Homework: Web3.0 and Tokens

Ethereum 101
#621
  1. It will allow small companies to compete with large monopoly companies such as Google & Facebook by the protocols gaining value instead of just the applications.
  2. Tokens are digital assets created on blockchains.
  3. Create smart contracts that have ERC20 standard functions. You must include totalSupply, balanceOf, transfer, transferFrom, approve, and allowance functions to make it ERC20 compliant.
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#622

  1. What are the benefits of web 3.0 (decentralized internet)?
    We can capture the value of the technology on the protocol level. Until now this was always made on a 2nd layer with for example Google using HTTP or TCP. Decentralized applications built on smart contracts can already incentivize the user when contributing to the network.

  2. What is a token?
    It’s a representation of the cryptocurrency of a smart contract and is defined with a name, a symbol and a decimal for its divisibility.

  3. How do you create a token on Ethereum?
    By writing a program in Solidity. There are other standards but ERC20 is the one that is currently implemented and accepted by most and thus recommended to go by. In it a token contract gets deployed - this is a smart contract with the data of account addresses and balances and it defines what to transfer when and to whom.

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#623
  1. good way to transfer value to users
  2. digital asset
  3. via smart contract
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#624
  1. There is no central unity that holds the value of the network. Instead the value is in hands of those who came in early and put content in the apps.
  2. It is fungible or non-fungible digital asset.
  3. You can create the token by writing some code as a Smart contract.
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#625

What are the benefits of web 3.0 (decentralised internet)?
Internet 2.0 enables us to do powerful things. However, it also requires us to give enormous amounts of our personal data to middlemen companies like google, Apple and Facebook who aren’t transparent about their practices. Web 3.0 seeks to change that and create a more open and transparent internet where applications become smarter, more private, and more decentralised.

What is a token?
A token is a blockchain based asset, it can hold value and can be either sent or received. ERC20 tokens are stored and sent using Ethereum addresses and transactions, and uses gas to cover fees of each transaction.

How do you create a token on Ethereum?
A token can be created in Ethereum as a smart contract by using the Solidity programming language.

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#626

Homework on Web 3.0, and Tokens - Questions

  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- The value gets captured by the community and developers at the protocol level what serve as incentive for early adopters, money can be handled directly in the web without intermediaries, transparency, opportunity for smaller companies and individuals to compete with large corporations, privacy, data ownership, unstoppable and trustless environment.

2- A token is a cryptocurrency (fungible or non-fungible) that is developed using a smart contract, built on top of a blockchain network.

3- By programming a smart contract following the specific standards for the specific token.

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Tarea sobre Web 3.0 y tokens - Preguntas

  1. ÂżCuĂĄles son los beneficios de la web 3.0 (internet descentralizado)?
  2. ¿Qué es un token?
  3. ÂżCĂłmo creas un token en Ethereum?

1- El valor es capturado por la comunidad y desarrolladores al nivel del protocolo lo que sirve como incentivo para los primeros en adoptar la tecnología, el dinero puede ser manejado directamente desde la web sin intermediarios, hay transparencia, existe la oportunidad para pequeñas empresas e individuos de competir con grandes corporaciones, hay privacidad, propiedad de datos y un ambiente tan imparable como confiable.

2- Un token es una criptomoneda (fungible o no) que es desarrollada utilizando un contrato inteligente, creado sobre la red de la cadena de bloques.

3- A través de la programación de un contrato inteligente que siga los eståndares preestablecidos para el token en específico.

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#627

[quote=“filip, post:1, topic:8447, full:true”]
Homework on Web 3.0, and Tokens - Questions

  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?

  4. Web 3.0’s Advantages

Web 3.0 is the future of the internet, where applications become smarter, more private, and more decentralized. As the new infrastructure and platforms come online, the experience of using the internet will change dramatically. Today’s internet enables us to do powerful things. However, it also requires us to give enormous amounts of data to middlemen companies who aren’t transparent about their practices. Web 3.0 seeks to change that and create a more open and transparent internet.

  1. Transparency

  2. Fewer Middlemen

  3. Privacy

  4. Data Ownership & Sharing

  5. Incentivize Creators

2.Tokens (aka-Altcoins and crypto tokens) are types of cryptocurrencies with different functions. Crypto tokens are a type of cryptocurrency that represent an asset or specific use and reside on their blockchain. Created through an initial coin offering (ICO), crypto tokens are often used to raise funds for crowd sales.
crypto tokens operate on top of a blockchain that acts as a medium for the creation and execution of decentralized apps and smart contracts, and the tokens are used to facilitate the transactions.

3.Create a token on Etherium by using smart contract ERC20 and fill in details for your token

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#628

  1. The benefits are no central authority that dictates what will happen to your account.

  2. Token is a digital assets that built on the top of cryptocurrency(coins) blockchain.

  3. Using Smart contract in ethereum, anyone can create token.

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#629
  1. Monetization- captures the value of the protocols through dapps
  2. A token is a digital asset/currency built into smart contracts on the ethereum platform
  3. By creating a smart contract
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#630
  1. This is a protocol which holds both centralized and decentralized websites. But, the overall benefit lies in incentivizing early adopters (ex. small startups) being able to profit for investing in the protocol (ex Ethereum) and limitless dapps development.
  2. Its a smart contract built on the Ethereum protocol by using its standardized functions. In the case with tokens, these are dapps/crypto currencies which have been listed on exchanges and/or turned into viable businesses.
  3. You write coded smart contracts and run it on the Ethereum Blockchain and attach an EVM to execute them. By using and adhering to the standardized functions (in ex: ERC20) you will find it easier to submit, list, and monetize your token concept.
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#631

Answer 1:

  • A Opportunity for smaller businesses to compete with today’s large corporations.
  • A more efficient economy where people can interact directly with services or each other in a technical sense without the need for a middle man.

Answer 2:
An asset developed using a SC.

Answer 3:
Write and deploy a SC on the ethereum block-chain.

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#632

  1. Users are receiving the incentive instead of centralized organisations. We can use programmable money. Less centralization.

  2. A token is a crypto currency or asset, following a specific standard like erc-20, and it is being used within economies build on i.e. the Ethereum platform as a form of wealth transfer/payment for services.

  3. You can use solidity to write a smart contract following a standard like ERC-20, and build dapps on top of it to manage the contract.

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#633
  1. the benefits of web 3.0 is that it rewards the protocol by giving it value over, having applications reap the benefits.
  2. a token is on the Ethereum network is a another digital application with its own code executing its own list of instructions.
  3. a token can be created using Ethereum smart contract.
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#634

  1. It allows users to capture the value of the protocol rather than big tech companies such as google, facebook, twitter, etc.

  2. A token is a smart contract built on top of a blockchain, such as ETH, using solidity language.

  3. You watch Ivan’s How to create your OWN cryptocurrency in 15 minutes. He explains everything.

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#635
  1. Benefits: Easier to send value between people without any counterparties or broker. Systems can co-oparate in more decentralized way.
  2. Token is a smart contract (e.g. ERC20, ERC777), that keeps track of all users of the token and their token numbers.
  3. You need to create a new smart contract that implements some ERC standard.
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#636

1- a more fair model, a smaller network can become just as popular as the larger networks through early adopter incentives
2- a token is a medium of exchange delpoyed on ethereum
3- deploy a smart contract on ethereum

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#637
  1. What are the benefits of web 3.0 (decentralized internet)?
  • More incentives (economic) for early adopters and first movers
  • Peer to peer
  • For now, it looks like protocols capture the most value instead of the applications, like how it is with current web 2.0
  1. What is a token?
  • A token is deployed on a blockchain network that allows so by having smart contracts. Tokens have standards depending on which blockchain they are deployed on (ERC-20, VIP-180, EOSIO, etc). NFT’s (non-fungible tokens) are also tokens but they are all unique. These are often used in games, authentication or collections.
  1. How do you create a token on Ethereum?
  • Tokens are created on Ethereum by a smart contract with the ERC-20 standard.
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#638

It gives smaller companies a way to go up against the larger corporations, by treating early adopters with more gain than the following users. Allows for more peer to peer interactions, as well as providing more value on the protocol level.

Tokens are assets created on the ethereum blockchain or any other chains that allow it.

you can create a token on top of the ethereum blockchain by programming it using a smart contract.

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#639

What are the benefits of web 3.0 (decentralized internet)?
What is a token?
How do you create a token on Ethereum?

  1. Web 3.0 allows developers to monetize a layer(token) on the internet. This
    can be used to incentivize early adoption, and increase competition with the bigger players google etc.

  2. A token is a asset on a blockchain.

  3. A token is computer code on Ethereum. ie: a smart contract

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#640

  1. What are the benefits of web 3.0 (decentralized internet)?
    Gives birth to StartUps, opens up the market, brings competition, incentives and overall growth of the network.

  2. What is a token?
    Digital currency made up of smart contracts

  3. How do you create a token on Ethereum?
    By writing smart contracts/Dapps running on Ethereum blockchain, executed by EVM.

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