Homework: Web3.0 and Tokens

Ethereum 101
#661

  1. also little companies/projects would be able to compete with the big players, creating their own economy. For example, steemit is an interesting social network with a real chance to compete with facebook. It has its own tokens and it rewards people who contribute with posts and likes. Where there is such an incentive (tokens “steem”), people become motivated to promote steemit.

  2. The unit of an account address balance in a smart contract (also called token contract). Tokens in general can be fungible and non fungible. As we are talking about ethereum using erc20 tokens, we are talking only about fungible ones (erc20 is a standard for fungible tokens. For non fungible ones there are other standards).

  3. Creating a smart contract, defining totalSupply(). This way you have defined the amount of tokens and “created” them.

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#662
  1. More economic incentive for small parties that compete against the big players by offering rewards in form of tokens in exchange for them promoting the dapp.
  2. A token is a smart contract. There are fungible and non fungible tokens.
  3. Create a smart contract by using Solidity programming language that is based on ERC20 standard and build it on top of the Ethereum protocol.
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#663
  1. What are the benefits of web 3.0 (decentralized internet)?
    A decentralized internet would enhance the opportunity for smaller start ups against bigger companies thus early adopters get rewarded a higher amount of tokens. As the startup grows the value of the tokens will too. Underlying protocols will generate revenue unlike http web 2.0.
  2. What is a token?
    A token is an digital asset that is fungible or non fungible it is run on a platform like ETH, EOS, XLM etc. Tokens follow a set of standards that allows it to hold and transfer value.
  3. How do you create a token on Ethereum?
    By utilizing protocol ERC20 creating a SC and wallet associated tokens.
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#664

  1. One of the benefits to web 3.0 includes high-incentives to early adopters of new technologies and dapps. This discourages monopolization, bloated companies, and encourages innovation and smaller communities/businesses/dapps. Another benefit is that it is peer to peer based communication and interaction. It removes middlemen, intermediaries, and hall monitors.

  2. A token is a digital asset, fungible or non-fungible, that exists via smart contracts on the Ethereum Network

  3. In order to create a token on the Ethereum Network, there is some basic functions that must be included. This is in order to enforce standardization, security, and functionality of tokens on the network.

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#665
  1. i think the biggest benefit is that you can create something on the blockchain that nobody can delete or take you away. like a video on steem or cryptokitties.
  2. any fungible good
  3. write a smartcontract with silidity
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#667
  1. Censorship becomes more difficult, security increases, smaller companies can compete with larger companies.
  2. A digital asset that is made with a smart contract.
  3. Tokens are made with smart contracts which are written in Solidity, the Ethereum programming language, using a token standard.
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#668

[1.] What are the benefits of web 3.0 (decentralized internet)?
It will be now standard for websites to not be running on a central server, so it won’t be easy to block or shut them down.

[2.] What is a token?
Ethereum tokens are simply digital assets that are being built on top of the Ethereum blockchain.

[3.] How do you create a token on Ethereum?
By creating a Smart Contract

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#669

1. What are the benefits of web 3.0 (decentralized internet)?

  • incentivising people on being early adopters in new apps, therefore being able to compete with larger firms.

2. What is a token?

  • a token is a smart contract or dapp running on top of other protocols like Ethereum.

3. How do you create a token on Ethereum?

  • by using Solidity to create a smart contract or a dapp.
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#670
  1. Web 3.0 allows decentralized websites where daps can be developed. These networks can create their own crypto currency and have a unique economic model where early adapters and users can earn funds from utilizing the site.
  2. A token is like a smart contract where tokens are created on Ethereum. They can be fungible (all tokens are the same) or non-fungible (you can define various representations for the token)
  3. A token can be created with ERC20 (fungible) or ERC721 or ERC115 (non-fungible) on top of the Ethereum blockchain
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#671

1It opens up opportunities for anyone to compete with giants like google and FB by incentivizing early adopters. It creates and preserves a lot of value at the base layer.
2 A token is a means of exchange (crypto currency) on a blockchain network.
3 You can create a token with a smart contract.

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#672

  1. What are the benefits of web 3.0 (decentralized internet)?
    The network-incetives has bigger effect thanks to the blockchain model. You will earning on helping new businesses.

  2. What is a token?
    Tokens represent an asset or specific use on a cryptocurrency´s blockchain

  3. How do you create a token on Ethereum?
    You create tokens thru smart contracts, often using the standard ERC20.

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#673
  1. it gives opportunities for small companies to compete with big ones giving incentives to earlier adopters.
  2. a token is a diggital asset that is developed on a smart contract (ethereum)
  3. a token is created using a smart contract written in ERC20, ERC721, ERC233 standard
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#674

1.What are the benefits of web 3.0 (decentralized internet)?
It allows peer to peer trustless services.
Restores individual sovereignty by democratizing and decentralizing the internet.
Redistributes control over the internet back to individuals who create including value as a primitive.
Allows individuals to store and transfer value outside of the banking system.
The unbanked and the underbanked can be served.
Decentrailizes a whole host of different industries.

  1. What is a token?
    A token is just a contract that keeps track of who owns how much of that token, and some functions so those users can transfer their tokens to other addresses.

  2. How do you create a token on Ethereum?
    You need to implement 6 mandatory functions in order to create a token which are written in interface ie. 1. totalSupply, 2.balanceOf, 3. transfer, 4.transferFrom 5. approve 6. allowance
    and follow 3 further functions which are optional: 1.Token Name 2. Symbol 3. Decimal

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#675
  1. the protocol is valued. People can get economic incentives, getting rewards with DAPPS, be early adopters and compete with the biggest companies around the world.
  2. a token is an digital asset when you create your own DAPP and smart contracts like ERC20,ERC721,ERC1155 in ETHEREUM. They can be fungible or non-fungible.
    3.Creating smart contracts in ethereum protocol with the mostly recomended token ERC20, then compiling in EVM.
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#676

1.) The benefits of web 3.0 are that it is censorship resistant, smaller companies are able to compete with the current monopolies, and the protocols themselves will be able to capture value rather than only the applications.

2.) A token is a system of currency that is programmable smart contracts built on top of the blockchain of another currency (such as ether).

3.) To create a token on the Ethereum blockchain, one must program smart contracts using a standard protocol such as ERC20.

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#677

One of the big benefits is that we will be able to monetyze value on a more granular level. Reducing the middle-man will increase the revenue for the individuals and will allow to get even money for things you can’t currently monetyze at all. The possibilty to cummulate (tokenized) value will incentivize developers (and also users) to adopt new ideas early on and will also allow small companies to be able to compete against the big players on the market.

A token is a unit of a digital asset (or value), in regards to ethereum.
In general a token is just a part of something (to keep it generic).

Tokens are created by a central authority that defines the tokens and controls the transfer of them.
This central authority is defined using a smart contract.
To create tokens in ethereum you need to create a smart contract and deploy it to the ethereum network.

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#678

  1. What are the benefits of web 3.0 (decentralized internet)?
    Small businesses can compete with large corporations as they can create their own economy and incentivise users to join the network.

  2. What is a token?
    A digital asset which is fungible or not fungible and created by a smart contract on the Ethereum blockchain. Tokens can be used to reward users, pay miners, transaction fees and for investing.

  3. How do you create a token on Ethereum?
    Create a smart contract which is written according to the ERC20 standard. This then needs to be deployed onto the Ethereum blockchain.

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#679

  1. What are the benefits of web 3.0 (decentralized internet)?
    Prevents large companies from having a monopoly by using financial incentives to attract creaters and promote a product to increase users, anyone can do this without lots of capital or connections. Protocols will take the profit instead of large companies. This financial incentive will encourage innovation as competition will be fierece. It is more secure as there is no fixed point of attack such as a data server.

  2. What is a token?
    A token is a tradable unit of value built on top of an existing protocol.

  3. How do you create a token on Ethereum?
    By programming a smart contract on the Ethereum blockchain. It can be anything although ERC20, ERC721 and ERC1155 are existing standards of building a token on the Ethereum blockchain that will assist with integration into existing infrastructor such as wallets and exchanges.

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#680

  1. What are the benefits of web 3.0 (decentralized internet)?
    Because of this new dynamic a website can create it’s own economic model and currency. There are a lot more creative opportunities that level the playing field to allow the little guys to participate in an environment that was previously dominated by big tech corporations.

  2. What is a token?
    A token is a smart contract or DAPP that is built on top of a network. In this course we are talking about Ethereum. The token can be programmed to serve many purposes from a simple currency to more complex utilities. These tokens are powered using Ethereum for gas in transactions on the network.

  3. How do you create a token on Ethereum?
    To create a token you would have to create a smart contract/DAPP. These are programed using a standard so the wallets can interact with the tokens. The standard for the more popular fungible tokens is the ERC20 standard.

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#681
  1. What are the benefits of web 3.0 (decentralized internet)?

You will have better and more targeted and focused content, increased privacy, lower barriers to entry, user data ownership, economic incentives through earning tokens

  1. What is a token?

A unit of value used on any particular platform built on the ETH network A token is created on top of Ethereum using a smart contract. Token creation, transfer, destruction and behaviour can be controlled by the smart contract

  1. How do you create a token on Ethereum?

A token can be created using a smart contract using one of the token standards like ERC20, ERC721 and ERC233 depending on whether you want it to be fungible or not and any other parameters

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