Homework: Web3.0 and Tokens

Ethereum 101
#1550
  1. What are the benefits of web 3.0 (decentralized internet)?

the value is found on the protocol-level, meaning everyone is basically incentivized to build out the network more equitably

  1. What is a token?

a token is a smart contract deployed on a smart contract platform such as ethereum

  1. How do you create a token on Ethereum?

you deploy a smart contract abiding by one of the token standards (or make a new one, if you want) onto the mainnet of ethereum

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#1551

  1. Web 3.0 decentralised technology develops a much more community-minded society where own projects and creativity can possibly compete with monopolising giants from the web 2.0. like google and FB. Inter- and multi- whatever can meet on chain to help and boost each others on a new more alive internet of programmable money layer(s), and get also financially rewarded by doing so.

  2. Token are smart contracts built on top of Ethereum or other blockchain. They represents digital assets with unique - non-fungible - or interchangeable - fungible - ownership.

  3. To create a token on ethereum, like it is open-source code and like we consider we would have an ingenious juicy idea, I would say: click and click to copy and paste, add a pinch of own smart contract (the programmed great idea into it), frame the game-numbers of ours in it and free the token. How? I have no clue.

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#1552

  1. What are the benefits of web 3.0 (decentralized internet)?
    TRANSPARENCY, FEWER MIDDLEMEN, PRIVACY. DATA OWNERSHIP & SHARING, INCENTIVIZE CREATORS
    Web 3.0 is the future of the internet, where applications become smarter, more private, and more decentralized. As the new infrastructure and platforms come online, the experience of using the internet will change dramatically. Todays internet is an amazing resource, and it enables us to do amazing things. However, it also requires us to give enormous amounts of date to middlemen companies who aren’t transparent about their practices. Web 3.0 seeks to change that and create a more open and transparent internet.

  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?
    A token can be created as a smart contract in Ethereum. The source code of the contract can be found in ethereum.org/token location.

#1553
  1. Monopoly of few companies will cease to exist which promotes privacy, security and innovation. Underlying protocols will be able to generate money unlike in Web 2.0.
  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. Tokens are created by writing smart contracts by hard coding the logic and number of tokens.
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#1554

  1. Web 3.0 is shaping up to create a decentralized internet, this is good for users and smaller companies. Users are incentivized to try new offerings from smaller companies as early adopters. There is normally an economic incentive to being an early adopter, this is done through the use of rewarding earlier users with more tokens in the initial life of the platform.

  2. A token is a smart contract with fungible (uniform) or non-fungible tokens (unique items, normally used for art or gaming). The token can represent monetary value, physical objects, digital objects, or as a gauge of reputation.

  3. Tokens are created using smart contracts on the ethereum platform, generally speaking they will use the token standards: ERC-20, ERC-1155, or ERC-721

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#1555
  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 smart contract that has been built on a protocol layer blockchain, ETH, NEO, EOS, that follows a set of standards, most commonly ERC-20, that allows it to hold and transfer value.
  3. A token on Ethereum is created by means of a smart contract and coded in accordance with specific standards such as ERC20.
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#1556
  1. What are the benefits of web 3.0 (decentralized internet)?

Decentralization in the internet space gives everyone the same shot, eliminating the competitive edge giant corporations have due to their size. It also benefits those who get in new platforms early by being incentivized to use it in exchange for a higher number of tokens than later when the platform has become more mainstream and the token value has risen.

  1. What is a token?

A fungible (or not) digital asset that is not a currency, created through a smart contract.

  1. How do you create a token on Ethereum?

Though a smart contract - piece of code that creates the function for it to operate/exist/work.

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#1557
  1. Benefits of the web 3.0; when a Dapp succeed, Ethereum succeed too, all win value, not just the big ones like on web2.0 fb or google as example.

2.A token is a small contract with value.

  1. Token are coded as sc in Ethereum.
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#1558
  1. the infrastructure can be monetized.
  2. a asset that is created on the ETH blockchain.
  3. Usung Smart Contracts.
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#1559

  1. The benefits of Web 3.0 include a financial incentive to use the product. The ‘user’ is being rewarded for contributing (they store value) rather than the mainstream source getting all the reward (platform holds value).Also, people can make things completely independently from a main source.

  2. A token is a NFT or fungible asset that is created on a digital blockchain network. Non-fungible tokens are unique, and fungible tokens are all uniform.

  3. To create a token on Ethereum you use a set of instructional code and inputs to create and run a smart contract on Ethereum. This code has to meet standards. The tokens created have to be within the standards of ERC20 (Fungible) and ERC721/1155 (Non-fungible) tokens.

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#1560
  1. you can make apps easily
  2. a token is an app, dapp, or SC that runs under a coin.
  3. you use SCs.
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#1561

Q1. What are the benefits of web 3.0 (decentralized internet)?
Web 3.0 development provides following benefits:

a. As the development is on decentralised network, there is no need of permission to develop, deploy and run smart contracts
b. Ethereum blockchain is a decentralised network of computers hence provides high availability of smart contracts
c. Ethereum is turing complete and hence any programs/Dapps/smart contracts can be developed

Q2. What is a token?
Tokens are a representation of a particular asset or utility that usually resides on top of another blockchain. Tokens can represent basically any assets that are fungible/non fungible and trade able, from commodities to loyalty points etc.

Q3. How do you create a token on Ethereum?
Tokens are created when a Smart Contract developed in one of the standards like ERC20,ERC721, ERC223 etc. is implemented on Ethereum blockchain network.

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#1562
  1. Web 3.0 accomplishes that anyone can participate and profit from things like social networks and other inventions because of decentralization. You can be part of the internet instead of just using it.
  2. A token often represents a share of a project. You can buy it (or earn it if the dApp allows so) and in this way actively become part of it.
  3. You can create your very own token with a smart contract.
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#1563

1.We are moving through a revolution that can completely change our lives. Web 1.0 focused on developing basic technologies and the ability to connect through the Internet. Web 2.0 took advantage of what Web 2.0 has to offer. However, it was mainly controlled by organizations and corporations for their own benefit. Web 3.0 brings back the human aspect by providing privacy and security to users rather than making corporations like facebook or google ( i am so excited this great)more powerful. The vision of Web 3.0 with the introduction of blockchain and bitcoin, the vision and focus have completely changed. Now, Web 3.0 focuses more on the decentralized features that blockchain has to offer. Web 3.0 will bring a pro-privacy and antitrust structure to the web, with Web 3.0, end users will have full ownership of their data, with a decentralized network, it will be easier for applications to work on different devices and platforms, such as TVs, smartphones, etc. Finally, The idea behind Web 3.0 is to empower blockchains that do not need a central authority.

  1. A token is a unit of value that an organization creates to govern its business model and empower its users to interact with its products while facilitating the distribution and sharing of benefits among all those who participate.

3.A token is created from a smart contract or “Smart contract” that is deployed on the ethereum blockchain.

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#1564
  • What are the benefits of web 3.0 (decentralized internet)? Building you own niche economy within your own decentralized ecosystem. (smart contract, web, etc)
  • What is a token? Digital currency based on a blockchain with smart contracts that is used within your niche economic ecosystem
  • How do you create a token on Ethereum? Using Ethereum standards to create the specific token you want to use within your dapp.
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#1565
  1. It’s the fact that the network carries the value instead of a small group of Apps like what happened in web 2.0. Given there is an incentive to participate, it’s a foundational advantage to be part of the web 3.0 ecosystem
  2. It’s a digital asset that has a supply
  3. You create a smart contract that complies with the ERC20 standard
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#1566

1.- Transparency, censorship, independent from centralized companies as removed trust, privacy, economic-ideas-culture freedom.

2.- It is an asset, stores value in ti, this value could be represent in different features as money, reputación, objets…The unit of a balance is a token. It can be fungible or non-fungible.

3.- A token can be created by a smart contract in ETH, using one of the tokens standards.

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#1567
  1. Value is no longer captured by companies building ontop of internet protocols, but by the protocols themselfs
  2. A digital asset on Ethereum or another smart contract platform
  3. It only requires a simple piece of code to create a token
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#1568

Indeed sir, but could you please explain a little bit more about what is that simple code that is required?

If you have any more questions, please let us know so we can help you! :slight_smile:

Carlos Z.

#1569
  1. Gives incentives to early adpoters and allows competition againts internet giants like facebook and google
  2. a digital asset on top of a coin (ETH is a coin) (AKRO is a token)
  3. It is created using a smart contract
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