- What are the benefits of web 3.0 (decentralized internet)?
- Web 3.0 captured the value of the Protocol where Web 2.0 failed to. The decentralized nature creates opportunities for smaller business to compete the same way as Early adoptors are incentivized to use a new platform by offering intensives (financial rewards).
- What is a token?
- A token is a currency built on top of an underlying protocol such as Ethereum. They are made up of Smart Contracts that contain addresses & balances. Tokens can represent a physical asset or digital object in a game built on Ethereum that has value.
- How do you create a token on Ethereum?
- By implementing Smart Contracts on Ethereum using standards such as ERC20 & ERC721.