Hello thecil, I may have missed this but exactly where is the personal study plan page ?
is it the my courses page ?
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1- The web 3.0 inverts the structure of power and allows small companies or individuals to compete with huge players in the market like Google, Facebook, etc.
2- A token is a digital asset built on top of a cryptocurrency (like Ethereum).
3- You create a token by creating a smart contract that implements a series of methods for transferring value, getting the balance of an address, among others. A good practice is to use standards, like ERC20, which enforces you to implement a set of defined methods. This allows exchanges and other apps to support any token instantly because all share the same interface.
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Early adapters in a decentralized token project (web 3.0) are economically incentivized to participate and will see a higher ROI.
Tokens are basically currencies that run on top of a base protocol (like ethereum), and use the base protocolās coin (ether) as the economic driver (gas) and to host smart contracts.
Tokes can be created using code that conforms to the token standards like ERC20, ERC721 and ERC1055, etc.
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- It means small companies can compete with big companies, people who use the platform early on will be rewarded for it. The more people on the platform the less the reward.
- A token is programmable digital asset, programmed on Ethereum or any other blockchain.
- You create a token on Ethereum by using the protocol standard such as ERC20, it allows to create a smart contract
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1.What are the benefits of web 3.0 (decentralized internet)?
A decentralized internet will give the opportunity for small players to attract new users offering real benefits due to early adoption.There is less costs involved, no middleman, more rewards, more transparency and a higher level of security and privacy data.
2.What is a token?
A token is a unit of value created on top of Ethereum by a token smart contract. Its generation, destruction and behaviour can be controlled by the smart contract
- How do you create a token on Ethereum?
A token can be created as a smart contract in Ethereum.
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1.) The benefits of web 3.0 is that it allows smaller actors to compete with large corporations like Facebook, Twitter and Google, it promotes privacy, security and innovation. Levels the playing field.
2.) A token is a programmed currency that can be either a fungible or non-fungible asset representing value on a blockchain.
3.) A token on Ethereum is created on a smart contract using ERC20 standards (fungible) or ERC721 & ERC1155 (non-fungible).
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What are the benefits of web 3.0 (decentralized internet)?
- Value is captured in the protocol level instead only the apps on that level
- Creators of content get a chance to earn their value instead of the centralized company like google, fb etc that are now getting the rewards for your input
- More equal opportunities for small companies to compete with bigger ones because of the Network effect
What is a token?
A niche economy (way to capture value of smart contracts) that is built on the Ethereum blockchain.
How do you create a token on Ethereum?
By building a smart contract (ERC20 code or ERC721, ERC1155) on ETH blockchain and using Ether to execute the SC.
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- allows startups to compete against incumbent giants by incentivising early adopters
- a token is a unit of value that can be used to reward users or exchange value
- You create tokens on ethereum with smart contracts
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What are the benefits of web 3.0 (decentralized internet)?
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What is a token?
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How do you create a token on Ethereum?
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Benefits of Web 3.0 are having new trustless peer to peer services online and being an early adopter of tech or early investing in a company could be beneficial also.
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A token is a fungible or non-fungible digital asset that represents a unit on a blockchain and has fixed supply and is programmable to complete specific tasks on that blockchain.
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An ethereum token can be created by using the standard ERC20.
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Hello sir, you should be able to find it on your Dashboard: here.
There you should be able to see your own personal study plan.
If you have any more questions, please let us know so we can help you! 
Carlos Z.
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Value is captured at the protocol level, allows for the development of DAPPS. This allows for smaller businesses to compete with larger corporations.
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A token is a digital asset that is built on top of a cryptocurrency. In the case of this lesson, its Etherium.
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You program a smart contract, and use ERC20 while doing so to ensure that it is transferable.
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1.) A decentralized internet takes us back to a freer internet where the user is rewarded directly for his contributions. Whether you contribute by viewing content, making content, or creating apps that facilitate interactions on the internet, the ādecentralizationā puts the money and power back in the hands of the ālittle guy.ā So companies like Google, youtube, and Facebook will no longer be able to steal, censor, and force advertising on users while taking all the value away for themselves.
2.) A token is the store of value that creates liquidity on the network.
3.) Use an Etherium ERC20 standard language write a Solidity or Viper code smart contract and launch it on the Etherium Network.
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Possibility to monetize the activity. So that also small companies can easily attract new users -> early adopters.
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Token is digital asset, that is built on top of another network, such as etherium.
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By using etherium network with some of etherium standards throw smart contract.
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1. What are the benefits of web 3.0 (decentralized internet)?
- Blockchain as plat-form for investment, where Dapps can be built upon it for different services.
2. What is a token?
- A Smart contract for specific crypto currency, built upon Ethereum ERC-20 standard.
3. How do you create a token on Ethereum?
- By using ERC-20
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- the protocols have value; users can get incentiviced; small newcomer project may compete agains industry giants, and grow steadily
- cryptocurrencies (or digital assets) that are created on a protocol/blockchain (like eth, or eos or aion), that they are using (and not having their own blockchain)
3)via smart contract; its quite easy, you can use a standard-contract and alter it with the parameters of your own ERC-20 token, parameters are i.e. name, symbol, circulation supply
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Free markets creating new economic models, tokens, and use cases
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Tokens are built on top of cryptocurrencies that support smart contracts
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Using ERC20 standards
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- The value is in the protocol which allows the network effect to play an even bigger role on incentivizing early adopters to join the community.
- A token is a representation of value from a blockchain through a digital scarce asset. It can be fungible or non fungible and determine ownership in the network.
- You can create a token in Ethereum through deploying smart contracts on ERC20 for fungible tokens or ERC721/233 for non fungible.
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Homework on Web 3.0, and Tokens - Questions
- What are the benefits of web 3.0 (decentralized internet)?
Decentralizing the internet would bring the same benefits that decentralizing any ledger would bring. Making it more trustless and immutable. - What is a token?
A token is a currency built on Ethereum it a similar blockchain network that is tradable and sometimes has a specific usecase, associated with a specific dapp. - How do you create a token on Ethereum?
Create a smart contract using Solidity or a similar language written to a specific standard such as ERC-20
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- What are the benefits of web 3.0 (decentralized internet)?
This empowers more individual reward and takes the control away from centralised entities such as Facebook and Google. It encourages a broad range of developers to offer incentives through tokens for people to adopt different economic models - What is a token?
As part of a decentralised application (DAPP), developers provide tokens to users so that they can interact with the service on offer. Most tokens are built on the Ethereum blockchain using ERC-20 protocol but they all have different use cases to attract adopters. Early adopters are incentivised because they can earn greater rewards than later adopters - How do you create a token on Ethereum?
There are 2 types of token, fungible and non-fungible. Fungible tokens are created using the ERC-20 protocol and non-fungible tokens use the ERC-721 or ERC-1155 protocols
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1. What are the benefits of web 3.0 (decentralized internet)?
Web 3.0 takes the monopolistic power away from the establishment and places it in the hands of the people. It provides a level playing field on which newer, younger companies can innovate and introduce new websites, communities, features, and incentivize early adopters via crypto tokens. It also provides options for those who are concerned about their privacy and data to āvoteā for and utilize platforms which will respect the usersā best interests rather than the corporate overlords who are profiting from their āold guardā power structures.
2. What is a token?
A token is a digital asset belonging to a particular crypto platform or dapp. It can be a coin, but can also be a digital collectible, a reward point, or some other unit of value that can be transferred among users on the network.
3. How do you create a token on Ethereum?
To create a token on Ethereum, you would adhere to a protocol such as ERC-20 (or others) which sets out a standard for defining smart contract attributes such as name, symbol, total balance, number of decimal places, etc. This is what makes it possible to quickly use any ERC-20 token with a variety of dapps and wallets.
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