (decentralized internet)?
    You have control over your privacy and would give smaller companies on the internet a chance to compete with industry giants

  2. What is a token?
    It is a applications that is built on top of a native Coin or protocol and is fungible or non fungible

  3. How do you create a token on Ethereum?
    By following the ERC-20, ERC-721 and ERC-1155 Standards and by creating a smart contract

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#3825
  1. everyone and even the protocols themselves are able to capture value, not just the owner of the network, being decentralized there is no owner.
  2. a token is a piece of the network that retains more value the more it is adopted
  3. you can upload some code and create your own token with your rules
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#3826
  1. Money will cease to flow solely to the big tech companies running the applications on the internet. Users, early adopters etc can be rewarded through cryptocurrencies. Data & privacy can als be put more in the hands of the user again.
  2. A digital asset (contract) on a blockchain network.
  3. On Ethereum many tokens can be created by the implementation of the ERC20 standard
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#3827
  1. What are the benefits of web 3.0 (decentralized internet)?

Values can be mapped on the blockchain, i.e. on the decentralised internet. This makes it possible to compete with Web 2.0, where mainly internet giants like Google, Facebook and Amazon dominate.

  1. What is a token?

A token is a fungible or non-fungible digital asset that runs within a smart contract on the blockchain.

  1. How do you create a token on Ethereum?

A token must be created in a smart-contact which is currently written using the Solidtity programming language.

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#3828

  1. It gives small and beginning enterprises a chance to compete with big players and ensures that everybody who plays a role in a network gets compensated fairly.

  2. A token is a fungible or non-fungible asset which is build on top of a network/blockchain like Ethereum in order to take advantage of it.

  3. Create a token by coding a smart contract using the accepted ERC standards and deploy it into the ethereum blockchain.

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#3829
  1. What are the benefits of web 3.0 (decentralized internet)?

  • many promising aspects!

    • new ccy’s

    • token, and other options to incentivize users, early adopters, etc

    • pay and get paid to play

    • cannot be censored

    • removes barriers, gives new plkayers to compete with the huge players (google, FB,etc)

  1. What is a token?
  • basically a cryptocoin that exists upon another platform, such as Ethereum
  1. How do you create a token on Ethereum?
  • using one of their standards ERC20… and smart contracts
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#3830
  1. Benefits of web 3.0: decentralization, opportunity for small businesses or individuals/entrepeneurs to compete with large corporations
  2. A token is a digital asset that is built on top of the ethereum network.
  3. A token is created on Ethereum through smart contracts that use the ERC20 standard code.
#3831

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

Opportunity to craft services that reward early adapters. Transparency. “Leveling of the playing field.”

What is a token?

Code deployed on top of the Ethereum network

How do you create a token on Ethereum?

Deploy a smart contract that defines all the params of the token.

1 Like
#3832

  1. What are the benefits of web 3.0 (decentralized internet)?
    Everyone is incentivized to contribute to the network in the form of tokens. The protocol also gets the credits for it, instead of web 2.0 (just large corporations that get the benefit).

  2. What is a token?
    Is a digital asset created on the Ethereum blockchain that can act as the “money” or “rewards” – it has a utility value and is tradable.

  3. How do you create a token on Ethereum?
    Through Smart Contract written on Ethereum network.

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#3833

  1. it is secure and transparent and when you contribute you will be incentivised by the network

  2. It is a digital asset done by smart contracts and is programable

  3. By deploying the smart contracts in ERC20 standard

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#3834

  1. What are the benefits of web 3.0 (decentralized internet)?
    You can transfer Value to reward the early adopter, transparency…there are a lot of promises values,

  2. What is a token?
    It is a fungible or no fungible digital asset created through code on some blockchains

  3. How do you create a token on Ethereum?
    It is actually a program, and not a complicated one, you will look for an standard due the benefits of it to get adopted and go to the market

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#3835
  1. No central authority that gets to decide who can and cannot participate within the internet.
  2. A token is a monetary vehicle that is required to participate in a smart contract, but is also used to incentivize engagement.
  3. The token must be created within a smart contract on the Ethereum network.
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#3836

WEB 3.0 AND THE TOKEN ECONOMY

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

It is easier to get value or wealth from decentralized applications. Users can be directly paid with crypto for participating in and contributing to the network (for example by adding and liking content). Also they give more power to users, for example they are more difficult to censor.

What is a token?

A token is a type of crypto which is made by using a smart contract on top of a particular blockchain. It is an additional cryptocurrency, and is not the most basic type of crypto on the network. For example Ether is not a token (with this meaning of the word), but Sand is a token.

How do you create a token on Ethereum?

You create a token on Ethereum by making a smart contract, usually the one called ERC20, which is a standard type of smart contract for tokens. Tokens made with ERC20 can easily be used in wallets and on exchanges, because ERC20 provides a widely used standard for tokens on the Ethereum network.

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#3837

  1. Free flow of information alongside with flow of value. Value as an incentive to usage of protocols/programs and intertwined with the whole package.

  2. A way to represent the numerical value of erc20 contracts, or a programmable asset.

  3. Thorught ERC20 standard programming using the Solidity language.

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#3838
  1. benefits are no single source of control,censorship resistant, trustless,transparency.
    2.Token is represtention of asset which is coded.
    3.ERC20 is used create token in ethereum.
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#3839

  1. What are the benefits of web 3.0 (decentralized internet)?
    It allows for small artists and developers, teams, companies, to grow and give back to their loyal supporters.
    Ownership
    Permissionless
    Transparency
    No middle person / centralized company

  2. What is a token?
    It is an asset created on an already existing blockchain.

  3. How do you create a token on Ethereum?
    By using one of the token standards like ERC20, ERC721 and ERC11555 and writing code using Solidity.