Steemit Crypto Academy Contest / S10W5 -: Getting to know Mvest
Getting to know Mvest |
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Greetings Steemians!
" Behind complex screens and innovative technologies hides a world that is changing the way we Interact, do business and create. Welcome to the era of the digital revolution that accelerates change and opens the door to an amazing future."
What is Mvest? |
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"MVEST" stands for "Minimum Viable Economic System Token". MVEST is one of the digital assets operating on the Steem blockchain network.Steem is a blockchain platform that allows users to create and interact with content, and also incentivizes users To participate in the network by providing rewards in the form of Steem tokens. MVEST is used as a gauge and unit of measure In the Steem economy.
MVEST is used to calculate and determine a number of economic factors in the Steem network, such as Voting Power, Resource Credits, and the value of votes. MVEST values may change over time depending on economic activity and network consensus.
The unit of measurement in Steemit called Mvest stands for "million VESTS". VESTS itself is the basic unit used In the Steem system to measure the amount of Steem Power (SP) possessed by a user.
Steem Power (SP) is an asset in the Steem network that gives influence to users. The greater the number of SP that a person has, the greater the influence on the Steem network, especially in terms of voting and rewards.
The SP measurement system uses VESTS as its base unit. 1 SP is equivalent To 1 VESTS. For larger numbers, The unit Mvest (million VESTS) is used. One Mvest is equivalent To 1 million VESTS or 1 million SP.In some cases, The unit of measurement Mvest (million VESTS) is used To provide a bigger picture of the size of one's SP holdings. In this context, Mvest is used to indicate a very large amount of SP, amounting To millions of Steem Power.
What is the relationship between Mvest and Steem? |
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MVEST is a unit of measurement in the Steem economy. Steem is a blockchain platform that enables users To create and interact with content, as well as earn incentives In the form of Steem digital assets. MVEST is used In the calculation of several economic factors In the Steem network.
Within the Steem network, MVEST is used to measure Voting Power, Resource Credits, and vote value. Voting Power is a measure of the voting power of users in voting on content or proposals In the network. Resource Credits are the resources needed To carry out transactions and participate In the Steem network. Votes are a calculation used To determine the reward users receive for the content they produce or curate.
MVEST itself is a digital asset that cannot be traded freely outside the Steem network. It serves as an internal gauge To regulate and control economic activity within the Steem network. Changes In the MVEST amount can affect economic factors calculated using MVEST.So, MVEST and Steem are related because MVEST is used as a unit of measure In the Steem economy. MVEST helps In regulating and influencing economic activity within the Steem network.
How many Mvest does your account have? Show screenshot |
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My current Steem Power is 1,284,422, and the screenshot shows that my Vest is 2,259,394.933466. In This context, I will calculate how much Mvest I have based on the given Vest.
In the Steem Power measurement system, 1 SP is equivalent to 1 VESTS. The unit Mvest (million VESTS) is used for larger numbers, where 1 Mvest is equivalent To 1 million VESTS or 1 million SP.
To calculate the Mvest amount, I need to divide the number of Vests I own by 1 million:
2,259,394.933466 VESTS ÷ 1,000,000 = 2,259.394933466 Mvest
So, based on those calculations, I have about 2,259.394933466 Mvest.
By knowing the amount of Mvest I have, I can understand how much influence and voting power I have In the Steem network. The greater the Mvest amount, The greater my influence and power In voting and getting rewards on the Steemit platform.
Assuming that your account has 35,000.00 Steem Power, how many Mvest is it equal to? |
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In this case, I will check the number of Mvests based on the power of Steem Power (SP) of 35,000. The Screenshot shows that the vest number that appears is 61,567,776.837372. Using this information, i can calculate The amount of Mvests That my account has.
In the Steem Power measurement system, 1 SP is equivalent to 1 VESTS. The unit Mvest (million VESTS) is used for larger numbers, where 1 Mvest is equivalent To 1 million VESTS or 1 million SP.
To calculate the number of Mvests, I need to divide the number of vests I have by 1 million:
61,567,776.837372 VESTS ÷ 1,000,000 = 61.567776837372 Mvests
So, based on these calculations, my account has around 61.567776837372 Mvests with a Steem Power of 35,000.
Closing |
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" When we continue To explore and learn, The world becomes a limitless place, and opportunities have no limits. Let's continue To explore knowledge, develop potential, and make our lives a colorful canvas."
In this contest I invite @newby , @stanley52, @newtonb,@emultiplex and @abdullahw2 to take part in this interesting contest.
Thank You So Much For Reading My Blog |
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Cryptoacademy-s10w5 |
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Steemexclusive |
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Thank you, friend!
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Hello, I commend you for your nice entry. Not everyone understands this topic as you have done. Your posts is quite detailed and you use simple terms.
I wish you success!
Hello! Thank you for your very kind compliment. I'm happy to be able To provide useful explanations and ease understanding of the topic. We wish you success In all your endeavors too!
This post has been upvoted through steemcurator08. We support quality posts anywhere and with any tags. Curated by: @chant
@chant thank you very much for support.
Hello brother 👋
It seems that you have understand that topic very well and that is why you have briefly explained every question of that contest. Your publication is very much informative.
Thank you so much for inviting me. Brother I have also published my entry about that challenge you can check it 😜.
Success to you 🤗
Hello! Thank you for the excellent comment. I'm happy to help and provide informative explanations. I would love to see your entry published about the challenge published.
You are always welcome brother 😊❣️
Hola amigo, espero estés bien. 🙏
Muchas gracias por compartir su contenido en la comunidad. Realizó un maravilloso trabajo y pudo indicarnos con sencilla y aceptadas respuestas que es un Mvest y la relación que tiene con el Steem.
Mostraste de manera perfecta la equivalencia exigida, suponiendo que cuenta con un monto de 35.000,00 SP, en Vest.
En general pudiste hacer un buen trabajo. Le deseo la mejor de la suerte..
Bendiciones para usted 🙌
¡Hola! Muchas gracias por tus amables palabras y por apreciar mi trabajo. Me alegra haber podido brindarte respuestas claras y útiles sobre el concepto de Mvest y su relación con Steem. Fue un placer poder ayudar y ofrecer información relevante.
Te deseo mucha suerte y bendiciones también! Que tengas un día maravilloso.
Absolutely! The thirst for exploration and continuous learning is what propels us towards boundless possibilities. As we delve deeper into knowledge and unlock our potential, we paint our lives with vibrant experiences, transforming our existence into a masterpiece of endless opportunities. Let's embrace this journey of growth and create a life filled with colors!
Rizwan bhai Apne topic ko bahut acche andaaz mein cover karne ki koshish ki hai jiski vajah se main aapko dant deti hun aur upar Jo baat Maine aapki copy ki hai aur jo chij highlight ki hai Main UN sab chijon se Hi To baat Karti hun aapane bilkul theek kaha hai aur ismein kuchh bhi aisa Nahin hai jisse Main disagree kar sakun kyunki aapane exactly to the point baat ki hai aur topic se hatkar koi bhi baat nahin ki
Aapane dusre question mein relationship bahut acchi Tarah se explain kiya hai aur bahut sari unique chijen Hain Jo mujhe aapki post se dekhne ko Mili hai otherwise bahut sare users ne sem baatein likhi hui