Wow, thank you very much Prof. @yousafharoonkhan for this beautiful lectures. This was really an eye opener and great enlightenment.

Now to the assignment proper.

             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 should related Social Media Platforms .

MY ANSWER

Decentralized Social Media Platform Defined

This can be defined as a platform were members can register for free, then engage on, either by making post, commenting, or meeting new people, generally termed socializing and this is done without any restriction, control or direct rule from an higher authority. Example is the steemit platform.

Centralized Social Media Platform Defined

This can be defined as a platform were members register for free, and are allowed to engage the platform by meeting new people, posting, commenting, chatting but they are restrictions, direct rules and control placed by the highest authority or governing council. Example include Facebook, Instagram, Twitter etc.

Their differences further explained

Considering the CENTRALIZED Social Media Platform, like the Facebook, Instagram, and other like medias. Their usage is directly dependent on the rules from the highest authority. In that an account you have built over a long period of time can be dissolved even without your consent base on what they might have considered anomaly carried out by you in the course of you engaging the platform.

Take for instance, the case between Jack CEO of Twitter, Mark CEO of Facebook and Donald Trump. Now the former President of America was banned from using Facebook and Twitter during the heat or election, after the so many years of building his reputation on the platform without any form of consent seeking, due to what they considered misuse of the platform. I also experienced similar situation where my Instagram was dissolved without even letting me know why.

So cases like this could be so heart breaking but this is what the CENTRALIZED Social Media Platform is associated with. Therefore all users must deligently follow the rules of the media or risk an unconsentual break-off from the media by the governing body of the platform.

WHILE

In the case of Decentralized Social Media Platform like the steemit platform, registered members are given freedom of expression through content creation. Here your account can not be completely closed down without your consent.

But in cases were you go against a particular rule (since all organisation needs a set out guide to follow so to maintain orderliness) like the no plagiarism rule, you will be warned at first? And then if you continue you will later be subjected to some punishment, like posting for a particular time without rewards, so to serve as a means of correction and not your account completely shutdown as is the case with the CENTRALIZED medias.

            QUESTION 2

Which One is The Future of Social media ? Decentralized or centralized Social media.(answer must be written in own words)

MY ANSWER

Now we've been made to understand from profs lectures that it is important that this two media type go hand in hand for a great social media experience. For the sake of this question I'll give my answer thus.

The future of social media will be the DECENTRALIZED media. I choose this Because currently, the DECENTRALIZED media has created a system were members no matter thier level of engagement on the platform can get Cryptocurency rewards from the platform which can in turn be converted to thier local currency for usage. Unlike the CENTRALIZED media were you have pass through years of engagement before you could get financial reward from just engaging the platform.

I will love to add that if a part of the CENTRALIZED media is incorperated into the DECENTRALIZED media like the ability to chat between members, then the CENTRALIZED media in no time will not be very much popular any longer.

            QUESTION 3

How steemit decentralization social media is best than Twitter and Facebook.(answer must be written in own words)

MY ANSWER
I'll give two reasons for this:

• Financial Reward: Now looking at the steemit Decentralized Social Media, immediately a post is made, one of the achievement from it is the financial reward gotten. And the interesting thing is that you get this no matter your level of engagement or reputation you can always be rewarded financially. Unlike the Twitter and Facebook were you need several years of commitment, or popularity, or certain number of followers to be able to get financial rewards from post.

Picture showing financial reward from one of my post.

• Freedom of Expression: unlike the Facebook and Twitter, on the steemit platform you are the boss of your engagement. Though you should be guided by normal moral ethics but then violation does not state total dismissal from the platform like Facebook, Twitter, Instagram etc.

            QUESTION 4

What do you say? How do Steemit social media change the lives of millions of its users?(answer must be written in own words)

MY ANSWER

This question is a very important one. Starting from me steemit has been a live changer.

With steemit I have been able to maintain my siblings tuition in school, fed and have some things remain to run through with life.

Now due to this achievement, I took it upon my self to introduce lots of persons like @akcares, @proxyb, @joelmaxwell @sammypoet, @ekeminimbang @benson6 and lots more. And believe me when I say they are doing great on the platform too.

So due to the financial rewards gained from steemit from just creating creative content, individuals all around the would are having a means of survival and Vic-a-vis the platform is also getting more popular and popular by the day.

            QUESTION 5

How can we make money with Steemit's decentralized social media.(write your own experience)

MY ANSWER

Now, STEEMIT rewards it members with crypto assets such as;

• Steem
• Steem power
• Steem Dollars
• Tron

Which is claimed after 7 days of making a post. Now gaining this rewards are simply gotten from making creative post according to the theme of the community you subscribe to. And there are communities representing alot of things like art(world of xpillar and steemart), photograph(photography community) and country steems and these different communities makes it easy for any one to gain rewards from the platform.

Now after 7 days the rewards from the post is divided into 2, half goes to the curators that curated on the post, then the other half is further divided into two and shared into the authors wallet with a pre-organized division method.

Now the author decide what he/she wants to do with it. He/she can decide to use the powering up, or withdraw for usage or trade. So withdrawals can be done with any of the your countries Exchange site which do the work of buying the asset from you in exchange of a fiat currency.

Like me, when I wish to withdraw my SBD, I do that using the https://olamax.io/ an exchange platform for buying and selling of crypto assets. By Carying out the transaction with them on thier Exchange site and subsiquently transferring to @olamax with the memo gotten from the exchange site.

            QUESTION 6

How to create communities on Steemit social media ( practicle step by step ) & Promote your homework post on two social media ,twitter and facebook (just share link in comments area)

MY ANSWER

• log into your steemit account, and the with your desktop view you will see explore communities at the bottom of the communities you have subscribed to. As shown below.

• then the next page will open and you click on create community

• after that, the next page below opens for you to input the communities name and description i.e the function of the community and then you next.

• after the afore, your password and community username is sent to you on the next step were you are requested to save if and click on create community.

• after proceeding from the previous page, the next action below will require you to have atleast 3 steems for your community creation to be successful.

• after clicking ok, the page below opens

• here you input your username and either your active key or owners key or master key for this action to proceed. This is done for security reasons, incase someone else apart from you was taking this action. Then you sign in.

• boom you have successfully created a community. You then click on get started to proceed.

• with the following afore steps, creation of a community is made possible.

Conclusion

Decentralized Social Media Platform stands out as a very profitable platform to engage in. Though it has to work hand in hand with the Centralized Social media's, a proper improvement of the DECENTRALIZED social media will see the world shift significantly to the use of the Decentralized medias owing to it's benefits.

Thank you.