STEEM and TRON - Steemit Crypto Academy Season 4 - Homework Post for Task 2 // @fiaznawaz

fiaznawaz (56)Beginner[1,2,3,4,5]in SteemitCryptoAcademy • 3 years ago

Question 01:

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

PoB, meaning Validation-of- Brain, is the machinery being used in the Steem block chain, where rewards are being distributed from the prices pool in harmony to Steem power (SP SP) or influence of the wisdom and the understanding of the people to secern good content from bad content.

Given the fact that Steemit is a social media rested block chain network, the individual can distribute (up vote) the prices or redistribute ( down vote) the prices rested on his knowledge of good or bad content. The Proof of Brain sums up to 65 of the Prices total which is for the SP or voting weight and the wisdom of the junkies.

What does curation mean to you in Steem Block chain?

For curation to take place, the following points must be kept in mind.

• Firstly, the sexton has to read the post.

• Next, he decides on how helpful or engaging the post is to drop a comment.

• He checks for spams or manipulated content and notices the community in case of any.

• After that, evaluates the serviceableness or uselessness to him or the community.

• He votes using his voting power or SP in case of serviceableness and may or may not resteem the post in order to participate with his followers.

From the erstwhile points, we see that curation means that the curator will read the post, examine the post (whether it's helpful or not, or whether it's engaging and useful or not). In case of the post being helpful and useful, he may reflect and propose with his SP.

He also checks whether the post is doctored, spammed or not. In case of matching, he may flag or wake the community account to the post for due chastisement and correction. He could also decide to resteem the post in order to partake with his followers so enlarging the post’s exposure.

What are the benefits of assembling SP?

Holding SP is really great because of some of the following reasons which shall be put in the form of points between personalities with higher level of SP and one with lower SP.

[Source](Power point : Ms office)

From the aforementioned points, we can definitely see how the addict who has assembled his SP to 5000 has so advantages over addict with only 20 SP, so, showing us the great benefits of supersizing our SP.

How do you explain genius- up vote as a good or bad social demeanor & why?

When a Steemit druggie does an up vote on his post, his voting power (which could be used to propose other posts of Steemit freaks) reduces. His voting manna also decreases causing him to not propose the posts of others on Steemit. Also, he'll propose other posts at lower odds than normal.

All these explain why genius-voting is lowered upon. On the other side of genius-voting, when a druggie votes his/ her own pots made, the prices claimed will be really high depending on the rate of the up vote to the other up votes.

Explore Coinmarketcap.com to indicate rank, STEEM price, and coinmarketcap of STEEM (screenshot required)?

Source

Screenshot_20210920-222931_1 (1).png
Source

From the erstwhile screenshot taken we can see the rank of Steem, the current Steem price and the coinmarketcap of Steem circled and shown definitely.

What are the different remembrances do you earn by mingling in Steem Block chain?

When we mingle on the Steemit block chain, we earn the following remembrances; TRX, SBD, SP and Steem. We earn Steem by sharing in contests organized in communities on Steemit. We also earn Steem by trading SBD to Steem and this SBD is gotten from post payouts prices. Either, we earn TRX by performing social exercise on the Steemit platform and it's earned in the rate 1SP1TRX. Also, we earn SBD by claiming the prices of posts which is always accompanied by STEEM POWER (SP SP).

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

When prices are earned in TRX in the Steemit platform, it has so numerous other uses in the Tron ecosystem given below.

• Through the dApp Justlend. A stoner could take his TRX and add it to the pool in the dApp Justlend. When the stoner does that, he'll earn interest at a rate rested on the Supply APY and also, being given jtokens. Suchlike souvenirs could be collateralized and the stoner can takeon a different asset available in the pool.
• Through the dApp Justswap where you can trade your TRX for an requisite souvenir of thesame family.
• The stoner can trade his TRX for Sun using Justswap, and gain mining rights inSun.io and take note, SUN-TRX LP offers the uppermost APY of73.2.
• The holder of TRX has voting rights to propound the 27 Super Representatives.
• The holder of TRX could also waxed a prospect for Super Representative with a minimum of 9999TRX. Notwithstanding, the holder has governance rights who take block prices of 16TRX.

Conclusion.
After prosecuting this task, I've gotten to increase my knowledge of Steemit more and also, the uses and benefits of SP, TRX and STEEM. I've also learned how to check the current price, rank and coinmarketcap of STEEM and TRX.