Steemit Crypto Academy Contest / S9W6 - Voting and Curation In Steem Blockchain
Hello Everyone!
voting and curating |
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Voting and curating are two distinct concepts in the context of content on the Steem blockchain. While they are related they have different implications and functions.
Voting
Voting on Steem refers to the action of expressing your support or preference for a particular piece of content such as a post or comment. Users can cast their votes by upvoting or downvoting a piece of content indicating their approval or disapproval respectively. Voting plays a crucial role in determining the visibility and reputation of content on the Steem platform . It allows users to participate In the Content discovery process and influence The Distribution of rewards .
curating
curating in Steem refers to the act of actively searching for high-quality content and upvoting it. Curators are individuals who review and assess the value originality and relevance of content before endorsing it with their upvotes . They play a vital role In identifying and promoting valuable content within the Steem ecosystem . Curators are incentivized for their efforts With curation rewards which Are portion of the overall rewards pool allocated to Those who contribute to The Content discovery process .
voting and curating Are related but distinct actions in Steem. Voting is the act of expressing approval or disapproval for content while curating involves Actively seeking out & endorsing High quality content through upvoting. Voting is a broader Term that encompasses both upvoting & downvoting whereas curating specifically refers to the process of Identifying & promoting valuable Content.
vote a content before 5 minutes or after 6 days 12 hours |
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No voting on a content before 5 minutes or after 6 days 12 hours of its Age in the Steem Blockchain will Not yield the same amount of reward as during the General voting period . The reward calculation is Based on the timing of the vote and follows Specific rules .
During the first 5 minutes After a post is published a "reverse auction" period takes place . In this period the curation reward is deducted in a linear fashion . By voting during These initial 5 minutes you May lose a percentage of the curation reward ranging from 100% to 0% . The deducted Amount is Returned to the Reward pool.
On the other hand voting after 6 days 12 hours of a posts age also affects the reward amount . The voting power begins to deplete linearly with 0% Depletion at 6 days 12 hours and 100% depletion at 7 days . Therefore voting at this stage may result in a reduced reward Compared to voting during the general voting period .
To check the reward Amount of a post that has returned To the Steem Blockchain's reward pool you can use various tools and platforms . One such tool is #steemworld.org Where you can enter the post's URL or username to access detailed Information about the post including its payout and rewards . By Examining the Payout details you can determine the specific Reward Amount Allocated to the post.
Author rewards:
curation rewards:
how curators can Earn More Than 100%
I have experienced how curators can Earn More Than 100% of the upvote value as curation rewards On the Steem Blockchain. Let me share an example of a post I voted on and the Projected Curation Reward .
I recently upvoted a post titled "Steemit Update May 22nd 2023" by the user "steemitblog" . link The post had been published for approximately 17 hours When I placed my 100% upvote On it . The Total payout For This post is $6.92 .
To Calculate the curation reward We need to determine the payment before Voting (P0) & the payment after voting (P1) . In this case P0 is $0 as I voted When The post Was already 17 hours old & P1 Is $1 Indicating the value of the upvote .
Using the curation reward formula:
Curator Payout = (1/2) * √PT * (√P1 - √P0)
where PT Is The Total Payout after 7 days we Can substitute the values :
Curator payout = (1/2) * √6.92 * (√1 - √0)
Curator payout ≈ (1/2) * √6.92 * (1 - 0)
Curator payout ≈ (1/2) * √6.92 * 1
Curator payout ≈ (1/2) * √6.92
Curator payout ≈ 1.32
Based on this calculation My projected curation reward for upvoting this post would be approximately $1.32. This means I can earn more than 100% of the upvote value as curation rewards specifically around 132% .
It's important to remember that the curation reward percentage May vary depending on factors such As the timing and position of the vote the total payout of the post & other variables . The Steem Blockchain's curation rewards System aims to incentivize curators to discover & support Valuable content by providing them with the opportunity to earn Additional rewards.
Role of curation |
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The role of curation in the Steem Blockchain is crucial for better content discovery . Curation involves the process of evaluating selecting and promoting high quality posts created by Other users on the platform. By curating content users help to identify valuable and engaging posts making them more visible To the community.
Curation plays a significant role in content Discovery for several reasons :
1) Quality Control:
Curators have the Responsibility of assessing the quality relevance and originality of the content. By upvoting high quality posts curators Help to Filter Out low quality OR spammy Content Ensuring that the platform maintains certain standard of excellence .
2) Community Engagement:
Curators contribute To community engagement by actively participating in the content evaluation process. They provide feedback support & recognition to content creators encouraging them to continue producing valuable content .
3) Exposure and Visibility:
When curators upvote post it increases its visibility within the Steem community. This exposure can lead to more interactions comments & engagement providing Content creators With the opportunity to gain a wider audience.
4) Rewards Distribution:
Curation plays vital role in the reward distribution system of the Steem Blockchain. By upvoting valuable content curators allocate a portion of the posts rewards to themselves as curation rewards. This incentivizes curators to discover & promote quality content Creating a positive feedback Loop that benefits both content creators and curators .
self-voting
Regarding self-voting it is a practice where user upvote their own content. While self-voting is allowed on the Steem Blockchain it is generally discouraged due to potential negative implications for the reward system .Self-voting can be seen as an attempt to manipulate the reward system as users Are essentially allocating rewards to themselves without external validation OR consensus from the community . This can lead to a concentration of rewards in the hands of a few individuals limiting the fairness & effectiveness of the platforms reward distribution mechanism .
Moreover self-voting can diminish the role of curation in content discovery. Instead of relying on the evaluation and support of the community self voters prioritize their own content regardless of its quality or relevance. This can Hinder the organic growth & diversity of the platform by Suppressing the visibility Of other deserving posts .
To maintain a healthy reward system and encourage a vibrant community it is generally recommended to Focus on curation rather than excessive self-voting . By actively curating content users contribute To the discovery of valuable posts foster community engagement & ensure a fair and balanced distribution of rewards.
i am inviting
yes right. thank you so much for your feedback
Amazing post!
Voting and curation are inter related with each other that's why some people confuse about it that they are same terms or not so you have given the solution to all of them by explaining a very good difference between both of these terms and yes they are distinct but are different from each other.
There is a lot of role of duration at this blockchain because accuration stops then everything will cease here and when there will be no encouragement in the form of curation rewards then no one will like to make the post. So it place an integral roll at this blockchain as well as if we talk about self vote then it is always discouraged by everyone at this platform because if we see it deeply then there is no logic to vote yourself so it's from not a good one act. At last I wish a lot of success to you.
Thank you for your comment. I appreciate your understanding of the relationship between voting and curation in the context of blockchain platforms. You're correct that some people may confuse these terms but they are indeed distinct concepts.
Voting and curation are closely interconnected on blockchain platforms. Voting refers to the act of expressing support or preference for a particular post or content by users. It allows the community to collectively determine the value and visibility of content. On the other hand curation involves the selection and organization of content by individuals or designated curators to ensure the quality and relevance of the platform's content.
You rightly pointed out the crucial role of curation in maintaining the ecosystem. Without effective curation the platform could become overwhelmed with low-quality or irrelevant content diminishing the overall experience for users. Curation rewards serve as an incentive for individuals to actively participate in the curation process ensuring that valuable content receives recognition and exposure.
I think you are very knowledgeable about this topic, I have learned a lot from your post. Thank you for that my brother @hamzayousafzai.
I hope you will be successful on this Steemit platform.
Greetings my brother 🙏
Thank you for your kind words and appreciation, my friend! I'm glad to hear that you found my post helpful and informative
Hola hamzayousafzai, un gusto saludarte.
Genial tu publicación amigo, has podido responder cada interrogante dada para este reto, el proceso de votación y curación en steemit es muy interesante y debemos conocer su mecanismo para sacar el mejor porcentaje de curación, además de apoyar a nuestros amigos.
Suerte.
Thank you so much for your kind words . I m glad to hear that you enjoyed my post and found the answers to the given questions in the challenge helpful . The voting & curation process in Steemit is indeed fascinating and understanding its mechanism allows us To maximize our curation rewards and support Our friends effectively.
Your article provides a good explanation of the concept of voting on the Steem platform. Voting in the context of Steem refers To the act of expressing user support or preference for content such as posts or comments. Through voting, users can give positive or negative votes indicating their approval or disapproval of a content.
The explanation regarding the important role of voting in determining the visibility and reputation of content on the Steem platform is very relevant. Voting allows users To participate in the content discovery process by casting their vote on content they find quality or interesting. By doing this, users can influence the distribution of prizes on the platform, as content that receives more upvotes has a greater chance of earning higher prizes.
This shows how important the active participation of users in voting is To build a fair and quality ecosystem on the Steem platform. Through voting, users can appreciate valuable content, promote good content, and play a role In influencing the prizes given to content creators.
Good luck.
Thank you for your comment! I'm glad you found my article informative and that it provided A good explanation of the concept of voting on the Steem platform . You've summarized the key points accurately .
Voting plays a crucial role in determining the visibility and reputation of content on Steem. It allows users to express their support or preference for posts & comments by giving positive or negative votes. This engagement through voting is essential for users to participate in The content discovery process & influence the distribution of rewards. Content that receives more Upvotes has a higher chance of earning greater rewards highlighting the significance of active user participation In voting.
By appreciating valuable content promoting good content and influencing the prizes given to content creators users contribute to building A fair and quality ecosystem on the Steem platform . It s a collective effort that helps in rewarding deserving content creators and maintaining a thriving community .
TEAM 5 CURATORS
This post has been upvoted through steemcurator07. We support quality posts anywhere and with any tags. Curated by: @chant
Hello dear brother @hamzayousafzai
I hope you are doing well.Thanks for sharing your thoughts about voting and curation with us.You have explained well by the analysis of all important points.
You are right there is a difference between these terms voting just refers towards the general support while curation includes proper evaluation and judgement of the quality content for the support.
You have also discussed well about the important algorithms that how can curator earns more than 100 percent of the curations.
Good curation is important for the development of the platform as well as for the better content discovery as you have told.
You have done a great job.I wish you success for the contest.
Thank you for your thoughtful comment! I'm glad you recognized the distinction between voting and curation. While voting represents general support curation involves a more thorough evaluation and judgment of the quality of content in order to provide support.
I appreciate that you found my explanation about the algorithms & how curators can earn more than 100 percent of the curations informative . Understanding these algorithms Can indeed help curators maximize their reward and contribute to the growth of the platform.
You are absolutely right that good curation is essential for the development of the platform and for the discovery of better content . By curating high-quality posts we can foster A thriving community and promote valuable content for others to enjoy .
Thank you for your kind words and support . I m glad you think I did a great job explaining these concepts. Your well wishes for the contest are truly appreciated . I will continue to strive for success and contribute to the growth and development of the platform .
Once again thank you for your thoughtful comment & encouragement!
Saludos
Un tema interesante y que cada Steemian debería conocer y dominar.... Hay diferencias entre votar y curar para que todos sepan día diferencias ti lo haz hecho muy bien.
Excelente participación 👌