STEEM & TRON - Steemit Crypto Academy Season 5 - Homework Post for Task 2.
(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?
What is PoB?
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PoB stands for Proof of Brain. However, before I move on, allow the Pine Tree State to clarify several different things.
Steem is an open supply blockchain where transactions are recorded square measure for good. It had a decentralized application known as Steemit.
So we would say that Steemit is an application on the Steem blockchain where authors can publish and decriminalize their content. Original content is forcibly taken out, which will attract many engagements from readers and the author gets a testament through votes relying on the credibility and quality of the content.
PoB which stands for Proof of Mind means that the author can be forced to put quality content by putting his mind to work, the reader can use his ability to see that the author has The ingredients are sweet or unhealthy.
If it's smart, readers will distribute rewards (votes) for currently posting from the bounty pool. The value of the reward a dealer distributes to a good content writer depends on the readers' stake.
PoB must involve the author supplying a post that is free from plagiarism, well detailed, sufficient to attract many comments and respect and is properly customary, therefore meets these requirements . The post with the current one will be voted on and so the author can be rewarded for the post.
A typical example of a Crypto Academy assignment call box might be that the author must create content that meets the requirements of a given assignment before the author can be rewarded.
What does curation mean to you in Steem Blockchain?
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Steemit is a platform where Associate of Nursing writers get rewarded or upvoted for producing quality content. The process of voting or upvoting a colleague in nursing authorship or distributing the bounty is called curation.
Curation on Steemit doesn't mean just upvote a post, it includes searching the post, checking whether it was plagiarized or not, checking sources, commenting on the post, respecting to create a lot of views Includes, which includes upvoting the post.
If a post is found to be plagiarism, the reader should take a decision in the eyes of the community so that such post can be removed. Upvoting plagiarized content can be an unhealthy habit and gets ridiculed here on Steemit.
In curation, the value added or rewarded for the content being delivered depends on the steempower of the account that elevates the post. Low steempower shows that low upvotes and high steempower ends up in high votes. In essence, curation shows that the post that has been voted up meets the specified standards and that any post has been voted on.
When a post is curated, the patron additionally receives a portion of the curation value, called the curation prize, while the author receives the opposite value called the author It's called a author reward.
What are the benefits of building SP?
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Steem power (SP) is the amount of user influence within the Steeem blockchain. As I mentioned above, the user has extra steem power that extra impact power is needed to deliver rewards to the user.
These are the many advantages of manufacturing field unit steeem power.
The more Steem Power the user has, the higher the vote weight and the higher the value of the user account and through this, user can also gain Curation rewards by voting at other posts.
It affects the distribution and distribution of rewards.
It provides an opportunity to the user to create a community with a specific purpose and after that you will support the users joining the community.
The higher the steem power, the higher the reward for paying.
Steem power is also a long time investment, as a result of which you are storing your crypto as SP.
The list goes on and on.
How do you explain self-upvote as a good or bad social behavior & why?
There field users who cast an affirmative vote on their own publications, i.e. they vote for themselves, this type of social behavior is negative, as they interfere with social interaction at intervals on the platform.
In North American Nation does not allow individual users to form a community with, in turn, they prevent POBs or strengthen the brain system.
We should avoid such behavior as they negatively affect the platform, we must not forget that as authors we are not in a position to be the curators of our content.
By self - upvoting, user can also lost his voting weight which means now he/she can vote in less posts as compared.
Explore Coinmarketcap.com to indicate rank, STEEM price, and coinmarketcap of STEEM(screenshot required)?
Step 1- tap on this link https://coinmarketcap.com/ search the coin you want to find
Step2- search steam in search tag
Step 3- As you can see in above image, Current price of steem is $0.501.
Then, We can find many details about steem coin like it's marketcap, circulation supply, 24h low and high in Steem statistics. Given below is the image of Steem Statistics.
What are the different tokens do you earn by socializing in Steem Blockchain?
Socializing on Steemit gives the privilege of publishing non-literary works, making new friends from the elements of the planet, scanning the publications of various authors and appreciating their works by commenting and curating.
Tokens that you will be able to earn socializing on Steemit include:
STEEM
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It is the basic and most important token for the operation of the blockchain, its main function being to ensure the value of the content created inside the platform.
This is often reborn into Steam Power (SP) through a method referred to as power up, Steem can also be oversubscribed within the original market for profit or it is often transferred to a different user. is done.
STEEMPOWER
It is a token that reflects your influence on the platform. The more Steem Power you have, the more valuable your account will be. If you are getting Curation rewards, then you will get direct sp into your wallet.
STEEM BACKED DOLLAR
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SBD stands for Steem Backed Dollar. This is another token received on Steemit. This is achieved after being drawn on a post (50% SP/50% SBD). SBD is timely transferable.
Anyone will modify their Steem in SBD and on the other hand Steemit from market. Currently, the price is SBD is high as compare to Steem.
Tron
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Tron is one of all coins that Justin Sun holds and is also earned on Steemit. The magnitude relationship of Tron earnings with SP is 1:1 i.e. for every ten SPs there is a corresponding ten TRX.
TRX is listed with the actual fact that it is liquid.
How would you use your TRX earned in Steem Blockchain to optimize earning in Tron ecosystem?
You can optimize your TRX income by transferring your earned TRX tokens from the Steem blockchain to your TronLink pocketbook which is a link to the Tron scheme.
TronLink that allows users to work with dApps such as Just Swap, during which users will contribute to the pool and earn rewards, could be a way to optimize income in the Tron scheme.
You can wager Tron and earn rewards. Since placing bets can certainly be a way of earning by holding crypto currency and allowing the blockchain to determine that.
Plus you'll freeze it. The phase change is that locking someone's crypto for a period of time leaves you unable to create it or sell it until it becomes liquid. It can protect crypto from volatility.
By doing this, you are optimizing your earnings on the Tron plan.
Conclusion
The Steemit platform has created the ability for authors to appreciate their work.
As a suburban platform, Steemit has created one that is accountable to no one.
Strengthen your steam so that high steampower urges will help you earn a lot through curation reward.