Crypto Academy Season 3 Beginners' course - Task 1: STEEM & TRON by @ahsanjawed
Hello And Welcome to my Task 1:STEEM & TRON At Crypto Academy Season 3 Beginners' course
Homework Task-1
(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?
Prove of Brain in the Steem Blockchain
Proof-of-Brain, to put it simply, is the method for distributing or redistributing incentives from the reward pool to users in exchange for their contributions to the steemit token-based community. This is the token system that is used to determine the value of any material generated by a creator on the Steemit platform, and the quantity of token rewarded for that content is determined by this evaluation.
The STEEM Power, which impacts the weight of the award, the social worth of your content, and the reward pool itself are all elements in this mechanism.
Curators are appointed to undertake this review on the steemit platform, but other users can also do so and upvote or downvote material.
Source
Curation in the Steem Blockchain
On the steem platform, curation is the process of reading a piece of material, verifying its originality, determining its merit, and upvoting it if it is worthwhile. Any user on the network can do this on any post they come across, but as previously stated, some people are specially chosen to do this, and they are known as curators.
The compensation you receive from the reward pool for your contribution is determined by this curation. Your content may not be rewarded if it is not valuable after curation.
The Proof-of-Brain technique is used to determine the incentive offered after curation.
WHAT ARE THE BENEFITS OF HOLDING STEEM POWER
When you have a lot of Steem Power, you will get a number of advantages. But, in my opinion, these advantages can be divided into two categories:
AS A TOKEN INFLUENCER:
Steem Power affects your tokens, which means you'll have more control over the payout of your post rewards.It also has an impact on how much you make through curation; the more Steem Power you have, the better your odds of earning a lot from curation.AS A CRITERIA:
Aside from the impact of Steem Power on token prices, it is also important for Steem users because it is frequently used as a criterion for participating in certain activities on the Steem platform, such as the cryptoacademy tasks.SELF-UPVOTE; A BAD OR GOOD SOCIAL BEHAVIOR?
Because Steem is a decentralised platform, there are no restrictions about whether or not you can upvote yourself, but what are the true consequences of this action that could make it terrible or good?
When you upvote yourself, you're attempting or actually attempting to turn your voting power or strength into rewards for yourself, blocking the token's appropriate circulation or distribution. This, in my opinion, makes self-upvoting a negative social behaviour since, if you believe your work or content is of high quality, you should allow others to upvote it because you made it for them, not for yourself.
When you use your voting power to upvote other people's content, you are truly influencing how the tokens are distributed.
STEEM IN COINMARKETCAP
RANK
On coinmarketcap.com, STEEM is ranked as number 187 at the time of this investigation; however, rankings are never fixed, so it might have been lower or higher before the time of this check, and it will continue to change after that.
STEEM PRICE
At the time of writing, the price of Steem was $0.3113 USD, with a 24-hour trading volume of $4,741,914 USD.
COINMARKETCAP
The coinmarketcap of STEEM is $124,644,645 in the last 24 hours.It also has a fully diluted marketcap of $130,340,728.
DIFFERENT TOKENS EARNED ON STEEM BLOCKCHAIN
If you socialise on the Steem blockchain, you will be rewarded with three different sorts of tokens:
STEEM:
When you log into your steemit wallet, you'll see that this is the first token you'll see. This token is most commonly issued through steemit community contests, although it can also be sent from one user to another. In a process known as powering up, this token can be changed into another token known as Steem Power.Steem Power:
This token is normally given to creators as a reward for good content curation, and it can also be delegated to users or witnesses by other users.Steem Dollars (SBD):
Content providers are also rewarded for their posts, and it may be transferred to any location at any moment. It's commonly referred to as Steem Dollars (SBD).Tron (TRX):
When your content is upvoted, you are awarded with Tron tokens or assets, which you may find in your wallet. However, you will need to import a Tron wallet to manage this Tron asset.Thankyou
Cc:-
@steemitblog
@steemcurator01
@steemcurator02
#academy-intro01 #cryptoacademy #promo-steem #steemexclusive #steemit #steem #tron
Hello @ahsanjawed , I’m glad you participated in the 1st Task of the Beginner’s class at the Steemit Crypto Academy. Your grades in this task are as follows:
Observations:
Any Steemit user who follow the process of curation by reading an content and finding it authentic, then upvoting the content and sharing it with his/her followers is a curator.
Recommendation / Feedback:
Thank you for submitting your homework task 1. We hope to see the rest of your submissions.
Thank you Professor for your review.
I will work on your Recommendation on my next post.