Crypto academy season 3: beginnings' course- task 1 by @ladyofpolicy for prof @sapwood.

in SteemitCryptoAcademy3 years ago

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Hello everyone,
Its such a pleasure to participate in this assignment task. Special regards to professor @sapwood for such an amazing lecture,indeed I really learned so much from this lecture and with regards to the things I learnt,I will proceed in answering the questions for this homework task.

QUESTION ONE (1).

•WHAT IS POB?
•WHAT DOES CURATION MEAN TO YOU IN STEEMIT 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 THE COINMARKETCAP OF STEEM(SCREENSHOT REQUIRED).
•WHAT ARE THE DIFFERENT TOKENS YOU EARN BY SOCIALIZING IN STEEMIT BLOCKCHAIN?

ANSWERS.

•WHAT IS POB?

POB is an abbreviation for the word "proof-of-brain".In my own little understanding and with experience in my steemit journey,I will say that proof of brain or POB is the ability of a writer to create an original and quality content by himself/herself without borrowing another person's work or idea.It can also mean the same thing as brain work.In steemit blockchain,brain work is highly needed because your effort in the ecosystem is being rated by the quality of your content and the quality of your content is dependent on your brain work and with this the level of plagiarism is very low.Based on POB,any content that is original is being rewarded by the curators and such content creator gets 65% of the POB work but any plagiarism content gets no reward. Example of POB is @steemalive-market-place (https://steemit.com/hive-167622/@steemalive/we-present-to-you-our-brand-new-project-steemalive-marketplace) which was birthed as a result of someone's brain work..

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screenshot of steemalive market place,an example of POB

•WHAT DOES CURATION MEAN TO YOU IN STEEM BLOCKCHAIN?

The word curation in steem block chain means rewarding content creators for a quality content they post on the steemit block chain. Although curation means rewarding writers or voting on a quality post,before a content will be tagged curated content,the curators(most especially) and other end users of steemit block chain must have read the content,check the originality of the content to avoid plagiarism,comment on the post according to what they got from the content,resteem the content in their blog page to enable their followers see such interesting post,and finally upvote the post if they find such post worthy.

•WHAT ARE THE BENEFITS OF BUILDING SP?

The word SP means steem power and your steem power is what gives you influence in the steem block chain so the benefits of building SP can not be overemphasized...

• The more SP you have,the more influential you become in the block chain.
• Higher SP enables a user to earn 15% of the total reward pool,hence there is a need to build sp.
• Higher SP gives higher monetary value when the holder voted on a post.
• Higher SP enables one to actively participate in the block chain governance.
• Higher SP gives one a greater voting power when voting/curating a post.

• HOW DO YOU EXPLAIN SELF UPVOTE AS A GOOD OR BAD SOCIAL BEHAVIOR AND WHY?

Self upvote for me is a bad social behavior.

My reasons;
Self upvote simply means voting on ones content by oneself and its a bad social behavior because steemit block chain is built mainly for building relationship and encouraging other writers so by voting for yourself you are not promoting the aspect of building relationships,doesn't support the proof of brain of others and also it doesn't build community nor support others.

•EXPLORE COINMARKETCAP.COM TO INDICATE RANK,STEEM PRICE AND THE COINMARKETCAP OF STEEM(SCREENSHOT REQUIRED).

In order to explore coinmarketcap.com,simply click on http://coinmarketcap.com,then when the site opens,you will see all you are looking for by typing steem on the search button.

IMG-20210624-WA0013.jpg

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screenshot

According to the screenshot,
Rank is #199
Steem price is $0.256
Coinmarketcap of steem is $103,009,082.18.
Note...The information about steem according to the site is not fixed but rather is the current steem update as at the time of this post.

•WHAT ARE THE DIFFERENT TOKENS YOU EARN BY SOCIALIZING IN STEEMIT BLOCKCHAIN?

There are four (4) major tokens I earn by socializing in steemit block chain and they are as follow;

• STEEM;
As the name implies,its a tradable coin that can be exchanged at any point into fiat currency or a coin that can be changed into steem power through a process called powering up. I earn it in steemit block chain mainly by participating in community contests.

•STEEM POWER;
It is a type of token that gives one influence in the steemit block chain and I earn this token mainly through creating quality content,by voting on other people's post(curation reward) and also by powering up my steem. It can also be converted to monetary value by a process called powering down.

• Steem dollars (SBD);
This is a token that has a greater monetary value amongst others and I also earn this token by creating a quality content. This token can also be converted into steem.

• TRON;
Tron is another token that I earn through the steemit blockchain by creating quality content and it can also be changed into monetary value.

CONCLUSION

Steemit block chain is one of if not the most outstanding decentralized social media platform ever in the history of man and the fact the we earn and learn at the same time through the block chain makes it more outstanding.

Thanks.
CC:
@steemblog
@sapwood

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 3 years ago 

Hello professor @sapwood,today is the 4th day of my homework and it haven't been accessed/marked by you sir

All are being curated chronologically by the professors assigned. Have patience. They will find you soon.

Thank you.

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