Crypto Academy Beginners' Course - Task 1: Steem and Tron | Homework Post for Professor @sapwood

in SteemitCryptoAcademy3 years ago

Hello Steemians!

All my steemian friends. I hope you are all will be Fine. Today I am here for the Task-1 of Beginner Course. This post is especially for Professor @sapwood.

  • 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?

Question 1

What is PoB?

PoB stands for "Proof of Brain". It is primarily dominated by the knowledge Which users have based on a specific topic. It is a mechanism that is used for the distribution of the reward from the Reward Pool to the user in the blockchain. We can say in our language that it is a brain test which is used for the analysis of the article, to gaining the rewards assemble to the chain, and promote this platform to the new users, so it is a great challenging process for the curators to distribute the rewards to the best quality content holder. So these rewards distribute to users with the principle of Reward Pool. In my simple words, POB is a process that Helps Curators to distribute rewards to the users. So if we write or publish high-quality content then we will be awarded by big vote. So this is all about the PoB.

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Question 2

What does curation mean to you in Steem Blockchain?

In Simple words, the Curation is a set of the actions on steemit platform which is very important to get this for everyone who works here. And it gives them hope to work here.

So curation entails some important things:

  • Read the whole article carefully
  • Consider the quality of the article
  • Decide to give an upvote if the article is worthful.
  • Decide to downvote if it is useless and not special for other users on steemit.
  • Content must be free from Any type of Plagiarism.
  • Give a good comment so the writer encourages to publish more useful and beautiful articles.

Question 3

What are the benefits of building SP?

SP means Steem Power in the steemit platform. There are a lot of benefits of building Sp on the Steemit platform.

  1. Building SP is very necessary for work in the Steemit Crypto Academy. There are certain conditions that we have to fulfill in order to work. So we need a specific amount of SP.

  2. Building SP supports or attracts all users working on this platform. So this causes the popularity of this beautiful platform. We can also run our community own and can be verified in a very short time as it is a rule of steemit.

  3. If we Build more SP then we can get more curation rewards which are very useful for us.

4 -According to Reward Pool, we will prefer if we have more Sp.

  1. We can get more TRX, and also get more Steem Power in the form of a reward.

Question 4

How do you explain self-upvote as a good or bad social behavior & why?

Self-upvote is very bad social behavior. And it doesn't feed PoB. As Steemit is a decentralized platform so there is no rule whether we vote ourselves or others. In my opinion, it is wrong. Because we write our article for other people to like and give the rating or grade to our article. We have not right to prefer our own article. We write our article for other people so they like it and give a rating or grade to our article. And if we give our vote to someone else So we're doing a great job.

Question 5

Explore Coinmarketcap.com to indicate rank, STEEM price, and coinmarketcap of STEEM

There are many online markets that show updates of crypto coins. So coinmarketcap is one of the best Market. So let's watch about the coinmarketcap. Simply we open the coinmarketcap and let's see the main page.

12.png
Source

Here we can see all about the single coin.

So now I check the price and other things about Steem.

Rank

Here I search Steem and then it shows to me.

1212.png
Source

The rank of Steem in coinmarketcap is 184.

  • Price of Steem
    Now am going to check the price of Steem because it is very important.

121212.png
Source

Now you can easily see the price of steem which is PKR 100.88.
And its price in PKR is Rs. 100.88

  • Chart
    We can also see the Chart of any coin like steem. The chart shows us the when and how much the coin is in price at any time. So this is really a useful feature.

12122.png
Source

You can see the chart here.

  • STEEM Price Statistics

We can also check here the price statistics of any crypto coin. So let see Steem here.

11111.png
Source

We can easily observe here the following things:

  • Price Change (24h)
  • 24h Low / 24h High
  • Trading Volume(24h)
  • Volume / Market Cap
  • Market Dominance
  • Market Rank

Now am going to discuss the next question.

Question 6

Different tokens do you earn by socializing in Steem Blockchain

We earn the Tokens in the form of a reward. This reward will be in the following forms:

  • Steem Power
  • SBD
  • TRX
  • Steem (winning reward)

When we submit a post in any community then the curator votes us and this will be in the form of the above tokens.

Conclusion

This is a very informative lecture for beginners because there are many things which are very important. I really enjoy this lecture.

Special thanks

@sapwood

Regards

@ranaabdulhadi

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