Homework: Web3.0 and Tokens

Ethereum 101
#1810
  1. It gives users ownership of their data
  2. Units of currency built on top of a standard such as the Ethereum network
  3. Using the ERC20 protocol for fungible tokens or the ERC721 for NFT’s
1 Like
#1811
  1. The benefits of web 3.0 are that early adopters will be incentives with more tokens that in time will grow in value and adopters will want to promote the tokens, so the company will be able to compete with bigger corporations.
  2. A token is a currency equal to the value of the coin built on top of Etherium with smart contracts.
  3. You create a token using smart contracts with standard programs like: ERC20, ERC721, and ERC233
1 Like
#1812

1.) What are the benefits of web 3.0 (decentralized internet)? Decentralized internet would give smaller companies a chance to compete against corporate giants who sell users data. Early adopter would be rewarded with more tokens.
2.) What is a token? a fungible or non-fungible digital asset created by using smart contracts.
3.) How do you create a token on Ethereum? Tokens are created by writing smart contracts using ethereum token standards.

1 Like
#1813
  1. Decentralized websites can now compete with centralized websites. In web 3.0 early adopters are incentivized to use the platform due to the reward system within the platform. As the website grows the value shifts from early adoption to the increased value of tokens. As the demand grows the supply remains the same which increases the value of the tokens.
  2. It is a digital asset that can be fungible or nonfungible that is created through smart contracts on existing blockchains.
    3.By implementing a smart contract using token standards like ERC20.
1 Like
#1814

What are the benefits of web 3.0 (decentralized internet)?
The protocol level can capture the value. So small guys and businesses with great ideas and (d)apps can compete with the big ones.

What is a token?
A token is a native currency of a protocol or use case, wrapped in a smart contract.

How do you create a token on Ethereum?
Using the ERC20/ERC721 standards, Solidity and smart contracts.

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#1815
  1. A decentralized internet in theory will give smaller projects the opportunity to compete with bigger projects that currently monopolize the market
  2. a currency that piggybacks of an existing project e.g. eth, tron, neo
  3. By use on of a smart contract on the ethereum blockchain
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#1816
  1. What are the benefits of web 3.0 (decentralized internet)?

Ans: Web 3.0 allows you to transfer value on the internet. Most importantly it allows you to transfer value peer to peer. It allows people to interact in a decentralized fashion, which eliminates middle men and offers opportunity for participation to more humans.

  1. What is a token?

Ans: A token is an asset that is created on a smart contract blockchain. A token does not have its own blockchain.

  1. How do you create a token on Ethereum?

Ans: On the Ethereum blockchain, A token is created through the smart contract process.

1 Like
#1817
  1. What are the benefits of web 3.0 (decentralized internet)?

Ans: Web 3.0 allows you to transfer value on the internet. Most importantly it allows you to transfer value peer to peer. It allows people to interact in a decentralized fashion, which eliminates middle men and offers opportunity for participation to more humans.

  1. What is a token?

Ans: A token is an asset that is created on a smart contract blockchain. A token does not have its own blockchain.

  1. How do you create a token on Ethereum?

Ans: On the Ethereum blockchain, A token is created through the smart contract process.

1 Like
#1818

1.- Abolishing a monopoly and letting more projects join the competition.
2.- A coin built on top of the ethereum blockchain.
3.- Smart contracts with ERC20 standard.

1 Like
#1819
  1. What are the benefits of web 3.0 (decentralized internet)?
  • the benefits of web 3.0 is that it allows for decentralized websites. You are taking the control out of centralized companies. In web 3.0 early adopters are incentivized to use the platform due to the reward system within the platform. As the website grows the value shifts from early adoption to the increased value of tokens. As the demand grows the supply remains the same which increases the value of the tokens.
  1. What is a token?
  • A token is a digital asset that can be fungible or nonfungible that is created through smart contracts on a blockchain. A token is a smart contract on another supporting blockchain that is programmable.
  1. How do you create a token on Ethereum?
  • Tokens are created by writing smart contracts using ethereum token standards.
1 Like
#1820
  1. Decentralization allows peer to peer transactions and transparency without a middleman.
  2. Tokens can be fungible or non-fungible and are digital assets on the blockchain.
  3. They are created by using a smart contract with one of the token standards.
1 Like
#1821

  1. What are the benefits of web 3.0 (decentralized internet)?
    A: The end of the middleman, whether its on finance, dapps, platforms, people will get DIRECTLY compensated for their contribute to the network.

  2. What is a token?
    A: A token is contract created on top of a blockchain which is used for a “kind” of interaction, providing rewards for network usage.

  3. How do you create a token on Ethereum?
    A: A smart contract created on top of ethereums network, it can be fungible or non-fungible.

(Ivan, nice price prediction we are at 13k and 15k is possible)

1 Like
#1822
  1. What are the benefits of web 3.0 (decentralized internet)?: all is about make money, in this stage that in one way we all are early adopters the value of been in Web 3.0 is attractive so Web 3.0 can attract a huge number of users at the level of competing with the big guys like Facebook, I think this is the way but right now were not at this level yet.
  2. What is a token? A token is a cryptocurrency, can be fungible or non-fungible, developed using a Smart Contract that can run over networks like Ethereum, EOS, etc.
  3. How do you create a token on Ethereum? creating a smart contract, depending the network we want to use we have to comply with specific standards like ERC20 (for fungible) or (ERC1155 for Non Fungible), there are a lot more standards, this was such an example.
2 Likes
#1823

1 make value on interaction with contacts
2 with a token you can pay to execute a sc
3 you can make a sc that is a token using ERC20( standard language for ft)

1 Like
#1824
  1. Web 3.0 allows developers and early adopters of the protocol to capture the value of what they’re doing (unlike in Web 2.0). The decentralised nature allows for an even distribution of the wealth and rewards users of platforms for their contribution to site content whereas in Web2.0 people engage for free and money goes to a central company.
  2. A token is a digital currency/asset deployed onto a blockchain to which it is not native.
  3. Write and deploy a smart contract that conforms to ERC20, ERC721 or ERC1155 standards.
1 Like
#1825

  1. Web 3.0 will make for a more level playing field as smaller company can be competing with the larger companies. Having the value in the protocol like ETH will make the ecosystem more valuable with the apps and dapps on its network.

  2. Tokens are fungible or non fungible are programable money that is created on Ether or EOS.

  3. Tokens are created using Smart Contracts

1 Like
#1826
  1. What are the benefits of web 3.0 (decentralized internet)?

Allowing infrastructure that provide revenue to all participants:

  1. The protocol level platform will get payed each time the protocol is used.
  2. Providing easy access will allow smart ideas to flow into the community without big players intervene in order to ‘kill’ the competition.
  3. Adopters will gain Token rewards
  1. What is a token?

Incentive for adopters for using the contract

  1. How do you create a token on Ethereum?

by creating a smart contract

1 Like
#1827
  1. What are the benefits of web 3.0 (decentralized internet)?

decentralized internet will give small player to be able to compete with big companies because it gives anonymous public opportunity to adopt, increase adoption, etc. Adopters are incentivised to make sure the platform gain more & more traction and adoption (network effect)

  1. What is a token?

a digital asset that is created on Ethereum protocol.

  1. How do you create a token on Ethereum?

using Ethereum smart contract (some smart contract / Dapp might have token which serves their application functions, such as governance, etc. Usually token is created to incentivised their adopters, etc)

1 Like
#1828

1. What are the benefits of web 3.0 (decentralized internet)?
The protocol and early adopters of apps get rewarded for adoption

2. What is a token?
A smart contract or an NFT

3. How do you create a token on Ethereum?
ERC 20 is a smart contract so using that contract coding

1 Like
#1829
  1. There is an incentive to be an early adopter of web 3.0 which gives startups a chance to compete with already highly established companies making a much more even playing field.
  2. A token is a cryptocurrency that is built on top of a smart contract network like Etherium.
  3. You can create a token on the Etherium network using a smart contract.
1 Like