RE: Steemit Crypto Academy Contest / S10W3 - Reward System on Steemit Blockchain
I agree with your opinion that the reward attribution In Steemit has been modified Since its inception. The changes aim To address some of the issues that arose In the reward mechanism that was originally used.
One of the issues addressed was an imbalance In the disproportionate distribution of rewards to early adopters. Convergent linear reward curves initially provide large rewards to early adopters, which can create inequality across platforms. To overcome this, modifications were made so that the prize distribution is more even and fair for all users.
Additionally, there are concerns about exploitation through vote-buying and self-voting, which could affect prize outcomes. To address this issue, Steemit hardforked in 2016 by introducing Proof of Brain, a new rewards system that places an emphasis on quality content and genuine engagement. Using an updated algorithm, Steemit strives To ensure that rewards are awarded to users who contribute substantially and provide value to the community.
These modifications aim To prevent abuse, promote fairness, and encourage the growth of a diverse and engaged community on Steemit. By increasing reward attribution, the platform hopes To motivate users To continue to actively participate and produce valuable content for the Steemit Community.
Thank you for sharing your insights about the evolution of reward attribution in Steemit. This change is an important step In developing a more Inclusive and fair platform for all users.
Good luck
Thank you very much for your nice comment.