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No body will have a monopoly on the internet. People who produce the protocol will also be rewarded not just those who produce the Apps.
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A token is a currency that is built upon an exisitng Blockchain.
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You can create a token on Ethereum by adhering to the ERC20 Standard.
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[quote=“filip, post:1, topic:8447”]
Homework Web 3.0 and Tokens
1. What are the benefits of web 3.0 (decentralized internet)?
The web 3.0 is also called decentralised internet; it is the vision of the next generation internet as a peer to peer network built around blockchain technology, where users own their own data, data is portable, computing and storage resources are provided by end-users within distributed networks.
Decentralised platforms like Ethereum enable systems to exchange value in a trust-less environment. They execute the instructions of smart contracts exactly as they are programmed and securely transfer the ownership of digital tokens/assets.
2. What is a token?
Cryptographic Tokens represent programmable Assets or access rights, managed by a smart contract and an underlying distributed ledger. A token can take on many forms; Token contracts are essentially rights management tools that can represent any existing digital or physical asset, or access right to assets someone else owns.
An asset is anything whose value can be converted to some economic unit, such as cash, bonds, securities, stocks and even cars and land/houses.
The provenance of that asset can be easily tracked on a blockchain by assigning a “token” to it.
We already have centralised registries and systems that allow you to store information about these assets, but the blockchain allows you to do so much more. You can prove the ownership history of the asset, divide assets into smaller fractions of ownership, enhance security through encryption and embed additional management and business logic through smart contracts, thereby enabling greater liquidity for that asset globally.
So basically a token is just a contract that keeps track of who owns how much of that token, and some functions so those users can transfer their tokens to other addresses.
3. How do you create a token on Ethereum?
ERC20 is a protocol standard that defines certain rules and standards for issuing tokens on Ethereum’s network.
ERC-20 is a technical standard used for smart contracts on the Ethereum blockchain for implementing tokens. The majority of tokens issued on the Ethereum blockchain are ERC20 compliant, however ERC721, ERC1155 amongst other standards on the Ethereum platform.
To keep it simple, ERC-20 is a guide of rules and regulations that will help create a blueprint for Ethereum-based smart contracts to create their tokens.
Therefore a token on Ethereum network is basically just a smart contract that follows some common rules — namely it implements a standard set of functions that all other token contracts share.
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What are the benefits of web 3.0 (decentralized internet)?Websites an have their own economic model and cryptocurrencies. Start ups are able to compete with giants through incentivising early adopters
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What is a token?
A token is a unit of value that can be fungible or non fungible -
How do you create a token on Ethereum?
By building on top of the Ethereum network through a smart contract
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Amazing answers sir! keep the good job! 
Carlos Z.
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#1 - What are the benefits of web 3.0 (decentralized internet)?
Elimination of middleman
#2 - What is a token?
A token is the currency of a smart contract build on top of ethereum
#3 - How do you create a token on Ethereum?
You have to create a smart contract by one of the ERC standards
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- The benefits of web 3.0 is that on the protocol level most of the value is captured. We can build SCs and dapps on top of the Ethereum network. As early adopter of new tokens like VI (vidcamera.com), a memory media, a new social media, we can benefit.
- A token is an ERC20 smart contract defined by the contract’s address & the total supply. A project having a token related to it can transfer value to it’s users, like in a social media app when they post and like content.
- You create a token on Ethereum in a way that you define the smart contract, the total supply, the contract address & you define what use case a token has - utility tokens.
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Will allow smaller players to compete with the giants for instance Minds.com vs. Facebook
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A programmable digital asset
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By Smart Contract
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Thank you Carlos, appreciate your feedback. 
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What are the benefits of web 3.0 (decentralized internet)?
It is the protocol that is very valuable and not just the applications built on top of it. There are incentives to early adopters. -
What is a token?
You have fungible and non fungible tokens. While Ethereum is a coin the blockchains that are built on top of it using either ERC20 (fungible) or ERC721 (non fungible) are considered tokens. -
How do you create a token on Ethereum?
A token can be created by creating a smart contract using one of the ERC standards such as ERC20 for fungible tokens and ERC721 for non fungible tokens.
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Benefits of Web 3.0 mainly involve the idea that we don’t need the giants of Web 2.0, like Facebook and Google, as much as these corporations need us. Large cap tech companies make money off their users every day, but with the introduction of token economics we have a chance to turn everything around and let the little guys win too. Users are incentivized to join distributed networks, so they will participate and get the rewards. Once users start enjoying their freedom from the giant networks new networks will replace them, eventually. Value is captured at the protocol level with Web 3.0 on the decentralized base layer of ethereum. Value for Web 2.0 was captured at the application layer so the FANG stocks came into being. Now, we have the ability to make our own economies through decentralized systems.
A token is a smart contract built on top of ethereum network. Ether is required to use the protocol. Tokens can be fungible like DAI or they can be non-fungible like cryptokitties.
Creating a token on ethereum requires building a smart contract in Solidity that indicates the name, symbol, total supply, decimals according to the ERC-20 standard. It requires a little ETH that often is used via MetaMask browser wallet in order to publish the smart contract to the protocol.
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It allows the base protocols to capture value.
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erc20 cryptocurrency or another none fungible value unit that is programmed as a smart contract on the ethereum blockchain.
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Token that is a smart contract on the ethereum blockchain.
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- No central authority, so it can’t be shutdown. No censorship.
- Token is a coin of the smart contract
- You can create a smart contract and issue some number of tokens, then deploy this smart contract on Ethereum network.
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1.Web 3.0 allows for cryptography. It allows the small business to compete with larger companies as they can build value into a dAPPs encouraging early adoption from clientele, be more financially efficient and eventually increased value in its token.
2.A token is programmable money built on a blockchain.
3. A token on Ethereum is created when building a smart contract. Depending on the use case you choose the appropriate token. (A fungible token ERC20), can be used for smart contracts & dAPPs or a (Non fungible token ERC721 orERC1155) would be used in gaming.
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Lowering barrier of entry for new buissnesses, incentive to use new products throu token earnings, ability for protocols to earn value instead of applications
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Token cryptocurrecy implemented on a coin and cofigured by a smart contract
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Token is created using a smart contract
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Many dapps tries to build their own economies. With web 3.0 many people are experimenting with niche economic models (example: Steemit social networking built on blockchain; You earn token (called Steemit) when you engage in this platform by posting, liking etc. Why are you rewarded? Your likes are valuable to the network because you tell the network which content is good. Your post are valuable because you are contenting which will bring people to the network. These concepts will give competition to giants such as Facebook, google etc. since when you use those sites you are generating them money. But in these sites the users will get the money.
Now suppose one of the dapps (including the smart contract in it) achieves mass adoption and gains a lot of value, then probably the value of Ethereum should also go up. Hence, because of this people are excited about Ethereum because when you are investing in Ethereum you are also investing in everything that’s built on top of it. (That is all the dapps built on top of it).
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The native cryptocurrency of Ethereum is called Ether.
We can create smart contract in Ethereum. This smart contract can represent its own crypto currency. These are called Tokens.
This is the difference between Coins and Tokens. Hence Ether, the native cryptocurrency of Ethereum is a coin, whereas all Cryptocurrency on top of it is called tokens.
- Tokens in Ethereum are created through dapps which also contains smart contracts.
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1. What are the benefits of web 3.0 (decentralized internet)?
Some benefits of web3.0 include cutting out the middlemen like ISPs, and distributing rewards specifically to those who create content.
2. What is a token?
There are two types of tokens: fungible tokens which are those who are identical to each other in value, and NFTs Non fungible tokens which are different from each other in value like in gaming.
3. How do you create a token on Ethereum?
Using the ERC20 standard and implementing a smart contract, anyone can create a token.
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These are pretty good
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- What are the benefits of web 3.0 (decentralized internet)?
Gives individuals more ability to create and transfer value between themselves rather than big companies taking the value all for themselves. Also it restores or at least increases the power of the individual to control their own content rather than be subject to the rules and regulations of a central authority.
- What is a token?
Code written in a smart contract format on a blockchain. This code allows for the transfer of value between individuals or groups of individuals.
- How do you create a token on Ethereum?
Currently by using either the Solidity or Viper programming languages and including ERC-20, ERC - 721 or ERC 1155 standard functions.
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- The end user can be rewarded financially by participating, smaller companies can take market share of larger tech companies.
- A token is a digital asset built on the ethereum blockchain.
- You create a token using the ERC20 standard.
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- What are the benefits of web 3.0 (decentralized internet)?
It is a fairer market, allowing smaller players to achieve critical mass in way that would have previously been impossible. This is because, like Bitcoin, web 3.0 has tapped into a universal motivation for humans, the desire to make money. This means that early adopters of the platform are incentivized to promote it, in order to be rewarded through the appreciating value of their accrued tokens in the future.
- What is a token?
A token is a medium of exchange that is built via a smart contract on top of a coin(i.e. Ethereum, EOS). This is an important distinction.
- How do you create a token on Ethereum?
Via solidity, one would compile a smart contract that would produce a token on the network.
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