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What are the benefits of web 3.0 (decentralized internet)?
A decentralized internet would give the opportunity for smaller companies to compete with large corporations -
What is a token?
A token is a cryptocurrency/digital asset that is developed using a smart contract -
How do you create a token on Ethereum?
A token can be created on Ethereum using a smart contract
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decentralizaion
token is everything that builds on top of a ethereum with ERC20
withn smart contract and ERC20
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- What are the benefits of web 3.0 (decentralized internet)?
small players can take part, open economy - What is a token?
abstraction of something
digital asset - How do you create a token on Ethereum?
smart contract and erc20
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- One of the benefits of Web3.0 (decentralized internet) is that it is capable of transferring value of the internet from current big corporations to the users.
2.- A token is cryptocurrency on top of a smart contract protocol; most likely Ethereum.
3.- To create a token on Ethereum you deploy a smart contract following the ERC20 standard.
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- has the potential to create new economic and financial systems, new ways of giving/receiving/retaining/establishing digital value
- a token is a digital asset that is programmable and can be built on top of Ethereum
- You can use one of the ERC standards to create either a fungible or a non-fungible token
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1/ gives the possibility to start up compete against giants and possibly become a
2/ It is a reward that gives a dapp and is based or works thanks to the network of a specific coin
3/ We created it with SC and polishing the code in them so that they are safer and so more people use it
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- It would create an opportunity form small companies to compete with large and established ones through incentivizing early adopters. It could reduce middlemen and allow peer-to-peer transactions as well as promote privacy, security and innovation. The underlying protocols will be able to generate money other than it is the case in Web 2.0.
- It is a programmed value that is built on a smart contract platform, and with a use case in its own economic model.
- By creating a smart contract on Ethereum in Solidity, and using a certain token standard e.g. ERC20.
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- What are the benefits of web 3.0 (decentralized internet)?
- They allow the use of blockchain / smartcontracts with all the benefits of not having to trust anyone and the consequent freedom.
- What is a token?
- its a smartcontract built on the top of ethereum
- How do you create a token on Ethereum?
- By programming a smart contract on solidity or Viper so that it can run on EVM
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ey dcota , for 3- , i understood that you can also create a non-fungible tokens with ERC-721 or ERC-1155 as well. Just my comments not sure if thats ok!
Homework on Web 3.0, and Tokens - Questions
1. What are the benefits of Web 3.0 (decentralized internet)?
Web 3.0 is the next stage of evolution for the internet, following on from Web 1.0 (which only featured static content), and Web 2.0, which involved the development of the Java programming language and dynamic web content (forums, accounts, forms etc).
With Web 3.0, value is captured by the protocols that underpin the network, wherein the applications built on top rely on the underpinning protocols for their functionality, and to communicate with other apps on the network.
This is in contrast to Web 2.0, wherein value was captured by huge tech companies, such as Google, Amazon, and Facebook. Given that control is distributed among the users of the network in Web 3.0, (as opposed to central governing bodies and mega-giant corporations), it is easier for smaller businesses to compete in this burgeoning and constantly evolving marketplace.
Given that this transparent, trustless, and unstoppable decentralized economic model empowers the users of the network, it is disruptive to the status quo of the tech and financial industries, enabling early adopters to profit generously from supporting and promoting new innovations in the space.
2. What is a token?
Ethereum itself is a digital coin – ERC-20 tokens are a transactional component of the smart contracts that are built on top of it’s infrastructure.
There are two types of tokens – fungible and non-fungible. Fungible tokens are interchangeable for each other, and are of exactly the same value, whereas non-fungible tokens are distinctive and individual, with their own specific characteristics.
NFTs are often used a lot in games as special items, which can be bought and sold with other players via a marketplace, and are used in-game to enhance and change their character and/or gaming experience.
3. How do you create a token on Ethereum?
Step 1: Download a tried and tested smart contract from a reputable GitHub repository, so that you can use it as the foundation for your own specific contract code.
Step 2: Create or open an Ethereum wallet with MetaMask, and connect it to the Ropsten TestNet.
Step 3: Acquire Ropsten Ether from a Ropsten Faucet, using either GitHub or social media to sign in.
Step 4: Edit the template smart contract code to fit the specific characteristics you want your token to possess, such as the title of the smart contract, the MetaMask address, the short symbol (ticker) for your token, the name of your token, and the decimal value for it.
Step 5: Deploy the edited contract code on Remix IDE, which is an online Solidity compiler and debugger. Remix will highlight any code errors that are incompatible with the ERC-20 standard (or any other token standard that you are using, such as ERC-721 and ERC-223 for NFTs).
Make sure to select the correct compiler version to match the one detailed in the contract code, and to disable optimizations (if they appear to be selected at that stage).
When you create the contract, MetaMask will ask you to pay a gas fee in Ether for the processing of the contract deployment on to the Ropsten TestNet.
Step 6: Publish and Verify it on the ‘Code’ page of the deployed contract, making sure to fill in the details regarding the relevant compiler version, enable optimizations, and paste in the source code for the contract before doing so.
Step 7: Add the new contract token to your wallet, by pasting in the published contract address under ‘Custom Token’ – this will transfer the initial total quantity of your token to your Ropsten TestNet wallet address.
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What are the benefits of web 3.0 (decentralized internet)?
Web 3.0 allows new start ups to compete with existing giants such as Facebook and Google. -
What is a token?
A token is a smart-contract representing it’s own crypto currency on top of the Ethereum network. -
How do you create a token on Ethereum?
By deploying a smart-contract which works within the ERC-20 (fungible) or ERC-721 & ERC-1155 (non-fungible) standard.
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Web 3.0 helps to put money to work online through the blockchain so that you can earn money for your contributions to a network.
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A token is an ERC 20, ERC 721 or a ERC 1155 which is created and put out as a smart contract on the blockchain. Each token standard has a varying set of code to achieve different goals such as NFTs. Tokens are fungible and non fungible meaning some are the same (ERC 20s and other are different ( ERC 721 and ERC 1155).
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You create a smart contract and develop it to perform a certain job and deploy it to the blockchain.
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- It allows you to create your own crypto-currency and therefore compete with large companies.
- It is a decentralized contract built on top of Ethereum or similar platform (like EOS or Cosmos).
- One must implement a smart contract using an ERC20 token.
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A major benefit is the protocol will get paid as apps that are built off it will increase the protocols value unlike web 2.0 where the apps have made off the profit.
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Tokens are built off the Ethereum system and are DAPS that utilize smart contracts
3.You create the tokens by making them fungible
- distribution, economic rewards going to users
- a unit of value created and defined by smart contracts on a blockchain network
- by writing code
- Early adopters have the opportunity to start new businesses, make money and compete with a large corporations
2)token are data base entry with smart contracts with a programmable digital asset
3)Use the ERC20,ERC721 AND ERC233 STANDARD on top of the ethereum created by a smart contract .
- The value is determined more in the protocol level than a company using this protocol as it is the case with google etc
- a Token is a coin created ont top of a blockchain.
- Writing a smart contrat using or not on of the starndard already existing such as ERC20 etc…
- The value don’t go to the applications, it’s capture in the protocol. Descentralized webites and dapps, small business will compete with the big ones by incentivating early adopters.
- A representation of a particular asset or utility that usually operates on top of a blockchain.
- Throught a small contract and ERC20 token standard.
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Web 3.0 captures most of the value in the protocol with the integration of a token economy unlike web 2.0 with http and tcp, where apps like FB or Google are build on it and capture so the most value. Web 3.0 allows to build smart contracts or dapps with a own ecosystem on it. Early adopters are getting rewarded to be early in a smart contract or dapp. Small player can compete better with bigger player on web 3.0.
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A Token is a digital value in a smart contract build on a blockchain.
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By writing a smart contract using standards like ERC20, ERC1155 or ERC721 in Solidity (and then compile in bytecode).
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1.Web 3.0 will transfer value back to the people instead of to these big companies, less middlemen, value to the protocols.
2. A Token is a fungible or non-fungible asset usually made on the Ethereum network.
3. You create a token on Ethereum using smart contracts.
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