Homework: Web3.0 and Tokens

Ethereum 101
#882

Task in Web 3.0 and tokens

Questions What are the benefits of Web 3.0 (decentralized internet)?

One of the benefits of Web 3.0 is that being decentralized allows small companies to compete with large corporations, allows users to contribute to the network through rewards, protocols gain value instead of applications, They create their own economic model of cryptocurrencies.

What is a token?

It is a unit of value within the blockchain and can be fungible or non-fungible, it is used within the application and can be exchanged for other tokens.

How do you create a token in Ethereum?

The token is created through the implementation of the smart contract that is deployed on the Ethereum blockchain, the most widely implemented token standard is ERC20.

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#885

Yea I had a feeling that wasn’t what you were looking for. I wasn’t sure what to answer here. I watched the video twice and I didn’t see anything in there that explained “how” to create a token

1 Like
#886
  1. What are the benefits of web 3.0 (decentralized internet)?
    A decentralized internet with Web 3.0 could mean a more equal distribution for smaller enterprises to compete as newer entrants to the market. The web could become a more level playing field and censorship could be closer to obsolete.
  2. What is a token?
    A token is a fungible or non-fungible digital asset that has been created from coding to serve smart contracts.
  3. How do you create a token on Ethereum?
    By using Solidity with the ERC-20 Standard, a smart contract can be created on Ethereum to create a token as a unit of currency.
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#887

Just wanted to ask if it would be advisable to learn the Solidity programming language before starting E smart contract 101 ? Or just dive in. For the record I have some programming experience but only building wesites in internet 2.0.

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#888

1. What are the benefits of web 3.0 (decentralized internet)?
On the user side: there will be more competition between companies, not just monopolies and oligopolies, so there will be better services for a lower price.
On the side of entrepreneurs: there will be a real opportunity for competition, so if you offer something better than what large companies already do, you can compete with them and even overcome them.
2. What is a token?
Is a digital asset, that can represent an asset in the physical world, or items on games, or can be criptocurrencies.
3. How do you create a token on Ethereum?
Developing SmartContracts on top of the Ethereum Blockchain

1 Like
#889

  1. Web 3.0 is a user-centric web that is more decentralized, secure, transparent, and private compared to Web 2.0.

  2. A token is a smart contract built on top of a blockchain. It can be either fungible or non-fungible.

  3. A token is built on ethereum using a smart contract and must follow ERC20 standards.

1 Like
#890

Decentralized internet in a way levels the playing field. It does this through financial incentives; human nature demands nothing but adoption. Trust is also eliminated as an obstacle through the consensus.

A token is a smart contract which can either be fungible or non-fungible. It is a capsule of information including transactions, currency, and rights.

A token is created on Ethereum using the ERC-20 as a standard to remain fungible. A smart contract is programmed using this protocol and inserted into the blockchain.

1 Like
#891

Homework on Web 3.0, and Tokens - Questions

  1. What are the benefits of web 3.0 (decentralized internet)?
    the content can be decentralized, which gives small companys the chance to compete with the big ones.

  2. What is a token?
    a smart contact which is deployed on another blockchain such as Ethereum.

  3. How do you create a token on Ethereum?
    by deploying a smart contact, using Solidity, on the Ethereum blockchain following the ERC20 standards

1 Like
#892
  1. The main benefit of web 3.0 is that it is decentralized and therefore allows for a reliable incentive structure i.e. protocols gain value rather than only the applications that run on top of them (such as Amazon for web 2.0)
  2. A token is a virtual/digital asset that resides on top of a blockchain. Typically tokens operate on the ETH blockchain/protocol and are what investors receive for their funds.
  3. You create a smart contract that has both contract address and a certain total supply of tokens.
1 Like
#893
  1. What are the benefits of web 3.0 (decentralized internet)?
    Benefits are to make the internet more equal, removing companies monopole and give all projects to capture the value, In other word internet will be more democratic
  2. What is a token?
    A token is a smart contract build on top of Ethereum, it contains a map of account addresses and their balances
  3. How do you create a token on Ethereum?
    A token can be built as a smart contract in Ethereum.
1 Like
#894
  1. Security, Transparency, Privacy, Reduce the layers in the middle…
  2. Programable digital asset build on smart contract platform
  3. Using solidity programming language and ERC20 standard
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#895
  1. What are the benefits of web 3.0 (decentralized internet)?

The main benefit for a decentralized internet is that it could stop large centralized companies having a monopoly over it, making it fairer and more accessible for everyone. The protocol captures the value rather than the application.

  1. What is a token?

A token is a native currency built in a smart contract on top of the Ethereum network.

  1. How do you create a token on Ethereum?

Build a smart contract with a native currency in the ERC20 standard.

1 Like
#896
  1. It would give smaller companies a chance to compete against larger companies by creating dapps that utilize their unique economic models to incentivise early adopters
  2. A token is fungible or nft
  3. It’s created through code following standards such as ERC20, ERC721 and ERC1155 depending on if it is a fungible token or nft
1 Like
#897

Hello sir, you will learn Solitidy on the Ethereum Smart Contract Programming 101, but before jumping directly to it I advice start Javascript Programming for Blockchain Developers course.
Remember to follow your Personal Study Plan to get the most of the Academy.

If you have any more questions, please let us know so we can help you! :slight_smile:

Carlos Z.

#898

1.- The main benefit it’s the content could be decentralized that gives to all the companies the opportunity to compete with each other, no matter how big or small they are.

2.- It’s a Smart Contract deployed in a top of a blockchain

3.- By using solidity with some of the available standards, like ERC-20, to create an smart contract, and deploying into the Ethereum blockchain

1 Like
#899

  1. Benefit of web 3.0 is incentives with profits

  2. A token is like a smart contract of a specific blockchain crypto coin.

  3. Token on Ethereum created by using a programming language name as solidity.

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#900
  1. Web 3.0 has decentralized websites and the development of dapps ( smart contracts). The websites have their own economic system and you are able to comment and contribute to the content.
  2. Tokens are smart contracts.
  3. Ethereum tokens are made by creating a smart contract using solidity and applying that to the Ethereum blockckain.
1 Like
#901
  • What are the benefits of web 3.0 (decentralized internet)?

Gaining more control over content we wanna support, you are able to tip people, earn for engaging in discussions and liking content. Internet of Information era is changing to Internet of Value.

  • What is a token?

Token is smart contract deployed on Ethereum, programmable digital asset.

  • How do you create a token on Ethereum?

By creating a Smart Contract with will comply with IRC20 Standards.

1 Like
#902
  1. It rewards the protocol instead of the applications. This way the power of a decentralized protocol will be more fair compared to web 2.0 where a few actors get all the financial rewards and power.
  2. Token is the currency of a ERC20 protocol
  3. You build a ERC20 protocol.
1 Like
#903

1. What are the benefits of web 3.0 (decentralized internet)?
** Incentivize Creators, Transparency, Privacy, No middlemen,. The benefit of distributed ledger technologies and decentralization in Web 3.0 is that you can follow your own data and inspect the code behind the platforms you choose to use.

2. What is a token?
** A token is simply a cryptocurrency built on top of an existing blockchain.

3. How do you create a token on Ethereum?
A token can be created as a smart contract in Ethereum .
By example : the ERC20 token specification has become the defacto standard for Ethereum tokens.

1 Like