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There are a lot of benefits from web 3.0. Such as, democretized access to websites, and reward for growth to user rather than to a single company.
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A token is a fungible asset, besides ether, on the Ethereum Blockchain.
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A token on the Ethereum Blockchain is created through smarts contracts programming.
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- the user have their control over their data to make a benefit.
- token is a cryptocurrency that have build base on standard smart contract on top of specific blockchain.
- using a standard smart contract of erc20
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- It can adapt the protocol used in the network
- A currency that is defined by smart contract
- by creating and deploying a smart contract which conforms to ERC20 standard
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The benefits of Web 3.0 are that the creators of websites and domains get paid rather than companies that are search engines or use the websites or domains. Web 3.0 allows for the content creators to get paid for their information.
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A token is a cryptocurrency built on top of another cryptocurrency or blockchain. It is a digital asset that can either be fungible or non-fungible.
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You can create a token on Ethereum by using the ERC-20 standard.
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What are the benefits of web 3.0 (decentralized internet)?
Benefit is that value is in the protocol, no smart contract, no dapps is more valuable than ETH. Early adopters are more rewarded. -
What is a token?
It is application or currency built on top of ETH. They are called fungible tokens - it means they are identical, all tokens are the same. NFTs are different group of tokens called non-fungible tokens - they have different id, different properties, they are used in games. -
How do you create a token on Ethereum?
Developers have to purchase Ether token to use to develop their own token on Ethereum.
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Hi everyone,
- First, as it is based on blockchain, it has the benefits discussed previously in the blockchain courses: to name a few transparency, immutability, less centralisation and dependency on bigger institutions/companies (harder to do censorship), more secure (you need to attack a multiplied number of nodes to make an attack efficient as opposed to a single point), trustless (in the sense you just need to trust the system not the people or middlemen)…Also to be more specific the protocol captures the value more than the applications using it (as opposed to Web 2.0 where applications/companies using it captures the value and not the people behind http, tcp,…). There are financial incentives for early adopters of a new system which enables small companies/institutions/groups to compete with giants. To some extent this last point can be compared (it’s just an analogy) to the draft system in NBA where the teams which are not among the best have priority to choose the best rookies. It gives the smaller teams a way to catch up with the biggest teams.
- A token is a digital asset built on top of a blockchain. For example a token represented by a smart contract on the Ethereum blockchain. In that case it uses the Ethereum blockchain but does not have its own blockchain, as opposed to Bitcoin or Ethereum (considered as coins).
- You create a smart contract on the Ethereum blockchain.
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- What are the benefits of web 3.0 (decentralized internet)?
This is the great equalizer that will allow smaller companies to compete with the tech monopolies that control so much of web 2.0. If I build a better app than Whats App Meta (Facebook) can’t control it.) - What is a token?
A cryptocurrency built on a blockchain to achieve a specific use case. It is not the same thing as a coin. - How do you create a token on Ethereum?
By following the protocols established to run on the network.
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- What are the benefits of web 3.0 (decentralized internet)?
Possibilities:
- to earn money for protocols creators
- to compete with large monopolies in the internet
- give people possibility to earn money through their engagement
- to be early adopter and earn money
- What is a token?
Token it is a some idea or real thing mirrored on the top of the protocol e.g. Ethereum. For instance token can be equal to a real 1kg of the gold.
- How do you create a token on Ethereum?
Via smart-conracts within network.
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benefits are the proliferation of a decentralised network that operates beyond the pale of monopolies. ERC20 tokens standardising token txn’s. Versatility the world of d"apps allowing huge range of novel use cases services to reach anyone. Vast financial opportunities. The hope of a new and freer future based around a more sovereign individual.
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A token is a transferable and interchangeable store of value, often currency.
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Tokens are created by programming smart contracts.
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Homework on Web 3.0, and Tokens - Questions
- What are the benefits of web 3.0 (decentralized internet)?
- Ownership of internet properties and freedom from censorship
- What is a token?
- A token is a smart contract inside the Ethereum network that has its own currency, value, and economy.
- How do you create a token on Ethereum?
- By creating a smart contract using the ERC20 token.
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- It’s not controlled by any organization so we know that our data is safe.
- Token is a coin based on top of a blockchain network.
- We need to meet the standard of ERC20 to create a token on ethereum
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- What are the benefits of web 3.0 (decentralized internet)?
There are no organizations/companies that control the decentralized intrernet. The data sis therefore safe.
Besides that, when you are an early adopter, you can earn money.
- What is a token?
A crypto that is build on a specific blockchain (eth) with a specific case. It is a smart contract build on top of blockchain (eth) with its own value.
- How do you create a token on Ethereum?
Creating a smart contract with the standards of ERC-20.
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- Small businesses can compete with giants and early adoption is lucrative.
- a token is a digital asset created on a coin based platform.
- A token is created by building applications on the Ethereum platform.
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The hole infrastructure of a network can benefit from the activity, investment, and being a early adopter, it is decentralized and not a single entity can shut it down, its democratic, and transparent, no middleman
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A Token is a smart contract, most ERC20 Tokens are behaving like a coin on top of a Blockchains native coin. So ERC20 Theter is a Token and Ethereum is the coin of the Blockchain that runns ERC20 Smart contracts.
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You make a smart contract on the ethereum blockchain. Best is to use the ERC20 Standard or another standard if you want your smart contract aka token to behave a certain way without having comunication issues with wallets and exchanges
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Homework on Web 3.0, and Tokens - Questions
- What are the benefits of web 3.0 (decentralized internet)?
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Web 3.0 is successful for both the blockchain ecosystem (miners) and the applications running on top to gain profits!! For example, investing to ETH means investing all application which run on top of ETH ecosystem. If one of the applications is successful, the value of ETH also goes up.
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Web 1.0 and Web 2.0 are failed to capture values in protocol level. Developers of http or tcp don’t get money no matter how much Google or Facebook make. Those applications are running on top of the ecosystem (http, tcp).
- What is a token?
A token is a programmable digital asset within a smart contract.
- How do you create a token on Ethereum?
You can easily program a token on Ethereum using ERC-20 which is a set of functions written in Solidity.
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What are the benefits of web 3.0 (decentralized internet)?
Web 3.0 is built on top of protocols such as ethereum where the value is based on adoption unlike web 2.0 where the HTTP protocol or the TCP were not generating value and major giants such as google,facebook etc. who were using those protocols were the ones making money. -
What is a token?
A token is a digital asset that is programmed using a main protocols such as Polygon, Ethereum,Binance Smart Chain etc. -
How do you create a token on Ethereum?
Using ERC-20 Smart Contract standard you are able to generate a Fungible token on the ethereum blockchain
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What are the benefits of web 3.0 (decentralized internet)?
It allows participants and creators to earn money in a decentralized environment instead of a few people in a centralized application. Benefits include innovation, economic growth, economic incentives, no single point of failure, fairness based on rules. Captures value at the protocol level to reward decentrally based on rules. The network effect allows small participants to compete with large companies. -
What is a token?
Digital assets built on a blockchain like ethereum’s blockchain. -
How do you create a token on Ethereum?
By developing a smart contract written in code compliant with the ERC20 standard.
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- Allow decentralization meaning that no single entity owns the code, data, etc.
- It’s a fungible or non fungible asset built on top of a blockchain
3 You can create a token following one of the existing standards (i.e.: erc-20)
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- What are the benefits of web 3.0 (decentralized internet)?
[Ans] Web3.0 facilitates anyone to create new economical models which were not possible earlier with Web1.0 or Web 2.0. Anyone can use the capabilities of underlying protocols and infra and create applications with their own market economy where both the creator, participants, mainteners and user, all of them get monetary benefit and value from it. - What is a token?
[Ans] A token is a derivative of cryptocurrency and built on top of native currency and infra. It can take form of fungible ( new Cryptocurrency) or non-fungible ( digital asset ). - How do you create a token on Ethereum?
[Ans] Ethereum provides the underlying protocol and mechanism to create a programmable business model using Smartcontracts. These can be leveraged to define new and dynamic business applications for both fungible and non-fungible digital assets. Basically, Smartcontract can help to create the business and economy model for a new cryptocurrency or Digital assets.
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What are the benefits of web 3.0 (decentralized internet)?
Capture value at protocol level and avoid monopoly by helping smaller compagnies to compete with giants (by rewarding early adopters) -
What is a token?
A token is a crypto based on a coin (basically a smart contract usually on the Ethereum network, or another network with smart contract capability) -
How do you create a token on Ethereum?
By writting a smart contract on the Ethereum blockchain
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