Homework: Web3.0 and Tokens

Ethereum 101
#101

  1. The benefits of Web 3.0 take the value out of the applications on the protocol to the protocol. Which will take the profits out of the hands of the few large corporations and to the users that was not possible until cryptocurrencies/tokens. This provides an opportunity for new applications to gain a footing in the market by rewarding users for their participation.

  2. A token is a representation of currency in a specific ecosystem.

  3. A token on Ethereum is created through a smart contract with the ERC20 standards. Unless you’re creating tokens for gaming then either a ERC721 or ERC1155 Standard is used.

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#102
  1. What are the benefits of web 3.0 (decentralized internet)?

On Web 3.0 decentralised internet, small companies will be able to compete with the giants.

Network effect: With Web 2.0 there is very little value in being an early adopter.

With Web 3.0, using cryptocurrency, it enables you to get a lot of financial value as an early adopter.

  1. What is a token?

A smart contract built on top of ethereum. that represents value in an economic model.

  1. How do you create a token on Ethereum?

Use Solidity programming language

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#103
  • What are the benefits of web 3.0 (decentralized internet)?
    • Protocols are rewarded rather than apps.
    • Users are rewarded rather than providers.
    • Early adopters can earn more and push network effect.
  • What is a token?
    • A token is a digital asset that rides on a blockchain.
  • How do you create a token on Ethereum?
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#104

The value is rewarded at Protocol level and to the users;
Cuts the Middle man off;
Early adopters can be reward by their efforts of promoting the network;
Easier to new entrants to compete with established companies;
Trustlessness or Decentralization.
2.
Token is a digital asset accepted in the platform that allows you to perform some functionality; it is programmable money that complies with coded specifications, it can be built in Platforms such as NEO, NEM, EOS, and others
3.
By coding a smart contract with Solidity on the EVM.

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#105

web 3.0 will allow users to profit from their activity
a token is a fungible asset that can be created and traded.
through a smart contract.

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#106

  1. With Web 3.0 the technology will have a value with the grow of the adoption, instead of just giving value for ideas built on top of that technology. Small companies can grow with the help of the communities and small investors can enter in the beginning and invest on ideas they like. The decentralized internet is made for everyone and not just for big companies.

  2. A token is a digital asset that is built on top of a platform such as Ethereum

  3. A token is created by programming a smart contract on Ethereum network via ERC20, for example.

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#107
  1. What are the benefits of web 3.0 (decentralized internet)?
  • The protocol (e.g., ethereum) has the ability to be valued greater than the apps running on top of it since the apps depend on the protocol and also need to pay gas to execute smart contracts
  1. What is a token?
    A “coin” that is created by a Dapp/Smart Contract running on top of a base protocol like ethereum. ETH is a coin and everything else on top that represents value is a coin
  2. How do you create a token on Ethereum?
    Smart Contract/Dapps create tokens using one of the token standards like ERC20
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#108
  1. value is captured at the protocol level rather than the application
  2. A token is a fungible or non-fungible programmable digital asset that represents value on a blockchain protocol
  3. Is created by a smart contract and coded using the ERC20 standard
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#109

  1. decentralized internet would allow for small companies to compete with faceboook/google etc bringing about more freedom for the individual.

  2. its a crypto asset that is built on smart contracts on ethereum’s platform etc.

  3. you use solidity which creates a smart contract with a fungible token

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#110
  1. What are the benefits of web 3.0 (decentralized internet)?

Less power at the hands of individual businesses and persona. More power in the hands of the users. Wit decentralized apps, for example, we see more transparency, less censorship and better rewards for created value.

  1. What is a token?

An asset made on top of a coin like Ethereum.

  1. How do you create a token on Ethereum?

By creating them via a smart contact, mostly by using a standard like ERC20.

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#111
  1. What are the benefits of web 3.0 (decentralized internet)?
  • Web 3.0 is thee future of the internet, where applications become smarter, more private, and more decentralized. As new infrastructure and platforms come online the experience of using the internet will change. Web 3.0 seeks to change and create more open and transparent internet
  1. What is a tokens?
  • A token is either a fungible or non fungible programmable asset that is created on the Ethereum or other Blockchain network
  1. How do you create a token on Ethereum?
  • A token on Ethereum network is created using the Smart Contracts coding
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#112

1, Allows value to be captured in the base layer of the protocol and enables a decentralised ecosystem that cannot be easily controlled by one entity.
2/3, a token is used by a smart contract utilising the EVM ERC20 protocol. It has value associated to the application use of the smart contract. A token can use ERC20 which is fungible or ERC721 or ERC233 both of which are non fungible.

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#113

  1. What are the benefits of web 3.0 (decentralized internet)?
    It allows for competition to the bigger dominating companies in various fields as smaller companies can create their own tokens, use case and community.

  2. What is a token?
    A smart contract built on top of the web 3.0 protocol.

  3. How do you create a token on Ethereum?
    Build it as a smart contract on top of Ethereum.

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#114

  1. The protocol itself gets part of the value created, which enables smaller companies/org/etc to compete with the giants (google, facebook etc.) It stimulates/incentivises early adoption.

  2. A smart contract built upon a platform like Ethereum, and distributes value in the form of cryptocurrency. The token has the properties specified in the contract, for example fungible, -non-fungible.

  3. By implementing a smart contract based of of one of the token standards, ERC20, ERC721, ERC165, ERC777 etc.

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#115
  1. The people and orgs that are creating the foundations like DAPPs, tokens, platforms and users are receiving much of the rewards for the use of the network.
  2. A token is ether a fungible unit (ether) which units are identical and can act as a coin or non-fungible in which case each token may have unique properties. Tokens are the units of measure that a blockchain runs on.
  3. Pretty simple in some ways. Here is blockgeeks.com example.
    https://blockgeeks.com/guides/ethereum-token/
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#116

  1. The web 3.0 includes Dapps which allows the tokenization of websites. Users of a website can now be rewarded in tokens.

  2. A token is a type of smart contract running on top of the Ethereum network.

  3. You create a token on Ethereum by writing the ERC 20 code.

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#117

  1. The earnings and money to be made comes to the one who deserves in it from the beginning. Where up on everything is build.

  2. A token is a smart contract running on the ethereum blockchain.

  3. By creating a smart contract (could be a dApp).

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#118

Ability to build dapps which are decentralized
an asset that is stored on the ethereum blockchain
with a smart contract

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#119
  1. Avoiding monopoly of the internet communities or applications
  2. Token is incentive transacted in decentralized web network for the operation
  3. Token can be issued by SC typically under one of standards like ERC20
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#120

the benefits of web 3.0 include incentivised attention such as the brave project or the steemit project which pay you for your time. Another benefit is that all transactions occuring are decentralized and immutable.

a token is a coin that in created in a smart application

you create a token on ethereum by creating a smart contract which a token is created in the erc20 format

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