Homework: Web3.0 and Tokens

Ethereum 101
#1348

  1. Not controlled by a centralized entity that has monopoly like Google, Facebook, Twitter…

  2. A currency used by a smart contract or dApp than runs on top of ethereum. It can be used by a dApp to create its own economy on top of ethereum and incentivize users to use it.

  3. By creating smart contracts on ethereum.

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#1349

  1. What are the benefits of web 3.0 (decentralized internet)?
    web 3.0 is a way allows the infrastructure creators to profit off the underlining tech. Unlike web 2.0 where no one is making money of http:

  2. What is a token?
    A token is protocol run on the EVM that rewards user for completing contracts.

  3. How do you create a token on Ethereum?
    Using ERC20 or other Ethereum token standers you can create a Token that runs on the EVM network.

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#1350
  1. its decentralized, anyone can participate, value can be created and incentives programmed so that the playing ground is more fair and me and you can compete with the big tech giants. Everyone has a chance of capturing value, not only the behemots of web 2.0
  2. A token is a coin built on a decentralized platform such as ethereum or polkadot
  3. You write a smart contract, for instance erc-20
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#1351

  1. A benefit of web 3.0 is that the profits that sites or applications generate can be much more easily distributed to a large number of people via crypto currencies. This will incentivise early adopters onto platforms which would normally have more difficulty attracting a user base from zero when much larger platforms already exist.

  2. A token is a programmable digital asset.

  3. Tokens can be created by creating smart contracts and programming logic into the rules of their use.

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#1352

  1. Web 3.0 allows the protocol creator to take participate in the value chain by issuing tokens which applications(Dapps) need to consume if they want to use the network. Early adopters are also incentives by being awarded more tokens in the beginning before greater adoption takes place.

  2. Token is issued by a smart contract. Tokens can be fungible and non-fungible. It depends on which ERC standard the token operates in.

  3. A token is created in Eth by creating a smart contract that uses the ERC20 standard which operates as a fungible token.

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#1353

1. What are the benefits of web 3.0 (decentralized internet)?
The benefits of a decentralized internet would create opportunities for small companies to compete with enterprises organisations, like Google, Facebook, Expedia, and more.

Another benefit is that those enter early one ‘early adopters’ are incentivised to engage with the new platform thus being rewarded with a higher number of tokens and in some cases bonus tokens, which would decrease in distribution as the project goes into more mature stages of development of the platform thus making those initial tokens more valuable as well.

2. What is a token?
A token is a cryptocurrency/digital asset (fungible or non-fungible) that is developed using a smart contract (Ethereum, EOS, etc.)

3. How do you create a token on Ethereum?
A token can be created on Ethereum by writing a smart contract which has the logic and number of tokens “hard coded” in the smart contract.

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#1354
  1. What are the benefits of web 3.0 (decentralized internet)?
    You can get the value from your website
  2. What is a token?
    A crypto currency made by another crypto currency
  3. How do you create a token on Ethereum?
    With a dapp or smart contract
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#1355

  1. Web 3.0 allows for the creation of unique economies within services/websites which have their own incentives, use cases and governance through crypto currencies. These can be used to incentive users to be early adopters of services and reward users, leading to more competition, better ecosystems where all parties are compensated for their contribution to the network and less monopolies.

  2. A token is a crypto currency that is made and deployed on an already existing blockchain. They are used as an asset or for specific use cases within the applications and ecosystems that they were built in.

  3. A token can be created on Ethereum by writing a smart contract with Solidity and deploying it on to the Ethereum network.

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#1356
  1. What are the benefits of web 3.0 (decentralized internet)? [Andy] The baseline protocol will get rewards and provide more incentive for early adopter to promote a certain token or project.
  2. What is a token? [Andy] Tokens are different used in different dapps built on blockchain network.
  3. How do you create a token on Ethereum? [Andy] Fungible token can be created following ERC20 where NFT can be created using ERC1155 or ERC721
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#1357

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

Because it is decentralized removes intermediaries and anyone with knowledge can use and benefit from it.
All in all, it gives the opportunity for small businesses to emerge and be economically independent from the big players.

2. What is a token?
A token is a digital asset (fungible or non-fungible) that is developed using a smart contract on a main blockchain (ethereum, EOS, Tron, etc.)

3. How do you create a token on Ethereum?
A token can be created programming a smart contract in Ethereum blockchain using ERC 20 standard to program (fungible token) or ERC 721/ERC 1151 (there are others) to program non fungigle Tokens (NTF’s). In order to program a smart contract you will need to use the programming language “solidity”.

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#1358

The benefits of web 3.0, the decentralized internet, are that the internet can now be better monetized, at the protocol level. It also allows small entities to have a better shot at competing with larger corporations, and generally removes the middle person from transactions.

A token is a piece of currency created through a smart contract, to be used on a specific network.

To create a fungible token you write a smart contract on the Ethereum blockchain in the ERC20 standard format. Non-fungible tokens follow ERC721 or ERC1151.

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#1359

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

The benefit of Web 3.0 is that it is decentralized leading to there being healthier and fairer monetization all over which will be more easily accessible all over the world. It takes away the control and bias of the modern day giants like google and youtube and allows everyone a shot at competing from a business point of view. Improve the cost of many services by removing the “middle man” or unnecessary third parties from the equation acting as custodians or guardians or referees. It is a web that is blockchain based meaning there is no need to trust anyone, everyone will be able to check everything for themselves on the blockchain.

  1. What is a token?

A token is like a program written on top of a smart contract which also acts as a fungible or no-fungible currency. Some see the tokens similar to shares in stocks because the value of the token should increase over time depending on the overall success of the project or company they are native to. The most useful and successful tokens will be more like native fuel or pre-programmed parts like clogs in the machinery of each smart contract/project, allowing these smart contracts to be executed using built in functionality within the standards of certain protocols like ERC 20 for example.

How do you create a token on Ethereum?

Using a programming language like solidity, non fungible tokens can be made and built as part of smart contracts built on top of the ethereum protocol using EVM reading bytecode and following ERC 20, ERC 1155 or ERC 721 standards.

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#1360

  1. The main benefit of web 3.0 is that it will allow value to be capture at the protocol layer. The main problem of the current internet is that all of the value falls into the application layer, resulting in tech giants like google, facebook, and Apple. Web 3.0 will allow individuals to compete with tech companies by integrating payment solutions into the protocol layer so that they can exchange currency peer to peer.

  2. A token is a cryptocurrency which is built upon an existing blockchain platform that is NOT the platform’s native token. (Ether = coin, any ERC-20 = token)

  3. You can create a token on ethereum by with a smart contract that follows any ERC-token standard.

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#1361
  1. Web 3.0 will allow smaller players to compete against much larger companies. It will also allow for the underlining protocols to profit from their value, unlike “https” with web 2.0.
  2. A token is a digital asset built on network like Ethereum.
  3. A token is created with a smart contract.
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#1362
  1. Benefits of the web 3.0 are decentralisation of authority, no single company controls the data flows and decisions, and economic incentives can be distributed to early adopters to promote new technologies and truly compete with internet giants
    2- a token is a smart contract built on top of Ethereum which creates its own economics and infrastructure
    3- you create a token on Ethereum by programming a smart contract, following one of the available standards, for example an ERC20 token
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#1363

  1. What are the benefits of web 3.0 (decentralized internet)?]
    This would give the opportunity for small companies to compete with large corporations such as Amazon or Google. Early adopters are rewarded with tokens that later in a platform’s life cycle, when adoption has increased and the value of those tokens have as well.

  2. What is a token?
    Is a digital asset created by a smart contract, built on top of a blockchain network.

  3. How do you create a token on Ethereum?
    Its created through a smart contract using standards like ERC20.

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#1364

1.What are the benefits of web 3.0 (decentralized internet)?
We have decentralized web that can give opportunity to small
companies and for large compaines also like Facebook , Google and ect .

2.What is a token?
Token is a digital asset that represent some value or with utility

3.How do you create a token on Ethereum?
You can create a ERC20 token or a ERC721 on
Ethereum by programming a smart contract

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#1365

money goes top p2p instead of one company

token is a another type of cryptocurrency built on eth network

using a smart contract

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#1366

  1. A decentralized web that will allow creators and to benefit in the early adapters stage to get value from the onset. An example would be deploying a token economy network platform that rewards users in the network.

  2. A token is a programmable asset managed by a smart contract. It can be of value, a reward, or can grants users certain access like licences to software programs.

  3. A token can be created on Etheruem network, mostly likely using a specific programming language.

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#1367
  1. What are the benefits of web 3.0 (decentralized internet)?

One of the main benefits is how “value” is captured. In the internet 2.0, the value was captured by large centralized organizations like Facebook and Google and not by the underlying networks of the internet like TCP and HTTP. Web 3.0 allows for participants in the network protocols, like Bitcoin and Ethereum, to capture value.

  1. What is a token?

A token is a unit of value that is built on top of a network, like Ethereum. A token built on Ethereum, for example, is created through a set up standards and then the token is used to power a decentralized application.

  1. How do you create a token on Ethereum?

You can create a token on Ethereum by following he standards of the ERC20 token code. There are specific standards related to supply, how to transfer tokens from one account to another, and how to check the balance. This code can then be dployed on the Ethereum network as a smart contract and then that token can be used in a decentralized application.

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