Homework: Web3.0 and Tokens

Ethereum 101
#1910

  1. Incentive to early adopters. Easier to help small businesses grow, and more rewarding for those who do. Money becomes a “trustless” layer on the internet with no middle man

  2. A token is a digital asset, either fungible or non fungible, and runs on a cryptocurrency blockchain (ie: Ethereum). I think of tokens almost as stock shares in a traditional financial market, where the token is the share and the blockchain is the market.

  3. A token is created and adhered to the blockchain via a smart contract

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#1911
  1. Benefits of web 3.0 includes increased utility and efficiencies because of SC, as well as the democratizing impact of monetization because of early adopter incentives in things like steemit.
  2. A token is created and defined through a smart contract, and acts as a store of value and can be transferred on the network.
  3. Through a smart contract.
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#1912

  1. No middle man on the internet and allows for websites to have their own cryptocurrencies that can then provide incentive for early adopters.

  2. A token is built on another network such as Ethereum and is a fungible or non-fungible digital asset.

  3. By using the ERC20 standards to create smart contracts that are the basis for the token.

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#1913

1.Benefits of web 3.0 are that most of the value is wrapped up in the protocol level, this helps smaller companies to enter the space where as bigger companies that monopolise extract value from their customers, web 3.0 will create platforms that incentivise early adoption with tokens for using the platfom/dapp this leads to a network effect, more users want the incentives, the incentives are inflationary, increased user experience, more users.
2.A token is a cryptocurrency that is developed and deployed on a smart contract platform that can be specific to a project and programmed accordingly. Tokens can be fungible or non fungible.
3.To create a token on the ethereum network you would deploy a smart contract using the ERC20 standardisation code for fungible tokens and for NFT you would use the ERC721 or ERC1155.

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#1914
  1. What are the benefits of web 3.0 (decentralized internet)?

Web 3.0 provides a more level playing field for small companies to compete directly with large conglomerates based on the value of their business concept, instead of merely their size. They accomplish this by incentivizing early adopters of the platform application and rewarding them with tokens which over time (as the platform grows) may increase exponentially in value (thanks to inflation).

  1. What is a token?

A token can be a cryptocurrency or digital asset (fungible like BTC / ERC20) or non-fungible like (like CryptoKitties; ERC721) like ETH) created on Ethereum

  1. How do you create a token on Ethereum?

A token can be created on Ethereum using some simply code (using a smart contract) using a token standard such as ERC20; ERC233 or ERC721.

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#1915

Web 3.0 uses smart contacts for two way reading and writing interaction between platform and users.

Smart contracts can read,write, communicate and execute smart contracts with the network.

A token is a smart contract built on the Ethereum technical platform.

A token is created using standardized Ethereum programming language and protocols to create easy integration and efficiency with in the network. There are different types of tokens.

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#1916

  1. It is a space where small companies/starters have a change to compete with the “Big Dogs”. And early adopters are incentivized in the beginning because the rewards will be higher for them in the early stages.

  2. A token is a cryptocurrency asset, created using the Ethereum blockchain by a smart contract. It is a fungible or non-fungible value existing on the Ethereum blockchain.

  3. You create a token using the ERC20 standard and by creating a smart contract.

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#1917
  1. Decentralized applications, they have own economic model, own currencies,
  2. Token is currency build for example on Etherum blockchain. ETH is coin and currency build on top of them is token.
  3. By creating smart contract with own token supply, value some different orders in smart contract.
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#1918
  1. benefits - smaller companies and start ups can compete with giants like facebook, google and twitter. Their business incentivise users to join/contribute with reward in tokens and in turn the value of the business will increase as a response to the increase in users. Rewards decrease as the business goes up because there are much more users.
  2. a token is a smart contract that is built on top of the ethereum smart contract platform.
    3 create a token using a standardized programming currency language such as ERC20.
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#1919

Web 3.0 is helping us breakout of our current situation of only a few massive companies having a monopoly on the money making aspect of the internet.
2. A programmable digital asset often built using ERC-20
3. To create a token on ethereum you would create a smart contract application using the ERC-20 standard.

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#1920

  1. More freedom on the internet by way of being able to have financially incentivised for things that you did that other profited before.

  2. a decentralised asset that can be created on the Ethereum network.

  3. Through the ERC20 standard and a smart contract.

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#1921
  1. you can build your own Dapps to provide a service, and have a native token for it that could rise in value, also to build a community of supporters.
  2. A Token is a currency that was built on top of ethereum.
  3. you create a token by using a smart contract on top of ethereum.
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#1922

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

The benefits of web 3.0 is the ability to have centralized and decantralized websites, as well as DAPPS. Instead of the applications gaining value from platform use, using DAPPS platforms are the ones that are gaining financial value.

2. What is a token?

A token is the native token from any Smart Application that is built on the Ethereum Network

3. How do you create a token on Ethereum?

Using the ERC20 standard you create a Smart Contract under the Ethereum network, and “gas” is used in order to execute its functions.

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#1923

  1. Value capture on the protocol level instead of a few big centralized companies. Ability to capture value by users themself.

  2. A token is a smart contract that represents a cryptocurrency on blockchain that is a smart contract platform.

  3. A token is created on Ethereum through a smart contract creation on Ethereum.

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#1924
  1. All the contributions are rewarded, how much depends of the number of adopters
    2)A token is a cryptocurrency used on the top of a blockchain in the dapps
  2. You need to create you dapps using the standard function of the blockchain
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#1925
  1. Web 3.0 gives smaller companies opportunity to compete with huge companies. Removes the middle man.
  2. Token is digital asset which is built on smart contract platform.
  3. Token can be created as a smart contract in Ethereum
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#1926
  1. What are the benefits of web 3.0 (decentralized internet)?
    The fact that HTTP didn’t make money in the early days of web2.0 isn’t “normal”. The ones who won with this system where google, facebook etc… By using Web 3.0 the rewards will be better distributed. Also that means that money creation goes directly to the “creator” they are no middle men included in the tx.
  2. What is a token?
    A token is a value given by the offer and the demand on the market. It can be fungible which means one token is equal to any other token of the same"family" So 1ETH=1ETH. It can also be a NFT a Non-fungible token which means that 1token is not equal to the token from the same “family”.
  3. How do you create a token on Ethereum?
    You create a token on ethereum by creating a smart contract and using ERC20 token to be “standard” you can also use other protocols like ERC721 for NFT’s.
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#1927
  1. The benefits of the web allows to people to compete with the “big” companies, to be rewarded by posting & liking and not just the company to get bigger and bigger by your use (even though, Fb, WA, Google & IG [big companies in general ] they can get your rewards).
  2. It is a cryptocurrency developed by smarts contracts.
  3. Creating smarts contracts.
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#1928

  1. What are the benefits of web 3.0 (decentralized internet)?
    Protocols will gain value instead of just apps build on the top of them. It makes possible to give incentives straight to its users instead of for example Facebook.

  2. What is a token?
    Its a cryptocurrency working on a blockchain. You can think token to be is a share of a protocol which price is determend by supply and demand.

  3. How do you create a token on Ethereum?
    By smartcontract written in Solidity

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#1929

1.Power is taken off the few major corporations, it is trustless based so people can deal with each other, and developers will make money now from necessary protocols they apply, unlike in web2.0
2. A token is a fundable or non fundable ,coin made from simple code and smart contracts, which are layered onto of the ETH blockchain.
3. ERC-20 is a guide of rules and regulations that will help create a blueprint for Ethereum-based smart contracts to create their tokens.

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