Crypto Academy is indeed a wonderful initiative by the steemit team and all crypto professors are doing amazing work to make the community learn more about crypto and blockchain.

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Question no 1 : Write the definition of Decentralized and Centralized Social Media Platforms in your own words.Explain in your own words the difference between decentralization and centralization Social Media Platforms

Centralized- when we talk about centralize social media platform that means any platform that controls everything about it including users account and they are the ones who create rules and take action against users who do not abide by them. It's a platform where all the users have to follow the rules defined by the platform to keep their account active and in case of any violation platform can't close the account without waiting for the app and examples are Facebook and YouTube Twitter etc. These days we can see a lot of news and updates about such actions where the centralized platforms are banning the accounts.

Decentralised- this is completely opposite of what we had talked about the centralized platform because here user gets all the control and there is no centralized control authority that try to have control on their hands. Like if you talk about the example then Steemit is a great example where users have all the authorities with them and no one created any rule and also no one tries to control the users in any way including the correct type of content and reward distribution. etc. I can't say that with the centralized platform user is the owner of the account and there is no restriction or kind of account ban that does not exist.

Difference between decentralization and centralization Social Media Platforms

I have listed out the difference in the below table between centralized and decentralized platforms.

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Question no 2 : Which One is The Future of Social media? Decentralized or centralized Social media.

When social media was started that time people were knowing the concept of connecting with people through one of the platforms and at that time censorship was something that no one was concerned about. With the passage of time, people have got better options and even technology has evolved a lot that bought another innovation of decentralized platform. As of now, we have both the options including centralize and decent lies and now users are quite advanced and more concerned about their privacy and content. These days centralized platform or doing anything in the name of their policy and guidelines whereas with the centralized user gets complete freedom and they can't share anything that way I want without worrying about censorship.

Talking about the future of social media I feel that in the next five years things will change significantly because now centralized platforms like Facebook and Twitter are going through a tough time because people started moving from there. There have been many complaints where people are asking users to stop using Facebook and Twitter because they control the content whereas we decent lies there is nothing like this so we can surely hope that people who are not happy with this platform will make a move to decentralized since they are going to have freedom here.

If I need to talk about the future then I see the importance of both the platform because of the region. The centralized platform was started on the long back that is why they have a huge user base whereas we decentralized the number of users is quite low and it will take few more years to grow it so to promote it further we need the help of this platform to bring more traffic to decentralized social media platform.

Centralized social media platforms have gone to their peak already and I know they have started going down while decent clients platforms are witnessing significant growth and this is just the beginning so for sure we are going to have decent lies in social media in the future and things will move to this quite fast. Overall decentralized social media platform is the future and it's a truth that we can't deny.

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Question no 3 : How steemit decentralization social media is best than Twitter and Facebook.

I can answer this question in one line that Steemit is way better than other platforms like Twitter and Facebook because of many reasons. But let's talk about quiet in detail to answer this question I am going to share my experience here.
I have been using Facebook since year 2010 and I joined Steemit in 2019 so technically I have completed almost 11 years with Facebook and two years with Steemit. Now let's move ahead to understand how is Steemit has change my life whereas I have got nothing in return from Facebook for wasting my money hours every day over there.

Please have a look at the below screenshot and it's my account detail on the Steemit platform whereas I have more than 7.5 K Steem power. The value of my holding on the platform is almost 7.5 US dollars as per the current price. What I am trying to say is that in the last two years I have earned more than 7000 USD whereas with Facebook I earned nothing after spending 10 years with the platform and just suppose if I would have worked on Steemit sales them then I must be holding at least US$50,000 worth in my account.

Although Steemit was started in 2015 I wish if I would have the opportunity to join that time then also things would have been in a better place now and the reason is simple why I am saying that decentralization is the best Steemit is one of the best platforms so far we have with us. Steemit is beyond comparison with platforms like Twitter and Facebook because they do not exist anywhere to compare with Steemit.

Overall below snapshot says all that why Steemit is the best and why Twitter and Facebook cannot compete with Steemit.

Question no 4 : What do you say? How do Steemit social media change the lives of millions of its users?

I have seen here hundreds of stories where people have talked about good things for steemit because this platform has helped millions of users to change their life. We are going through a tough time for more than one year because of the Covid pandemic and this has affected our life badly in various aspects including employment and many other things. We have to agree that people are affected badly by their businesses and their jobs but for life survival, we need income and Steemit is the one that has helped many people to fulfill their survival needs. I saw anyone talking about Facebook or Twitter that they have help people on the live survival even they never donate any money as far as I know.
Steemit also does not donate money but they have given who is opportunities to everyone across the world to join the platform and earn their bread and butter through the content and many other ways.

I see my new post where people talk about that they are dependent on Steemit for their life survival. Some people say that they are pursuing higher education through steemit earning. We have seen a lot of people from Venezuela who are going through a bad economic crisis but they are here and now they are able to earn their life survival through this platform I do not know any other platform than these who can offer this kind of opportunities to everyone.

I share just a suggestion that if we can ever have a contest or initiative where the community is invited to share their gratitude and why they love working on Steemit then I'm sure we are going to have thousands of posts and people will not be able to cure it all because of posts post submission

Question no 5 : How can we make money with Steemit's decentralized social media.(write your own experience)

There are many ways to earn money on the Steemit platform and I am going to list down these methods-

• Content Creation
• Curation
• Delegation
• Challenge/Contest Rewards
• Community Earning

Content Creation

We all know that we can earn on the platform by creating content and this is one of the quite common ways that most of the users do. Needless to say that we need to maintain quality content and of course, must share the original content because plagiarism is not allowed. The better content you produce the more reward you are eligible to get if the community likes it.

Curation

Not everyone has the time and skill to create content so they choose to curate the content on the platform and this is another fantastic way to earn money because 50% of the reward paid out to the curators so if you choose the right content then you are going to have better curation reward. There are certain things to be followed while curating content that we should not upvote any post prior to 5 minute of the posting. If we curate content after five minutes and that content gets a bigger vote later then we get bigger curation reward and that's how we can maximise our curation earning on the platform

Delegation

Another way to delegate our esteem power to any account or the project and enjoy daily or weekly earning for doing nothing because project will pay new rewards for the delegation and it's like great way to earn passive income through this platform. These days we can easily earn about 30-35% if we delegate to the project and @dlease can also be the option if you are looking for various options to check before you delegate.

Challenge/Contest Rewards

The community is very active here and so many contests and challenges are running around so we can take part or reward if we participate actively and do whatever is suggested.

Community Earning

You can be part of any community and help them to work on the platform. Polities have a lot of activities to do on the platform on regular basis and if you do support them and become part of their family then you may earn some reward for that like these days Steemit team is also doing. This is another great way to earn money on this wonderful platform

Steemit team is running various initiatives where you can be part of and support them on the work so they reward everyone who is part of their community and working to add value on the platform.

Question no 6 : How to create communities on Steemit social media ( practicle step by step ) & Promote your homework post on two social media ,twitter and facebook

Community is one of the fantastic features of steemit and it has added great value to the platform. Today in this post we are going to check the steps involved in community creation. I do understand that creating a community is quite an easy task but running a community is not because it required quite a good number of subscribers, as well as these, should be active so that a good amount of content is posted. A community can be created only if the participants are active and engaging with each other is creating a community on the platform just for the sake of name is not worth it. I will go through all the steps but will pause add the last step because I do not want to add any community on the platform since I am not ready to run any community at the moment.

Open URL- https://steemit.com/communities

Select the option "Create Community"

Once we select the option to create a community then it opens a form where need to fill in the information. -

Here I have filled in the name and other information about the community. After clicking next, it shows the account name and password which we need to save. It's very important to keep this password safe.

Now, this is the last step where I need to pay 3steem, and then it will be created but I pause my steps now because I don't want to add a community on the platform with no action.

Community creation is quite an easy process that anyone can do within few minutes and the only time it required for you to create is like filling in the information about the community and after that, within few steps, it will be done.

Summary

It was wonderful learning to know more about the topic related to decentralized and centralized There are so many things that we need to learn and I was aware of very few prior to this class. I am very happy that with these weekly classes I am able to enhance my knowledge and thanks to Prof @yousafharoonkhan for sharing this great lesson.

thank you so much.

(Images are taken for post purpose only)