Introduction to Blockchain Technology || Homework | Task 01 || by professor @yohan2on
Hello steemians,
I hope you all are well. Today I am going to complete a homework task recommended by professor @yohan2on.
Introduction to Blockchain Technology | Topic 1: by professor @yohan2on
Homework - Task 01
Qn. Write about at least one unique project that is powered by blockchain technology. You may write about Steem, Decenternet, or any other blockchain project of your choice. Here is a list of blockchain companies you may also want to write about.
So all I have to do in this task is to write about a unique project powered by blockchain technology. Isn't steemit the best example of this? I thought so. So I am writing about steemit by this post.
Steemit is a blockchain based blogging and social media website. It is different from other social media. Posting articles on Face book, twitter, instagram does not pay us. But by posting quality articles in steemit we get paid. And what can be posted here are our own stuff. I think steemit is the best platform for anyone who likes to write.
Founded on July 4, 2016 by Ned Scott and blockchain developer Dan Larrimer, Steamit is headquartered in Virginia, a New York City - based private company. Even though there were crashes in the early days, today all those mistakes have been rectified and the steamit is at its peak.
I am currently associated with steemit for as little as four months. I look forward to staying with the steemit for another long time and posting articles here. Registration on Steemit is free. The steemit company does not charge any fees for this. The first to register will also receive a 5 steem prize.
My steemit profile
Steemit offers users 3 prizes: Steem, Steam Power and Steem Dollar. We can win these prizes by posting quality articles.
Steem
STEEM is a cryptocurrency similar to other digital currencies. These can be traded, sold and exchanged in the open market. In the case of STEEM, the money is created by the network every day and distributed to individuals who enhance and heal the content of the platform. The more we intervene on stage, the more likely we are to make money.
Steem Power
We cannot sell steam power because it is a long term investment. With that, we can make more money because we have higher ownership of the network. Therefore, it is better to invest in steem power on steemit itself.
Steem Dollar
The value of these currencies will never fall. Steem dollars are a very stable currency and we can sell them at any time. If we create our favorite content 50 percent of our salary in the form of steam dollars, we will get steem dollars. Also, if we sell STEEM dollars after a certain period of time, we will be rewarded like STEEM Power but it will not be equal to the value of STEEM Power.
In addition to these three prizes, steemit users will now also receive a prize called trx. After the steemit company merged with the tron company, steemit users received the gift of the trx.
Finally I wish the steemit company would grow day by day.
The End.
Thanks for reading.
Regards
@yohan2on
@steemitblog
Cc :-
@steemcurator01
@steemcurator02
#blockchain #crypto #crypto-academy #steemit #srilanka #steemexclusive #yohan2on #homework
Hi @nishadi88. Thanks so much for your participation in the crypto academy community and for submitting your homework.
Steemit is indeed a great blockchain project that you have brought forward. This platform will keep growing as the usability keeps growing. It's a very attractive platform. It's concept is worth someone's time.
You have successfully completed your week 1 homework.
Thank you @yohan2on.