Homework: Web3.0 and Tokens

Ethereum 101
#3921

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

With Web 3.0 we have created a native value layer to the internet where users can truely own their assets. This layer can include forms of “outside money” which are not controlled by nation states. Value can be created and exchanged digitally in ways previously impossible.

What is a token?

Tokens reside on blockchains and represent a digital store of value, something that can be assigned a price.

How do you create a token on Ethereum?

Create a smart contract and use the ERC20 standard

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#3922

Web3.0 and Tokens-

  1. Allows small investors to profit from companies. Allows small companies to profit off the tech. Large corps don’t own all the tech.

  2. A smart contract using ERC20 standards. Programmable digital asset.

  3. Create a smart contract using ERC20.

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#3923
  1. What are the benefits of web 3.0 (decentralized internet)?
    The programmers and developers are incentivized instead of just the apps on the network, unlike in web2.0.
  2. What is a token?
    Tokens are the cryptos that have been made in top of the ethereum network. While ethereum is a coin.
  3. How do you create a token on Ethereum?
    A token Can be made by coding a smart contract on ethereum.
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#3924
  1. The benefits of web 3.0 is that it creates opportunity for new businesses and startups to compete with major corporations and reward participants directly.
  2. A token is a cryptocurrency built on top of an already existing blockchain.
  3. Writing a smart contract using one of Ethereum’s token standards (e.g. ERC-20).
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#3925

  1. Big companies will not have the same power on the internet. Social media is a great example where the content creators will be rewarded for the engagement and not paid by the companies.

  2. It’s a crypto currency built on top of a blockchain that allows it, Ethereum for example. Fungible or NFT.

  3. Create smart contracts on top of the blockchain. ERC20 standard for Fungible or ERC1155 NFTs

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#3926
  1. The benefits of Web 3.0 are there is an opportunity for protocols to gain value instead of only the applications.
  2. A token is value existing on a blockchain and they can be fungible or non-fungible.
  3. On Ethereum you can create a token via smart contracts.
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#3927

  1. There are so many. Governance by the wisdom of many, new economy within the web3 app based on work.

  2. A token is a crypto currency of an application on eth or any other L1

  3. With a smart contract

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#3928

  1. The benefits of WEB 3.0 is that people would actually have something in return instead of just using the programs. This allows smaller companies to have a chance at competing against large companies.

  2. Tokens are the assets that are created on top of coins like Ethereum.

  3. Tokens are created through programming your own smart contract on top of coins like Ethereum and developing a program that utilizes those tokens.

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#3929
  1. During web 2.0 the only real winners were the mega corporations like google, facebook, etc. With web 3.0 The users get to benefit from the monetary gain of internet use. We get to own the crypto currencies backing the dapps we want, and can be rewarded to incentivize more users.
  2. A token is a smart contract that builds another crypto currency on top of the Ethereum network.
  3. A token on Ethereum can be created using the ERC-20 interface. This is a token standard for Ethereum which allows anyone to create their own smart contract on top of the Ethereum network.
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#3930

The benefit of web 3.0 is that users can have an ownership in a network (in the form of a cryptocurrency). This has the potential to make the internet functionally and financially more inclusive.

Tokens are the cryptocurrencies that are created with smart contracts on top of the EVM or other L1s.

You program a new token by following the erc20, erc721, or erc1155 standard using smart contracts.

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#3931
  1. What are the benefits of web 3.0 (decentralized internet)?

Decentralize the internet, normal people can have ownership in a network, …

  1. What is a token?

Tokens are cryptocurrencies created on top of a Layer 1 Blockchain.

  1. How do you create a token on Ethereum?

Tokens are created by programming them using a standard build in that Layer 1 Blockchain.

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#3932

  • What are the benefits of web 3.0 (decentralized internet)?
    able to have privacy; each of participants will own their own assets and must be responsible of it; that, in theory decentralized the network. allow new players to compete to mayor social media, internet moguls or established banks to participate in a new economy, new type of decentralized government, journalism, etc.

  • What is a token?
    a token is ‘programmable’ medium of exchange in a digital asset format that can be fungible or not fungible;

  • How do you create a token on Ethereum?
    tokens are created on ethereum using programmable standards (erc20, etc) defined in Ethereum with smart contracts; those tokens should follow basic functions and parameters also mentioned as tokenonics, amount of supply, time to release tokens, inflation, burning mechanism,

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#3933
  1. No centralized authority, and users can benefit from the value generated by applications.
  2. A token is a way of utilizing a smart contract. An asset that is built on a smart contract platform.
  3. Smart contracts are used in making tokens. The “rules” of the token must be programmed using the standards of ERC20, ERC721, or ERC 1155 depending on the type of asset you are making.
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#3934

  • Web 3.0 has decentralized websites, and the value is based in the protocol. Web 2.0 failed to capture the value of the protocol for it’s creators, it went all to applications like facebook, amazon and Google. Web provides a chance to benefit financially by purchasing tokens in a Web 3.0 project sitting on ETH.

  • A token is a Smart Contract sitting on the ETH Network.

  • Built it to ERC 20 standards on the ETH blockchain network, and allow a certain number of tokens within that smart contract.

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#3935
  1. What are the benefits of Web 3.0 (decentralized internet)?
    There is no centralized concept with Web 3.0. Everyone has the capability to generate value through applications/smart contracts.

2.What is a token?
A token is a smart contract that has its own cryptocurrency

  1. How do you create a token on Ethereum?
    Smart contracts contain the rules that make up a token.
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#3936
  1. What are the benefits of web 3.0 (decentralized internet)? Protocols and users receive compensation for their interaction/participation instead of the applications receiving 100% of the financial compensation.
  2. What is a token? A token is the digital asset for a specific network.
  3. How do you create a token on Ethereum? Using ERC20 standards (for most cases other than NFTs), you program using a language like Solidity or Viper for smart contracts to run on the Ethereum network.
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#3937
  1. What are the benefits of web 3.0 (decentralized internet)?

a)

When dapp execute, it need ether token to pay gas.

So if a dapp succeed, value of eth will go up, which means the inventor of the ethereum network of the dapp gets paid too.

Unlike web 3.0, when google uses the http, the inventor of HTTP doesn’t get paid in web 2.0.

b) incentivise for early adopters. Early adoptors will receive more tokens compared to later adopters, because they have fewer competitors.

c) Smaller companies will be able to compete with big companies.

  1. What is a token?

Token is a cryptocurrency built on ethereum network or other network. .

  1. How do you create a token on Ethereum?

Token is built with ETH network by having smart contract in it.

#3938

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

  • Web3 will expand data connectivity that will help in the networking of online information.
  • Better information presentation.
  • Easy to share information.
  • Data privacy and control.
  • Transparency.
  • Open data accessibility.
  • Improved data processing.
  • Personalized and efficient web browsing.

  1. ***What is a token? Coins and tokens both represent a store of value, much like fiat currency, such as dollars, euros, yen, etc. But there’s a crucial difference: digital coins are a form of money, while digital tokens represent something that can be assigned a price .

  2. How do you create a token on Ethereum? 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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#3939
  1. What are the benefits of web 3.0 (decentralized internet)?
    Individual user owns their own data rather than a centralised firm like in web 2.0
  2. What is a token?
    2 types - utility and security token. Security represents ownership and utility represents some form of use case for the token economy e.g. governance voting.
  3. How do you create a token on Ethereum? Using a smart contract to create 1 of the three standards depending on the type of token required. ERC20 ERC721 ERC 1155
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#3940

What are the benefits of web 3.0 (decentralized internet)?
Basically, a decentralized economy, where every participant gets a part of it and not just a few players that become a monopoly like in all Web 2.0

What is a token?
A token is a coin created via a Smart contract that operates on top of a main blockchain, like Ethereum.

How do you create a token on Ethereum?
By creating a Smart Contract using the ERC20 standard.

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