Steemit Crypto Academy Contest / S10W1 -: Resource Credits Vs Bandwidth.

What is bandwidth in blockchain? Explain in your own words.

When we talk about bandwidth in the context of blockchain, it refers to the capacity or the maximum amount of data that can be processed within a certain timeframe. Think of it as the speed limit or capacity of the blockchain network.

For you, bandwidth in blockchain is important because it affects how quickly transactions are processed and how efficiently the network operates. If the bandwidth is limited, it could mean slower transaction confirmations and potential delays. On the other hand, a higher bandwidth allows for faster transaction processing and smoother operations.

In simpler terms, bandwidth in blockchain is like the network's highway capacity. If the highway is narrow, there might be traffic jams and delays. But if the highway is wider, more vehicles can move smoothly. Similarly, blockchain bandwidth determines how many transactions can be processed quickly and effectively.

It's also worth mentioning that bandwidth can refer to the amount of data that can be stored on the blockchain, especially when it comes to decentralized storage systems. This aspect relates to the blockchain's ability to handle and store data securely.

Steem Blockchain uses Resource Credits, explain how it works.

On Steemit, Resource Credits (RC) are an essential component that helps manage and allocate the available resources on the platform. RC is a way to measure and distribute the computing power and bandwidth that users can utilize for various actions on Steemit, such as posting, commenting, and voting.

For you, Resource Credits act as a sort of "currency" within the Steemit ecosystem. Every user has a certain amount of RC that they can spend on their activities. The more RC you have, the more actions you can perform and the more interactions you can engage in.

When you perform actions on Steemit, such as publishing a post or leaving a comment, RC is consumed. The amount of RC consumed depends on the complexity of the action and the demand for network resources at that particular moment. As you use RC, your available resources decrease, and you may need to wait until your RC regenerates to perform additional actions.

The regeneration rate of RC depends on various factors, including your Steem Power (SP) holdings. Steem Power represents your influence and stake within the Steemit community. Holding more Steem Power increases the rate at which your RC regenerates, allowing you to engage in more activities more frequently.

The purpose of RC is to prevent spam and abuse on the platform while ensuring fair and efficient resource allocation. By having a limited amount of RC, users are encouraged to use their resources thoughtfully and engage in meaningful interactions.

What is the difference between bandwidth and resource credit on the Steem blockchain?

image edited with Picsart

As a regular user of Steemit, it's crucial to comprehend the intricacies of the platform's resource management. Today, we delve into the world of Steemit's bandwidth and Resource Credits (RC) to unravel their differences and understand how they shape your experience. This exclusive post is tailored just for you, offering clarity on the nuances between bandwidth and RC on Steemit.

Understanding Bandwidth:

Bandwidth on Steemit relates to the network capacity allocated to handle data transmission and processing. In simpler terms, it governs the speed and quantity of actions you can perform on the platform. Bandwidth is measured in terms of Resource Credits per time period, determining the volume of transactions you can execute efficiently.

Resource Credits (RC) Demystified:

On the other hand, Resource Credits (RC) are a unit of measure used to assess the resources consumed by your activities on Steemit. RC represents the computational power and bandwidth utilized when you engage in actions like posting, commenting, and voting. Think of RC as a currency within Steemit that you spend with each action.

Differentiating Bandwidth and Resource Credits:

The key distinction lies in their nature and purpose. Bandwidth refers to the allocated network capacity, determining the speed and quantity of actions you can perform. It acts as a limitation on the number of transactions you can process within a specific time frame.

Resource Credits, on the other hand, measure the resources consumed by your actions. RC allows you to gauge how much computational power and bandwidth you're utilizing with each activity. It serves as a mechanism to prevent abuse and spam on the platform, ensuring fair and responsible usage of resources.

Relationship Between Bandwidth and Resource Credits:

Bandwidth and RC are interconnected but serve distinct purposes. The availability of bandwidth determines the maximum number of actions you can perform within a given timeframe. When you execute actions, RC is consumed, reflecting the actual resources utilized during those activities.

Managing Bandwidth and Resource Credits:

To manage your bandwidth and RC effectively, it's important to understand their relationship and how they impact your experience on Steemit. Monitoring your RC consumption helps ensure you have sufficient resources for your desired activities. Additionally, considering your Steem Power (SP) holdings is crucial, as it influences the regeneration rate of your RC.

Bandwidth and Resource Credits play integral roles in shaping your experience on Steemit. Bandwidth determines the speed and quantity of actions you can perform, while RC measures the resources consumed by those actions. By comprehending the distinctions between bandwidth and RC, you can navigate Steemit more effectively and make the most of your experience on the platform.

Remember, bandwidth determines your capacity, while Resource Credits reflect your resource consumption. Stay mindful of both, and embrace the world of Steemit with a clear understanding of these essential concepts.

What is your available resource credit? Show the step by step and screenshots are required.

Checking your Resource Credit isn’t difficult, and I would be showing the simple steps in which to go about it.

Firstly, type the below on a web browser as shown below, but ensure to input your steemit username in the part I wrote “yourusername”👇🏼👇🏼

https://steemblockexplorer.com/@yourusername

In my own case I just inputted it this way in my web browser and with my own username 👇🏼

https://steemblockexplorer.com/@israelakhere
Look below to see how I did it

Afterwards you click send, it will take you to such page below 👇🏼

And as you can see in the image above, my RC is exactly 8.61%, while my voting and downvote power is 100% respectively.

In Conclusion

Resource Credits on Steemit are a measure of the computing power and bandwidth allocated to users for their actions. They act as a currency within the platform, consumed when performing various activities, and regenerate over time. The amount of RC you have and the rate of regeneration depend on factors such as your Steem Power holdings.

this is who I am