Steemit Crypto Academy | Summary On Homework/Task 4: All About the Ethereum Blockchain

Week four was a long week with a lot of assignments being submitted. At the end of the week, there were about 107 assignments submitted by students. The aim of the weekly summary is to share thoughts, observations, and recommendations about the week. The increasing participation of students in the weekly task is really encouraging and I hope to see more interaction and more assignments this week.

In the previous week, we discussed Ethereum and the Ethereum blockchain. If you didn't attend the class, you can go through it here "The Steemit Crypto Academy Week 4: All About the Ethereum Blockchain"

Observation, Guidiance, and Reactions

A lot has improved over the past few weeks but a lot of work still needs to be made. A few includes;

Plagiarism

This is one plague that needs to be cured or controlled in the community. I read a lot of content which were plagiarized. To be sincere, some people do not know that what they are doing isn't right, while some know what they are doing and have even grown skills of creating a plagiarized post sentence by sentence until the post is full.

Plagiarism isn't good for Steemit as it makes steemit look like a dumping ground for an already created post by other authors thereby reducing its SEO as there will be similar contents shared with other articles and platforms.

The best way to deceit from plagiarism is to write posts that are personally related and if the post requires research, then it is advisable to read through, assimilate, understand, and create content from your understanding. These contents wouldn't be plagiarized as they are written from the understanding of the resource. After writing, the resource should be referenced. Posts should not be the same as the resource article either all or part.

No replies to comment made

The essence of having the professors leave comments on posts is to be able to interact with our students but while we make comments on posts, there are a lot of posts with no replies.

To make the class fun, it would be good that constructive corrections, criticisms, and Q&A are done on posts. This will increase the interaction on posts.

Three Interesting Homework Posts You should Checkout

Everyone who participated in the previous task did exceedingly well but then, there are a few posts that are worth reading again, and I will be outlining them;

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Steemit Crypto Academy Week 4 || UniSwap DEX || Crypto Professor: @gbenga - @busted1

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Liquidity:
This has been the problem of several centralized exchanges and why so many coins and tokens on these exchanges have been delisted but with Uniswap, this problem is solved. To solve this, Uniswap uses an Automated liquidity protocol where liquidity providers are rewarded for providing liquidity to the liquidity pool.

This post explains the origin of Uniswap, the swapping, liquidity pool, and the Uni token. Uniswap is an interesting project built on the Ethereum Blockchain.

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The Steemit Crypto Academy Week 4: Task @gbenga - The Full Explanation of a Project Built on Ethereum Blockchain// - @meymeyshops

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Since volatility often occurs, there are about five (5) internal controls or safeguards installed within AAVE to liquidity providers, namely: Safety Module; Auction Module; Ecosystem; Oracle; One Backstop Module. With these modules, investors or injectors of tokens are protected in times of backdrop of cryptocurrencies.

Uniswap and Aave are both Defi but while one a Dex, the other a financial market to lend money. The post explains in Aave, its native tokens (AAVE), lending, governance, and so on. you should read it and make your comment.

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Crypto Academy Week 4 Homework Post for [@gbenga] - @ckole

Uniswap is a decentralized dapp that runs on the ethereum blockchain that anyone can interact with. It is designed for sweeping any ERC20 tokens and create liquidity on ethreum blockchain. As a decentralized exchange, Uniswap has made listing of coin easy, unlike the centralized exchanges where millions of dollars is needed.

This post gives a detailed explanation into how to use Uniswap to convert ERC-20 tokens, and also about the safety of the exchange. The explnation was done on a personal note explaining every step as it went.

Final Note

As the class continue, I hope to see more participants and more original content. Also, do not forget to participate in this week's class and task

Topic: The Steemit Crypto Academy Week 5: All About Blockchain Security

Task: Make a Post about a Security problem with Cryptocurrency and Share a personal experience if possible

The Rules

• Everyone is eligible to participate in this task.
• The Post should be a minimum of 300 words and should be submitted in the crypto-academy community for visibility.
• You should include the exclusive tag #gbenga-week5 and a tag of your country (for example #nigeria).
• Post should be your original content. Show references for images used when writing your post.
• Task runs until Sunday, March 14th, 2021