Homework: Web3.0 and Tokens

Ethereum 101
#1830
  1. What are the benefits of web 3.0 (decentralized internet)?

One of the big benefits of web 3.0 is that it takes the value of the applications and gives it to the protocol. On the web 2.0, large corporations as Google and Facebook got close to a monopoly and make lots of money. On web 3.0, the value is on protocols, such as Etherum, and enables new tokens and cryptocurrencies more opportunities to grow.

  1. What is a token?

A token is a programmable digital unit of value that is recorded on a distributed ledger protocol such is blockchain.

  1. How do you create a token on Ethereum?

Creating a smart contract with ERC20. For NFT’s using ERC721 or ERC1155.

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#1831

Homework on Web 3.0, and Tokens - Questions

  1. What are the benefits of web 3.0 (decentralized internet)?
  • You do not need to trust a major corporation
  1. What is a token?
  • Programmable digital units of value that are recorded on a distributed ledger protocol such as a blockchain.
  1. How do you create a token on Ethereum?
  • A token can be created as a smart contract in Ethereum.
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#1832

[quote=“filip, post:1, topic:8447”]
1- What are the benefits of web 3.0 (decentralized internet)?
The benefit is that the protocol has a lot of value and you gives the opportunities to compite with big tech companies because you can incentive the people with rewards to adopt your Dapp.
2 What is a token?
A token is a digital asset, fungible or non-fungible, that is developed over a blockchain protocol.
3 How do you create a token on Ethereum?
You creat a token on Ethereum by programing a smart contract.

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#1833
  1. What are the benefits of web 3.0 (decentralized internet)?
    The benefits are that the protocol has most of the value and that you can compite with the big tech companies because you can reward the people while using your DAPP.
  2. What is a token?
    It is a digital assets, fungible or no fungible, programed over a blockchain protocol.
  3. How do you create a token on Ethereum?
    You create a token on Ethereum programing a smart contract.
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#1834
  1. What are the benefits of web 3.0 (decentralized internet)?

It isn’t under 1 (or a few) companies control and power (centralized). It could be more open.

  1. What is a token?

It is a digital asset that can be assigned to represent anything you want. Often a type of currency issued to those involved in a project.

  1. How do you create a token on Ethereum?

There are a number of ways but for the standardized fungible type you would use the ERC20 standard to launch a contract with your desired token specifications.

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#1835

The benefits of web 3.0 (decentralized internet) are there is opportunity for protocols to gain value instead of only the applications (Google, Facebook), and also users get incentive for their data or content. You’re also able to create your own cryptocurrency, economic model on platforms such as Ethereum and EOS to name a few.
A token is value existing on a blockchain and they can be either fungible or non fungible.
On Ethereum you can create a token by writing a smart contracts.

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#1836
  • What are the benefits of web 3.0 (decentralized internet)?

A benifit of web 3.0 is that participants have an economic incentive to develop on and use it, it can not be censored/shut down/stopped, it is trustless, auditable, transparent and secure in transactions while retaining a level of privacy with encryption.

  • What is a token?

A token is a currency used within an application that is built on top of Ethereum.

  • How do you create a token on Ethereum?

A token can be built on Ethereum using an ERC-20 based smart contract.

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#1837

  1. transparency. independent system, not controlled by one authority. it also allows for smaller players to compete on the network

  2. a Token is a (fungible or non-fungible) digital asset created by a smart contract, built on top of a blockchain network.

  3. by writing a smart contract that is coded in accordance with erc-20 standards

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#1838

  1. What are the benefits of web 3.0 (decentralized internet)?
    You can attract new users by offering them financial rewards. You can follow your own data and inspect the code behind the platforms you choose to use. You don’t need to trust a major corporation (it could be possible there is no cooperation behind the platform you use)

  2. What is a token?
    A token that is based on an actual coin that works with a smart contract to handle it.

  3. How do you create a token on Ethereum?
    It can be created on ethereum using a smart contract

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#1839

  1. The benefits of web 3.0
    a. Enables leveraging of the value of the decentralized applications on the web.
    b. Enables decentralization
    c. supports smart contracts

  2. A token is a digital asset that leverages a smart contract to captures the value of an application.

  3. A token can be created by anyone who uses the ERC20 standard to capture the value of a smart contract application on the etherium network.

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#1840

  1. What are the benefits of web 3.0 (decentralized internet)?
    You can create a hole new finantial enviroment and compete with incentives like its not possible anymore with web2.0 with giants like google (early adopters)

  2. What is a token? ERC20 token is fungible standard, digital asset base on ethereum

  3. How do you create a token on Ethereum?
    Using ERC20 standard , smart contract (Dapp)

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#1841

Hello,
1) Some of the benefits of web 3.0 are the introduction of financial services on the internet, which in turn will allow for smaller companies to compete. It will also allow businesses to incentivize early adopters,
2) A token is a digital Cryptocurrency or asset that is created on the ethereum network(or another blockchain) and can be either fungible or non-fungible depending on how the smart contract is written.
3) You can create a token on the ethereum network with code called a smart contract using one of the token standard protocols.

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#1842
  1. In WEB 3.0 the protocol is capturing the value in terms of money.
  2. A token is a cryptocurrency and digital asset that is developed for using a smart contract.
  3. A token is create using solidity code to write a smart contract and they are used to execute the instructions.
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#1843

  1. With Web 3.0 and a decentralized internet, there will be more incentives for early adopters to invest and participate in small projects. With token economies, the wealth will be more evenly distributed in peer to peer networks. Whereas in Web 2.0, the tech giants captured all the value and revenue by building silos of infrastructure and data systems.

  2. A token is a digital asset, either fungible or non fungible, thats built on the Ethereum or another blockchain.

  3. To create a token on Etheruem, you have to create a smart contract, which is a piece of code running on the Ethereum blockchain, executed by the EVM.

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#1844

  1. Benefits of web 3.0 (decentralized internet) include the fact that it is unstoppable and cannot be taken down once it is executed. It cannot be manipulated after it is implemented. With web 3.0, value can be gained from the actual protocol or network instead of value being gained from what the network can be programmed to do. Users that contribute data to the network can be rewarded through this type of decentralized internet.

  2. A token (fungible or non-fungible) is a cryptocurrency/digital asset that provides value through a smart contract that runs on a turing complete programmable blockchain such as ethereum. It is based on the token’s value contributed to the blockchain network and has its own addresses and operational logic.

  3. Tokens are created on Ethereum via smart contracts through hard coded supply, user addressing and operational logic on the blockchain.

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#1845

  1. What are the benefits of web 3.0 (decentralized internet)?
    With web 3.0, websites can have their own cryptocurrency and have their own economical model.

  2. What is a token?
    It´s a smart contract built on ethereum.

  3. How do you create a token on Ethereum?
    You can write a smart contract to create a token.

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#1846
  1. It allows that literaly anyone can capture value from projects and services as opposed of how currently works in Web 2.0 in which giant corporations are keeping all the benefits to themselves.
  2. A cryptocurrency that is born from a smart contact platform that represents value for a given project.
  3. Using a standard like the one that exists for Ethereum (ERC-20)
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#1847
  1. What are the benefits of web 3.0 (decentralized internet)?
    In Web 3.0, economic value is captured by the protocols, rather than just the applications. Users are incentivized to create value, rather than giving it for free.
  2. What is a token?
    A token is a cryptocurrency built for use within a specific smart contract (i.e. UNI for Uniswap) that is layered on top of the base network (i.e. Ethereum), whereas Ether is a coin.
  3. How do you create a token on Ethereum?
    A token is built for use within smart contracts. Fungible tokens utilize ERC-20 contracts, while non-fungible tokens utilize ERC-721 or ERC-1155.
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#1848
  1. What are the benefits of web 3.0 (decentralized internet)?
    Small companies are able to compete with the giants and therefor monopol can be avoided.
  2. What is a token?
    Value created through smart contract on top of Ethereum.
  3. How do you create a token on Ethereum?
    Tokens are created by programming a smart contract, making a small piece of code that has all the instructions on how that token should behave.
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#1849

Web3.0 provides more decentralized websites and Dapps onthe internet, also early adaptors get incentives from using by economic rewards.

A token is a cryptocurrency/digital asset developed by smart contracts built on Ethereum, EOS etc…

You can create a token on Ethereum using A Smart contract or a dapp.

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