Chiliz - Crypto Academy S5W5 - Homework Post for @imagen

in SteemitCryptoAcademy2 years ago (edited)


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Greetings today I am going to conduct a very important class of Chilizz blockchain from professor @imagen a big hello. let's get started


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1.) Describe the proof-of-authority (PoA) protocol:

The most used consensus mechanisms currently are the proof of participation (Pos) and proof of work (PoW) however they are currently working to bring us new technology day by day since this decentralized digital system is open to any mechanism that helps to its development and in this way is introduced in the already existing mechanisms what we can identify as (PoA) or proof of authority.

We can identify some needs that brings us the mechanism (Pos and PoW) to deploy this new mechanism to the ecosystem, we can identify two possible problems for the mechanism of Pow We can identify problems of scalability and for the mechanism of PoS we can identify the problem of decentralization - centralization.

If we see the proof of authority PoA is called as a more advanced version of the PoS consensus mechanism, If you want to verify in Pos you must have token and bet them, In PoA It is important is the reputation of the Users Instead of the assets that are bet, then Blocks are verified depending on the reputation of the user.

PoA to avoid being centralized the PoA mechanism uses a limited number of block validators, ensuring in itself the scalability of the PoA consensus mechanism. To make it less centralized, this aspect is also important, as is PoS.
It is important to know the real identities of the validators in order to generate trust in the platform and in turn generate reputation, therefore to be part of the validators they must go through a very strict identity validation process. Demonstrating that they are willing to respect the reputation.


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(2.) Who are the partners or sponsors of Socios.com?

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I can make a long list of partners, the vast majority are sports clubs and soccer clubs the most famous in the world such as Barcelona, Juventus, Milan Manchester City these are just the beginning of a long list of partners that are added every day with Socios.com but there are also other organizations such as wrestling organizations, sports such as basketball, tennis, cricket among others let's see below in the following illustration several logos of some sports clubs in the world that are associated with Socios.com


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Here we can see the fight companies being the UFC one of the known worldwide.


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Motor Sports and Cricket


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Basketball sports:


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Here we have Tennis, American soccer and ice hockey partners.


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(3.) Download and install the Socios.com application. Create an account. Explore the application and describe its functions. Show screenshots (if necessary, use a VPN if the application is not available in your country or location)

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To perform this slogan I will download the Socios.com application from my movi, I will register and explore the app and its functions step by step.

To download the app I had to download a mandatory VPN for this I went to googleplay and downloaded a vpn called "TouchVPN" after this I called a cousin who is in "Ecuador" to do me the favor of lending me your phone number to send the code and to access the application then this way I could access since Venezuela is blocked for this app.

Here I leave the development of the app both to register and exploring the functions of the app.

Here I am downloading the application and after the welcome I am going to start.

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Screenshot from partners.com

It asks for a phone number so Venezuela was not on their list of supported in this case I contacted a cousin in Ecuador who gave me the line to enter you have to put the zip code of the country + the phone number.

then it asks you for the user name that will be used to start I put my Nick laser145

then you have to enter the email and then a subsequent verification of data but right now we only need the information already given to the platform.

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Screenshot from socios.com

It is important to have CHZ Coins which is the native token of the platform to be able to interact on it.

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Screenshot of socios.com

To be able to deposit and withdraw money from the platform you must enter in the tab (wallet) just go to the bottom of the page.

We can check our balance

It can be exchanged for fan tokens or digital collectibles.

You can view your balance or simply send toekn to the wallet.

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Screenshot from socios.com

Look at this interesting feature that offers us here, the function of "Token Hunt" if I allow access to my location by GPS immediately we appear token or CHZ around us if we remember the application of pokemon that were extremely famous is something similar but this time with token SSU or CHZ have to look around me are locked housing developments by the great insecurity of the place so I had no access to those places and therefore could not get the tokens in the area pity wanted to show it but quiet is easy to get to them. if you are in a quieter place.

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Screenshot from socios.com


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(4.) Make a purchase of the CHZ token for a minimum value of 10 USD from your verified account of the exchange of your choice. Describe the process. Indicate the ATH of the currency and when it was reached. Show screenshots.

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To make this purchase for 10 USDT I am going to use the Binance platform:

  1. We go to the wallet option.

  2. Choose Spot now

  3. Type CHZ

  4. Go to trading

  5. Then we will choose the pair CHZ/USDT


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We then select the CHZ /USDT pair.

We buy 10usdt will give us something like 35 CHZ


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Here the proof of purchase of 10usdt at 35CHZ

For the date 12/16/2021 time 9:02pm venezuela


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(5.) Enter the Chiliz Exchange and indicate the prices in CHZ and their equivalent in USD of the following Fan Tokens at the time of writing your assignment: FC Barcelona, Juventus and Paris Saint-Germain. Show screenshots.

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a-FC Barcelona - BAR Fan Token

For the date 12/16/2021 time 9:03pm Venezuela, the price for.

  1. Barcelona Fan Token (BAR) is 29.80 CHZ , or 8.2128 USDT .


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b-Juventus - JUV Fan Token

For the date 12/16/2021 time 9:03pm Venezuela, the price for.

2) 1 Juventus Fan Token (JUV) is 30.43 CHZ , or 8.4600 USDT .


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c-Paris Saint-Germain - PSG fan sheet

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For the date 12/16/2021 time 9:03pm Venezuela, the price for.

1 Paris Saint-Germain Fan Token (PSG) is 51.20 CHZ , or 14.4432 USDT .

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(6.) How is the value of a club's or team's Fan Token affected before and after playing a match? If the result is a win, does its value increase? Conversely, if it suffers a loss, does it lower its price in the market? Motivate your answer and present at least one recent example, preferably in the week between Sunday, December 12 and Saturday, December 18.

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To start this question let's go to the Diego Armando Maradona Cup dispute where the wonderful player made his sporting life, we are talking about Barcelona Futbol Club and Boca Junior, teams of high reputation.

The BAR is a Fan token, we will analyze its movement before and after this match.
on December 14th the cup was played so let's go to the Binance BAR/USDT 1h chart.

when the match started the Boca Junior team was dominating the game the behavior of the token at that time was down, it shows a red candle finished, we can see how the token was losing value at the time that the team was losing.


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We can see that in the second half even Barcelona could not dominate or score so the token was still in free fall almost closing a red candle on the chart I will point out just at the time.


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The match ended 1-1 but in penalties the players gave everything for everything and Boca Junior won. But then and curiously at the end of the match it recovered from that drop very quickly so we can conclude that the token of "BAR" Barcelona, has a lot of movement in the market when it is in play as this pushed the token back up and when it was in play where it showed decline this token went down very quickly so there can be both buying and selling even betting on token at the time of the game.


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Conclusion:

The innovation of the digital ecosystem in terms of protocols has no limits and is always open to new technologies that make the system flow through different protocols but always taking the user through the same ecosystem the digital, however we see that it is forming a decentralized ecosystem and a centralized system in which there are possibly many controversies and quite important differences to coexist. For example, we will talk about the fully decentralized BTC that depends on an important working protocol for its development which right now is giving much to talk about the high energy consumption costs in machinery and maintenance is highly criticized worldwide and the Consensus protocol is also criticized by the part of centralization, as they tend to make decisions without asking the user if he would agree or not, unfortunately there is no voting system if users do not have a certain capital for it.

As for the app I found a fairly interactive application easy to use any user if you are one of the banned countries you can use a vpn and ask a friend to do you the favor of sending you a code from your phone because without this you can not access in case of banned countries can join and is very easy to transfer bet and withdraw, I really liked this application and the task was fabulous I learned a lot about the sports market in union with assets Digital Cryptos.


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Cc: @imagen
by: @laser145

@steemcurator02
@steemcurator01

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#club5050 I think the teacher had an error when verifying my status of # club5050, everything is ok. the note should be 8.5 and the
club5050 active status

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