Crypto Academy Season 4 || Beginner's Course Task 2: Homework post for [email protected] || Steem and Tron by @chababy

in SteemitCryptoAcademy4 months ago

(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?

it is finally great to partake in the academy as it has long been my dream ever since I joined the steemit to learn and earn and I thank the organizers for this opportunity

What is PoB?

blockchain-3277336_1280.jpg source

the acronym POB is simply a short form for the phrase proof of brain, it is a system in which people are rewarded based on their ability to create valuable and useful content. this is a system common to the steem community where it uses the proof of brain mechanism as a mining mechanism instead of the usual electricity, placing more value on the human brain rather than some mere computer mining

The aim is to encourage and reward users for their participation, contribution and production of valuable content that is not plagiarised, as the system strongly hates plagiarism. this will encourage users to build their talents,skills an also a motivation knowing you will be rewarded and your efforts are not in vain

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What does curation mean to you in Steem Blockchain?

the word curation in English means the pattern in which good items are selected, organized and arranged and rewarded accordingly

it means no different in the steem blockchain, the curation system in the steem blockchain means to proof-read a write-up, crosscheck for plagiarism and give upvote or reward if the content was found worthy, also there is a downvote that can be given if the post was found unworthy or harmful to reader

the process of reading and rewarding great content is simply called curation

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What are the benefits of building SP?
there are so many benefits of building your sp and I will be listing a few below

  • INFLUENCE POWER: in the steemblock chain, the more steem power you accumulate increases your influence in the community you belong to

  • MORE TRON: As funny as it may be, the more steem power you accumulate, the more tron you receive per interest

  • BUILDING THE STEEM COMMUNITY: With the accumulation of steem power, it aids to build the steem blockchain community

  • CURATION REWARD: The more steem power you have, increases your ability in making more votes in the community which in turn gives you a 50% curation reward

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

  • I think self upvote is not good as it is an attempt to enforce people to upvote you
  • self upvote does not help in the steem community building as both author and curator's reward returns to the author
  • It does not show or agrees to the aim of proof of brain as it is meant to be found valuable by others and not you
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Explore Coinmarketcap.com to indicate rank, STEEM price, and coinmarketcap of STEEM(screenshot required)?

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at the current time of doing this assignment below are the current details as required

  • Rank : #185
  • Market Cap : $235,901,876
  • Price: $0.608
  • Volume: $20,405,797
  • Coinmarketcap : Circulating Supply * Price of the coin.
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What are the different tokens do you earn by socializing in Steem Blockchain?
there are four(4) major tokens that could be earned by interacting on the steem block chain

  • STEEM: This is the main token of the steem blockchain, definitely we could imagine that from the name. it is available at different exchange platform and could be converted from one cryptocurrency to another

  • SBD: The token SBD is the steem dollars that could be traded in the market to yield its equivalent in steem

  • STEEM POWER: this token is used to enhance the growth of the community, it could be powered down at any time to become steem.

  • TRON: The tron token is also among the tokens that could be earned by interacting on the steem block chain and could be used to trade on different exchange platforms

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

The tron gotten from the steem blockchain for me can be optimized by staking the the tron and waiting for the returns, also the tron can be traded into other coins on the exchange platforms

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CONCLUSION

it was a great assignment if I must confess, I learnt a lot as a newbie and I also explored the coinmarketcap website and learnt about the steem ranking and other features listed on the website about the steem

I feel the steem blockchain is the future and it should be totally harnessed by the world

Best Regards
@sapwood

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