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Hello steemians welcome to my blog today I'm really excited to write and as well as participate in this ongoing #cryptoAcademy home work task for @Yohan2on professor you are an indeed a good Man. Today I will be writting about#SBD, lets keep steemian people

Author Yohon2on

Topic of discussion SBD

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As we all know the crypto currency market has advanced and moved on, upper growth tremendously during the Last few years but now it's currently stand's at a market capitalization of $365 billion.

Remember as the crypto market grows so many #altcoin gain's popularity, as we all know we have over 50 different types of altcoins, steem is also among the uprising crypto currency round the globe.

Proceeding further what makes steem crypto currency popular?? Regarding this question I will provide a great overview of steem perhaps I will introduce you to steem purpose,

• it's team,

• history, and

• course functionality.

I Will further talk More on various cryptocurrencies as associated with steemit ie

• Steem coin

• Steem dollar

• Steem power.

Before I furge ahead you reading this Post should be aware that regarding the vascility of cryptocurrency, not all exchange platforms and wallets are to be trusted.

You should be able to choose a cryptocurrency exchange like #Bitcoin and secure wallets such as

• ledger

• Nanos and

• Trezor

To store your steem_coin safely and it will rise if steem rises as well we should also note that steem-coin is the cryptocurrency of steemit platform. A block chain that is based on social media platform since 2014.

After my various plenty research I further realised that #steemit is similar to #Reddit a designated place where user's can create and publish their content online and get rewarded for it. However there are concrete major difference though.

Like any other social network steemit is basically based on the block chain that do allow it to operate in a decentralized manner. Which means that there is no control,

• no Central authority,

• no downtime,

• no date vulnerability,

• and no data abuse.

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Moving forward more-over steemit also rewards it's user's with cryptocurrencies , so instead of posting on #facebook, Twitter, Instagram, that's Cash in on Ad revenues, you can Post into social media and even get paid for it.

The entire steemit block chain actually possesses three different cryptocurrencies on it's block chain, Here I will explain the various function's of each of then.

Steem coin

Steem-coin is a vital cryptocurrency of the great steemit netwotk, and the other two cryptocurrencies (steem dollars, and steem power) all are depending on it.

Remember steem was released in 2016, the supply of steem has practically, and automatically increased by 100% each year.

As I Will most-likely say steem is different from other cryptocurrencies bacause it doesn't only rely on minning in order to create New coin.

The steemit general Network creates New steem-coin in everyday basis, 75% of the New coin's are practically awarded to the holder's of steem power, then only 10% of the steem block reward's are awarded to minners.

Since plenty steem is created everyday it is not basically recommended to hold it for a very long time, perhaps it should be converted to steem dollars, steem power or some other cryptocurrencies like #bitcoin or #litecoin.

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If you are looking for a place to buy, exchange, and sell please try #Binance one of the most reliable cryptocurrency exchange platforms

Steem Back Dollars (SBD)

This is a basical focal point, this is the most centralized topic of discussion, another cryptocurrency of the steem block chain it is valued at 1:1 with the US dollar. It means 1 SBD, should be equal to the amount of steem that can be bought with 1 USD.

It's currently held at about $1 value rather well untill amount November 2017, the time it rocketed in the price to around $13 by the tail end of 2017, it has since connected itself though it is currently around $1,07 mark.

A steem dollar is currently intended to be stable 50% of the payment to different curators. on steemit it is processed in SBD, protect them against the fluctuations of the steem cryptocurrency. Remember the steem dollar can perhaps also be traded on several exchanges and it has a current market capitalization of 0.6 billion.

Important point to note

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You can Cash out your SBD, by converting it to Fiat, physical currency. You can also exchange SBD, for steem power.

Remember you Will benefit steem dollar for holding them in your wallet, you Will also earn 10% annual interest.

Thank you very much for reading through I really appreciate everyone who devoted his/her time to read through

Cc:@steemcurator01
Cc:@steemcurator02
Cc:@yohan2on