Homework: Web3.0 and Tokens

Ethereum 101
#1168

1.- decentralized internet is more end user friendly allowing to earn tokens or money every time you produce content or share it over the network
2.- token is a smart contract ERC-20 protocol that runs on ETH
3.-you create a token using the ERC-20 protocol, or ERC-1155, or ERC-721 for unique items for gaming

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#1169
  1. With Web 2.0, protocols suchs as HTTP and TCP were introduced. Unfortunately they didnā€™t absorb any of the value they provided to the world. Instead, giant corporations of the likes of Facebook, Google etc captured all this value in terms of revenue.

With Web 3.0, a decentralized internet, we will see value being created at the protocol level, unlike before. So Ethereum, a protocol on which many smart contracts, decentralized apps (DAPPs) and cryptocurrencies are being built on, will become more valuable as the dapps on the network increase in value. The value these protocols provide will be transferred directly to the developers and/or users contributing valuable information to the network (e.g. Steemit).

  1. Building a token on Ethereum involves writing a smart contract according to one the token standards e.g. ERC20 or ERC721.
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#1170

  1. users can be monitise direktley

  2. crypto asset that is bild on coins like eth

  3. smart contrakts

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#1171

1.)
Web 3.0
Decentralized applications, platforms, finances
Takes the influence from the big influential players / cartels and gives it to the small companies and also to the customers/users.

2.)
A Token is a small pice of code (dapp,smart contract), that runs on the Etherium blockchain.
In the case of Steemit and Brave, the tokens are used to reward users because they increase the network effect and give the network value

3.)
You can create a smart contract with solidity (taking the ERC20 / ERC223 standards into account)

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#1172
  1. What are the benefits of web 3.0 (decentralized internet)?

the value creation is fairly distributed among the protagonists.
Value is captured by the underlying protocol and by the dapp.

  1. What is a token?

crypto currency or Dapp build on top of Ethereum blockchain

  1. How do you create a token on Ethereum?

the easiest way to create a token on Eth is to use the ERC-20 standard for the build of the smartcontract, then create a web front-end interface, then you will have a dapp.

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#1173
  1. The benefits of Web 3.0 are:
  • transparency of the code and data of the distributed ledger;
  • decentralization and trustless networks with fewer middlemen;
  • better privacy;
  • data ownership and peer-to-peer communication;
  • business models evolution, new types of business emergence.

  1. A token is a smart contract on Ethereum blockchain for various uses and purposes.

  2. A token on Ethereum is created by using Solidity programming language.

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#1174
  1. Anyone can compete with large corporations. Security and innovation are big players in the success of Web 3.0
  2. A token is fungible or non fungible digital asset created on Ethereum or other blockchain networks.
  3. A token on Ethereum is created using a smart contract and coded in soldity with specific standards such as ERC20 or ERC777.
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#1175
  1. Everything anything is possible. No need for centralized network
  2. A mini economy on top of eth
    . tokens differ in protocols
  3. Using solidity programming
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#1176
  1. The benefits of Web 3.0 include the layer of value, money, on the internet, an increase in peer to peer transaction, removal of the middle man, and itā€™s ability to incentivise early adopters.
  2. A token is programmable digital asset constructed by a smart contract that is built on the Ethereum blockchain.
  3. You create tokens by creating Smart Contracts that follow a standard like ERC-20 on the Ethereum infrastructure. You have to spend ETH in the form of gas to execute the functions of the smart contract.
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#1177

  1. The benefits of a decentralized internet are that users can own/control/monetize their own data. Early adopters are incentivized to participate because they can early money (tokens) for their participation.

  2. A token is a digital asset that is either fungible or non-fungible (in the case of gaming tokens).

  3. A token on Ethereum is created using a smart contract programmed in Solidity.

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#1178
  1. Web 3.00 has web sites and DAPs. Early adopters benefit financialy . It is a PtoP with no one in the middle.

2 A token is fungible or non fungible on Ethereum network.
3. By creating smart contracts some times called daps.

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#1179

  1. Itā€™s the new era of internet building decentralised websites and daps on the Etherium Blockchain, the benefits for developers the opportunity to be rewarded for their efforts towards the development.

  2. A token is a cryptocurrency built on top of the etherium platform and a monetising opportunity for all daps being built on top as well.

  3. ERC20 tokens are created in a code called solidity as a token standard.

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#1180
  1. What are the benefits of web 3.0 (decentralized internet)?

Web 3.0 captures the value at the protocol level and value is not captured by the applications running on the protocol (i.e the middlemen). The benefits this can bring is to allow smaller companies to compete with the large companies as value is transferred peer - to - peer.

Having more companies and less monopoly produces a more resilient economy which promotes more competition, privacy, security, innovation and ultimately more value for all.

  1. What is a token?

A token is a unit of value that is created on top of the Ethereum protocol by a smart contract. The smart contract code will include balances and account addresses. The balance is the amount of tokens that the address holds.

  1. How do you create a token on Ethereum?

A token is created on Ethereum by executing a smart contract. For fungible tokens, the ERC20 standard is used. For non fungible tokens which are popular in gaming, other standards are used.

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#1181
  1. More value to users. Early adopters are rewarded and can invest. Small companies can compete with large companies.
    2-3. Digital asset in the form of a smart contract.
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#1182
  1. A benefit is that people will get rewards by doing certain actions which will incentivize people to keep contributing and staying active also the money goes from A to B with no middlemen involved which creates the trust less enviroment that we all want.
  2. A token is sort of like a cryptocurrency built on a real cryptocurrency such as Ethereum.
    They are developed using smart contracts.
  3. They are created using smart contracts. You can use ERC20 as a fungible standard or something like ERC721 or ERC1155 as some non fungible options (NFTs)
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#1183
  1. What are the benefits of web 3.0 (decentralized internet)?

The protocol is able to capture value of the development.

  1. What is a token?

An application on the Blockchain that creates a unit of value on top of Ethereum. Its design and capabilities are dependent on how the Smart Contract is written.

  1. How do you create a token on Ethereum?

You create a Smart Contract on the Ethereum blockchain.

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#1184

Web 3.0 provides for dApplication and being rewarded with money.

A token represent a project that is built on similar platforms like etherium.

You build a token on Etherium platform by building an application to include the smart contract.

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#1185
  1. The benefits of web 3 are the ability to integrate programmable money with the internet. This can create niche economic models where developers can incentivize early adopters.
  2. A token is programmable money built on a smart contract platform
  3. You create a token on ethereum by creating a smart contract that contains all specifications of the token.
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#1186
  1. The benefits of web 3.0 is that value is coming from the protocal level and anyone can build applications on this new protocol and go directly peer to peer without middle people taking all the value like Google and Facebookā€¦
  2. A token is a fungible or non-fungible digital asset created on the ethereum blockchain via smart contractsā€¦
  3. You create a token on Ethereum by depolying a smart contract using Solidity codeā€¦
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#1187
  1. What are the benefits of web 3.0 (decentralized internet)?
  • Economical services open for everyone to use.
  • Value can be captured on protocol level.
  • We can incentivise use of new platforms
  1. What is a token?
  • A token may be a fungible or non-fungible cryptocurrency or utility token deployed as an smart contract on base protocols such as Ethereum, EOS etc.
  1. How do you create a token on Ethereum?
  • Tokens can be created with a smart contract. Ideally by following the ERC20 standard for interoperability with other contracts.
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