Homework: Web3.0 and Tokens

Ethereum 101
#141
  1. What are the benefits of web 3.0 (decentralized internet)?

Web 3.0 will be designed to capture value on protocol level, meaning that it will allow developers, content creators, users, investors and advertisers to earn money via smart contracts without any intermediaries. For example, it will help small businesses and content creators to compete with big companies by incentivizing early adopters with greater number of tokens and will reward users for their attention and active involvement on Web.

  1. What is a token?

A token is a digital asset (fungible or non-fungible) created on Ethereum blockchain or any other blockchain network that support smart contracts.

  1. How do you create a token on Ethereum?

A token on Ethereum is created by programming smart contract code (such as ERC20) and deploying it on Ethereum network

#142
  1. What are the benefits of web 3.0 (decentralized internet)?

In Web 2.0, the value of http and CTP was harnessed by the applications that utilized them such as Facebook, Twitter, Whatsapp Google etc. Creating DAPs (decentralized applications) in what is called Web 3.0 will benefit companies/investors by harnessing the value in the protocol by:

    1. Incentivising users: placing value on users’ contributions to a site – be that comments/photographs/’likes’/searches – the value being transferred in a specific token to the contributor.
    1. Increasing ownership rights – placing value on what users want to divulge about themselves, gives the contributors privacy choices on whether that should have any value (the option to earn something from it or simply opt out).
    1. Increasing competition: creating similar platforms to existing monopolies but by using a different business model to grow from scratch will allow smaller entities to potentially compete with companies such as Facebook.
    1. Disintermediating intermediaries: DAPs can create their own economy and disintermediate banks, insurance companies, administrators by distributing funds automatically as soon as certain conditions are met within the contract.
  1. What is a token?

A token is a smart contract written on top of a decentralised blockchain such as Tron, Eos or Ethereum. These tokens are fungible or non-fungible digital assets which use each blockchain’s individually standard functions.

  1. How do you create a token on Ethereum?

Tokens can be created on Ethereum by using smart contracts.

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#143
  1. internet could be more decentralized. Small businesses could compete directly by being able to scale efficiently on chain. Early adopters are incentivised to contribute to early projects as more of the tokens are available in the early stages.
  2. A token is either fungible asset or a non fungible asset token. fungible for currencies and nft for unique items
  3. token is created with an ethereum smart contract using rules that are programmed into the smart contract.
#144

1- Moves the value to the protocol level
2- Cryptocurency created using smart contracts
3- Create smart contract and implement common list of rules like define methods, which are used by the smart contract.

#145

1 No one company owns it, great for small company, incentive for early adoption.
2 Is cryptocurrency, (fungible or non-fungible) created on Ethereum or another blockchain.
3 By building a smart contract on Ethereum.

#146
  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 than later in a platform’s life cycle when adoption has increased and the value of those tokens have as well.
  2. A token is a cryptocurrency that is built on top of a coin. For eg, Ether is a token which is built on ethereum the coin
  3. A token can be created on ethereum using smart contract
#147

  1. What are the benefits of web 3.0 (decentralized internet)?
    the democratization of money, data privacy, the adding of smart contracts to organizations and Dapps, it opens new markets based on decentralized technology bringing the internet of money and the internet of value

  2. What is a token?
    it’s a type of cryptocurrency built on top of a platform like ethereum, they can be programmed to show many different behaviors through smart contracts

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

#148

1. What are the benefits of web 3.0 (decentralized internet)?
More individuals and smaller companies will be able to economically benefit from web 3.0 rather than a few companies as we see with web 2.0.
2. What is a token?
A token is a type of smart contract for the purposes of creating a cryptocurrency built on top of an existing blockchain network.
3. How do you create a token on Ethereum?
This can be done using a smart contract on Ethereum.

#149

It doesn’t have to be an erc20 token standard to make a token. There are other standards as well, like erc1155 to create non fungible tokens. these can represent an unique item in a game or something. You can just make a smart contract to create a token, but it’s better to use some ERC known standard so that most wallets can support the tokens

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#150

Web 3.0 prevents censorship of participants, increases efficiency of transactions, democratizes and allows for access 24/7 365.
A token is a decentralized application running on the Ethereum blockchain
A token can be created with simple code that conforms to the ERC20 standard.

#151

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

  • The monopoly of a few companies will dissapear.
  • Incentive to early adopters who are helping small business grow.
  • Underlying protocols will be able to generate money, what failed in web2.0
    What is a token?
    A token is built on a smart contract on top of a protocol as ethereum for example.
    How do you create a token on Ethereum?
    By creating a smart contract on the ethereum blockchain
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#152
  1. You can have your own decentralized website and crypto currency. More efficient web browsing, privacy, incentivized creators, less middlemen and more innovation.
  2. Digital assets that are built on top Ethereum blockchain.
  3. A token can be created as a smart contract using the ERC20 Standard.
#153

  1. What are the benefits of web 3.0 (decentralized internet)?
    We can build descentralized apps and webs

  2. What is a token?
    A token is a cryptocurrency that a dapp wich is built on top of ethreum use. So eth is the cryptocurrency and what is built on top is tokens.

  3. How do you create a token on Ethereum?
    By building a dapp on top wich uses its own cryptocurrency-token.

#154
  1. 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.
  3. Tokens are created by writing smart contracts.
#155

I was wondering just that, if it was necessary to stick to one of the standards, thanks for the help

#156
  1. network protocol monetization and early adopter incentives
  2. A token is a cryptocurrency residing on some other blockchain(distributed ledger) not its own.
  3. A token is created on Ethereum with the Solidity language hopefully following one of the standards like ERC20.
#157

Homework on Web 3.0, and Tokens - Questions

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

The advantage of web 3.0 is that the protocols can capture value instead of just the applications like google, facebook and whatsapp that use these protocols.

  1. What is a token?

A token is a smart contract build on top of a blockchain as a second layer Like ERC20 on ETH.

  1. How do you create a token on Ethereum?

By creating a smart contracts in DApps as second layer on top of e.g the ETH network. These tokens can be fungible (ERC20) and non-fungible (ERC721 and ERC1155).

#158

  1. Web 2.0 created an environment where a few companies could make huge amounts of money off of personal data. Web 3.0 allows the “little guy” to be able to make money off of their own data using tokens. Examples are Steemit and the Brave browser.

  2. Ethereum is a currency/coin. Smart contracts on the Ethereum platform are called tokens.

3)You can create a token via a smart contract on the Ethereum platform

#159

Homework on Web 3.0, and Tokens - Questions

  1. What are the benefits of web 3.0 (decentralized internet)?
    No central authority, tokens flow to the users and providers of for example content, early adopters incentified to use.
  2. What is a token?
    Smart Contract, code based on one of the standards for example ERC20, ERC1155 NFT second layer solution
    ETH is the currency. EOS is the currency and tokens are build on blockchain of EOS in C++
  3. How do you create a token on Ethereum?
    Smart Contract build Solidity code
#160

1.decentralized internet or webb3.0 could revlutotionaize the world by taking the power from the big gaints like facebook or google and let regular people earn as they do
2.a token is a insentive for users one differnet dapps ex
3.by creating a dapp where you can interact whit the tokens or just by the gas bill :slight_smile: