Crypto Academy Season 4 || Beginner's Course Task 2: Homework post for Prof @sapwood || Steem and Tron|| by @malikusman1
Asslam-0-Alaikum!
How are you all ? I hope you are all well by the grace of God. My today post is a homework task given by professer @sapwood.
🛑 || WHAT IS POB ?||
Steemit is the main cryptomoney application blockchain to compensate its user post with digital currency.
It is more similar to a web-based media blockchain that is runned by single intellectual ability in that they make its own or original content for which they are being remunerated.
Ordinary individuals get compensated for making and curating good content. Steemit platform rewards its users with STEEM POWER (SP),STEEM DOLLARS (SBD) AND TRON (TRX). iT tremendous users for their abstract commitment to the local area. The blockchain truly think about the commitment of every individual.
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The way the blockchain is planned and works is called proof of brain(PoB).
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Proof of Brain (POB) is a form of calculation utilized on Steemit to remunerate content creators endeavors. PoB is a motivator for great posts on the grounds that each great and quality post depen on a singular data is remunerated. On each post, the prize is divided into two halves between "curators and aurthors,"and it is paid out 7 days after the content is posted.
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The prize asset is use to remunerate users, with aurthors and curators getting 65% of the POB. This asset is initiated inferable from the keepers' democratic information, which is use to look for and find content that enhances the environment, and the coins are separated thusly.
🟠 ||What does curation mean to you in Steem Blockchain?||
⭕ For my purposes, Steemit curation is one of the coolest approaches to remunerate single good work,regardless of whether it isn't generally impartial because of the enormous measure of content to be curated; it's a method to compensate individuals for enhancing the biological system; when I initially joined Steemit, I had no clue about how everything functioned, except now I can clarify it in a straight and decent manner.
⭕ At the point when great substance is made and shared on this stage, it is clerify and upvoted, compensating the original post maker and caretakers. Curation on the Steemit Blockchain jam significant substance so different individuals from the steemitiz local area can see it too.
⭕ Every creative post maker has a specific number of strenght; for instance, our upvote beginnings at 0%, as we all know, however as we make content, vote, and remark on different distributions, we acquire Steem force or SP, which permits us to morely affect the stage, and our vote power at steemit platform increases.However, we can likewise search for dominent content, research its innovation, and decision in favor of it, sharing it with the goal that it is curated in a gathering way by your adherents, permitting it to be called curated content when it is vote by a gathering of individuals, and it should meet our standards of enhance the stage.
🟠 ||What are the Benefits of Buliding sp ? ||
As we know (SP) mean steem power. The more stronger sp you have , the more stronger you are. Buliding sp has many benefits.
Like:-
➡️ More impact
➡️ Your vote worth would increase so you can support the persevering post creators
➡️ Opposite to above you can downvote the content that contain plagiarism or unoriginal Opposing isn't recommend however at some where you need it in certain circumstances
➡️ By upvote would likewise get curation Rewards and they would be bigger in the event that you have more sp
➡️ Holding Sp would be beneficial for pool and thus for Steemit so in this manner you support it. It helps a great deal in advancing the good content on steemit.
➡️ getting good support from communities
➡️ get many Rewards
THESE ARE SOME BENEFITS OF BUILDING SP
🟠 || How do you explain self-upvote as a good or bad social behavior & why? ||
🔷️ Self-vote or self-upvote is a bad behaviour and wide practice among individuals from this site, chiefly between the frantic. This isn't OK conduct as I would like to think, since I feel Steemit is an informal coordination that request user contribution and commitment.
🔷️ Since the inspiration backward steemit is commitment and cooperation, where discrete can bring and port with each other, if individuals foster a propensity for self-Vote, this depreciates the foundational reason for steemit platform(commitment and collaboration), bringing about less interest among individuals since individuals are just worried about themselves.
🔷️ Moreover, a part who self-upvote their own post doesn't assist with satisfying disclosure or consider a smooth dispersion of remunerations.
🔷️ Self-upvoting implies that the client is indifferent with the local area's perspective and simply thinks often about oneself or herself, which may bring about a very inconsistent appropriation of remunerations from the prize pool, hindering and surprisingly nauseating the Proof-of-Brain idea.
🟠 ||Explore Coinmarketcap.com to indicate rank, STEEM price, and coinmarketcap of STEEM(screenshot required)?||
First open CoinMarketCap website
Click on The Search bar
Search "STEEM"
All the data of "steem" cryptocurrency will be displayed
Today's Data About STEEM
RANK: 187
MCAP: $243,700,315
VOL 24H: $12,347,478
PRICE: 0.63 $
SCREENSHOTS
👉 Rank Ss
👉 Price Ss
👉 MCap Ss
Screenshots Taken From Coinmarketcap.com
🟠 ||What are the different tokens do you earn by socializing in Steem Blockchain? ||
Steemit is a wonderfull and earning platform. If we work on steemit it gives us reward in 4 types .
These are:-
- STEEM POWER (SP)
- STEEM DOLLARS (SBD)
- STEEM
- TRON (TRX)
🛑 ||STEEM POWER (SP)||
Steem Power (SP) can be seen as an inner "cash" that isn't traded on external exchanges. An obtai of SP is basically a checked interest in STEEM. SP gives a variety of benefits to Steemit customers. SP holders procure a tailored stake in the Steem reward pool. SP holders furthermore secure extended effect in their majority rule power, thinking about the customer to give higher prizes to makers (tallying to oneself) and assurance higher pay from curation. SP can be closed down in a cycle that is spread over various weeks in which the holder bit by bit loses SP as a trade-off for STEEM.
🛑 ||TRON (TRX)||
Tron is a blockchain-based decentralized computerized phase with its own cryptographic money, called Tronix or TRX. Established in 2017 by a Singapore non-benfit union, the Tron Foundation, Tron expects to have a worldwide theater setup for the financially savvy sharing of computerized content.
🛑 ||STEEM||
STEEM is the basic plan square and money of the blockchain that Steemit depends on. Exactly when one buys STEEM, they are placing assets into the inevitable destiny of Steemit'blockchain. STEEM can be used to "power up" and become Steem Power. It can in like manner be exhanged into SBD on the inside market inside Steemit or traded on an external exchange like Bittrex exchange or OcTa fx.
🛑 || Steem Dollars (SBD) ||
Steem Dollars are the inward cash of Steemit. Its cost is more than steem we need to change over (SBD) into steem before move into trade wallet. Today cost of (SBD) is 7.95 US DOLLARS.we can purchase 12 or 13 steem with 1 (SBD). It might be changed over to STEEM, exchanged on the internal market to STEEM, or exchanged into other cryptographic types of cash on exchanges like Binance exchange or poloniex exchange.
🟠 ||How would you use your TRX earned in Steem Blockchain to optimize earning in Tron ecosystem?||
I improve my TRX make from steemit stage by marking those coins in this stage and receiving sensible recompense consequently or in any event, exchanging with such coins in conformable stages.User acquire TRX comparable to steem in the steem Blockchain. Likewise, TRX procured from my steemit account are moved to my TronLink wallet application where I store my TRX.
⭕ Conclusion
This is a very wonderfull lecture from prof @sapwood. I learn many new things from this lecture.This lecture was very helpful for me.
SUBMITTED TO:-
@sapwood
SUBMITTED BY:-
@malikusman1