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What are the benefits of web 3.0 (decentralized internet)?
The benefits of web 3.0 include: a shift of value (or payment) from a central figure to the protocol. Those who adopt 3.0 website are encouraged to support the protocol/ naturally
generated culture of the website. In addition, for social media websites, there is an inherent feature that allows small, new, social media sites to possibly -
What is a token?
A token is a cryptocurrency that has been created on top of the ethereum or related blockchains. They are not native coins to a specific blockchain and hence are different. -
How do you create a token on Ethereum?
A token is created on etheruem using the ERC20 standard or related ERC 721 or ERC1155 . This requires that the new coin be 1. viable with the network, and 2. can be used within the network with some type of value.
- What are the benefits of web 3.0 (decentralized internet)?
We can retrieve the value to the users and abolish the monopolies
- What is a token?
It’s an object that represent someting,like ERC20,ERC721,ERC1155
- How do you create a token on Ethereum?
We can create a token through different standards
- It is capturing the value at the protocol level, Incentivizing everything.
- A Token is a cryptocoin built on top of a protocol via a smart contract, such as Eth.
- A smart contract, using Eth as gas.
Not always a fixed supply however, ETH and many other coins do not have a fixed supply like BTC.
not sure how they inflate exactly myself however
- The main benefit of web 3.0 is that value is captured at the protocol level and not at the application layer alone like in web 2.0. Participants who secure the network are rewarded with coin inflation and/or network usage fees. There are also token incentives at the application layer which incentivise active users, especially early adopters, who contribute to the success and growth of a decentralized application. This is a big difference to web 2.0 where normal users of an application typically don’t capture any value from using it, instead it’s mostly big centralized companies taking the biggest chunk of monetary value.
- A token is a cryptocurrency or NFT that is issued by a smart contract running on a suitable blockchain, such as Ethereum. A token can either be fungible (use case: currency/trading) or non-fungible (use case: representing a unique digital asset).
- Creating a token on Ethereum requires a wallet that is connected to the network and the Remix IDE, where a new Solidity file can be created, relevant smart contract code inserted, compiled and deployed on the Ethereum network. The smart contract code defines the properties of the token, such as name and total supply, and needs to adhere to a token standard e.g. ERC20 or ERC721.
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What are the benefits of web 3.0 (decentralized internet)?
A decentralized internet allows early adopters to earn a larger sum on tokens then if they were to join later. -
What is a token?
A smart contract built upon an existing blockchain like Ethereum and is either fungible or non-fungible -
How do you create a token on Ethereum?
You can create a fungible token by making a smart contract using ERC20 or a non-fungible token by using ERC721 or ERC1155
- Web 3.0 allows an open economy, in which early adopters are incentives by being the first ones to use a program.
- A token is another form of cryptocurrency.
- Using solidity which is a simple code that allows you to create smart contracts with a fungible token.
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profit goes to the one who posts and not to the big fish
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smart contract that is used as a “coin”
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with a smart contract
no monopolies (or less likely at least). Everyone can technically compete with each other. No discrimination to users.
A token is similar to a crypto coin, but a coin is the native currency of a crypto platform. So a token is a currency or value of a smart contract which is built on another plarform.
By applying the ERC20 standard and programming your smart contract with Solidity language.
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Decentralized internet will potential spread the financial benefits of information networks to the users and opposed to a few giant companies.
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Is a cryptocurreny that can be fungible or non-fungible based on a larger coin or ecosystem like Ethereum.
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By creating a DAP or smart contract on top of a larger ecosystem like Ethereum.
- That you can participate on the rewards on the protocol level. Obviously also that dapps and sites can be used in a decentralized way = freedom.
- A token is a representation of a asset that can be used transferring values for services.
- via the ERC 20 Standard or other standards like ERC721, and ERC1155
- What are the benefits of web 3.0 (decentralized internet)? Web 3.0 is a decentralized internet which allows digital value and ownership exchange by anyone at the protocol level.
- What is a token? A token is a SC that represents value in a blockchain network or dapp ecosystem. These can be fungible or non fungible
- How do you create a token on Ethereum? You create it using code written in solidity to a standard like ERC20, ERC751 or ERC1155
- Early adoption reward incentives.
- It is a smart contract build on Ethereum and can be fungible and nonfungible.
- By writing a smart contracts using ERC20, ERC721 or ERC1155 programming standards which are deployed on Ethereum network.
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What are the benefits of web 3.0 (decentralized internet)? Capture the value.
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What is a token? Programmable money or Smart contracts. Built on top of Eth platform.
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How do you create a token on Ethereum? Via smart contract using ERC20 standards.
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By beign the first adoptors and incentives for early adoptors.
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A token is a digital asset issued on a particular project.
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A token can be created on ethereum using a smart contract.
Homework on Web 3.0, and Tokens - Questions
1. What are the benefits of web 3.0 (decentralized internet)?
Web 3.0: read, write and own your data. It is decentralized and data driven.
2. What is a token?
Token is a cryptocurrency that does not have its own blockchain network but it builds on top of another network. Each token has its own use case and application.
3. How do you create a token on Ethereum?
You write a smart contract and deploy it on Ethereum network by paying gas.
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Benefits of web 3.0 for developers is that it gives value back at the protocol level through tokens, decentralization and blockchain technology.
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A token is a fungible or non-fungible token built on top of another native blockchain (such as Ethereum)
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A token is created through smart contracts and must conform to a particular standard in order to be considered a token or type of.
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What are the benefits of web 3.0 (decentralized internet)?
Benefits are: Those who created web 3.0 can capture the value at the protocol level, unlike web 2.0 where they cannot and only those who built services on it can, for example, Facebook. Because web 3.0 based blockchain is decentralized, individuals can control their data without an intermediary. Web 3.0 users can track their data because web 3.0 is transparent. Because several nodes store data in web 3.0, its functioning cannot be interrupted by technical problems. The technology behind web 3.0, blockchain, is secure and hacking attempts are easily detected. -
What is a token?
A token is any cryptocurrency besides Bitcoin and Ethereum but it can also be a crypto asset running on top of another cryptocurrency blockchain. -
How do you create a token on Ethereum?
You create a token on Ethereum by implementing a smart contract to meet a certain standard, for example ERC20
- protocols capturing value
- token is fungible or non fungible digital asset built on top of a coin (for example, UNI is a token on the ETH blockchain)
- By building it on top of ETH or another coin using smart contracts
- Data ownership, fewer Intermediaries, transparency, efficient searching and linking information
- A token is an asset created on Ethereum and other blockchain projects
- A token can be created on Ethereum using a smart contract
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- Monopoly of few companies will cease to exist which promotes privacy, security and innovation. Underlying protocols will be able to generate money unlike in Web 2.0.
- Token is built on smart contract platforms like Ethereum, EOS etc. It’s a programmed money of fixed supply based on smart contract.
- Tokens are created by writing smart contracts by hard coding the logic and number of tokens.
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- The benefits of Web 3.0 is that smaller players can attract new users by offering real financial rewards. This also gives the platforms realistic methods to judge the value of the content that users are adding, so can offer real benefits.
- A token is a currency based on an actual coin that implements a smart contract to handle it.
- 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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- What are the benefits of web 3.0 (decentralized internet)?Transparency: Independent from the major corporation.Fewer Middlemen: remove trust from persons. No need to pay for profits to central authority in
transaction.More value: the content, user contribute to network will have rewards. - What is a token?A token contract is a smart contract that includes account addresses and their balances. The unit of the balance is token, which represents physical objects, another monetary value or a third the holder’s reputation.
- How do you create a token on Ethereum?A token can be created as a smart contract in Ethereum.
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- The value is captured at the protocol level. And money does not go to the Middle man but more peer-to-peer.
- A token is a unit of value created on top of Ethereum by a token smart contract. Its generation, destruction and behaviour can be controlled by the smart contract
- A token can be created on Ethereum using a smart contract
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- The benefits of web 3.0 (decentralized internet) are there is opportunity for protocols to gain value instead of only the applications (Google, Facebook). You’re also able to create your own cryptocurrency, economic model on platforms such as Ethereum and EOS to name a few.
- A token is value existing on a blockchain and they can be either fungible or non fungible.
- On Ethereum you can create a token by smart contracts.
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- What are the benefits of web 3.0 (decentralized internet)?
The opportunity for smaller companies and individuals to compete with large corporations - What is a token?
A Token is an object which represents the right to perform some operation. - How do you create a token on Ethereum?
A token can be created as a smart contract in Ethereum .
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- Web 3.0 allows an open economy, in which early adopters are incentives by being the first ones to use a program.
- A token is another form of cryptocurrency.
- Using solidity which is a simple code that allows you to create smart contracts with a fungible token.
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Homework on Web 3.0, and Tokens - Questions
- What are the benefits of web 3.0 (decentralized internet)?
Web 3.0 enables to earn tokens.
- What is a token?
It is a kind of coin that can represent different value, for example as phycical objects, reputation, money etc. Their infrastructure is based on the smart contract platform like Ethereum, EOS or Cardano.
- How do you create a token on Ethereum?
You use Ethereum as infrastructure, then it is recommended to use some kind of standard like ERC-20 or ERC-777 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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- Fewer Middlemen, Privacy, Data Ownership, Economic Incentives, Unstoppable, Trustless
- a Token is a (fungible or non-fungible) digital asset created by a smart contract, built on top of a blockchain network.
- a Token can be create by writing a smart contract on the Ethereum blockchain by following the standard codes required, then executed by the EVM and validated by the blockchain nodes.
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- I think the main benefits of WEB 3.0 is the control over Data Ownership and Sharing . There is no need for the middleman and can connect providers directly with consumers. This means bigger incentives, more decentralised and better privacy.
- Tokens are a representation of a particular asset or utility, that usually resides on top of another blockchain (SOURCE: https://masterthecrypto.com/differences-between-cryptocurrency-coins-and-tokens/ )
Building your own Ethereum based ECR20 Token in less than an hour
- Step 1: Contract code. …
- Step 2: Create Ethereum wallet with MetaMask. …
- Step 3: Get Ropsten Ethers. …
- Step 4: Edit the contract code. …
- Step 5: Deploy Contract Code on Remix. …
- Step 6: Publish and Verify Contract. …
- Step 7: Add token to your wallet.
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- What are the benefits of web 3.0 (decentralized internet)?
The benefits of a decentralised internet are: innovation, lower barriers to entry, increase in competition, leading to economic growth in industries that have been dominated by large international corporations i.e Google Facebook etc - What is a token? A token is a fungible or non-fungible programmable digital asset that represents value on a blockchain protocol
- How do you create a token on Ethereum? By utilizing the protocol standards of ERC20 in creating a smart contract and associated tokens
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- Users can be compensated for their content and there will be less censorship because of blockchain immutability. It will also end the virtual monopoly of big tech.
- A token is a crypto asset built on top of a platform coin such as Ethereum.
- A token on Ethereum is created by means of a smart contract and coded in accordance with specific standards such as ERC20.
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1- Economical part to the protocool
2- A smart contract running above etherium
3- following the fundamentals of ERC20
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1.the economic incentive for early adopters of early adopter’s advantage (cheap tokens) can allow small companies and their small products to entice new users to try their product by rewarding them with tokens in exchange for their participation
2. a token is an object with specific properties built on a second layer economy on top of an already existing blockchain
3. you deploy a smart contract.
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- Protocol level has a lot of value, decentralized web.
- Token your represents your product, service.
- By programming smart contract launching an erc20 token