Homework: Web3.0 and Tokens

Ethereum 101
#782

1Early adoption benefits, small business opportunities, peer to peer network eliminating middle men.
2. A token is built on the ethereum network as a programmable unit of currency with a specific use as opposed to a coin with a universal identical use by everyone.
3. Tokens are created and defined within a smart contract and deployed to the EVM.

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#783
  1. We have decentralized websites and dapps being developed.
  2. 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. For example Ethereum is coin and everything build on Ethereum is a token.
  3. A token can be created as a smart contract in Ethereum.
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#784

  1. decentralised web allows new start ups to compete with existing giants such as google or facebook. this is due to the rapid growth for a start up, it allows early adopters to earn more tokens which will then give the network/app greater value over time.

  2. token is not a crypto coin, but is developed using smart contracts on platforms such as ethereum that is a coin.

  3. smart contracts built on top of the eth network, using token standards like ERC20. they can be fungible or non- fungible(NFTs). they’re good because of the compatibility

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#785

  1. What are the benefits of web 3.0 (decentralized internet)?
    the value is not kept by big company which control apps running on open protocol but the value can be kept by the protocol (for example eth) because it is probable that if an app built on eth is successful also eth value will increase. Moreover, they can be built application which cut the intermediary and redistribute the value (steemit vs facebook, brave vs chrome, btc vs fiat, etc)

  2. What is a token?
    a token is a crypto built on the top of an already existing blockchain (es enji on ethereum)

  3. How do you create a token on Ethereum?
    setting the rules of how that token works with a smart contract

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#786

  1. What are the benefits of web 3.0 (decentralized internet)?
    Web 3.0 allows experimenting with very niche economic models, which is done by creating dapps. Native tokens enable financial incentives for users of dapps, which weren’t really possible before cryptos.

  2. What is a token?
    A token is a smart contract that represents its own cryptocurrency on top of a smart contract platform such as Ethereum.

  3. How do you create a token on Ethereum?
    A token is created as a smart contract using a standard like ERC20, ERC721 or some other.

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#787

1, The main benefit of the Web 3.0 is that it capures the value on protocol level. That means when a token that is build on the ETH-Blockchain succeeds the protofal most propably also gains in value. For instance: When a ERC-20 token goes mainstream and reaches mass adoption the most also need to pay the required gas in Ether to run the instructions on the SC/ token.

  1. A token represents a smart contract on a Blockchain e.g. all smart contracts that are build on the ETH-Blockchain and follow the ERC-20 standard they are tokens or more precise ERC-20 tokens. The ERC-20 standards defines how the tokens are “designed” (programmed) therefore they follow predefined naming conventions and and contain standard functions (like “totalsupply()” or “baalnceof()”). There also exist NFT tokens that are used in games for instance

  2. You can simply create a token by programming smart contract and follow theERC-20 standard.

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#788
  • What are the benefits of web 3.0 (decentralized internet)?
    Because there is a model behind using it with valuable tokens there is an incentive to use it.
  • What is a token?
    A token is a copy of the standard from a coin like for example ERC20 (for Ethereum)
  • How do you create a token on Ethereum?
    Build it on top of the ERC20 standard.
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#789

the protocol actually benefits instead of the applications built on top of it.

Is fungible or non fungible currency built on another one

Run a smart contract or Dapp that follows the erc20 standard

#790

1. What are the benefits of web 3.0 (decentralized internet)?
a. Creating censorship resistant, interoperable and trustless alternatives to walled-garden platforms, markets and applications
2. What is a token?
a. A token is basically a smart contract representing its own cryptocurrency, while running on top of a smart contract platform like EOS, Tron or Ethereum
3. How do you create a token on Ethereum?
a. You can create a token by creating your own smart contract, which can based on one of the common ERC standards (ERC20, ERC1151, ERC721)

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#791

** What are the benefits of web 3.0 (decentralized internet)?*
A decentralized net takes the power away from middleman applications like Facebook that profit off user data.

** What is a token? How do you create a token on Ethereum?*
A token is a digital asset or cryptocurrency that is a smart contract or interacts with SCs built on the Ethereum ERC20 standard with Solidity and soon the Viper Programming Language for the EVM. Tokens like NFTs uniquely identify & store physical and digital assets like game items into the blockchain. Tokens should not be confused with coins like eth or bitcoin.

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#792

What are the benefits of web 3.0 (decentralized internet)?
-Early adopters can benefit from it.

What is a token?
-A token is an Dapp,that is working ontop of the Ethereum blockchain.

How do you create a token on Ethereum?
-With ERC20 in Solidity

#793

  1. Web 3.0 benefits people in that they themselves may get involved in new creative projects, invest in different developments, and even compete with tech giants. Value is being captured at the protocol level.

  2. A token is a form of crypto currency built on top of the Ethereum block chain or other smart contract platform.

  3. You create a token on Ethereum by adhering to the ERC20 standard.

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#794

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

The protocols and the users can finally benefit on web 3.0. There is a lot of incentives to be an early adopter of web 3.0. On web 2.0, only a few applications have all the market share.

2. What is a token?

A token is a currency that can be used within an application or to trade for other tokens or coins. Tokens can be given as incentives to use applications.

3. How do you create a token on Ethereum?
A token can be created by deploying a smart contract on the Ethereum Blockchain. The most common token standard is ERC20.

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#795

Hi @KennyMcCormick

What do you mean by an other one ? Do you consider ETH as a Token ?

This is the best way to do it for inter compatibility but you can create a token which is not an erc20. The erc20 is just a standard

#796

Hi @DigiCoin

A token is not a Dapp, a Dapp is an interface to interact with your smart contract, a token is a value counter stored in a contract

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#797

Token is a fungible or non fungible asset created on eg. Ethereum or other blockchain

Token can be created on the Ethereum blockchain by using a smart contract

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#798
  1. no monopolies
  2. a currency created of a “coin” like ethereal
  3. You program it. Or just use a online service I think.
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#799
  1. With the ERC20 standard you morons!
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#800

*** What are the benefits of web 3.0 (decentralized internet)?**
Primarly the removal of intermediaries. People deal directly with eachother in peer to peer transactions. Web 3.0 is the internet of money that enables people to securly pay for things over the internet. Money is made at the protocal level not just from the apps.

*** What is a token?**
A token is the coin used in a smart contracts platform ?

*** How do you create a token on Ethereum?**
A token can be created on Etherium by writing a smart contract in Script Bytecode ?

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#801
  1. you can do bisnes and make money. 2. token is currency or can be a thing like a house digital. 3 .by whrite a smart contract.
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