Crypto Academy Season 3 Beginners' course - Task 1: STEEM & TRON by @ahsanjawed

in SteemitCryptoAcademy3 years ago

Hello And Welcome to my Task 1:STEEM & TRON At Crypto Academy Season 3 Beginners' course


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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.

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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.

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Source Coinmarketcap


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.

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Source Coinmarketcap


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.

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Source Coinmarketcap


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

Sort:  

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:

CriteriaRatings
Presentation / Use of Markdowns1.5/2
Compliance with topic1.5/2
Spelling and Grammar1/2
Quality of Analysis1.5/2
Originality1/2
Total6.5



Observations:

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.

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:

  • You tried to answer the questions clearly, but you missed some important points on what curation is all about.
  • Your presentation looks good but you still need to work on your markdowns.
  • I notice some grammatical errors that can be avoided using Grammarly. So I suggest you use it in your preceding tasks.

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.

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