Hello everyone how are you all hope so everyone is well and good so friends in today's post i will be posting my homework for Steem Crypto Accademy by professor @yousafharoonkhan

QUESTION 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

ANSWER 1:

Centralized Social Media: It is an social platform where the complete authority is with the platform itself as they are the one who creates the rules and regulations for the platform and you have to abide by it in order to stay on there platform. In short it a platform managed and governed by some set of people owning it.

Decentralised Social Media: The social platform where there is no involvement of any higher authority and where you are free to express your views without being censored is called decentralised social media. Also you are the complete owner of your social account and there is no rule to which you have to abide by.

Difference Between The Two: In general there are many differences between both types of social platform are:-

CENTRALIZED	DECENTRALISED
Used by the masses.	Only used by very few % of society due to some technicalities.
Censorship is the biggest drawback hear	There is no censorship hear infact you are the owner of your account and free to post whatever you wish to.
Privacy and data breaches are the most common thing hear.	Your data is completely protected as you have the complete authority of your account and no one else can use it.
Monetization of your content is very difficult hear.	It is super easy to monetize your content hear from the day one.

QUESTION 2:

Which One is The Future of Social media ? Decentralized or centralized Social media.

ANSWER 2:

In my opinion both are best in there own way but of course it is the Decentralised platform which has an upper edge as being a user since last 3 years i know it well and what is best for me but we can't deny the fact that at present time both are required until the mass adoption to decentralised platform takes place but the future belongs to the Decentralised platform which is an undeniable truth. The sooner the people realise it the better it will be for them.

QUESTION 3:

How steemit decentralization social media is best than Twitter and Facebook.

ANSWER 3:

As i have already mentioned in the above answer it has 2 major advantages which is enough to defeat any of its centralised rivals which is Censorship and Data Privacy. As it is been seen in the past that the voices of many have been suppressed even though the person was speaking the truth which should not be the case. Also there were many instances where the users data have been sold or even compromised which is not at all good from an user point of view. I personally have almost stopped using these sites i just use them to stay connected with others apart from it i hardly post anything there.

QUESTION 4:

What do you say? How do Steemit social media change the lives of millions of its users?

ANSWER 4:

No matter whatever we say or do our soul motive is to earn a living and if a person is able to do so then nothing can be great than that and steemit provide this facility to showcase your talent and at the same time you can monetize your content from the day one and start earning your living from it without any issue. Though the reward process takes 7 days to get into your account after which you are free to use your liquid earnings also there can be a dedicated post for the rewards mechanism too but let's keep it short i myself have seen lives changing of many people and also i myself have guided many and yes there life has also changed very drastically and how can we forgot even my life has changed a lot due to steemit.

QUESTION 5:

How can we make money with Steemit's decentralized social media.

ANSWER 5:

Making money on steemit is super easy and it comes up with a lot of ways which you can use to make money hear and the most popular among them is by posting content regarding the knowledge you possess and with this you could easily make money while following your field of interest.
My Experience: My Experience with Steemit has been great and for me i earn from many ways few of them are:-

• By posting content.
• By giving Deligation to different projects so on an average i earn around 60 steem every week from it and that too by doing absolutely nothing.
• I do take part in different contest with the help of which i do earn some amount of steem or upvotes too.

Still there are many ways such as curation, being a moderator or being indulge in some of the good community can also help you make some good amount of money for sure.

QUESTION 6:

How to create communities on Steemit social media.

ANSWER 6:

Creation of community is an step by step process which is also an way through which you could make some good amount of money too.

Step 1: At first login into your account go to the home screen and then click on this drop down for exploring different communities.

Step 2: After opening the drop-down click on explore communities.

Step 3: Now click on the creat a community option.

Step 4: Now you will get the option to create one by adding on the title of your community and what is this community made for.

Step 5: Now just fill the name of your community and some info about it after which you will ne getting the username and password for your community which you have save it securely.

Step 6: Now just proceed further and you will just have to pay the fees of 3 steem and your community will be ready. Also make sure to keep an unique name for your community as community with similar name will not be accepted.

Step 7: Now just confirm the transaction and your community account will be ready to use.

So it is that simple to create a community.

Now that's all for the homework of Steem Crypto Accademy guys so do let me know in the comments section if you have any queries or not till then thanks friends have a great day ahead.