Homework: Web3.0 and Tokens

Ethereum 101
#1490
  1. Greater expansion of the free market and giving smaller companies the ability to compete with the large ones
  2. A digital asset with value based on its value in society
  3. By using smart contracts to create ERC tokens
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#1491

1- The benefits of web 3.0 (decentralized internet) allows you to capture value on the protocol level, which was missed in web 2.0. With web 2.0 all value was caputered by the applications instead of the protocol. Early adopters are incentivized by receiving rewards for their usage.

2- A token is a smart contract or Dapp (decentralized application) built on the Ethereum network. Tokens can be fungible, all tokens are the same. Tokens can also be Non Fungible Tokens (NFT), which are used in gaming as a unique item.

3- A token is created on Ethereum by programming a smart contract using the protocol standards.
ERC20 for fungible tokens
ERC721 or ERC1155 for non- fungible tokens (NFT)

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#1492
  1. What are the benefits of web 3.0 (decentralized internet)?

The benefits are that it enables many others to find new ways of supporting and delivering change for themselves and others.

  1. What is a token?

a token is either fungible or non fungible the majority of tokens that have been created for the crypto currency sector are fungible meaning they all have the same value, tokens are created via a set of standards the most recognised is the ERC20 and it is built upon or utilises a blockchain such as ethereum.

  1. How do you create a token on Ethereum?

a token is created by creating a smart contract and it has a number of standards to enable it to be used by the masses, ERC20, ERC721 or ERC233.

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#1493

  1. It is censorship resistant and is able to capture value on a protocol level, which means that by using and contributing to the protocols you can make money.

  2. It is a type of smart contract running on top of a blockchain (e.g. Ethereum)

  3. You run a smart contract on the blockchain.

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#1494
  1. In Web 3.0 the protocol catches most of the value giving incentives to early adopters.
  2. A token is a digital asset built on a smart contract platform
  3. Create a smart contract using an ERC token standard.
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#1495
  1. What are the benefits of web 3.0 (decentralized internet)?
    -It allows the capture of value by the protocol itself. It also allows each protocol to have its own cryptocurrency and its own economic model.
  2. What is a token?
    -A token represents the economic value associated with a specific DApp (which can be built of any number of underlying smart contracts).
  3. How do you create a token on Ethereum?
    -In Ethereum, you can create a token by deploying a smart contract (or DApp which can be a collection of smart contracts) to the Ethereum EVM. Fungible tokens are created using the ERC-20 standard while fungible tokens are created using the ERC-721 or ERC-1155 standard.
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#1496

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

  2. What is a token?

A token is
3. How do you create a token on Ethereum?

#1497
  1. What are the benefits of web 3.0 (decentralized internet)?
    Allows the capture of value that was missed in web 2.0. Early adopters will be incentivized by receiving rewards for usage. This will create a huge expansion for a free market allowing all companies to compete on the same playing field.
  2. What is a token?
    A token is a smart contract or Dapp created on the ETH platform known as ERC20 tokens. Tokens can be fungible which can be used for many things on the network.
  3. How do you create a token on Ethereum?
    Tokens can be created on the ETH network as an ERC20( fungible tokens) or ERC721, ERC1155 (non-fungible tokens).
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#1498
  1. benefits of web 3.0 are uncensored content, it allows for economical dynamics, dapps can be used on web 3.0
  2. a token is a cryptocurrency made on a native coin i.e: Ethereum being a coin and all cryptocurrency made off of the ethereum network are tokens.
  3. a token is created on ethereum by programming a smart contract in solidity but it has to have the same token standard using ERC20.
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#1499

  1. What are the benefits of web 3.0 (decentralized internet)?
    A: Smaller companies are given the opportunity to compete with huge ones like Facebook and Google (because of economic incentives that are provided to early adopters–which can help to grow the platform).

  2. What is a token?
    A: A token is an asset that is developed via a smart contract. For example, Ethereum is a coin, whereas something like Enjin, which resides on the Ethereum blockchain, is a token.

  3. How do you create a token on Ethereum?
    A: You can create a token on Ethereum via a smart contract. .

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#1500

1). What are the benefits of web 3.0 (decentralized internet)?
A). Power to the people. Little people can actually take on the big boys and become early adaptors. First In, Make some dosh and exit. Make enough noice and the big boys want to buy you or your company, which can only be a good thing. :stuck_out_tongue_winking_eye:

i) Scalability
ii). Interoperability
iii). Governance
iv). Privacy
v). Sustainability
vi).Adoption & Familiarity
vii).decentralized Internet Stack
2). What is a token?
A). Digital tokens or cryptocurrencies created on blockchains are called blockchain tokens. According to ConsenSys, “The ability to widely sell a produc/asset(s) or access to a product/assets enables companies to overcome capital crunches and bring worthy products to market.”.

3). How do you create a token on Ethereum?
A).create a basic smart conract baced on ETHEREUM erc20 TOKEN STANDARDS including tokenname.

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#1501

1- early adopters are incentivised

2- token is a fungible or non fungiable programmable digital asset

3- By using protocol standards of ERC20 in creating smart contacts

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#1502
  1. Main benefits of web 3.0 are decentralization and rise of digital assets. Currently we have few big companies like Google or Facebook capturing most of value generated by internet. With digital currencies and tokens value created by new endeavours can be distributed more fairly. It incentivise creators to innovate more, because new protocol can be easily monetized. Also early adopters are encouraged to promote new inventions by getting asymmetrical gains.
  2. A token is a digital asset developed by using smart contract upon native cryptocurrency of already existing blockchain.
  3. A token can be created by using smart contract. It’s important to develop it as compatible with one of popular standards, depending on actual use case e.g. ERC20 or ERC721/ERC1155.
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#1503

  1. Web 3.0 allow value to be captured on a protocol level. As well, cryptocurrency give small business/start up an edge over big companies by incentivizing early user/adopters with tokens.

  2. A token is a cryptocurrency that is created by a smart contract which is built on top of the Ethereum network.

  3. A token can be created by using Ethereum’s ERC 20 standard.

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#1504

1.The benefits are we are able to transfer value instead of only information, and possibly replacing what banks do now like sending values, lendings etc. Decentralized webs have the advantage that early adopters are incentivizes so we have some foot on to face giants like google, facebook.

  1. Token is a collection of smart contracts that can perform some instructions to do some purpose.

  2. To create a token on ethereum, we use solidity programming language and follow ERC20 standards

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#1505

  1. What are the benefits of web 3.0 (decentralized internet)?
    Transparency. The benefit of distributed ledger technologies and decentralization in Web 3.0 is that you can follow your own data and inspect the code behind the platforms you choose to use. …
    Fewer Middlemen.
    Privacy.
    Data Ownership & Sharing.
    Incentivize Creators.

  2. What is a token?
    A token is fungible or non fungible digital asset created on Ethereum or other blockchain networks

  3. How do you create a token on Ethereum?
    Via a smart contract using the following standards, ERC20, ERC721 and ERC233.

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#1506
  • What are the benefits of web 3.0 (decentralized internet)?
    By creating value as a layer on the internet. Creating “Internet Money”
  • What is a token?
    A token is a fungible (ERC20) or non fungible (nft) digital assets that is developed on the Ethereum or other blockchain platform.
  • How do you create a token on Ethereum?
    using a token standard like ERC20 to implement a smart contract… which creates the token
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#1507
  1. Web 3.0 allows for users to reward themeselves rather than the provider for their activities.
  2. A token is a smart contract built on top of a protocol such as Ethereum.
  3. You create a token by writing code according to the ERC standard.
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#1508
  1. Most notable benefit is the ability to capture value on protocol level, and the creating the ability to give back value to its users through crypto currency
  2. A token is simply a smart contract that is built on top of an exist protocol.
  3. By building on top the ETH protocol by following correct standards: ERC20, ERC721 or ERC1155
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#1509
  • What are the benefits of web 3.0 (decentralized internet)?
    Decentralize internet, economic incentives directly to the protocol level(ethereum, eos etc)
  • What is a token?
    A digital asset on top of the ethereum protocol is different of ether.
  • How do you create a token on Ethereum?
    With ERC20. A standard for fungible tokens. For non fungible tokens we need another standards on Ethereum
    [/quote]
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