Decentralized network gives new start up companies the opportunity to compete with large companies by incentivizing early adopters to use their new platform.
A token is a crypto currency created by smart contracts that represents value on the platform
A token is created as a smart contract
1 Like
- No big monopoly can have too much influence, no centralization. You get rewarded for your own usage of a DAPP (whether it’s by creatings posts, liking stuff, flipping a coin) through earning tokens (made possible due to inflation). On Facebook you pay Facebook when you post.
- A newly created cryptocurrency created through a smart contract running on a coin like Ethereum.
- Create a SC, i.e. a piece of code according to ECR20 standards.
1 Like
-
What are the benefits of web 3.0 (decentralized internet)?
smaller start ups will be able to compete with big names. Users of dapps can share the value by being rewarded in tokens. No middleman -
What is a token?
It is a digital asset that created using a smart contract. -
How do you create a token on Ethereum?
by creating a smart contract
1 Like
- Web 3.0 will drastically change how value is created and added to the world economy. Instead of only the applications built on the web, web 3.0 allows protocols to retain value, and grow in value based on the amount of users that use the network because you will need the networks token to use the smart applications built on top. Value added inflation will also change the relationship of the users and content creators and put the value in more decentralized hands.
- A token is an asset or protocol built on top of Ethereum or another Turing complete protocol. It uses the Ethereum blockchain to adjust the tokens ledger and be used as a digital currency .
- A token can be created by writing a smart contract and implementing the ERC20 protocol standards into the tokens blockchain.
1 Like
-
Web3.0 is a combination of the web protocols plus smart contracts creating decentralized applications or dapps. Dapps have the benefit of a blockchain and having its own tokens incentivizing user adoption.
-
A token is a representation of a item of value within a smart contract. It can be a currency or collectible items, etc.
-
On Ethereum, tokens are created through a form of smart contract called a token contract.
1 Like
1. What are the benefits of web 3.0 (decentralized internet)?
It gives access to the single users and small businesses to smart contracts and personalized tokens. These possibilities were not accessible in the web 2.0
2. What is a token?
A unit running on a smart contract chain. A token (unlike a coin) has not its native blockchain.
3. How do you create a token on Ethereum?
By programming smart contracts based on ERC-20 standard
1 Like
-
With a decentralized internet, incentives for early adoption in the form of captured value will allow for greater competition with the existing giants.
-
Tokens are currencies built on top of Ethereum or other smart contract platforms. There are fungible and non fungible tokens.
-
An Ethereum token can be created using a standard token langauge such as ERC20.
1 Like
1. What are the benefits of web 3.0 (decentralized internet)?
Trustlessness, Incentives and Decentralization.
2. What is a token?
A crytocurrency created on a smart contract platform like Ethereum, NEO, EOS etc…
3. How do you create a token on Ethereum?
By writing a smart contract in solidity based on ERC20
1 Like
- It will have increased peer to peer and no middle man is required. It would help smaller companies to compete with large corporations like Google, Facebook etc.
- A token is a currency based on an actual coin that implements smart contract to handle it and this could be on EOS, NEO, TRON, ADA or other.
- A token can me implemented when using a smart contract on a standard like ERC20.
1 Like
-
Dynamic internet with no middleman, no censorship, with dapps developing, financial incentive for early adopters.
-
Digital asset based on smart contract platform as Ethereum, EOS, NEO…
-
Create smart contract using token standard as ERC20, ERC721, ERC1155.
1 Like
1:
Currently a few internet giants are controlling the internet with heavy surveiliance and enourmous profits made from the activity we as users gives them. We are not rewarded with our time spend on their sites, but instead bombarded with personolized commercials and worse manipulated news that suits the profile the big tech giants have on us all. In this way they can manipulate the users by feeding them with news that suits the giants.
web 3.0 gives can disrupt the big tech giants and actually compete with the big tech giants because web 3.0 gives a lot of motivation to users to stay on the network as they get rewarded with tokens that potentially can increase massively in value. However it is important that greed will not take over so that we as early adopters will not be tempted to user the power it will give us to do the exact same as the big tech giants have done for years. The internet needs to be powered by people - not a select few.
2:
A token as a digital currency build on top of the Ethereum platform. It can be used as rewards in a specfic network.
Do not think SC only as programmable money where we program Ether.
Think also that we can create new money/currencies/tokens
Tokens
- Fungible = ERC20
- Non fungible = NFTs (used in games)
- ERC721
- ERC1155
3:
Most tokens are tokens on top of Ethereum or others SC platforms.
A smart contract can represent its own cryptocurrency.
Ethereum is a coin, but all cryptoes above is tokens.
Most important standard on Ethereum is ERC20: makes fungible tokens
- Defines how we all program the tokens
- You can program a token however you want in Solidity
- With the ERC20 standard all exchanges/wallets will support the new token from day 1
1 Like
Excellent answer sir! really well documented! keep it like that please! 
Carlos Z.
- Decentralized apps, early adoption of new tech through incentivization.
- An individual smart contract “layered” on top of a coin like ETH (for example).
- By smart contract creation using ERC20 (standard), ERC721 or ERC1155 (for tokens mostly used in game app creation).
1 Like
- What are the benefits of web 3.0 (decentralized internet)?
Some of the benefits of web 3.0
- Value can be captured at the protocol level
- Value can be captured by users and not just by centralized corporations
- Smart Contracts can be connected with websites to create decentralized applications
- Niche economic models can be explored
- What is a token?
A token is a cryptocurrency created on top of the Ethereum blockchain. Or other blockchain.
- How do you create a token on Ethereum?
You create an Ethereum token by implementing a smart contract using one of the ERC standards.
1 Like
1. What are the benefits of web 3.0 (decentralized internet)?
- Demonopolise internet as we know it. Basically individuals will be paid for their contributions to the network.
2. What is a token?
- A token is a separate cryptocurrency that is built on the eth network.
3. How do you create a token on Ethereum?
- You build smart contracts using solidity and you pay for each action using Gas. A collection of smart contracts and other programs makes up a Dapp. This Dapp will have its own economic environment using its own token/currency.
1 Like
-
What are the benefits of web 3.0 (decentralized internet)?
Small companies can complete against big web 2.0 companies and early adopters are incentivised to use the new platform. -
What is a token?
Is a fungible or non-fungible cryptocurrency/asset developed using an etherium smart contract. -
How do you create a token on Ethereum?
A token is created using a smart contract.
1 Like
-
The benefits of Web 3.0: Decentralised, and the value that is created by users can finally be captured by users through the use of cryptocurrencies created for the projects. Users gain cryptocurrencies by creating content, liking, and interacting with the website’s environement. In Web 2.0 everything was captured by GAFAM and users got nothing although they created the value. Another benefit for users is that with this model, it is better to be an early adopter because you get more token for the value you create the earlier you participate in the project.
-
A token is Smart Contract built on the ethereum blockchain, that also has a max supply, users’ balance etc… a money that can be used in the ecosystem of that smart contrat / Dapp.
-
Creating a token on ethereum implies choosing one of the standard (ERC20…) and then creating a smart contrat that follows those guidelines (max supply …)
1 Like
The benefit of web 3.0 is that it gives the small players a lot more opportunity to build applications that favours the early adopters.
2.
A token is a smart contract or a Dapp built on currency as for example Ethereum.
3.
You use a scripting language to create a token using ERC20.
1 Like
-
It’s protocol level is economically valuable to the users of the ethereum network.
-
It’s a cryptocurrency/smart contract that is built on the ethereum blockchain - as a second layer. All tokens on the network are ERC20 tokens, they fungible.
-
Tokens follow an ERC20 standard code to built their smart contract on the ethereum blockchain.
1 Like
- It allows smaller companies to grow up with early adopters that are incentivized to use the new platform as they will be rewarded.
- It’s a digital assets fungible and non-fungible and can me create it using smart contract.
- Using Smart Contract
1 Like