Steemit Crypto Academy- Steem Blockchain(Inflation, Recovery Account, Encrypted Message)- Week 7 @eulalia1202

eulalia1202 (62)in SteemitCryptoAcademy • 3 years ago (edited)

This issue is mainly essential for community members and users in general to handle it, as it is part of the steemit platform, it is seen that this platform is transparent and secure, as it is a social network with monetized posts, therefore users they have to know everything about steem and its platform.

(1) As most of the STEEM tokens will be minted in the next 10 years or so(on account of inflation), how important it is for you to build your SP in the next 10 years and build significant influence power in the form of SP? How difficult will it be to earn STEEM rewards after 2031? From 2021 to 2031 how many STEEM tokens are going to be minted(approx)? In which year the inflation and Block reward is likely to saturate(tentatively)?

* The SP is very important to have it as high as possible, since the higher you have it, the more remuneration you will give in the vote, and the power of influence within the platform will grow a lot since the higher you have the SP, the more important and valuable it will be. your account.

* For after the year 2031 the steems will be accessible to all users since for that year the platform will have a very good career in the financial market and due to the inflation of the steem by the year 2031 it will be stable with accessible supply and demand.

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* According to the previous table by professor sapwood, we can see that according to the inflation of the year 2031, the number of blocks solved per year, and the amount of steem created by each block solved, leads us to the fact that in the year 2031 they will be created a total of 294,255,700 new steems, between the variation of the year 2021 and the year 2031.

* The saturation of the block reward through inflation, using the following diagram and drawing our own conclusions, will be in the year 2037, since inflation will reach a point of 0.97% and decreasing.

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(2) Who is your recovery account in Steem, how do you check it(Hint- Steemscan), include screenshot(s)? In the case of any unforeseen event like hacking what information do you provide to the recovery account(or the trusted account) to initiate the recovery process?

This platform, because it is decentralized, does not have a fixed option which allows us to recover an account in case of loss of the master key or theft of it, so it is recommended to be very careful when saving the personal data of the same.

If for any reason you lose your account, you have a period of 30 days to report it, if you exceed this period you will not be able to recover it, you can do it through the following steps.

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(3) How do you send an encrypted message(private message) to another peer in Steem Blockchain(include screenshot/process)? Which key is required to send a private message and which key is required to decrypt it? (Example/Screenshot)? Either send an encrypted memo-tag to exchange and send a private message to another user?

To send an encrypted message to some other user, you can do it by transferring funds by entering your wallet with your master key, remembering that it is not highly recommended to always use this type of master key since only important operations can be performed with it. of the platform, this is one of them.