Steemit Crypto Academy | Summary On Homework Task Week1-Season3

Background

The Homework Task Week-1(Season 3) draws to a close on 3rd July 2021. During the last week, we witnessed as many as 43 entries.

I would like to congratulate all who participated and submitted their assignments during this week.

This week we covered-- Non-custodial P2P Marketplace-- Localcryptos. I hope you all now have a better insight into the practical side of on-chain escrow services, end-to-end encrypted chat, etc.

Those who participated this week in Homework Task-1 are well-informed now with the on-chain escrow & its functioning, end-to-end encrypted chat, Dispute resolution framework of Localcryptos, etc.

The users have also developed a better understanding of how the decentralized p2p market works.

I hope Week 1 was productive, persuasive, informative, and educative for you all.

Steemit Crypto Academy is helping you all to bridge the gap between concept and gaining experience, particularly for naive users; thereby inducing practical intelligence. The tasks are designed & structured in a way to make you familiar with the practical exploration of a use-case. In essence, you gain real experience, and you earn as well in Steemit Crypto Academy.

I would like to convey my gratitude to the Steemit Team for coming up with such an idea and organizing a team for that cause, fostering crypto literacy.

In the last six days, I have visited all the posts that have been submitted with the correct tag( #sapwood-s3week1, #cryptoacademy). So I would request all the participants to make sure that they use the correct tags and that should be among the first five tags. And also make sure you post in the Steemit Crypto Academy community.

Observation & Thoughts

We found 43 entries in the last week(Week-1). I have visited them all. 93.02% of them were found to be original content.

This week we covered the various aspects of a Non-custodial P2P Marketplace like Localcryptos, how the exchange of fiat may not be limited to domestic payment options only, you can also trade globally with a wide variety of fiat options available in Localcryptos. We also deep-dived into Escrow services of Localcryptos, how the traders interact with the on-chain escrow, and how in the case of a dispute the arbitrator steps in to resolve the case and release the asset to the rightful owner.

Those who have performed a real transaction in this Task have explored the practical side of on-chain escrow services, end-to-end encrypted chat in real-time, and the associated challenges during the trade(if any). Such users have definitely scored better. Nevertheless, all of you have gained first-hand information and experience with non-custodial p2p services.

_{The simple average score for Week 1 (#sapwood-s3week1) stands at "6.83"}

Organized writing and a curated directory of organized articles on the Trending page will also add fundamental value to Steem Blockchain & Steemit Crypto Academy. It's a continuous process and we must evolve as organized authors every day/every week through such Tasks/assignments.

This week we observed that 3 out of 43 entries were spam/plagiarized content. We have zero-tolerance for spam/plagiarism. So any such act(and/or repeating such act) would diminish your potential in Steem Blockchain. We would request all such users to follow the path of hard work.

Always go through the rules/guidelines/deadline before submitting your assignment.

I would like to highlight a few areas which need to be addressed.

• In a practical task, you always have to provide a lot of screenshots. At times your article becomes heavy and too noisy. So you should always capture a screenshot that is really needed for the subject, neither too much, nor too little. You should crop and adjust the outer edges so that it brings the attention of the readers and becomes clearly visible & readable.

• Always outline and emphasize the specific areas in a way that it takes less effort for the readers/curators to decipher.

• If you are using different styling techniques, make it consistent with its style and color.

• Any watermark or your username on the screenshot should not be too big.

• Proper alignment of the screenshot renders a professional touch.

Further, I would also request our participants to avoid redundant words/sentences. Please note that an excessively lengthy post is always a turn-off, you might not score better with such an approach. Short, sweet, concise post always wins the attention, in Crypto academy, your approach should be to the merit of the Task, subject, and its requirement. Always try to be precise & make your approach straight to the point, make it less noisy.

I would also request, before hitting the submit button, please read it at least once/twice. At the final stage of your writing, you must go for one round of proofreading to surface out the misspelling and grammatical errors. It was a major issue for most of the users this week. Please take it seriously, it will enhance the structure of your content to make it readable, succinct. You can take the help of the Grammarly app for proofreading.

The level of engagement is very poor. We want our participants to visit other's posts and produce insightful comments, make it an interactive session. At present only the professor is interacting with the participants. The student-to-student interaction is missing. We can't build an interconnected web and better content discovery without engagement. I request all of you to visit other's posts.in Steemit Crypto Academy.

Further, proper formatting is essential to make your content more organized, your content might be good, but you need to learn the skill of presentation to make it more attractive. That always wins the attention of the reader at the first sight. Use markdown styling to present it in a professional way. If you do that on a day-to-day basis you also evolve as a professional blogger in the long run.

Try to bridge the gap between "what you know" and "How you deliver" in a Task. That is much more important, and please bear in mind that if you are attending an Advanced Tier course, your analysis & the approach should be outcome-based with realistic examples/use-cases.

Statistics & Evaluation

Here is the stat of the 43 entries in Homework Task-1(Season 3)

Total Entries- 43

I have evaluated all the entries on the basis of the following parameters:-

• Proper representation of a task
• Whether covered all the sub-parts of an assignment or not
• Real Transaction to demonstrate on-chain escrow
• Proper formatting
• True representation of the text/subject(with illustration/screenshot)
• Grammar/Spelling
• Free of Spam/Plagiarism.
• Adhering to the laid rules or not
• Proof-Reading
• Original content

Of the 43 entries, I found the following three as the best entries this week.

S No	Author	Post Link	Remarks
1	@chetanpadliya	Link	An outstanding article by the author, in line with the requirements of the Task. The author is excellent in emphasizing/indicating specific areas of the screenshot to explain, easy for the readers/curators to decipher. The author managed to make it less noisy despite heavily loaded with screenshots.
2	@fredquantum	Link	The author has demonstrated on-chain escrow in line with the requirement of the Task, and also with a real transaction. The author has emphasized and outlined the specific areas of the screenshots(wherever needed) to make it easy for the readers to decipher.
3	@davosimple	Link	The author has demonstrated on-chain escrow with a real transaction. The author has beautifully demonstrated the real-time situations and practical scenarios in an on-chain escrow, with all the relevant screenshots included, also showcased the end-to-end encrypted chat.

---

We want to be fair and transparent in our approach to select the top 3 authors(weekly). Therefore we must also disclose the criteria of a tie-breaker(if any). This week we have short-listed the top 3 authors(for #sapwood-s3week1). Rank 1(@chetanpadliya) and Rank 2(@fredquantum) are fine as both of them(only two this week) scored 10/10. But for Rank 3 we have four authors who scored the same marks this week(9.5/10). So the following criteria have been applied to determine Rank 3.

• Clause 1.0- An author must have submitted at least 10 assignments in Crypto Academy[Excluding Beginner(Fixed)] and was never listed as a weekly winner in the entire history of Crypto Academy(by any professor). If YES, then the user shall be declared as the winner. If NO, then Clause 2 applies. In other words, if the frequency of winning is zero with at least 10 assignments in the history of Crypto Academy, then that shall be the criteria to break the tie.

• Clause 2.0- Lowest winning rate shall break the tie. Winning Rate= (Frequency/Total Entries)x100. Minimum total entries shall be at least 10[Excluding Beginner(Fixed)].

• Clause 3.0- If the winning rate is also the same between two or more users, then the user with the highest nos of assignments[Excluding Beginner(Fixed)] shall be determined as the winner.

Conclusion

We all are committed to creating an enriched communication environment, organizational interactions, etc which is a precursor to building a foundation of crypto literacy. The right information and education should percolate down the line and the PoB will come along to reward you(extrinsic motivation).

We will try our best to structure a task to draw real-life experiences for you, to motivate you for sustained attention to the task/academy. The participants should also reciprocate in line with the Task requirement, particularly if it demands a real trade/transactions/experience. Healthy participation and effective discussion are key to the overall success of the Crypto Academy.

We will also try our best to reinforce the principle of collectivism/democracy (but always on the basis of performance) through the crypto academy.

The crypto academy is also an avenue to learn to reason and to find & explore the passions and talents of the users in this ecosystem.

Gain as much user experience as you can. But always be your own. Don't hesitate to write what you have understood(even if you are wrong), We will take care of corrections if needed. The most important thing at the end of the day is what you learned.

The take-home message-- Develop a relationship with dApp/Exchange(or as the Task demands), Learn, Experience, Perform a real Trade, Analyze; then submit your assignment. This is the ideal path to economic advantage(upvote) & crypto literacy.

Thank you.

Cc:-
@steemitblog
@steemcurator01
@steemcurator02

Unless otherwise stated, all the images, infographics, charts, tables, etc(if any) are my original works.