STEEM & TRON - Steemit Crypto Academy Season 5 - Homework Post for Task 2.

in SteemitCryptoAcademy3 years ago

1)What is PoB? What does curation mean to you in Steem Block chain? What are the benefits of building SP?? How do you explain self-up vote 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 Block chain? How would you use your TRX earned in Steem Block chain to optimize earning in Tron ecosystem?

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PoB, i.e. Proof-of- Brain, is the medium used in the Steem block chain, where prices are being distributed from the prices pool according to the Steem Power (SP) or influence power and knowledge and understanding of the janitors.

For people to separate the good stuff from the bad stuff. Given the fact that Steemit is a social media grounded block chain network, one can distribute (up vote) or redistribute ( down vote) rewards grounded on their knowledge of good or bad content.

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What does curation mean to you in Steem Block chain?

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For curation to be, the following effects will be-
✓ First the watchman has to read the post.
✓ Next, he decides how useful or engaging the post is to leave a comment.
✓ He checks for spam or plagiarism content and cautions the community in any case.
✓ It also evaluates its utility ornon-use for the community.
✓ He votes by using his voting power or SP in terms of mileage and may or may not admire the position to partake with his followers.

From these points which are given above, we understand that the curation means that the watchman will read the post, examine the post (whether it's helpful or not, or whether it's engaging and useful).

In case the post is useful and useful, he can note and bounce with his SP. He also checks whether the post has been reproduced, spammed or not.

In similar case, he can flag or warn the community's account for applicable discipline and correction. He may also decide to recognize the post to partake with his followers which increases the spread of the post.

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What are the benefits of building SP?

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For some of the following reasons it's really great to have a SP that will be placed between a stoner with 5000 SPs and a stoner with 20 SPs.
Stoner with 20 SP.

✓ Due to low SP this stoner has lower resource credits to do his deals and social conditioning.

✓ When32.5 of the total prize pool is being participated amongst the janitors, this stoner will admit a lower share of the prices than the stoner with 5000SP.

✓ TRX prices are lower than the prices entered from positions.

✓ This stoner can not laboriously share in block chain governance because his voting power at 100 is0.00. Is

✓ This stoner isn't an influencer and therefore, won't have numerous suckers.
Stoner with 5000 sp-

✓ Whereas this stoner can do a lot of deals and social conditioning like opining etc because of the huge quantum of resource credits he gets from the sp.

✓ The TRX rewards gotten from prices of social conditioning are a whole lot lesser.

✓ This stoner will admit a larger proportion of the curation prices than a stoner with 20SP.

✓ This stoner will be suitable to laboriously share in block chain governance as his or her vote will increase the prices for that position.

✓ This stoner is an influencer and, thus, will have further suckers than the opposing stoner.

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How do you explain self-up vote as a good or bad social behavior & why?

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When a Steemit stoner up- votes on his own post, his voting power (which can be used to bounce for other Steemit druggies'posts) is reduced. His voting manna also gets reduced so that he's not suitable to bounce on the positions of others on Steemit.

Also, he'll bounce for other posts at a lower chance than usual. All this explains why tone-voting is blackened.

On the other hand ( advantage) of tone-voting, when a stoner votes their own pots, the prizes claimed depend on the rate of the other votes to the advanced vote share.

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ExploreCoinmarketcap.com to indicate rank, STEEM price, and coinmarketcap of STEEM (screenshot needed)?

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Source
We can operationally and easily show Steem's rank, current Steem price and Steem's coinmarketcap.

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What are the different tokens do you earn by socializing in Steem Block chain?

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When we fraternize on the Steemit block chain, we earn the following commemoratives; TRX, SBD, SP and Brume.

We earn Brume by sharing in contests held in communities on Steemit. We also earn Steem by trading SBD in Steem and this is deduced from SBD post payout prices.

Also, we earn TRX by performing social conditioning on the Steemit platform and this is earned in the rate of 1SP1TRX.

Plus, we earn SBD by claiming prices for positions that always accompany STEEM POWER (SP).

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How would you use your TRX earned in Steem Block chain to optimize earning in Tron ecosystem?

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While prices are earned in TRX in the Steemit platform, it has numerous other uses in the Tron ecosystem similar as the bones below.

Via DApp Justland. Druggies can take their TRX and add it to the pool in the dApp Justlend. When the stoner does so, he'll earn interest
grounded on the supplied APY as well as the JToken given. Similar commemoratives can be collateralized and druggies can adopt a separate asset available in the pool.

Through the dApp JustSwap where you can trade your TRX for indispensable commemoratives of the same family.

The holder of TRX can also come the seeker of Super Representative with minimal 9999TRX. Still, the holder has governance rights which admit the block price of 16TRX, If tagged.

TRX holders have the right to bounce for 27 Super Representatives.

Users can trade their TRX for Sun using Justswap, and get mining rights in Sun.io and note, SUN-TRX LP offers the highest APY of 73.2%.

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Conclusion

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After completing this task, I have had the opportunity to further increase my knowledge about Steemit and the uses and benefits of SP, TRX and Steem. I have also learned how to check the current price, rank and coinmarketcap of Steem and TRX.