Crypto Academy Season 3 Beginners' course - Homework Post for Task 1: [Steem & Tron] by obikay
(1) What is PoB? What does curation mean to you in Steem Blockchain? What are the benefits of building SP? How do you explain self-upvote as a good or bad social behavior & why? Explore Coinmarketcap.com to indicate rank, STEEM price, and coinmarketcap of STEEM(screenshot required)? What are the different tokens do you earn by socializing in Steem Blockchain?
What is Proof of Brain?
Proof-of-brain is explained in Steem bluepaper as the two terms below:
Tokens commited to inspire content creation and curation (known as the "rewards pool")
The voting system that contact the wisdom of people to go through the value of content and disperse tokens to it
These two terms combined allows the Steem blockchain to disperse a huge amount of the block rewards making use of human participation as a means of mining mechanism instead of electricity. The human work is of good value here instead of computers.
What Does Curation Mean In the Steemit Blockchain
Curation simply means
- Going through a post
- checking the quality and source of the content
- commenting on the subject matter if it's of value
- checking if is a plagiarized content
- Upvoting the content
- Resteeming to share with your fellowers as well.
Benefits Of Building Sp
Steem Power (SP) can be termed the internal "currency" which can not be traded on external exchanges. In acquiring of SP is basically a hold up interest in STEEM. SP gives different kinds of benefits to Steemit users.
SP holders obtain an automatic stake in Steem reward pool. SP holders also obtain an increase in influence in voting power, granting the user access to give much rewards to authors and also claim bigger rewards from curation.
Self Upvote a Good or Bad Social Behavior and Why?
When I don't Upvote my post I can spend more on other people's post.
It's other peoples posts that need and merrit my upvotes, not mine own post. I can make some person's happy by upvoting them, I won't know or feel the difference if I should be upvoting myself or not.
So I say we all try to do the same. Am not really saying we can do that, but it's a good thing.
Getting my credit from others for me is a good one.
Explore Coinmarketcap.com to Indicate Rank, STEEM Price, and Coinmarketcap OF STEEM(screenshot required)?
Steem price = $0.2175
Rank = #269
Coinmarketcap = $86,645,895.56
Tokens Earned by socializing in steemit block chain
Steem(STEEM)
Steem coin is the main cryptocurrency of the Steemit Blockchain, with the (Steem Dollars and Steem Power) relying on it.
Steem Power(SP)
Shows or represents your influence on Steemit platform. The more you power up, the more Sp you have.
Steem Dollars (SBD)
Is another token of the Steemit blockchain.
TRON(TRX)
Tron is another token which you also earn on the Steemit platform by also posting, commenting etc.