Homework: Web3.0 and Tokens

Ethereum 101
#945

so are you saying that basically when you create for a brand new address (that you might have technically generated yourself)… and then if you search for it in a block explorer that the block explorer really just puts an on-the-fly placeholder page for it ?

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#946

[quote=“filip, post:1, topic:8447”]

  • What are the benefits of web 3.0 (decentralized internet)?
    With web 2 the financial winners were the protocols like facebook where the users would not benefit financially or get rewards from using the platform, with web 3 the end users and the dapp developers are all financially winning, its a win win
  • What is a token?
    A token is a smart contract/Dapp layer 2 protocol built on top of a layer 1 blockchain or network
  • How do you create a token on Ethereum?
    You build a smart contract/dapp using an ERC standard, depending on it being fungable ERC20 or not. ERC721(nft), 1155(nft)
#947
  • What are the benefits of web 3.0 (decentralized internet)?
  • What is a token?
  • How do you create a token on Ethereum?
  1. In contradiction to the current web structure where centralized apps get paid by cleverly preying on the user, decentralized internet incentivises the user to invest in protocols with the potential for their own financial reward for using d’apps built on smart contract platforms.
  2. A token is basically a fungible or non fungible currency developed from a smart contract built on a platform with a programming standard.
  3. You build a smart contract using the Erc20 programming standard
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#948
  1. What are the benefits of web 3.0 (decentralized internet)? Allows individuals to earn value and compete with big competition - the bulk of the value is at the protocol level
  2. What is a token? Programmable digital asset that’s created by a smart contract
  3. How do you create a token on Ethereum? Use specified protocols (e.g. ERC20 for fungible and ERC721 & ERC1155 for NFTs)
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#949

  1. decentralized, peer-to-peer, less barrier to entry, ownership of data, no censorship, assets (smart contracts; tokens) on the netwrok

  2. a token is a smart contract the collateralize anything and runs on the netwrok.

  3. by programing a smart contract using the relavent standard.

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#950

The block explorer just queries a blockchain node, fetching the data for that particular address, and renders it accordingly. If there is no data in the blockchain to display, this means this address has never been used.

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#951

Actually, the ERC-1155 standard was meant to combine both fungible and non-fungible tokens!

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#952
  1. The benefits of decentralized internet will come from new and exciting applications being created and becoming more and more popular through the network effect. also early adopters of these applications will be rewarded.
  2. Tokens are digital assets created using a smart contract on a blockchain.
  3. A token is created on the blockchain using solidity through industry standards protocol like ERC20 which will allow the token to be easily connected to wallets update balances and so on.
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#953 
What are the benefits of web 3.0 (decentralized internet)?


    - Open, Trustless, Permissionless networks
    - Value and incentives can be given to content creators 
    - Data can become distributed and essentially holographic where networks can self heal
    - It is more difficult to censor making data available to everyone 

What is a token?

    
    - A Token is smart contracts which lives on the Ethereum ( or other blockchain ) network

    A Token can fulfill several roles suck as a Toll, Voting Rights, Value Exchange, User Experience Enhancement, and more


How do you create a token on Ethereum?

    Using the Remix IDE you can develop a Solidity smart contract following the ERC-20 Token Rules.
    You would then deploy it on the Ethereum network
    
    The ERC20 standard consists of 3 optional rules and 6 mandatory rules. To be ERC20 compliant you must have the 6 mandatory rules; totalSupply, balanceOf, transfer, transferFrom, approve, allowance. The optional rules are Token Name, Symbol, Decimal ( up to 18 )

    You can also create ERC1155 and ERC721 tokens
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#954
  1. It allows smaller firms to compete with the larger firms through incentives
  2. It is built on smart contract platforms like Ethereum.
  3. It can be created via smart contracts with a standard interface.
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#955

  1. Unlike regular old internet, web 3.0 is much more transparent and it allows anyone to participate in building applications on top of it and others to support them as early adopters and being able to participate in the evolution and be part of their monetization policies.

  2. A token is a digital asset, just like a regular cryptocurrency, but it is built on top of an existing cryptocurrency platform (like Ethereum) by creating a smart contract.

  3. A token can be made by coding up a smart contract and deploying it to the Ethereum blockchain.

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#956

1 : running dapps, no centralised entities. MOIP, Money over internet protocol. Allow users to be rewarded for their time and share of data. Like getting rewarded in BAT for watching an ad on the brave browser.

2: a Dapp created on top of a standard protocol. Like the ethereum protocol, eos, Cardano etc.

3: by running code, written in Solidity (ethereum programming language) and by signing up for the Ivan on Tech academy and watching the ethereum programming course :rofl:

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#957

hi

Thanks for helping out with that

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#958

  1. Much less need for middle men, less gatekeepers, more access for everyone. Less fees, more transparency, more censorship resistant internet.

  2. A token is a “unit of account”, for ex. used in dApps, games or such. They can be used to facilitate trade or investing, for ex. a start-up project can reward their users in Tokens that will become tradeable against goods or services at a later point in time, incl. before these goods or services exist. I also find the comparison to “coupons” useful.

  3. An easy way to create a token on Ethereum is to create a smart contract, using the ERC20 token protocol. Practically this can be very easy, taking open source code from github and adapting it to your own needs. You mostly have to decide on some key metrics (for ex. how many tokens will be created in the beginning) and modify the code respectively. Then you compile the code from Solidity to Byte Code and have it run on the EVM and your token will be live.

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#959

a more even playing field that allows more competition early adoption rewards incentives limited inflation

a token is a smart contract or a dapp built on top of a currency such as ETH

you create a token n ETH by with a smart contract which you use for design and deploying your token

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#960

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

The benefits of web 3.0 are the creation of the token economies by small startup businesses, allowing them to compete with already well-established tech giants such as Google, Facebook, etc. Incentives for early adopters can be very rewarding if the token/platform is successful and gains mass adoption.

2. What is a token?

A token is a smart contract that defines and represents its own cryptocurrency.

3. How do you create a token on Ethereum?

Platforms (such as Ethereum) that allow for the programming of smart contracts (via a programming language such as Solidity or Viper) make it possible for a token to be programmed in any way desired. Ideally, a developer should conform to the ERC20 standard, which defines how tokens are to programmed in order to provide uniformity and ease of adoption within the Ethereum ecosystem.

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#961
  1. What are the benefits of web 3.0 (decentralized internet)?
    This would give opportunity for smaller companies to compete wit large ones. Early adopters are incentivised to use the new platform as they will receive more tokens then later when adoption has increased.
  2. What is a token?
    A token is a digital asset, just like a regular cryptocurrency, but it is built on top of an existing cryptocurrency platform (like Ethereum) by creating a smart contract.
  3. How do you create a token on Ethereum?
    A token can be made by coding up a smart contract and deploying it to the Ethereum blockchain.
1 Like
#962

  1. There are many benefits of a web 3.0 (decentralised internet). The creation of huge centralised monopolies will in theory no longer be so overwhelming profitable and that wealth may be distributed among the participants of the decentralised applications as well as the underlying protocols. Security of the systems are also increased by the decentralised nature and censorship will be decided by those running the protocols rather than centralised authorities (depending in the protocols governance).

  2. A token is a representation of a currency or digital asset on the Ethereum and other networks. Most of today’s blockchain projects have a token economy on the Ethereum network. A token can be unique, for example a unique item within a game (called a non fungible token), or something fungible like the coin of a currency.

  3. A token created on the Ethereum network is a simple smart contract written
    to recommended ERC20 token standards and executed by the EVM.

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#963
  1. What are the benefits of web 3.0 (decentralized internet)?
    A: Data ownership and sharing, Privacy, Incentive creators
  2. What is a token?
    A: A token can have a use case within a network, and also be used to provide incentive on the network
  3. How do you create a token on Ethereum?
    A: A token can be created as a smart contract in Ethereum.
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#964

  1. Web 3.0 has its value based on the network, so the more apps that are created on top of that network the higher its value. The network also has its own currency which people invest in, early adopters have a chance to benefit from helping small businesses grow through crowd funding (such as icos).

  2. A token is a contract/asset based on the coin related to a specific blockchain which has a higher function built into it.

  3. You create a token on ethereum by writing a smart contract in solidity according to the ERC20 guidelines and then deploy it into the blockchain.

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