Homework: Web3.0 and Tokens

Ethereum 101
#1450

  1. It is possible to create smart contracts and dApps. The benefits usually goes to protocol developers. Previously on Web 2.0 all the gains went to applications and giants such as google, facebook etc, but protocol developers got nothing. On web 3.0 protocol developers gets the most gains.

  2. Token is cryptocurrency which can be fungible or non-fungible and is developed on smart contract platforms such as Ethereum.

  3. Ethereum uses the ERC20 standard for fungible token creation. Token is created by writing smart contracts.

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#1451
  1. Can capture value and create incentives through crypto currencies to incentivize participation / also harder to shut down or stop by outside forces as not centralized
  2. a unit of value created by an ERC20 contract. Can be fungible (as in currencies) or non-fungible, as in NFTs.
  3. an erc20 contract
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#1452
  1. Dynamic, transparency, make money
  2. A token is a coin& smart contract built on top of blockchain such as ERC 20 built on top of Ethereum
  3. You follow the ERC20 guidelines to create your own smart contract
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#1453
  1. Benefits:
  • The protocol/infrastructure that powers Web 3.0 captures the value of the ecosystem (http/tcp did not capture any value for Web 2.0).
  • A decentralized network is censorship resistant and resilient, as it is distributed across geographical areas.
  • Participants of the network are incentivized to provide value, as the rewards are distributed to them too, e.g. for being early adopters, investors, content providers, liquidity providers, hardware providers, etcā€¦
  • Web 3.0 should promote more competition in the space, with respect to the current oligopolistic status quo of the corporations that dominated the Web 2.0 space (e.g. Google, Facebook, Amazon).

  1. A token is a programmable digital asset tied to a particular project, which usually allows the incentivization of activities that will allow the project to grow.

  2. On the Ethereum network, a token is created by opening a smart contract adhering to the ERC20 standard (now the newer standard ERC777, which is backward compatible with ERC20, is available).

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#1454

  • What are the benefits of web 3.0 (decentralized internet)?
    It evens the playing field by permitting individuals and small companies to compete with large established corporations as early adopters of the token economy.

  • What is a token?
    A token is a cryptocurrency/digital asset that is developed using a smart contract on a blockchain platform like Ethereum or other.

  • How do you create a token on Ethereum?
    A token can be created on Ethereum by writing and running a smart contract on the Ethereum Blockchain in Solidity (programming language) using one of the token standards: ERC-20, ERC-721 or ERC-1155.

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#1455

  1. What are the benefits of web 3.0 (decentralized internet)?
    being a decentralized internet it removes the middle man which makes it more efficient,reduces costs and because it is on the blockchain it is secure, can not be censored(trustless) and can compete with the big organizations

  2. What is a token?
    a token is a currency, a digital asset that is created by a smart contract built on the blockchain network

  3. How do you create a token on Ethereum?
    you create a token on Ethereum by a smart contract using the ERC20 standard

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#1456

  1. What are the benefits of web 3.0 (decentralized internet)
    decentralization will remove the barriers to entry that are always put in place by the established players working to become a monopoly (Microsoft, Apple, google etc). proper decentralized web has no gate keepers, equal access, more innovation, more competition and larger variety of choice for the users.

  2. What is a token?
    A token is a currency built on a smart contract, it can be fungible or non fungible.

  3. How do you create a token on Ethereum?
    On Ethereum you create a smart contract using a standard ERC-20 for currencies or ERC-721, ERC-1155 for non-fungibles

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#1457
  1. Some benefits are that the value is now captured at the protocol level. It is ubiquitous and allows for interesting economic models and incentives to drive early adoption.
  2. A token is a cryptocurrecny represented by a digital asset that is stored on the blockchain. Tokens allow for additional functionality other than just payment.
  3. You create a DAPP that uses the ERC20 standard by creating and deploying your smart contract to issue the tokens.
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#1458

  1. Web 3.0 provides economical benefits to the protocol (bearers) which is responsible for allowing applications to run on its platform. It allows content providers and participants to get incentives and grow the network. It allows for decentralized applications to be built and operate freely on a versatile platform.

  2. A token is a digital asset serving as a transaction unit on blockchains. Tokens are code created on a standard template (ERC-20, etc), which can be distributed, sold, and circulated.

  3. On Ethereum a token is created by writing a small code using the ECR-20 technical standard.

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#1459
  1. What are the benefits of web 3.0 (decentralized internet)?
    It allows smaller companies to create there own cryptocurrencies allowing them to compete with larger companies. It also provides a trustless and virtually unstoppable economy/network
  2. What is a token?
    A token is a monetized contract built on the erc-20 protocol
  3. How do you create a token on Ethereum?
    You would write a smart contract based on the protocol of choice (ERC-20, ERC-721 or ERC-1155) and have it deployed across the ethereum network
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#1460

  1. What are the benefits of web 3.0 (decentralized internet)?
    Smaller players can attract new users by offering real financial rewards

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

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

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#1461
  1. What are the benefits of web 3.0 (decentralized internet)?
  • DAPPs can interact with the blockchain, taking advantage of its security and trust.
  • Investors can have return of investment at protocol level (unlike other protocols from Web 2.0 - http, tcp, etc.)
  1. What is a token?

A token is a deployed smart contract, that follows a certain standard and can have a balance.

  1. How do you create a token on Ethereum?

By deploying a smart contract which follows a specific standard. Such in the case of ERC20, you would be able to have functions for:

  • finding out a balance for a certain wallet
  • getting total number of tokens in circulation
  • transferring a certain amount from one address to another
  • approval for withdrawing funds
  • minting more tokens under certain conditions
    etc
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#1462
  1. What are the benefits of web 3.0 (decentralized internet)?
    Collaborative makes the whole bigger than its sum. Incentives for the early adopters helping the small project.
  2. What is a token? a digital asset that is fungible or non fungible.
  3. How do you create a token on Ethereum? the token is based on ERC20 standard for a fungible token and other ERC1155 like if it is in a game by example.
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#1463

The users get economically incentivised, no large conglomerates have the monopoly anymore.

  1. What is a token?

A token is a crypto currency built on top of the Ethereum protocol.

  1. How do you create a token on Ethereum?

You use a smart contract using ERC20 standards to create a fungible token.

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#1464
  1. Benefits of Web 3.0 include an economic model where people are rewarded to contribute
  2. A token is a smart contract depoyed on platform like Ethereum, Eos, PolkaDotā€¦
  3. A token on Ethereum platform is created by using ERC-20 standard. It can be also created in your own way but then you loose all the benefits of eth that most of other tokens have, like wallets, exchange adoptionā€¦
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#1465
  1. Incentives for all players to participate in the system.
  2. A fungible or non fungible digital asset you can create on ethereum or other systems.
    3.A token is created through a code based on the ethereum network.
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#1466

  1. the protocol providers capture the value so anyone who has invested in the protocol will also gain if any of the apps based on the prptocol will also win.

  2. tokens are the smart contracts (dapps) that work on the base of etherium and act as different coins.

  3. you use simple standard code of the etherium nerwork and add your terms to it.

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#1467
  1. early adopter benefit, no one point attack risk, you own your data, trustless network,
  2. token is a dapp on the ethereum network.
  3. write a smart contract using the erc20 standard.
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#1468

)What are the benefits of web 3.0 (decentralized internet)?- The web 3.0 inverts the structure of power and allows small companies or individuals to compete with huge players in the market like Google, Facebook, etc.
)What is a token?- A token is a digital asset built on top of the ethereum blockchain.
)How do you create a token on Ethereum?- You create a token by creating a smart contract that implements a series of methods for transferring value, getting the balance of an address, among others. A good practice is to use standards, like ERC20, which enforces you to implement a set of defined methods. This allows exchanges and other apps to support any token instantly because all share the same interface.

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#1469
  1. The protocols are monetized - benefits can be realized by many people instead of a few companies
  2. A token is a digital asset - can be fungible (all alike) or non-fungible (all unique)
  3. Write a smart contract that includes deploying a token
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