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The benefits of web 3.0 is;
That it captures the financial value at the protocol lvl.
It also create a whole new set of possibilities in term of internet services and procedure want it comes to business, and exchanges of goods and services. -
A token is a measure of value created through a smart contract and recorded on blockchain. I can be Fungible or Non-fungible. Also most token are created using standards allowing for block ecosystem to be compatible and stream-lined.
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Can’t wait to learn how to do it.
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What are the benefits of web 3.0 (decentralized internet)? Small companies and startups will be able to complete with giant corporations. Network effect. Incentivized business models that benefit early adopters.
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What is a token? A cryptocurrency built on top of Ethereum (for instance) or other smart contract platforms (NEO, Cardano, EOS) that is either fungible or an NFT.
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How do you create a token on Ethereum? You create a token by implementing standards ( ERC20, ERC721, ERC1155, for example) of smart contract. You write the code in Solidity or Vyper, compile the code, and deploy to the Main Net. You can test on the Rinkby and Ropsten networks.
- dapps and smaller companies with their protocolls can be run on the decertralized websites in we 3.0…
they can gain value through theri own insentiv system . this is the way to start keeping up with the large programms like google etc.! - tokens are crypto currencies which are develop through a smart contract on the eth blockchain.
- a tkesn is created through a smart contract using a certain language like ECR 20 .
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The protocol level with their own economical model can capture its own value, with early adopters
gaining value and great chance for competition against giants. -
A token is a digital asset which can be identical or unique built in a smart contract on a blockchain.
ERC20 standard for fungible tokens. ERC721 and ERC1155 for NFT (Non Fungible Tokens) -
A token can be created with a Smart Contract using Solidity via the ERC20 standard or a NFT
standard.
Please correct me if I’m misunderstanding anything here
1. What are the benefits of web 3.0 (decentralized internet)?
Web 3.0 makes it so that smaller companies and startups have an opportunity to compete with big corporations by incentivizing people financially to be early adopters. This again helps people start to cut out the middle man and focus more on peer to peer content and interaction.
2. What is a token?
A token is a cryptocurrency built on top of the Ethereum network. The most popular type of token is fungible, but there are also non-fungible tokens (NFTs).
3. How do you create a token on Ethereum?
You create a token on Ethereum by creating a smart contract.
As a student and as i have understand it until now tokens are not cryptocurrencies. They are smart contracts that are beeing tokenized so they can be used on dapps mostly. The smart contracts are tokenized so we can give them a value, so people understand easier what they can do with them. Cryptocurrency is the “coin” that actually has it’s own blockchain and smart contracts can be build on them, something that tokens don’t have and can’t do. https://www.investopedia.com/terms/c/crypto-token.asp
https://www.bitdegree.org/tutorials/token-vs-coin/
1.What are the benefits of web 3.0 (decentralized internet)?
— Transparency, Fewer Middlemen, Privacy, Data Ownership and Sharing, Incentivize Creators.
2.What is a token?
— Programmable digital asset that is fungible or non-fungible built on a smart contract platform
3.How do you create a token on Ethereum?
— You can create a token in a smart contract using Solidity programming language and ERC20 standard on Ethereum platform is one way to do it.
3.How do you create a token on Ethereum?
Hello sir, yes, with the Ethereum Smart Contract Programming 101 you will learn how to do design/create them on a deep of level, but for now, you probably want to redesign the answer to the simple action on how to create a token.
If you have any doubt, please let us know so we can help you!
Carlos Z.
1.The benefits of the decentralised Web 3.0 is that it gives smaller companies the chance to compete with large, established corporations thereby encouraging innovation and independence. It also gives incentives to early adopters.
2.A token is a quantified unit of value. A crypto-token is a type of tradable asset that is created for a specific use on a blockchain.
3.On Ethereum a token is created by; a) writing a smart contract which is then deployed on the Ethereum blockchain, or b) visiting Token Factory and using the “Create Token” facility.
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from what I see web 3.0 is what will bring the value of things to the people, by way of decentralization.
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A Token is a unit of value on a given network.
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I dont know yet, Im a noob. I watched the vid again though to make sure it wasnt discussed. Im sure I will learn soon though
3.How do you create a token on Ethereum?
Hello sir, to create a token you must design an smart contract within the ERC20 Token Standard (or other ERC standard, thats depend on the type of smart contract that you want to design), then your smart contract will have the ability to manage his own token for the operations or instructions that you have program on it.
Hope this gives you a clear view of the subject, keep learning!
If you have any doubt, please let us know so we can help you!
Carlos Z.
- What are the benefits of web 3.0 (decentralized internet)?
no middle man with peer to peer trustless confirmations to create a money layer unlike tcp - What is a token?
database of a digital asset that can have additional functions based on the smart contract(s) - How do you create a token on Ethereum?
create a smart contract on the erc20 token protocol
What are the benefits of web 3.0 (decentralized internet)?
smaller companies can potentially compete with mega corporations by Incentivising the user activities with a crypto currency. Steemit is an example of a social media site that does this, a browser called Brave also does so
What is a token?
A token is a smart contract that runs on the etherium platform or etherium like platform and is fungible
How do you create a token on Ethereum?
a token is created by using the ERC20 standard to program it
I was just putting a bit of humor hehe. I am at the moment doing both Smart Contract programming course and this one.
On the other hand, I’d admit that when I read the question. the first thing that came to my mind is:
“We didnt learned that or it is By writing a smart contract. This question is a bit useless”.
I felt like the question by it self was pretty trivial and pointless and i think focusing on making clear that any program or assets in Ethereum blockchain is built using Solidity and “contained in what we call a smart contract”.
I share my feeling and opinion openly with no bad intention. Sorry If my wording may be a bit crunchy or rude, I’m not english.
Regards, Guillaume.
No problem at all sir, i really didnt get the joke, but indeed it’s funny now that you explain it.
Yeah probably the question could be redesigned, but for now most students just answer with the simple theory on how its created, for not there is no need to know all the knowledge deeply, just to know how a token is created.
Still your opinion is important for us, and thank you for being honest, keep learning!
Carlos Z.
1)What are the benefits of web 3.0 (decentralized internet)?
2)What is a token?
3)How do you create a token on Ethereum?
1)Crypto technologies could level the foundations of the modern web and challenge the political, financial and cultural institutions on which it depends, these are the benefits of web 3.0.
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. Eg, Ethereum.
3)A token can be created as a smart contract in Ethereum.
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What are the benefits of web 3.0 (decentralized internet)?
The protocol itself and participants on the protocol can be rewarded, not only the applications built on top of it. -
What is a token?
A digital asset (fungible or non-fungible) developed using a smart contract. -
How do you create a token on Ethereum?
A token can be created using a smart contract
- Some benefits of a decentralized internet (web 3.0):
- "Users don’t have to put trust in a central authority.
- There is less likely to be a single point of failure.
- There is less censorship.
- Decentralized networks are more likely to be open development platforms.
- There is potential for network ownership alignment.
- Decentralized networks can be more meritocratic."
-Doug Petkanics 2016, " The Benefits of Decentralization," Medium
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A token is a type of cryptocurrency that represents an asset or specific use and resides on its specific cryptocurrency blockchain.
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A token is created on Ethereum by smart contract using the ERC20 (or others) standard.
1.What are the benefits of web 3.0 (decentralized internet)?
Value is distributed across the community at the protocol layer. Decentralization creates an environment of competition, innovation, and immutability for all members of the community.
2.What is a token
A Token is a smart contract that contains a mapping of accounts to their respective balances.
3.How do you create a token on Ethereum?
Program a smart contract using Solidity that contains the criteria above.
- What are the benefits of web 3.0 (decentralized internet)?
-Increased information linking: Semantic web will help in the connectivity of online data.
-Efficient searching.
-Better marketing.
-More efficient “Web” browsing.
-Effective communication.
-Change human interaction.
- What is a token?
A tokens can represent any fungible tradable good: coins, loyalty points, gold certificates, IOUs, in-game items, etc. Since all tokens implement some basic features in a standard way, this also means that your token will be instantly compatible with the Ethereum wallet and any other client or contract that uses the same standards.
- How do you create a token on Ethereum?
A token can be created as a smart contract in Ethereum .