Beginners Course STEEM and TRON - Steemit Crypto Academy Season 5 Homework Post for Task 2 by @ravigolu

in SteemitCryptoAcademy3 years ago (edited)

Hello Everyone!

Greetings to you all

I hope everyone is doing well!

Introduction

Today I am going to complete Home work task 2 of season 5 and task is related to "Steem & Tron"given by the professor @sapwood .I have read and studied your post on steem & tron.

IMG_20220103_212654.jpg

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Get Started

Here is my homework on question 1:

What is PoB? What does curation mean to you in Steem Blockchain? What are the benefits of building SP? How do you explain self-upvote as a good or bad social behavior & why? Explore Coinmarketcap.com to indicate rank, STEEM price, and coinmarketcap of STEEM(screenshot required)? What are the different tokens do you earn by socializing in Steem Blockchain? How would you use your TRX earned in Steem Blockchain to optimize earning in Tron ecosystem?

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Define PoB

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The word 'PoB' stands for proof of brain in steemit.It is mainly used for the distribution or sharing of author's and curator's reward on the steemit blockchain platform.Steemit platform only works on proof of brain mechanism because it is a Decentralised blockchain social media platforms.Steemit blockchain rewards is mainly based on the originality of the content, applying proper markdowns, quality ,consistency on the platform as well as content should be plagiarism free too.The rewards is divided into two which is 50%/50% between the curators and authors.The curators serves as a examiner checking the authenticity & originality of a publication. And if they found the content of publications plagiarism free the user gets a good amount of Curation on his post.The curator share is mainly given SP,SBD and TRX.
In brief Proof of Brain is mainly used to check the originality, authenticity and plagiarism free content on steemit platform to give rewards.

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What does curation mean to you in Steem Blockchain?

Curation in steem blockchain is simply the act or process of upvoting a content or article produced by a writer. Distribution of rewards to the quality content (plagiarism free) on steemit platform is called as curation. It is expected of a reader to report any post that fails to abide by the rules of this great platform for proper downvotingTo curate a post following guidelines/rules are to be followed they are :

  • First of all the curator should read content and publications carefully.

  • After reading all the contents he must go for checking plagiarism free content,if plagiarism found then the contents will never be curated and the account will be reported or banned.

  • Then curator check the qualities of contents and then he will go for upvote and downvotes the contents or publication.

  • Then the curator upvotes the publication or content from his voting power when the post is qualified and the curator downvotes the content from his voting power when the post is disqualified.

  • The curator can also mention his opinion on the publication in the form of comments or replies based on the impact of valuable publications.

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What are the benefits of building SP?

Building and holding more SP can give a user the opportunity to create a community and support authors in the community by voting them.There are many benefits of buliding our steem power, i have mentioned some of them below:

  • Steempower can be said to be main driving force of your account that keeps your account growing and going. Without your steempower you are likely not able to perform any crucial activity on the steemit platform.

  • One who have higher holding of SP have higher recognition.for example a user with few SP will little or no influence as compared to higher holder of SP.Higher holding SP will get benefits too.

  • One need to hold more SP for a better experience in the steem platform.

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How do you explain self-upvote as a good or bad social behavior & why?

Since the beginning of my time on Steemit, I see if someone upvotes and his own post is called as self- upvote.I learned about the vote in favor, which appears to be a very excellent thing because the notion is that the rest of the users are the ones who dictate your content and decide to support them through voting.Instead upvoting one's publication by oneself results in reducing his voting power which he could have used to vote other users posts. That's why self-upvote is a very bad social behaviour!

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Explore Coinmarketcap.com to indicate rank, STEEM price, and coinmarketcap of STEEM(screenshot required)?

Let's go to the main page of coinmarketcap.com with this link: https://coinmarketcap.com. We place the word STEEM in the search box. Let's see the details obtained in the following graph.

IMG_20220104_162215.jpg

. Steem Rank #332

.Market Cap-$176,303,573

.Fully Diluted Market Cap-$180,822,112

.Volume 24h-$15,013,214

.Circulating Supply-394,951,699.00

IMG_20220104_164834.jpg

. Tron Rank #27

.Market Cap-$7,867,743,040

.Fully Diluted Market Cap-$7,867,744,084

.Volume 24h-$1,353,714,564

.Circulating Supply-101.85B

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What are the different tokens do you earn by socializing in Steem Blockchain?

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As Steemit is a decentralised social blogging platform,one gets rewarded for their post as per the quality of his contents.The reward is divided into three types of token such as -:

  • Steem Power( SP)-It is the primary token obtained through blockchain socialization. It is the platform's currency, which can be swapped for Steem dollars or transformed into Power Up.

  • Steem Dollars (SBD)-SBD is also known as "Steem Dollars". Users gets this reward by socializing on steemit blockchain.We can use our internal exchange to convert it to steem

  • Tron (TRX)-This is the Tron token, which you can earn by socializing on the Steem blockchain.Users earns this tokens in the 1SP:1TRX (1 TRX for 1 SP).

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How would you use your TRX earned in Steem Blockchain to optimize earning in Tron ecosystem?

We get this TRX tokens along with steem power in the ratio of 1SP:1TRX.Trx rewards are stored in their Tronlink wallet.I can also freeze my TRX, which entails crypto locking for a period of time, preventing trading or selling until it thaws, thereby strengthening the ecosystem.This TRX Token have their own value and price.

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Thank you for reading!

@ravigolu

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