Steemit Crypto Academy- Steem Blockchain(Inflation, Recovery Account, Encrypted Message)- Week 7 for @sapwood

laser145 (67)Beginner[1,2,3,4]in SteemitCryptoAcademy • 4 years ago

Welcome, a big greeting to the entire community of #SteemitCryptoAcademy the ecosystem that does not distinguish social race gender and accepts everyone within its platform, is one of the largest growing platforms in the world also encourages and promotes its currency now with its new partnership with TRX gives much more popularity and seriousness within the DEX ecosystem, Within steemit the best blogs are rewarded with votes in their favor that give you sp and also SBD which can be exchanged for steem within the platform and increase the STEEM POWER (SP) then I will talk a little why this aspect is important.

(1) As most STEEM tokens will be minted within the next 10 years (due to inflation), how important is it to you to develop your SP in the next 10 years and generate significant power of influence in the form of SP?

the increase of the (SP) is very important for the future of your votes and decisions within the steemit platform the more voting power we have the more rewards we will earn, this means that a fraction of your vote comes back to you as benefits, the amount that returns to our balance we saw it in the past classes of the professor @sapwood, according to the statistics the steemit platform will be one of the largest in Latin America and the world every day we see that it is working hard on growth and we are all part of the ecosystem we see that every day the steem currency rises so we see an upward trend in the market.

How difficult will it be to earn STEEM rewards after 2031? From 2021 to 2031 ?

At present until the year 2031 you earn very good steem per year so it is not yet saturated inflation rate and is relatively easy to get the steem, until 2030 in the year 2031 the inflation rate will be saturated so it will be harder to earn steem is recommended to raise the SP in these 10 years for that date to have a little more freedom to earn some steem, this indicates that if it becomes more difficult to earn the steem prices are going upwards of each steem and sbd ,

What will happen in 2031 is that the steem price is projected to be 2.276 steem per year and a reduction of 3.46%, this saturates the market and makes it more difficult to obtain them. currently every 8.68 days the annual inflation rate decreases 0.01% according to the calculation table.

How many STEEM tokens will be minted (approximately)?

Applying the professor's formula of the moment

Steem: 391,359,030

New steem minted per block (391,359,030 x 7.692%) / (10,512,000) =2.864

Amount of minted steem : 2,864

Steem minted 2021 - 2031

Estimated virtual supply 2031 = 685,011,397.3 STEEM
Virtual supply = 391,359,030
Steemworld.org data

VE -SV = D
685,011,397.3-391,359,030 = 293,652,367.3 STEEM.

FOR THE YEAR 2031, 293,652,367.3 STEEM WILL BE MINTED.

In what year is inflation and the bloc's reward likely to saturate (tentatively)?

Source

According to the data provided by the table inflation rate & block reward (steem) from the year 2031 inflation will reach 0.95% for 2037 inflation from here is 0.42%, and in 2037 will reach 0.97% this indicates that by 2038 will be 0.55% therefore in my study

The reward will really be saturated by the year 2038.

(2) Who is your Steem recovery account, how do you verify it (Tip- Steemscan), does it include screenshots? In the event of any unforeseen events such as hacking, what information do you provide to the recovery account (or the trusted account) to start the recovery process?

When you create an account you are instructed to save your pdf form in a portable device or other storage that is not only in your computer, in addition to this there is a form in case of theft that you have as a recovery option in case of being stolen you have a maximum of 30 days to report it in the image I indicate how, you have to give information of old keys so you can not vote them for any reason if you pass the 30 days say goodbye to the account because it can not be recovered.

(3) How do you send an encrypted message (private message) to another peer on Steem Blockchain (includes screenshot / process)? What key is required to send a private message and what key is required to decrypt it? (Example / Screenshot)? Send an encrypted memo tag to exchange and send a private message to another user?

It is very easy to send an encrypted or private message go to the transfer option then to the Memo option followed by a # which without leaving spaces you write the message which only the person receiving the message will be able to see it example of this.

_steemit

Conclusion

In this research we studied and investigated the importance of Steem Power, the time we will see the saturation of the steem, how to recover an account in case of theft and the working days we have for it, also the process to send an encrypted msj that only the receiver will see this many new users ignore it so it is of utmost importance the daily learning of these platforms I am sure that thousands of users will seek such courses to learn and know much more to take action in their management of SP in the coming years to come. thanks to the academy for such a glorious cryptocademy course and to the teacher.

Cc: @sapwood, @steemitblog, @steemcurator01, @steemcurator02