- Protocols are now able to make money unlike previous webs the apps were making the money (big company) while http made nothing, web 3 introduction has ETH as the main protocol and sub dapps are derived from ETH making protocol more valuable as app value increases
- A token is a DAPP off the ETH protocol that is fungible or non fungible asset
- Tokens are created with implementation of smart contracts through one of the ERC Standards 20 721 233
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- What are the benefits of web 3.0 (decentralized internet)?
A. A major benefit of decentralized internet is that it allows rewards to early adoption users thus creating an incentive for widespread use. This ultimately creates an internet ecosystem where smaller businesses can compete with giant corporations.
- What is a token?
A. A token is a resource that is treated most commonly as a digital currency but can be anything fungible and tradeable. They are rewards for contributing data use to the network.
- How do you create a token on Ethereum?
A. A smart contract detailing the functions and protocols can be written and then is implemented through incentivized users across the network by providing rewards for their interaction.
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- The benefit of web 3.0 (decentralized internet), the protocols will have an opportunity to capture the value where it is only captured by applications like Google, Facebook, WhatsApp…etc in web 2.0. And it also gives an opportunity for start-up companies to grow their economy fast and they could even able to compete with big companies.
2.token is a cryptocurrency that is developed using a smart contract on Ethereum or other blockchains that support small contracts. - token is created by writing a smart contract using one of the token standards like ERC20, ERC233, and ERC721
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- Lower the barrier for entry to participate in a particular industry. Also have
standard and more efficient flow of information and documentation. - nonfungible or fungible asset created on the ETH blockchain
3.tokens are created with functions under the ERC20 token standard
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- What are the benefits of web 3.0 (decentralized internet)?
Reduce middlemen and monopolies, decentralised nature encourages reward for early adopter.
- What is a token?
Digital asset created on a blockchain network
- How do you create a token on Ethereum?
With the use of a smart contract
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What are the benefits of web 3.0 (decentralized internet)?
A. Most of the value is captured at the protocol level. As it is decentralised, there is more incentive for small businesses and early adopters. -
What is a token?
A. A token is a digital asset which relates to a smart contract or decentralised application build on the Ethereum protocol. -
How do you create a token on Ethereum?
A. Tokens are created by writing smart contracts
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1.What are the benefits of web 3.0 (decentralized internet)?
The fundamental protocol has value.
In Web 2.0 HTTP and other protocols could not gain value but in Web3.0 Ethereum and other protocols has the most value.
2.What is a token?
Token is a digital asset issued on the Dapps created on top of Ethereum or other smart contract protocol.
3.How do you create a token on Ethereum?
You write a smart contract following rules like ERC20 and define it inside.
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What are the benefits of web 3.0 (decentralized internet)?
Small companies can now create an Economic Model where they can provide incentives for people to use their Network or Dapps. So Web 3.0 can now provide value at the Protocol level and small companies can now compete with the likes of Google and Facebook who have the value in their Applications on Web 2.0.
Also people who use the Network or Dapps can be provided reward for use and content - whereas on Web 2.0 we are providing our content and growing large company value for free. -
What is a token?
A token is a smart contract built on the Ethereum Network. -
How do you create a token on Ethereum?
You write a smart contract using code standards. eg ERC 20 for fungible tokens.
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- The benefits of Web 3.0 are shaping up to bring needed competition for the Web 2.0 giants who have been raking in humongous amounts of cash off the backs of the 2.0 developers. Web 3.0 is adding value to the ethereum protocol and the tokens/Smart Contractsc built on top of ethereum.
- A token is a form of cryptocurrency that may be fungible or nonfungible.
- Tokens are generated as Smart Contracts on top of ethereum.
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1 the benefit is that no company could have the monopoly of the entire internet
2 a token is a subcurrency programmable digital asset of the ethereum network
3 with a smart contract respecting the erc20 standard
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- Web 3.0 allows for smaller entities to compete with large corporations via a transparent and secure environment that allows content creators to own and profit from their contributions where previously only the large centralized entities could dominate and manipulate this space.
- Tokens are representations of an asset or a utility in a particular ecosystem created via a smart contract and can be either fungible or non-fungible.
- A token can be created on Ethereum via Solidity utilizing the ERC-20 Standard
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Middlemen will be cut, since there’s no need for multiple checking (no trust involved) while at the same time protocol creators will be rewarded, unlike in 2.0. Also small players will have better chances to get a shot.
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Tokens are the “currency” used in smart contracts build on top of the network, unlike “coins” that are used on network level.
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By adding a token standard to your smart contract and fulfilling the requirements.
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- Web 3.0 gives facality to execute decentrialised activity based on smart contracts, thus providing the small industries to compete with Big organisation and end the monopaly of these organisations.
- Tokens are applications based on smart contract which has specific use case for which it is programmed for.
- Tokens are created on Ethereum platform in standards like ERC20, ERC721 etc. via smart contracts.
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- Web 3.0 incentivizes users through financial rewards as opposed to building and using a platform controlled by larger companies that are centralized determined how those rewards are handed out on their platform.
- A token is either a fungible or nonfungible digital asset that is created on the Ethereum blockchain.
- A token can be created by implementing a smart contract using a standardized language such as ERC20 .
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- What are the benefits of web 3.0 (decentralized internet)?
Among other benefits, distribution of value is potentially more decentralized to the network creators and users, among the application providers. Opposed to web 2.0 where the applications capture all the value.
- What is a token?
A digital token is a representative aspect of an underlying dataset/blockchain/smart contract. It may abide by certain standards common in the industry such as the ERC20 standard.
- How do you create a token on Ethereum?
A token can easily be programmed and distributed on the Ethereum network, coded using the ETH native language solidity. The token can be constructed using a specific “standard” having its attributes applied to the preset functions of said standard.
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1. What are the benefits of web 3.0 (decentralized internet)?
Web3.0 is more beneficial for participants as it can have economic incentives implemented on the protocol level.
2. What is a token?
A programmable digital asset (fungible, non-fungible) that represents some value on the blockchain.
3. How do you create a token on Ethereum?
You create a smart-contract that adheres to some standard, such as for example ERC20.
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1. growing out of current monopoly of internet by giant companies (FB, Google, etc) / the value is assigned to the protocol and contents and dapps rather than the a central company with full control of user data.
2. token is a smart contract that operates on a established blockchain to transfer financial values.
It can transfer financial values in fungible or unfungible form (same value OR different value)
3. by creating a smart contract
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- What are the benefits of web 3.0 (decentralized internet)?
Web 3.0 will allow more people to profit off of the protocols the internet runs on.This makes it easier for smaller companies to be competitive against larger corporations who solely act as middleman or function facilitators.
- What is a token?
A token is a possible output of a smart contract on a smart contract platform. Tokens follow specific standards for max efficiency. ERC-20, ERC-721, ERC-1125 as examples. A token can represent different things depending on the standard used. ERC-20 is the fungible token standard where each token is a copy of the last and they all represent equal value. 721 and 1125 are examples of non-fungible token standards. Each on representing a unique asset or value. Tokenizable assets: Art, Real Estate, Contracts, Stocks,
- How do you create a token on Ethereum?
A token is created on the Ethereum blockchain by writing a smart contract that follows a specific set of standards. With the contract written and compiled it can be propagated to the nodes as a transaction with no recipient. If accepted and ran by the EVM it will have been deployed.
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allows for small business to compete with giant corporations and be reward financially rather than them.
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A token in a smart contract built on the ETH network with it’s own value (crypto currency)
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A token is created by writing a smart contract with Solidity on ETH using ERC20 standards.
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- What are the benefits of web 3.0 (decentralized internet)?
- in web 3.0 the value created by the protocol goes to its users rather the application operator as its decentralized .
- What is a token?
- a token is digital asset created on blockchain it could be fungible or non fungible .
- How do you create a token on Ethereum?
a token is created by creating a smart contracts on Ethereum.
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