What are Resource Credits?
This term is defined by it’s creators the developers.
Definition:
Resource Credits are non-transferable credits given to each account based on how much SteemPower it has, which get “spent” whenever a user transacts with the Steem blockchain.
What is the purpose of Resource Credits on the Steem Platform?
They are a form of currency you spend to enact or perform transactions on the platform.
What are Transactions?
They are votes, comments, transfers and power ups. You pay or expend Resource Credits when you perform transactions or interact with the Steemit platform. Each transaction costs Resource Credits. If you have enough resource credits to cover the cost, you can perform the transaction. If you don’t have enough resource credits you get an error message telling you that you are unable to perform the transaction or interaction. You should also be aware that the cost of transactions varies depending on factors that effect blockchain perform and the available supply of resource credits.
Commonly asked questions:
How do I get resource credits?
Answer: You are given a certain amount of resource credits in direct proportion to how much Steem Power you have. You need at least 15 Steem Power to be awarded any resource credits.
If I spend all my resource credits, do I have to buy more?
Answer: No, resource credits regenerate each day by a certain percentage, which is believed to be 22% and it takes 5 days to fully regenerate your entire allotment from zero.
Can I buy resource credits?
Answer: No they can only be given to you buy Steemit when you buy Steem Power.
Can I give my resource credits to others?
Answer: No, these tokens are non-transferrable, they are attached to Hive Power. But you can delegate part of your Steem Power and the resource credits go with the delegated Steem Power.
How much do transactions cost?
Comments; 1,570,000,000
Votes; 282,000,000
Transfers; 259,000,000
Powerups 259,000,000
Knowledge is power, keep learning.
✍🏼 Written by Shortsegments, read more by me here @shortsegments
Wow! Quite elucidating as many are not abreast with the detailed nity gritty of RC as done here!
But what is the major determinant of SP{steam power} on which RC is dependent???
Can we please be a little educated on this ???
Hi
I am Happy to explain.
Powered up Steem, as Steem Power is the major determinant of how many Resource Credits you have.
Thanks!!
Is that image or video uploading directly to cdn.steemitimages.com also make a cost?
Yes
Thank you for info.☺️
Your welcome
Wonderfull post 🌹
And how about it?
https://steemit.com/fun/@shenkawys/examine-your-brain
It was an interesting post. I was unsure what the patterns were suppose to reveal about brain. Please explain?
Great. In this article, you have a detail discussion on steemit. Before reading this I was unknow about resource credit and other points that you have written in this...
Thank you, I am glad it was helpful.
But with credit to you!
You may use the article. Cute Racoon picture