Homework: Web3.0 and Tokens

Ethereum 101
#1388

  1. What are the benefits of web 3.0 (decentralized internet)?
    The big difference with Web 2.0 is that monetization can be capture at the infrastructure level.

  2. What is a token?
    It representS a fungible asset created to be used on top of a blockchain like Etherium.

  3. How do you create a token on Ethereum?
    Token are created by using smart contracts.

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#1389

1. What are the benefits of web 3.0 (decentralized internet)?
incentives for early adopters and small business so they can compete with big company like google
2. What is a token?
a token is a value that is created on the top of the blockchain
3. How do you create a token on Ethereum?
a token can be created using a smart contract on Ethereum

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#1390

  1. The benefits of web 3.0 is the ability to create value directly on the internet at the protocol level of cryptocurrency technology.

  2. A token is a piece of code representing a unit within a protocol or smart contract, typically it has some value (i.e. fiat, cryptocurrency, driver’s license, pharmacist license, university degree, stocks, property deeds, insurance policy, etc etc). It is a programmable digital asset.

  3. There are two ways to create an Ethereum Token: via a smart contract, or by using the ERC20 standard.

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#1391

  1. The benefits of decentralised internet is that you can also benefit for providing your data, it is at the hand of more people and not controlled by giant tech companies, there is less censorship, it is trustless etc.

  2. A token is a digital asset created in a smart contract. They can be fungible or NFT

  3. The easy way will be to use token factory wich has an easy interface or you could code it following the standards and rules of ERC tokens

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#1392
  1. What are the benefits of web 3.0 (decentralized internet)?
  2. What is a token?
  3. How do you create a token on Ethereum?

1 - The possibility of transfering property thru the protocol, by property meaning a share of a finite (quantity defined) resource, so the protocol holds value, “methods” and “properties” not possible with neither internet 2.0 or 1.0.
2 - A token is a representation of a resource in the Ethereum blockchain, it can be fungible (ERC20), where it represents a share of something not differentiating each share, or not fungible (NFT) where the share has different properties than the other shares.
3 - You create a token on ethereum by writing a smart contract, where you can specify the quantities, and the type of the token, and other properties.

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#1393

  1. The benefits of web 3.0 are:
    A new Token economy paradigm allowing the protocol capture value.
    The ability for smaller entities to compete with large centralized institutions.

  2. A token is a programable abstraction representing a unit of value, permission, or an object in the real world.

  3. Tokens are created in Ethereum by using one of the token protocols defined in a smart contract.

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#1394

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

    The benefits of the Web 3.0 are that there is no central authority
    monitoring, regulating, recording, selling, misusing user’s data and
    profiting from user’s on the blockchain internet. The blockchain internet
    ensures data security and ownership of one’s own data.

  2. What is a token?
    A token represents a programmable digital asset. Said differently, a
    token is a piece of code with instructions and its own currency.

  3. How do you create a token on Ethereum?
    Create a token on Ethereum by using the standard rules of ERC20 to
    create a smart contract and give it it’s own currency.

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#1395
  1. What are the benefits of web 3.0 (decentralized internet)?
    Benefits of web3.0 is decentralization and de-monopolizing the tech giants of the current world.
  2. What is a token?
    A token is basically a smart contract or a project’s own cryptocurrency
  3. How do you create a token on Ethereum?
    You create a token on Ethereum using a smart contract.
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#1396
  1. The protocols get rewarded, not the applications build on it. For example the http protocol. The money was made with building on it like facebook or google, but the protocol itself doesnt get any reward from that. It is also possible to build applications and reward customers so the insentive to get a early adopter and get rewarded with the coins is much higher. What will allow startups to compete with the big players.
  2. A token is a digital asset or curreny build on a standard like ERC20 on Ethereum.
  3. By using a smart contract.
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#1397
  1. You can invest in the protocol, Ethereum and get rewarded if the applications on top of it grows because they have to use Ethereum (gas). Demand grows-> gas usage grows>- Ethereum grows in value (in theory).
  2. A smart contract built on top of Ethereum. ERC 20, ERC 721 and ERC 1155 are examples.
  3. You build a smart contract and deploy it on the Ethereum network.
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#1398
  1. Monetizing your protocol, rather than letting monopolies take all the value and profit.
  2. An asset built on top of a smart contract platform like ETH, which can be monetized.
  3. With a smart contract.
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#1399

  1. Web 3 enables smaller protocols to gain value by giving real financial incentives to early adopters. Web 3 is the key to blockchain. Anyone can create their own cryptocurrency or tokanise some kind of value on various platforms like etherium. It’s the mainstream future.

  2. A token is a unit of value created on top of Ethereum by a smart contract. Its generation, destruction and virtually any behavior of it can be controlled by the smart contract.

  3. You create a token on Ethereum using the solidity programming language to create a smart contract. you then set the standard to either ERC20 for fungibility or the ERC721 / ERC1155 for non-fungible tokens.

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#1400

  1. What are the benefits of web 3.0 (decentralized internet)?
    Smaller companies being able to compete with the Larger ones. With the ability to offer economic rewards to early adapters.

  2. What is a token?
    A token is digital currency created in a smart contract on top of a coin (protocol).

  3. How do you create a token on Ethereum?
    By using solidity and writing a ERC20 standard program and creating a smart contract. The code can be programed for total supply of the token and other operation instructions you want to be executed on the Ethereum network.

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#1401

What are the benefits of web 3.0 (decentralized internet)?
Answer: Smaller companies can compete with larger ones via the incentive structure possible on Web 3.0. Rather than most of the value being collected by apps like Google and Facebook in Web 3.0, the protocol layer and the users of Web 3.0 are incentivised to be early adopters and promote adoption, and receive value in return for their participation. Other benefits: not able to be censored, programmable money, decentralized authority, more competition, greater efficiency, lower cost.

What is a token?
Answer: A token is a smart contract piece of code running on ETH.

How do you create a token on Ethereum?
Answer: You can use the ERC20 protocol standards to create a smart contract on ETH with a total supply of tokens.

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#1402
  1. Big companies like google and facebook will no longer be able to capture all of the value, nor will they be able to control who can post and what can be posted, no central entity will be able to as value will be distributed among users and content rules can be written into the smart contract to forbid certain content and to change that the entire network must agree or a fork is created.
  2. A smart contract deployed on top of a platform like ethereum, tron, eos etc etc
  3. By deploying a smart contract which represents a token
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#1403
  1. What are the benefits of web 3.0 (decentralized internet)?
  2. What is a token?
  3. How do you create a token on Ethereum?.

1.The ability to create DAPS

2.Tokens are created by coins likle ETH its a coin and the rest of the ERC20 are tokens

  1. smart contracts create Tokens
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#1404

  1. A decentralized internet would give the opportunity for smaller companies to compete with large corporations. Early adopters are incentivized to use a new platform as they will be rewarded with a higher number of tokens.

  2. A token is a cryptocurrency/digital asset that is developed using a smart contract .

  3. token is created on Ethereum using a smart contract

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#1405
  1. What are the benefits of web 3.0 (decentralized internet)?
    The value of the platforms is more evenly distributed within the marketplace because there is no centralized authority.
  2. What is a token?
    A token is a currency that is issued on top of another block chain.
  3. How do you create a token on ethereum?
    Anyone can create a token using different token standards.
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#1406

  1. The benefits of web 3.0 when compared to web 2.0 is that the protocol can capture the value of the application’s built on top of it. This prevents monopolies by allowing economic incentives to be implemented by startups to gain an edge over the current tech giants. The decentralized nature and creativity in economic models that can be implemented in dapps will add a new dimension to tech both benefitting customers and users as well as developers.

  2. A token is a smart contract/dapp that is deployed on a programmable block chain such as etherum and eos.

  3. Tokens are created by deploying smart contracts/ dapps to the network by utilising a turing complete language such as solidity.

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#1407

  1. What are the benefits of web 3.0 (decentralized internet)?
    The benefits are huge!
    Firstly, with web 3.0, many people are experimenting with very niche economic models.
    You can create your own economy on top of Etherium - when you build an application on top of Etherium - the value of your application increases as the value of Etherium increases.
    If you are able to create your own economy through tokens, you can also take your own economy anywhere with you so long as you have your pass phrase in your head.
    Websites and dapps are decentralised.

  2. What is a token?
    A token can be described in two ways: as a set of instructions, written in code and deployed in a smart contract, or
    As a a smart contract - which is a piece of code that contains a set of commands.
    ERC-20 token contracts come with a number of functions to allow users to find out the balances of accounts as well as to transfer them from one account to another under varying conditions. These functions are described below.

When the ERC-20 code is used, it defines two events that must be triggered when the contract takes the relevant action.
The first event is Transfer() which emits details of the movement of tokens from one address to another.
The second event is Approval() which emits details of approvals from one address to another.
These can be used to keep track of balance and allowance changes for addresses without needing to poll the blockchain.

  1. How do you create a token on Ethereum?
    To create a token on Etherium use the ERC-20 Standard code. Create a smart contract.
    Minting tokens emits a Transfer() event with the 0 address as the source.

There is no event emitted when tokens are burned. Due to this, ERC-20 token contracts that burn tokens commonly transfer() the tokens to the 0 address in lieu of real burning.

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