Steemit Crypto Academy- Steem Blockchain(Inflation, Recovery Account, Encrypted Message)- Week 7 by @endersontowers
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Steemit has been an excellent ecosystem for many authors, since they are awarded for their content votes by large investors, these investors mint the currency for them to earn rewards in the same way, these are known by curators. This platform is going viral on the net as it provides sustained help for many people economically speaking and serves to continue expanding knowledge and expanding new content in our environment. Steemit will soon be one of the best highest paid social networks in the world for its leverage and the supply and demand of the internal currency since the more value a currency of this type has and how it is achieved, many users are called to this ecosystem, for the ease of registration and because it is open to the whole world.
(1) As most STEEM tokens will be minted within the next 10 years (due to inflation), how important is it to you to develop your SP in the next 10 years and generate significant power of influence in the form of SP?
It is very important to develop our SP now, since the SP is a fraction of the company we own, that is why the more SP we own the better our earnings will be and as the Steemit system your earnings are thrown by awarding votes, then we can say that By generating a high SP we can better reward the new content and the content that we like the most since according to the supply and demand of currency we can deduce how much is the prize that we will give towards a publication.
How difficult will it be to earn STEEM rewards after 2031? From 2021 to 2031 ?,
Personally, I think it will be easier to acquire steems by 2031, since by that year many users will have very high SP, and it will be very easy to receive rewards for voting for healing, if most of today's investors start to increase their SP now, for that year it will be very easy to have Steem, remembering that its market value depends on supply and demand.
How many STEEM tokens are going to be minted (approximately)?
To know how much steem will be minted from now until 2031, this simply depends on inflation and the number of blocks that are resolved each year, in the case of 2031 we have to:
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In total, 294,255,775 new steems will be minted for the year 2031.
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In what year is inflation and the bloc's reward likely to saturate (tentatively)?
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Due to the reduction in inflation of 0.42% each year, after the year 2037 to 2038 it will saturate since according to my data, inflation in 2037 will reach 0.97% and in 2038 it will be 0.55%.
(2) Who is your Steem recovery account, how do you verify it (Tip- Steemscan), does it include screenshots? In the event of any unforeseen events such as hacking, what information do you provide to the recovery account (or the trusted account) to start the recovery process?
Remembering that in this type of cryptographic platforms there is no option to recover your account by username or email, so I recommend that you keep your passwords very well in a safe and backed-up place.:
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To recover your account you simply have to open a case using the options described above, it will ask you to fill out a form which are old keys and the process will last around 30 days after the theft. If it takes more than 30 days to report it, your account will not be possible to recover it.
(3) How do you send an encrypted message (private message) to another peer on Steem Blockchain (includes screenshot / process)? What key is required to send a private message and what key is required to decrypt it? (Example / Screenshot)? Send an encrypted memo tag to exchange and send a private message to another user?
The steemit platform uses a system of key hierarchies to perform operations within the platform, therefore the most important of the master key and cannot be used for anything since it is the main key of your account.
To send an encrypted message, simply enter your wallet and go to the transfer option, when you go to perform the operation, in the "messages" box it begins with a # followed by the message without spaces around it, this message will only be seen the sender anonymously.
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Conclusion
The extraordinary topics that the cryptoacademy has is impressive, thanks to professor sapwood for sharing such a valuable topic, I have learned something new today, which I will gladly share with my friends and loved ones on the platform to expand our knowledge.
Thanks again, great topic.
@sapwood
@steemitblog
@steemcurator01
@steemcurator02
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