Homework: Web3.0 and Tokens

Ethereum 101
#1288
  1. The benefits of Web 3.0 are as follows

  • There is more transparency in the exchange of data, as it is forced to work through consensus instead of being centrally controlled and moderated by an admin team

  • Web 3.0 has a counter to the network effect that promotes the centralization of platforms by giving users some value for participating with and contributing to the network

  • Has the potential to reduce the power of currently existing massive companies with market caps greater than the GDP of most countries

  1. A token is a store of value that represents a cryptocurrency on a smart contract platform such as Ethereum.

  2. Tokens may be programmed with smart contracts to one of the ERC standards, depending on your desired implementation.

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#1289

i m trying to learn blockchian by exploring it .

#1290

  • What are the benefits of web 3.0 (decentralized internet)?
    The most important benefit is decentralization. Economic power is more distributed and the value of the network increases with more adoption and support. Economic rewards start at the protocol level.

  • What is a token?
    A token is a smart contract of a particular digital asset. It is developed on the blockchain network using a standard framework that makes it either fungible or non-fungible.

  • How do you create a token on Ethereum?
    You write a smart contract using a standard protocol such as ERC20 to include all required features.

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#1291
  1. The main benefit of Web 3.0 is that it gives power to the people, where in opposite, in Web 2.0 all power (and value) went to applications and theirs CEOs. Beside this, Web 3.0 is more decentralized and it creates opportunities for the people, like never before in history, to gain economic power (in tokens) just by being early adopters of some network that will later become a huge so that the value of token will also rise.
  2. Token is a smart contract created on top of protocol layer blockchain (ETH, NEO, EOS…)and it has a monetary value. It can be called cryptocurrency. Also, token can be fungible or non-fungible.
  3. A token on ETH is created by programming Smart Contract with instructions compiled into ByteCode (in order to the EVM to read and execute those instructions), utilize standard ERC20.
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#1292

  • What are the benefits of web 3.0 (decentralized internet)?
    With DAPPS now allows users to be rewarded from their input or contributions to the network.

  • What is a token?
    A token can be created when a smart contract is created.

  • How do you create a token on Ethereum?
    By building DAPPS or smart contracts on top of ETH platform / network.

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#1293
  1. The benefits of Web 3.0 is that smaller players can attract new users by offering real financial rewards. This also gives the platforms realistic methods to judge the value of the content that users are adding, so can offer real benefits.
  2. A token is a currency based on an actual coin that implements a smart contract to handle it.
  3. A token can be created by implementing a smart contract using one of the token standards like ERC20, ERC721 and ERC233
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#1294

1.Transperancy, no middle man, and small companies are independent from big corparations.

2.Token is built on smart contract platforms like Ethereum, EOS etc. It’s a programmed money of fixed supply based on smart contract.

3.A token can be created on Ethereum using a smart contract

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#1295

1 What are the benefits of web 3.0 (decentralized internet)?
value is captured by both the protocol and the user rather than the tech giants

2 What is a token?
a token is a digital item which has value (actual or perceived) and can be transferred

3 How do you create a token on Ethereum?
using a smart contract and set template

1 Like
#1296

  1. It would allow for economic equality allowing smaller companies to compete with larger ones because they are offering economic incentives.

  2. A token is a currency that is built on top of the Ethereum platform.

  3. Using smart contracts and DAPPS.

1 Like
#1297
  1. gives incentives for early adopters
  2. a token is a coin used by smart contracts
  3. by making a smart contract on Etherium using ERC20
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#1298

What are the benefits of web 3.0 (decentralized internet)? This gives end-users of apps on a decentralized platform that they themselves can earn revenue and benefit from (like the social network platform, Steem). This allows end users to become stakeholders of a platform like Ethereum.
What is a token? A token is a programmable smart contract that is built on top of a decentralized platform like Ethereum.
How do you create a token on Ethereum? You can create a token on Ethereum by using the ERC20 standard.

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#1299

Homework on Web 3.0, and Tokens - Questions

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

Answer: Unlike web 2.0 where the developers of HTML didn’t benefit like the user like Facebook and Google, Dapps benefit of their creations.

  1. What is a token?

Answer: smart contract, digital asset

  1. How do you create a token on Ethereum?

Answer: You can use erc20 standard to get started and solidity to program the nuances/details.

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#1300
  1. There are no middle men reaping the profits.This also helps smaller businesses grow because there is a huge incentive to be an early adopter of a new platform. More peer to peer
  2. A token could be a currency or an asset built on Ethereum following the ERC20 standard. It could serve some utility function on DAPPs.
  3. You deploy a smart contract issuing the token with the ERC20 token standard.
1 Like
#1301

What are the benefits of web 3.0 (decentralized internet)?
A- Transparency: you can follow your own data and inspect the code behind the platforms you choose to use.
B - Fewer Middlemen.
C - Privacy.
D- Data Ownership & Sharing.
E - Incentivize Creators.

What is a token?
Any asset that is digitally transferable between two people is called a token, also token are digital units of value that are recorded on a distributed ledger protocol such as a blockchain.

How do you create a token on Ethereum?
A token can be created as a smart contract in Ethereum.

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#1302

  1. What are the benefits of web 3.0 (decentralized internet)? - you are able to capture value in a secure and trustless way.

  2. What is a token? - smart contracts built on eth

Can you say that a token are a DAPP?

  1. How do you create a token on Ethereum? - you program a smart contract with Solidity that is translated into byte code that can get executed on the eth blockchain.
1 Like
#1303

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

Blockchain Technologies benefits, Decentralized Applications, individuals are free to design their own payment algorithms,

What is a token?

Token is digital crypto currency asset being developed by smart contracts.

How do you create a token on Ethereum?

Tokens are being created as smart contracts in Ethereum.

do:
      Design individual payment algoritm,
      Write as a code in solidity or Viper,
      Compile to Bytecode.
if:
      The code is proper for the standards

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#1304

Q1- What are the benefits of web 3.0 (decentralized internet)?

In web 2.0 all the value went to the applications running on the protocols but in web 3.0 this will be reversed: most of the value will be captured by the protocol layer. Further, we will not only have decentralized websites – we’ll have decentralised applications and decentralised websites e.g. Steemit via which the creators / contributors directly monetary benefit (in the form of tokens) from their contributions as the network grows. It’s a different economic model to the indirect benefits of being on centralised web 2.0 e.g. youtube.

Q2- What is a token?

It is a programmable digital asset. It can be a part of an economic model that is running on a smart contract platform e.g. ERC20 token smart contracts on Ethereum or as a fractional part of an asset in the real world e.g. artwork.

Q3- How do you create a token on Ethereum?

You use the ERC20 standard (for fungible tokens) or ERC721 / ERC1155 for non-fungible tokens (useful for unique items in gaming for example).

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#1305
  1. Web 3.0 will allow new ideas and use cases the ability to compete in an open market without the out sized influence of big money or governments.
  2. A token is a smart contract on the ethereum blockchain that adheres to the ERC20 protocol.
  3. A token is created by writing a smart contract under the ERC20 protocol and then committing it to the ethereum blockchain.
1 Like
#1306
  1. With Web 3.0 the smaller businesses have the ability to gain users by offering incentives to join. With this the smaller businesses have the chance to go up against the big companies. with the smart contracts and dapps, they offer a more secure a trustless way to use the world wide web.
  2. A token is a cryptocurrency that is built on a network like Ethereum. it can be non fungible or fungible.
  3. A token is created on the Ethereum network by using the ERC20 standard.
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#1307
  1. Web 3.0 enables developers to enter spaces currently dominated by large centralized corporations by capturing value at a more local level. It also bring the security and trustlessness of decentralization, further enables free commerce between users.
  2. A token is a programmable asset. In the context of this course, tokens are assets such as erc20 coins or NFTs made with smart contracts on the ethereum framework.
  3. Ethereum tokens are made by using smart contracts in accordance with an Ethereum standards such as erc 20 or erc 777.
1 Like