Steemit Crypto Academy Season 5 – Beginners Course: Homework Post for Task 2 (Steem & Tron) by @graciella

TASK 2 QUESTION 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 BEHAVIOUR AND WHY? EXPLORE COINMARKETCAP.COM TO INDICATE RANK, STEEM PRICE AND COINMARKETCAP OF STEEM (SCREENSHOT REQUIRED)? WHAT ARE THE DIFFERENT TOKENS DO YOU EARN BY SOCIALISING IN STEEM BLOCKCHAIN? HOW WOULD YOU USE YOUR TRX EARNED IN STEEM BLOCKCHAIN TO OPTIMISE EARNING IN TRON ECOSYSTEM?

What is proof of brain (PoB)?

On steemit, creativity and originality is very much promoted just as plagiarism is very much frowned at. PoB which in full means proof of brain is like the process whereby steemit users are required to use their brain in creating not only good content but also original quality content so that readers can appreciate or support through their up votes, comments or resteeming. Authors receive rewards for the uniqueness or originality of their posts from curators through their votes and the strength of the vote or reward received is determined by a curators SP (steem power).

What does curation mean to you in the steem Blockchain?

Curation is the reward you get when you vote on the posts or can be seen as the distribution of rewards to authors on the steem Blockchain. The rewards given to a post from a curator depends on how much SP the curator has. Before you vote on any post as a curator, you must have read the post thoroughly making sure that the content is plagiarism free or all sources are properly cited. If the post is of interest to the curator, they can leave their opinion in the comment section, up vote (like) or even resteem the post (sharing to the curators’ blog). But if the post is discovered to not be original (plagiarism) then the curator can down vote or even flag the post that was made. Lastly, the rewards of every post is shared 50/50 where 50% goes to the author and 50% goes to the curators on default post reward setting.

What are the benefits of building SP (steem power)?

Steem power can be gotten from post payouts and also from powering up steem. Now SP is the measure of any users’ influence on Steemit especially in reward distribution. Building SP comes with the following benefits;

• More SP increases the weight and value of the users vote.
• More SP helps in refilling your resource credit (used to post, resteem, comment etc.) faster than with less SP.
• Holding more steem power also helps you in community building.
• The more your SP the more curation rewards you also get.
• When you build SP, you are increasing the Tron rewards of your account since earning 1SP also earns you 1TRX.
• More SP helps you in supporting newbies especially or other others by up voting their post.

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

Self-upvote simple means you upvote a post made by you. I think this is selfish because it will mean first you are getting both the curation and author reward. Although voting on your post can be seen as a sign that you believe you did well or believe in the post you made, it is a bad social behavior especially here on steemit. Instead others should be the judge of your content and correct you on where you could improve plus that 2% you just “wasted” from your voting power could be used to upvote another good content from a different author other than yourself.
So personally I think self-upvote should not be practiced especially on a platform like steemit.

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

All you need to do is go to your browser and type coinmarketcap.com then search. When you open the homepage of the cite, on the search bar of the page input “STEEM” to search then click on steem

After clicking on steem, you will be taken to the page that holds all the information you need. From my screenshot, the rank of steem is 326 (circled in green), the price of steem is $0.4061 (circled in yellow) and the coinmarketcap of steem in pink circle.

What are the different tokens do you earn by socializing in steem Blockchain?

Steemit is a blogging network where authors are rewarded for their creative, original or unique content by curators and these rewards are in the form of STEEM, STEEMPOWER, SBD and TRX.

How would you use your TRX earned in steem Blockchain to optimize earning in Tron Ecosystem?

TRX can be transferred from your steem wallet to a TronLink wallet linking to the Tron ecosystem. From there, you can freeze (“deactivating” your token for some time so it cannot be used to trade or be sold) and unfreeze anytime for use so as to prevent it from getting volatile.
As the value of your TRX increases, TRX can be staked in the TRON Ecosystem to generate profit on its own because staking always the Blockchain to put into work a certain amount of crypto currency you hold.
Also you can partake in governance to earn or mine various rewards with the TRX you are holding.

I learnt a lot in the process of creating this post all thanks to professor @sapwood for the wonderful lesson and thank you too for reading.

Unless stated otherwise, all the images are screenshots taken by me on the various websites or eduted on GridArt.

Cc:
@sapwood