Homework: Web3.0 and Tokens

Ethereum 101
#3901
  1. Allow someone the oppurnity to earn money by investing on the building platforms of any coin or token
  2. A token is a coin created on top of the Ethereum network
  3. By using the protocols functions of ERC-20 and write your smart contract
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#3902

  1. A decentralized internet, as with so many things that are decentralized, opens the possibilities for those investors to get in early on an opportunity. The financial support, provided by early adopters, is incentivized by them being rewarded an abundance of tokens which may increase in value with the passage of time when the project is viable.

  2. A token is an asset that is digital. Although it is digital, it is not to be considered a “virtual” thing, for it represents a unit of account/value and is to be understood as nothing less than real (in the absence of fraud).

  3. A token is created in the process of creating a smart contract using the Ethereum platform. For a smart contract to work, tokens are necessary.
    Tokens are spent to implement functions to be performed; and these functions are to be performed toward the completion of an end result.
    So, these tokens should be considered part-in-parcel of a smart contract—a fully functioning contract could not exist without them.

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#3903
  1. it’s to own data and to be rewarded for your content.
  2. a token is a cryptocurrency which represent a fungible value for an application/service
  3. it is created by smart contract on top of a blockchain (ERC20 standard)
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#3904

  • What are the benefits of web 3.0 (decentralized internet)?
    There is an economic value
    Remove trust(trustless)

  • What is a token?
    A token is a digital asset created by a smart contract that is stored on a blockchain.

  • How do you create a token on Ethereum?
    Using a Smart Contract.

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#3905
  1. What are the benefits of web 3.0 (decentralized internet)?

web3.0 protocols capture value compare to web2.0, where only applications could capture the value. Add to this more transparency and trustless.

  1. What is a token?

Token is a currency that any SmartContract can have on Ethereum.

  1. How do you create a token on Ethereum?

It’s a default function to create a token when you create SmartContract. How exactly it wasn’t discussd in this course yet.

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#3906

  1. What are the benefits of web 3.0 (decentralized internet)?
    Individual are monetized/incentivized for their content/creativity. The basis of the web is not monopolized by centralized corporate giants and can establish an economy of it’s own.

  2. What is a token?
    An end-result of a smart contract, either as payment/digital asset, built on the basis of the Ethereum blockchain.

  3. How do you create a token on Ethereum?
    Build/execute a smart contract establishing terms, addresses, balances and such, using the ERC20 standards.

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#3907

  • What are the benefits of web 3.0 (decentralized internet)?
    Gives everyone an opportunity to invest early in projects to help them grow. In addition, it gives power back to the people by taking away the middle man who collects fees and can censor/take away the ability to transact if they don’t like what you support.

  • What is a token?
    A token is a digital asset that is built on another cryptocurrencies blockchain

  • How do you create a token on Ethereum?
    Tokens are created by writing smart contracts using token standards within that particular blockchain. For example, on Ethereum, you could create a token using the ERC-20 token standard

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#3908

  1. A decentralized internet rewards the creators of protocols and not people that leech off of them. It also incentivizes early adopters on websites monetarily. Currently, competing with a giant like facebook is impossible, but with a token based reward for early adoption it drives an organic network effect.

  2. A token is a cryptocurrency built with a smart contract deployed on top of EVM.

  3. By using the ERC-20 token standard solidity code on the EVM.

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#3909

  1. What are the benefits of web 3.0 (decentralized internet)?
    => Decentralized users will be empowered and might even make some money together with the platforms. Protocol creators are being rewarded. There is a whole token based economy emerging.

  2. What is a token?
    => A token is a smart contract. It has a total supply, a value (estabilished by the market) and can be transferred among accounts.

  3. How do you create a token on Ethereum?
    => You create a smart contract, preferably following the ERC20 standards.

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#3910

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

Levelling the playing field for all that engage in the internet.

With no permissions to be asked to deploy any smart contract, anyone that wishes to do so of their own accord can create something other people will value on Web 3.0.

2. What is a token?

A token is any cryptocurrency build on top of another blockchain or a common token standard such as ERC-20.

3. How do you create a token on Ethereum?

A token can be deployed to the Ethereum main net via a smart contract, that implements a common token standard such as ERC-20, ERC-721 or ERC-1155.

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#3911
  1. What are the benefits of web 3.0 (decentralized internet)?

Each platform or website will create its own economy. The earlier adopters will benefit financially as the network grows unlike centralized platforms such as Facebook.

  1. What is a token? Cryptocurrencies that do not have their own network and are built on top of another blockchain.
  2. How do you create a token on Ethereum?

By creating a smartcontract within Ethereum?

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#3912

Hi, these are my answers:

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

  • Opportunities for startups and small companies to compete with giant tech companies, solve the monopoly problems
  • Opportunies for many people making money by investing

2. What is a token?
Token is the representation of currencies, game assets or web3 project governance, etc.

3. How do you create a token on Ethereum?
Token can be created by a smart contract. The smart contract not only creates a token, it also handles token transactions, keeps track of account balances.

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#3913

Homework web3.0 and tokens

What are the benefits of web 3.0 (decentralized internet)?
There is a lot of benefits but the foremost important way is it can never be taken down.

What is a token?
A token is a piece of code or smart contract that can run on a coins network.

How do you create a token on Ethereum?
A token can be created on ethereum by writing a simple smart contract.

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#3914

  1. What are the benefits of web 3.0 (decentralized internet)?
    The benefits of a decentralized internet would allow for many more smaller companies to be involved in the space, as opposed to having a central monopoly that crushes growth and innovation. A lot of smaller companies will depend on early adopters to help grow their companies and products, and will greatly reward all individuals that participate. Your actions will help make or break a company.

  2. What is a token?
    A token is a smart contract built on top of the Ethereum network, a smart contract can represent it’s own cryptocurrency either Fungible or non-Fungible.

  3. How do you create a token on Ethereum?
    You can create a token on Ethereum by deploying smart contacts. ERC20 is the code that would be used to create fungible tokens, ERC721, ERC1155 can be used to create non-fungible tokens that are unique and usually used in the gaming space.

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#3915

1/A decentralized internet would give the opportunity for smaller companies to compete with large corporations like Facebook and Google. Early adopters are incentivized to use a new platform as they will be rewarded with a higher number of tokens than later in a platform’s life cycle when adoption has increased and the value of those tokens have as well.
2/A token is a cryptocurrency/digital asset (fungible or non-fungible) that is developed using a smart contract.
3/ A token can be created by implementing a smart contract using one of the token standards like ERC20, ERC721 and ERC233

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#3916

  1. The Web 3.0 will revolutionize the backend structure of the internet and will therefore shift the economical, political and social power from the huge multi-sided platforms - monetizing users data without their consent - towards community-driven blockchain based ecosystems with a decentralized. backend. P2P networks utilizing crypto-economics / tokenomics will allow the exchange of value and more importantly will enhance the value creation through financial incentive systems.

  2. Tokens are blockchain-based digital assets - created by a smart contract. They can be used as representation for digital or physical goods, they can represent the ownership of an asset or an access to a service. Tokens are fungible or non-fungible (ERC20 / ERC721 ERC 1155)

  3. See answer 2. Created by smart contracts using a Turing-complete programming language like Solidity following different token-standards such as ERC20 or ERC721.

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#3917

1. What are the benefits of web 3.0 (decentralized internet)?
Because it is a decentralised internet so there is not only one centre to control the whole network. It is a financial incentive which make it more close to the costumer.

2. What is a token?
It is a digital asset which is built on top of another blockchain. So it doesn’t have its own blockchain.

3.How do you create a token on Ethereum?
By using ERC20 standards for the fungible token and ERC721, ERC1155 for non-fungible token, NFTs

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#3918

  1. WEB 3.0 allows the value capture for the protocol upon which it is created. It is not owned by one big company, and the value or drawbacks of your interaction with the network goes directly to you. also it incentivises people to be early adopters of the network which is a value on its own.

  2. Token is a cryptocurrency used in a dapp that is build on a blockchain to incentives and have use-cases so that people would use the network, dapp etc.

  3. You create an ERC20 Token according to coding standards

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#3919

  1. web 3.0 allows for value to be captured at the protocol level. You can create and transfer value peer to peer in a decentralized way.

  2. a token is essentially a smart contract build on Ethereum.

  3. You create a token on Ethereum by creating and deploying your own smart contract using the ERC20 standard.

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#3920

  1. less middleman, more value at protocol level, money made at individual level rather than straight to big companies

  2. asset created on top of ethereum blockchain that can either be an erc20 which is considered fungible or it can be erc1155 or erc721 which are both considered nonfungible.

  3. by using the erc20 standard

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