- it gives value to early adopters thus allowing SMEs to compete with giant companies. There is no middle-man taking the biggest slice of the pie.
- A token is a currency that is handled by a smart contract that run on a block-chain like Ethereum
- You can use a standard like ERC20 token or one of the standards for non-fungible tokens. To create it and deploy it on the block-chain it is written in Solidity.
- It counters centralization and monopolys ,tech giant like facebook and google. It makes the users benefit from using it. Not just the Tech giants.
- A fungible or non fungible digital asset on ethereum.
- By programming it with the ERC 20 Token standart. This will make it directly compatible with every wallet and exchange that allows erc 20 tokens. Or ERC 721 or ERC233 (non fungible)
- What are the benefits of web 3.0 (decentralized internet)?
It makes the internet a fair place because its no longer controlled by big giants like Google, Facebook or Netflix. In stead you could create a new dap that incentives early adopters and give the value back to the people. Your dap will eventually grow because people are always interested in money. - What is a token?
A token is a contract build on top of the Ethereum or other blockchains. - How do you create a token on Ethereum?
By following the rules of one of the token standards like the ERC 20 standard
What are the benefits of web 3.0 (decentralized internet)?
- web 3.0 allows platforms (protocols) that capture value themselves as opposed to supporting software that captures values. It is also decentralised and so offers early adopters of those new platforms to be rewarded with tokens, which usually diminishes as more adopters come on board, although their value usually increases.
What is a token?
2. A token is a small bit of software that is represented as a contract on the ethereum (or other) network. It can be fungible or not fungible and can represent a coin, or some other tangible asset of value.
How do you create a token on Ethereum?
3. By writing a smart contract (a small group of code).
- What are the benefits of web 3.0 (decentralized internet)?
A decentralized internet would give the opportunity for a small companies to compete with corporations. Early adopters are being rewarded to use a new platform. - What is a token?
A token is a digital asset/cryptocurrency that is developed on top of the Ethereum or other smart contract platforms (EOS, NEO) - How do you create a token on Ethereum?
A token can be created by implementing a smart contract using standards like ERC20, ERC721, ERC1155.
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Benefits of Web3.0 are that Protocols have monetary value, decentralised nature avoids supression or institutional control, early adopters gain much of the value and small players can compete more easily with the current big players who have monopolies.
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A token is a representation of an asset or utility built on top of an existing protocol or blockchain using a set of standards within that protocol that enable efficient and widespread access to the token.
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A token in Ethereum is created using a standard like ERC20 with a smart contract
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Decentralised Apps and DAPS. Content can be monitized with tokens on the blockchain.
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An application built on the Ethereum ERC 20 standard.
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With ERC 20 or ERC 772 or ERC 115 code.
- The benefits of Web 3.0 include the ability to create smart contracts and new types of currencies that are easily transferable and in control of their owners and not in control of a third party or dependent on any financial system.
2 and 3) A token is a project written by a smart contract on the ethereum blockchain or other type of blockchain.
3. How do you create a token on Ethereum?
Quite close sir, you mean to “use” the ERC20 standard to design an smart contract? or purchasing like a programmer to write the code for an smart contract? ERC20 standard is not a token, is a set of rules that programmers should/must follow in ordert to create/design smart contracts on the Ethereum Network.
Hope this gives you a clear view of the subject, keep learning!
Carlos Z.
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They reward the protocol, not just the applications. In Web 2.0 the protocols like HTTP never had any investment value, rather the applications that ran on them did like Google, Facebook, and Twitter. Also, tokenization on the network allows small businesses and early adopters a fighting chance against big players like Web 2.0 tech companies (see: Steem and Basic Attention Token).
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A token is a unit of value or currency created through a smart contract on the Ethereum network or competing blockchain like EOS or TRON.
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You can create a token on the Ethereum Network using a Gas and a standard like ERC 20, ERC 721 and ERC 1155 to control its behavior.
- What are the benefits of web 3.0 (decentralized internet)?
The benefits of web 3.0 are many. A few that really stand out to me are the ability for web 3.0 to bring monetary value to the community and not just to these huge companies who are monopolizing platforms. The freedom to create decentralized platforms that are not as heavily influenced by a single company. The economic incentive for users to be early adopters of these platforms and get rewarded directly for interaction with such platforms. It spreads the power from very few to very many, and creates an ecosystem where the value in the system goes to the users and not to central entity.
- What is a token?
A token is a digital asset, either fungible or non-fungible, that is created using smart contract platforms and are programmed into these platforms. These smart contracts essentially run on top of a base network (Ethereum, EOS, Tron, etc…). These tokens can be used as currency within the smart contracts or DApps, both to reward users for their contribution and/or as currencies for specific use within the platform.
- How do you create a token on Ethereum?
In order to create a token on Ethereum you must write a smart contract that creates and deploys the token. On Ethereum you would create an ERC token to be used as a digital asset that is tied to the use of the platform built on your smart contract. These tokens and smart contracts would be running on top of the Ethereum network and within the Ethereum blockchain. By doing so they would require Ethereum to be used gas to fund the functions of your smart contract.
1. What are the benefits of web 3.0 (decentralized internet)? A decentralized internet would reward protocols and applications rather than just applications, which would allow small companies to compete against behemoths like Google and Facebook.
2. What is a token? A token is a digital asset (fungible or non-fungible) that is developed using a smart contract and exists on top of an existing coin or blockchain.
3. How do you create a token on Ethereum? A token is created on Ethereum by way of a smart contract.
-smaller companies can compete with large companies
-early adopters are getting incentives to use the new platform (attract new users by offer real financial rewards).
It is a currency based on an actual coin, build on a smart contract platform like Ethereum or EOS. A token is a fungible or no-fungible digital asset. It is programmed money that follows a set of standard, ERC20. The currency in a token compared to another token can represent different value, for example physical objects etc.
A token can be created on the Ethereum smart contract platform using a set of standard, for example ERC20.
- More opportunities for innovation and smaller companies to grow due to early adopters getting higher rewards simply by having less competition
- A token can be fungible or non fungible which are on the ethereum blockchain
- They are created with a smart contract on the ethereum blockchain
1/ What are the benefits of web 3.0 ( decentralized internet ) ?
There are big incentives for early adoption, businesses that embrace 3.0 web, & decentralize ,they will be in a better position to meet their competition.
There will be no single point of failure.
Users will finally control their own data.
Restoring individual sovereignty.
Web 3.0 will aim to eliminate single centralized points that can be targeted by payment providers.
2/ What is a token ?
A token is a Smart Contract, pieces of code, ( bytecodes ) that are created on Ethereum network
& blockchain network.
- How do you create a token on Ethereum ?
By using a smart contact, simple pieces of code ( bytecodes ).
You can create fungible & non-fungible tokens on the ethereum network, ERC20 = fungible ( means its the same ) ERC721/ERC1155 = NFT tokens ( Non-fungible tokens ).
- Web 3.0 allows a new economy, in which early adopters are incentives by being the first to use a
service. It is bad to having monopoly of the internet. - A token is a new currency developed on eth blockchain with SC.
- Create a SC on Eth blockchain.
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Decentralization and incentives to early adopters.
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Fungible or non fungible asset created on a block chain.
3 They are created using smart contracts.
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Decentralized internet will create a new economy for users of 3.0. The focus on 3.0 is the community rather than the centralized monopolies we see today.
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A token is the native fungible assets within a smart contract economy that represents a portion of value within that smart contract.
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I do not know. But I think you can program this in when you set up your ERC20 framework.
- No monopolies. the bottom layer is rewarded for it’s creations. Incentives to those who help grow it.
- the currency of a dapp. fungible or not. can represent items or currency. A unit of value
- via SCs.
- The value is created on a protocol level instead of applications having all the value.
- a smart contract running a protocol
- using ERC20 ERC 721, or ERC1155, among other, standards, writing a smart contract