Steemit Crypto Academy Contest / S10W6 - Delegation On The Steem Blockchain
Delegation On The Steem Blockchain |
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Greetings Steemians!
Blockchain Steem has revolutionized the world of social media by introducing a unique feature called delegation. This groundbreaking process empowers users To share their power and influence within the network, Fostering collaboration and community building.
Delegation on the Steem blockchain has become a powerful tool for users to shape the future of the platform, Enabling them To delegate a portion of their Steem Power to trusted Individuals or communities. By understanding how delegation works and its primary objectives, we can delve into the Fascinating world of Steem and explore the secure and transformative nature of this process.
Explain in your own words the delegation process on the Steem blockchain, how does it work? What are its main goals? And Is it a safe process? |
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Delegation on the Steem blockchain is a process whereby owners of Steem Power (SP) can lend their powers to other accounts In the network. This is done through a smart contract called a "delegation contract". Its purpose is to give the delegated account the ability To use and manage a portion of the lent SP for a specific purpose.
The way delegation works is as follows :
when someone wants to delegate, he sends a request to the smart contract specifying the account recipient of the delegation and the amount of SP he wants to lend. Once the request is accepted, the smart contract changes the SP ownership record in the system and allocates the appropriate powers to the receiving account. That way, recipient accounts can use the SP to participate in voting, provide support for content that is considered valuable, or for other purposes permitted in the Steem network.
The main purpose of delegation is to encourage active participation In the Steem ecosystem. By lending SP powers to other accounts, SP owners retain their ownership while giving others the opportunity To use those powers. This enables a more even distribution of power within the network, as well as encourages collaboration and interaction between users.
The delegation process in the Steem blockchain can be considered relatively safe. The smart contract governing delegation is designed to ensure that SP owners retain control of their assets. While the receiving account can use the lent SP, The owner of the SP retains the ability to revoke the delegation at any time if they wish. In addition, The Steem blockchain system uses a consensus algorithm that has been tested and widely implemented, Which provides security and reliability to the delegation process.
Have you ever delegated SP amount to a user or community before? If so, tell us, did you do so voluntarily or at the request of the party you delegated to it? And why did you withdraw your delegation? |
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During my journey in Steemit I have never delegated Steem Power to other users, For me Steem Power is a super power that is within me. I feel that my Steem Power is not strong enough To be released to others. I thought, I still have a lot to learn and explore In Steemit before I'm ready To give this power to others!
It seems to me that delegating Steem Power is a commitment. When I give a small part of my power To another user, I also give a part of myself. And evaluate how ready I am to step up In sharing my strengths with others.
I'm still in the building phase, accumulating more Steem Power, and growing my influence on the platform. I want To make sure that when I delegate, I do so with care and make a significant contribution to the Steemit community. I am constantly exploring, participating, and honing my strengths In Steemit. One day, When I feel I have built a solid foundation, I will feel more confident and ready To delegate my Steem Power To other users.
Do you delegated SP without worrying about using it as long as you collect your daily or monthly fees? |
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Why worry when I'm giving another user a fraction of my power? Until now, I have never delegated Steem Power to other users, Maybe if I delegate Steem Power To other users, I will find fulfillment and joy In using my Steem Power To give voice To the content I love, amplifying my own voice In the community , and built my own reputation.
When I look at the Steemit platform, i see endless opportunities. There is no limit To what I can achieve With my Strength alone. I feel that The Steem Power that i currently have is not big or strong enough To be delegated To others.
Are you with or against the SP delegation to the communities? Why? If accepted, on what criteria will your choice of society be based? |
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I support delegating Steem Power To the community. One of my main reasons for Supporting delegating Steem Power to the community is To empower the community directly. By giving power To the community, It can give them control over Important resources In the Steem ecosystem.
With Steem Power delegation, The community can make decisions related To content curation, prize allocation, and development of community initiatives. This allows them To have complete control over Their own destiny and direct the direction of their community's growth.
Steem Power delegation also allows communities To leverage their local expertise. They have a deep Understanding of their own needs and preferences. By empowering them, decisions made will be based on first-hand experience and insight Into what is best for their Community.
Based on the criteria, people's choice in the Steem Power delegation can be based on several Important factors. First, the level of community participation must be a major consideration. Delegation should allow maximum participation from community members, So that they feel ownership and are actively involved In decision-making.
Communities must have good mechanisms in place to solicit input from members, consider diverse opinions, and make decisions that take into account the common interest. Distributive justice is another Important criterion. Steem Power delegates must ensure that resources are distributed fairly among community members. This can be done by paying attention To individual needs and contributions, and ensuring that the benefits and rewards resulting from delegation reach all members of the community.
Finally, the ability to respond quickly To changes and local needs should be considered. Communities must have the flexibility and responsiveness To adapt To changing situations and take The necessary actions To meet The needs of their communities.
So, I support delegation of Steem Power to communities enabling direct empowerment, use of local expertise, active participation, quality of decision making, distributive justice and responsiveness to change. All of these criteria together create an Inclusive, robust and dynamic ecosystem for the Steem community.
Are you with or against the SP delegation to users without benefits in return? Why? If you agree, on what criteria will your choice of user be based? |
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I support delegating Steem Power to users without reward. One of my main reasons for supporting delegation of Steem Power without reward is To encourage collaboration and solidarity within the Steem Community. By providing delegation without reward To users, It can create an environment where users can help each other without thinking about personal rewards.
Delegation without reward promotes a spirit of togetherness and mutual support among Steem users. This shifts the perspective from a focus on rewards to a focus on useful contributions To the community as a whole. Users will not seek direct benefits in the form of rewards, But rather the satisfaction of Providing benefits To others.
By eliminating rewards, delegation becomes more transparent and pure In its intentions. Users who receive delegates do so because they want to contribute, share knowledge, or help move the community forward. This creates a more altruistic environment and strengthens social bonds among Steem users.
Based on the criteria, the user's choice in delegating Steem Power without reward can be based on several important factors. First, active involvement In the community must be a primary consideration. Users wishing To receive delegation without reward must have a positive contribution record and be involved In community activities.
In addition, integrity and ethics are also Important criteria. Users who receive unpaid delegation must be trusted and have a good reputation In the community. They must demonstrate a commitment To act fairly and responsibly In the use of the delegation assigned To them.
Furthermore, The potential influence and impact that can be created by users must also be considered. Users' choice should be based on their ability To use delegation wisely and generate significant benefits for the Steem Community as a whole.
Lastly, collaboration and teamwork spirit should be an Important factor. Users who receive unpaid delegation must be able To collaborate with other users, share knowledge, and make positive contributions To community projects and initiatives.
By selecting recipients of delegates based on active engagement, integrity, potential for influence, and a spirit of collaboration, I can ensure that Steem Power delegates without reward provide the greatest benefit to the community and advance the values of collaboration within the Steem ecosystem.
Closing |
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In the Steem blockchain ecosystem, the delegation process is one of the features that allows users To share power and strengthen relationships within the community. By delegating some of their Steem Power to other users, users can give others limited access to influence important factors In the network.
The main goal of delegation is To provide users with greater flexibility and participation. By delegating trusted Individuals or communities, Users can build strong and mutually supportive relationships within the Steem community.
This delegation process is relatively safe, because only a small portion of Steem Power is delegated. The user receiving the delegation does not have the ability to transfer token ownership or access the delegator's user account. However, it is important for users to choose their delegates wisely and carefully, In order to minimize the risk of abuse of the powers granted.
With a delegation process, the Steem blockchain empowers users to actively participate in decision-making and platform development. This reflects the spirit of democracy and collaboration that underlies blockchain technology. In facing challenges and building a better future, delegation becomes a powerful tool to strengthen the Steem community and encourage innovation.
As such, delegation on the Steem blockchain is an important mechanism for expanding participation and strengthening relationships within the community. Through wise delegation, users can leverage their power To create a positive impact on this social media platform.
In this contest I invite @newby , @isha46 ,@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-s10w6 |
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Steemexclusive |
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Thank you for sharing information about the delegation process in the Steem blockchain ecosystem. It's indeed a valuable feature for sharing power and strengthening community relationships. Best of luck.
Thanks for reading and commenting on my post.
Welcome brother @rezvan
Saludos amigo rezvan.
La delegación es algo personal, es nuestra decisión realizar una delegación sea a un usuario o a una comunidad, esta bien que sientas que aun no posees suficiente Steem Power para delegar a otros, el mayor beneficio que te puede traer realizar una delegación es ganar steem liquido, ya que algunas comunidades pagan por ello.
Te deseo mucha suerte con esta participación.
It is true that delegation is a personal decision and it is the right of every Individual To delegate to the user or community they choose. Thank you for your support of my Participation.
¡Congratulations!
This post has been supported through the account Steemcurator06. for containing good quality content.
@suboohi Thank you very much for your support.
Well done @rezvan! Your article on delegation in The Steemit blockchain for the Steemit Crypto Academy contest is truly impressive . you provide A comprehensive understanding Of delegation emphasizing Its significance benefits & potential risk s. I appreciate how you explain the delegation process in a clear and concise manner making it accessible for Readers of all levels . Your article is well-structured engaging and offers valuable insights For individuals looking to maximize their engagement & rewards on the Steemit platform. Keep up the excellent work!
Thank you very much for the compliment given! I am happy To hear that my article on delegating on Steemit Blockchain for the Steemit Crypto Academy contest Provides a comprehensive and useful understanding for you.I also appreciate your appreciation of the Structure and usefulness of the article. I will continue To strive to provide quality content and provide benefits To readers.
Thank you again for your support and compliments.
Thank you, friend!
![image.png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmd7of2TpLGqvckkrReWahnkxMWH6eMg5upXesfsujDCnW/image.png)
![image.png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmWDnFh7Kcgj2gdPc5RgG9Cezc4Bapq8sQQJvrkxR8rx5z/image.png)
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Fantastic presentation my dear friend , you have explained the need to delegate steem and also wised to delegate when you accumulate enough so that your delegation can be useful but despite that you have not delegated any yet are still in support of delegating steem in this blockchain. I wish you success.
Thank you very much for your compliment and support, my friend! I really appreciate it. I am glad that The presentation regarding the need To delegate STEEM has been useful To you. Thank you again for your positive words and I wish all of us Success In our journey in this world of blockchain.
You are highly welcome sir.
It is true that choosing who to delegate to is a matter of personal preference, and everyone has the freedom to do so. I appreciate your help with my participation.
And I have also made my post regarding this competition, if you want, you can come to my post and express your views.
Of course, I will be happy to come to your posts and give my views. I appreciate the opportunity To participate in discussions and share my perspective. Thank you for the invitation and thank you for your appreciation of my help In the contest. I am happy to be able to help and contribute to this community. Let's continue To collaborate and support each other on the Steemit Platform.
Welcome Bro
Greetings 🤠
Thank you so much brother for mentioning me in your post and provided me an opportunity to read your valuable thoughts and views about the delegation process. I'm very glad to read your publication.
Success to you 🤗
Thank you very much for your very kind regards and expressions of thanks.
good luck.
You are always welcome brother 😊💕