Homework: Web3.0 and Tokens

Ethereum 101
#3860

Economically, web 3.0 put more ownership into the user’s hands instead of the entity bringing users to its network. As a result, new financial incentives are established for individuals to participate. Also, with it being decentralized, it brings more privacy and “trustlessness” to the user as well, giving them more assurance that the funds received and given will not be manipulated, given the parameters of the smart contracts set.

A token is a smart contract built on the Ethereum blockchain that can perform any command that it is programmed to do. For example, an NFT, non-fungible token, can be programmed to give access to a video game for people who own the token to play.

You can use either Solidity or Viper to create a token on Ethereum.

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#3861

Web3.0 incentive for early adopters helping small businesses grow. The internet of money, increased peer to peer no middle man

A token is built on smart contract platforms. Its a programmed money of a fixed supply based on a smart contracts

Tokens are created by writing smart contracts by hard coding the logic & number of tokens

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#3862
  1. Web 3.0 revolutionizes Web 2.0 by giving the ownership of data to their user, it means you can now be incentivized by the content you create on the web instead of your data exploited by other third parties (Google, Facebook, etc.)
  2. A token is basically a digital currency created to incentivize a community for using a Dapp or a network. The main difference between a coin and a token is that a coin has its own blockchain (ex: Eth, Sol, Ada, etc.) whereas a token is simply created on an existing blockchain.
  3. By using the ERC-20 standard for fungible tokens and ERC-721/ ERC-1155 for NFTs.
1 Like
#3864

  1. personal contribution and early adoption will be incentivised by tokens

  2. digital currency built on smart contracts under certain standard

  3. follow the ERC20 to create fungible tokens, and the ERC721/ERC1155 for non-fungible-token

1 Like
#3865

  • What are the benefits of web 3.0 (decentralized internet)?
    inventives to earlier adopters to help businesses grow. It can even contribute to some non-profit organization.
    peer to peer transaction of money through the internet. providing goods and services and accepting payment via tokens.

  • What is a token?
    a token is a digital asset that has value. it can be a fungible or non fungible digital asset created on the blockchain.

  • How do you create a token on Ethereum?
    We can create a token on ethereum by using smart contracts specifically the ERC20 token or ERC721 token standard for NFT

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#3866
  1. More opportunities are available, incentives to get in early, Chances for smaller companies.
  2. A digital asset, can be fungible or non fungible (NFTS).
  3. Creating a smart contract on ethereum
1 Like
#3867

Homework on Web 3.0, and Tokens - Questions

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

The benefit of Web 3.0 is the incentive model that allows small players to compete directly with tech giants in the same space, allowing early adopters of the space to benefit thereby attracting others to join.

  1. What is a token?

A Token is a cryptocurrency built on top of Ethereum.

  1. How do you create a token on Ethereum?

A Token can be created on the Ethereum network by creating a smart contract using one of the standards like ERC20, ERC721 or ERC1155.

#3868

1 Value is in the protocol. NO middle man peer to peer.
2 A token is a unit of value created via smart contract on Ethereum or some other coins.
3 Creating a smart contract.

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#3869
  1. What are the benefits of web 3.0 (decentralized internet)?
  • One of the benefits of web 3.0 is that value is realized on the protocol itself, unlike web 2.0 where all value just goes to the app or company who is behind the app and zero for the users.
  1. What is a token?
  • a token is a smart contract created on top of ethereum in this example and if it so can also be called a a dapp for the different kind of functions that it was intended for.
  1. How do you create a token on Ethereum?
  • To create a token on Ethereum you can use the standard Erc20 language.
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#3870

Hey guys! Im really sorry to have to post this here, but I am having some serious trouble with Moralis. They’ve deleted all my courses both finished and incomplete. They’ve also deleted all my certifications. I’ve tried getting help but the stupid bot doesn’t understand questions. Has anyone else had this happen?

I just want to keep working on my courses. I’ve also already paid, so im not on the free trial.

1 Like
#3871
  1. The benefit of Web 3.0 is that everyone has the power to impact the business or community with their engagement thus maybe gaining financial value in the long run.
  2. Token is an asset built with a smart contract on Ethereum protocol.
  3. To create a token you need to use an ERC0 standard to write a smart contract and deploy it on the Ethereum network.
1 Like
#3872

  1. What are the benefits of web 3.0 (decentralized internet)?
    There is less of a monopoly, not just a few big tech giants controlling everything. The protocol itself, the technology has a financial incentive, not just a company built on top of it which is not the case with web 2. 0 where there is no money in http.

  2. What is a token?
    Its a crypto currency/asset which can be fungible or non-fungible built on top of a block chain such as eth.

  3. How do you create a token on Ethereum? You create a smart contract using the ERC-20 protocol/standard.

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#3873

1.) The benefits of Web 3.0 is that value can be captured through network protocols with things like smart contracts and DAPPS, and early adopters can gain more rewards for developing ideas that others can use in the future. Also, investors are able to gain exposure to not only a token itself, but everything that is being built on top of it.
2.) A token is a piece of value built on top of a programming-friendly network like Ethereum, EOS, NEO, etc. that provides real-world utility in the form of a smart contract and/or decentralized app. These tokens must follow the ERC-20 token standard to be programmed and deployed on the Ethereum network.
3.) One creates a token on Ethereum by using the solidity programming language on the Ethereum network and following the ERC-20 token standard to create a piece of code in the form of a smart contract. The coding and instructions of this smart contract and the format in which they are executed will make up the properties of this fungible token.

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#3874

1.Anyone could create their own economy with their own token
for different purposes
2.A token is a programmable digital asset
3.you can use erc20 standard

1 Like
#3875
  1. Decentralized internet will incentivize the first adopters and this could be possibly how small businesses can compete with the giants.
  2. Token is a currency (non-fungible/fungible) created by implementing smart contract.
  3. Tokens are created on top of Ethereum by using smart contract (ERC20 Standard / ERC721/ERC1155)
2 Likes
#3876
  1. Not monopolised by a few giant companies, lower barrier to entry and increased competition for new players.
  2. A token is a crypto currency built on an existing blockchain
  3. You must create a smart contract and make sure it complies with the relevant standard (eg ERC-20)
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#3877
  1. levels the playing field between tech giants and the average person, increases network security and incentivizes the economy.
  2. a token would be any nft on top of another layer i.e Eth
  3. with ERC 20.
1 Like
#3878

  1. What are the benefits of web 3.0 (decentralized internet)? With web 3.0 the protocol will be able to capture the value brought by users, unlike web 2.0 which saw all of the profits go to the hands of the companies and corporations using the technology.

  2. What is a token? A token is a currency which has it’s standards built upon that of a particular blockchain

  3. How do you create a token on Ethereum? ERC-20 standards decide how we program tokens in solidity, it’s a standard way to deploy tokens on the eth blockchain.

1 Like
#3879

Homework on Web 3.0, and Tokens - Questions

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

The benefits of Web 3.0 are the increase in competition between large corporations and smaller companies. Early adopters of a certain technology or use case, have an incentive to use a new platform and their token, since they will most likely be rewarded with a higher number of tokens at the start. If that dapp´s use case or technology increases in adoption, so will the value of its token, rewarding the early adopter.
The current monopolisation of web 2.0 only incentivises lack of privacy, security, creativity and innovation.

  1. What is a token?

A token is a cryptocurrency/asset (fungible or non fungible) that is developed/created using a smart contract protocol such as Ethereum, Solana, Luna, Eos or Cardano.

  1. How do you create a token on Ethereum?
    A token on ethereum is created through the use of their smart contract technology.
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#3880

  1. What are the benefits of web 3.0 (decentralized internet)?
    Incentive to earlier adopters helping small businesses grow. Increased peer to peer no middle man, additionally, content will not be as easy to censor because it’s on the blockchain, so large entities cannot remove your content.

  2. What is a token?
    A token is fungible or non fungible digital asset created on Ethereum or other blockchain networks (EOS, Tron, etc).

  3. How do you create a token on Ethereum?
    Using solidity which is a simple code that allows you to create smart contracts with a fungible token. It is recommended to use some kind of standard like ERC-20 to be able to connect with common wallets and finally your token will be using gas which then will be converted into the ethereum to execute functions within the smart contract.

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