Crypto Academy Season 3 Beginners' course - Task 1: STEEM & TRON by @bench100
Hello steemit family in cryptoacademy, how are you all doing today hope you are all in safe hands, it is a pleasure meeting you all today and to be part of this lecture by prof @sapwood .
What is PoB? What does curation mean to you in Steem Blockchain? What are the benefits of building SP? How do you explain self-upvote as a good or bad social behavior & why? Explore Coinmarketcap.com to indicate rank, STEEM price, and coinmarketcap of STEEM(screenshot required)? What are the different tokens do you earn by socializing in Steem Blockchain?
What is PoB?
Answer;
P started for ""proof""
O started for ""Of""
B started for ""Brain""
POB is the name given to the method used for the distribution of curation and author rewards on Steemit platform base on proof of brain(POB) as concluded by the steem community to reward authors according the quality of their content of their post.the Author get it rewards in form of Upvote.
For one to be able to qualify for a chance to receive Authors reward on steem you have to create a quality content with no trace of plagiarism it has to be 100% originality.so that other steemit users has the right to vote a content with 100% originality.
Here in steemit and in @cryptoacademy community you can be punish for posting plagiarized content with out the source.
What does curation mean to you in Steem Blockchain?
Here in Steemit Blockchain, Curation happens when other steemit upvotes your post or when you upvote others post that is when the post is quality to be voted, that is to say before you can vote for a post or receive a upvote you have to make a quality post , you also get some rewards as Steem Power. And if after you upvoting a post and you later downvote the post the curation reward goes back to reward pool.
Curation is said to be the reward I gets from people upvoting my post and also the reward i get from upvoting other quality post.
What are the benefits of building SP?
SP also called Steem Power is the power a user has in the steem blockchain. The more Sp you have the higher your rank, that is why it is advice that everyone should be able to build their Steem power and you can build your Steem power by powering up you Steem you get from your post.
Benefit of Sp:
- When your SP is high Your Votes become more Powerful and you earn more curation reward from steemit platfrom.
- The Value of steem keep raising as individual takes hold of there steem.
- When you have high SP you are more Powerful in the steem platform
Building SP is also one way you of promote steem in blockchain market.
How do you explain self-upvote as a good or bad social behavior & why?
Self Upvote is said to be the process where someone upvote his or her content on steem blockchain platfrom.
With my own opinion self upvote is a bad social behaviour why becuase no one has the right to judge he's or her own content, you should let others decide the content you shared if it decerve upvote or not and also to confirm if the content is actually free from plagiarism.
Explore Coinmarketcap.com to indicate rank, STEEM price, and coinmarketcap of STEEM(screenshot required)?
The image is for the survey that was carried out on 10th December 2021 at 3:51pm( GMT +1)on Steem Analysis using Coinmarketcap. The information gotten is below:
Price : $0.4638
Market Cap : $183,183,195
Rank : 327
What are the different tokens do you earn by socializing in Steem Blockchain?
There are different token which can earn while socializing on steem blockchain.
I will be talking about the four different token on steemit blockchain.
- Steem
- SBD
- Steempower
- Tron
Steem:
Steem is the major token on Steemit blockchain and it can be converted to Steem Power when you power them up.SBD:
SBD is also a token in steemit platfrom you earn as an author on Steemit blockchain and it can also be converted to Steem.
- SteemPower:
Steempower this is the token power which the user has in the steemit blockchain and it can also be converted back to steem through power down.
- Tron:
Tron is also a token on steem blockchain by both content creator and curator. it is being directly into the tron wallet.
- Conclusion:
Steemit is a blockchain platfrom that gives everyone around the world to show their written skills and also ean money them self.
Thank you for reading my assignment 1 into steemit cryptoacademy i wish my Assignment is given it dul consideration, thanks you prof @sapwood.