Homework: Web3.0 and Tokens

Ethereum 101
#501
  1. What are the benefits of web 3.0 (decentralized internet)?
    The benefits of web 3.0 bring fairness and value to the internet. Small and large companies can compete on a far more level playing field, new adopters are incentivised to adopt new platforms.
  2. What is a token?
    A token is a digital asset the represents an accounting unit of a digital asset that that is developed using smart contracts
  3. How do you create a token on Ethereum?
    To create a token on Ethereum you have to write a smart contract, which for ease of compatibility adheres to the ERC20, ERC721, or ERC1155 standards
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#502
  1. money is now part of the internet, incentives become possible.
  2. a token is basically a smart contract on the erc20 protocol.
  3. a token is programmed via a smart contract using erc20 protocol on top of eth.
1 Like
#503
  1. What are the benefits of web 3.0 (decentralized internet)?
    Prevents monopolies by giving smaller companies / developers the chance to compete by incentivising use of their sites etc with token rewards
  2. What is a token?
    A token is a digital asset developed using a smart contract
  3. How do you create a token on Ethereum?
    By using a smart contract
2 Likes
#504
  1. Economic incentive
  2. Its a crypto currency created on top of the Ethereum blockchain by means of a smart contract
  3. Execute a smart contract
1 Like
#505
  1. It will make early adoption possible by incentivising users by monetising their behaviour. This will help to finish the big tech monopoly.
  2. Token is a cryptocurrency build on Etheurum or other blockchain platform.
  3. You use smart contracts to create a new tokens on Etheurum platform.
1 Like
#506
  1. In web 2.0 all the value went to the applications instead of the protocol. In web 3.0 the majority of the value is in the protocol itself. People are also financially insentivised to become early adopters, offers start-ups nd small businesses a chance to compete with giant corporations, aswell as removing middlemen.
  2. Digital assets built on top of ethereums blockchain.
  3. Tokens are created writing smart contracts programmed with ERC20, ERC721 or ERC1155 standards.
1 Like
#507

  1. Web 3.0 provides the opportunity for individuals to capture value through development of DAPPS without the need for 3rd party intermediaries. Transparency of data with Web 3.0 provides freedom to truth which will help provide all users a level playing field.

  2. A token is a currency that is native to a DAPP that is created by a Smart Contract.

  3. One uses a Smart Contract to create an ERC20 token on Ethereum.

1 Like
#508

  1. Currently, only people making money from the internet are the big alphabet companies, Facebook, Google etc. Web 3.0 can change that with projects like Steemit.

  2. A token is like a coin but created on the ethereum network using smart contracts.

  3. You can create a token on ethereum using a smart contract and the ERC20 standard.

1 Like
#509
  1. Web 3.0 will reward early adopters and enable small companies to compete with tech giants.
  2. A token is a cryptocurrency built on top of another cryptocurrency, eg. Ethereum which is also a platform for creating other cryptos…
  3. Tokens are created by writing a smart contract using solidity?
1 Like
#510
  1. What are the benefits of web 3.0 (decentralized internet)?
  • Being decentralized it holds its value within the community rather than selling your data to the bigger centralized corporations by providing incentive for early adopters in order to accelerate the network effect
  1. What is a token?
  • A token is a smart contract usually build on ETH or EOS networks and represent a value towards the protocol or asset built into the smart contract. The most common token is an ERC-20 and this can usually be either held or transferred within the network, wallet to wallet or on exchanges.
  1. How do you create a token on Ethereum?
  • You just need to program a smart contract on for example Ethereum using an ERC20 ensuring to add a token within said smart contract code
1 Like
#511

  1. That the web 3.0 will be a decentralized internet and that every user could earn money through producing content by giving likes or dislikes or the possibility to have more or completely control over his/her personal data and the possiblitty if the user wishes it to sell this data.

  2. A smart contract or a app.

  3. By using or purchasing the ERC20 standard token and implement Gas.

1 Like
#512

  1. What are the benefits of web 3.0 (decentralized internet)?
    With some much of the data owned by a few companies in Web 2.0, Web 3.0 looks like a blockchain-based web presents an attractive solution. Decentralizing protects against potential breaches, as data is distributed across several databases, rather than one central hub, as it is today. This will revolutionise how we interact on the web, how data is used and how to protect data ownership.

  2. What is a token?
    A token is a unit value that exists on an existing blockchain. Tokens do not have their own blockchain but depend or exist on an existing blockchain of a cryptocurrency such as Ethereum.

  3. How do you create a token on Ethereum?
    A token is created via a smart contact in Ethereum mostly using token standard ERC20, however there can be NFT (non fungible tokens) such as ERC721 and ERC1155 which can be used in Games to buy items such as swords and shields etc

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#513
  1. A handful of companies monopolize the majority of the centralized web 2.0 internet. They have the economical value. Web 3.0 can change it and make it decentralized, rewarding contributors, such as contect creators, users.
  2. A Tokens is a smart contract platform based non-native crypto currency.
  3. By programming a smart contract.
1 Like
#514

Homework on Web 3.0, and Tokens - Questions

  1. What are the benefits of web 3.0 (decentralized internet)?
  • It will allow more people to “compete” with giants like “facebook, google,whatsapp, etc.”… It will allow for regular surfer to earn tokens surfing on the internet, if there will be a greater demand on this platforms the price of the tokens could go up, earning money for the surfer…
  1. What is a token?
  • Token is a smart contract created on top of decentralized network.
  1. How do you create a token on Ethereum?
  • By a smart contract
1 Like
#515
  1. Incentive for early adopters and opportunity for smaller companies to compete with larger corporations.
  2. A token is a digital asset which is either fungible or non-fungible.
  3. A token is created on Ethereum by using a smart contract.
1 Like
#516

  1. The benefit will decentralization Web 3.0. More Transparency, less Middlemen, will Incentivize Creators, more privacy , Data Ownership and Sharing.

  2. A token is a unit value that exists on an existing blockchain. Tokens do not have their own blockchain but depend or exist on an existing blockchain of a cryptocurrency like Ethereum.

  3. Tokens are designed by smart contract used on Ethereum platform. They follow a list of standards so that they can be shared, exchanged for other tokens.

1 Like
#517

  1. Incentives with cryptocurrency. Small startups can compete with giant companies so no monopolies.

  2. An asset or unit of value built on an existing blockchain.

  3. With a smart contract on Ethereum.

1 Like
#518
  • What are the benefits of web 3.0 (decentralized internet)? The benefits of Web 3.0 is that smaller companies will be able to compete with the big corporations as they attract new users by rewarding them financially for their interaction. It also encourages early adopters, as financial benefit grows with the number of users .
  • What is a token? is a unit of value built and managed by a smart contract on the ethereum platform .
  • How do you create a token on Ethereum? A token is created on the ethereum platform by creating a smart contract using the ERC20 standard
1 Like
#519
  1. With Web 3.0 you can allow small startups to compete with the big giants like Google, Facebook, etc. In fact, thanks to cryptocurrencies, early adopters are encouraged to support startups because they get rewards.
  2. A token is a digital asset or a cryptocurrency, developed using the smart contracts of Ethereum or other platforms. Token can be fungible or non-fungible.
  3. A token can be created using a smart contract and using, for example, the ERC20 standard or the NFTs: ERC721 and ERC1155.
1 Like
#520

What are the benefits of web 3.0 (decentralized internet)?
Transparency, Fewer Middlemen, Privacy, Data Ownership & Sharing, Incentivize Creators

What is a token?
A token is a digital asset created on top of the ethereal network using smart contract programming. Tokens can be used to create a coin for a game, or perhaps as a reward for completing a puzzle in a game. Tokens can represent something in the real world, like gold or silver.

How do you create a token on Ethereum?
You can create a token on Ethereum using simple code in Solidity. These smart contracts act as currencies inside the EVM.

1 Like