Crypto Academy Season 5 Beginners' course - Task 2: STEEM & TRON || By @nellyblue10 || professor @sapwood
QUESTIONS
☆;1》What is PoB?
☆;2》What does curation mean to you in Steem Blockchain?
☆;3》What are the benefits of building SP?
☆;4》How do you explain self-upvote as a good or bad social behaviour & why?
☆;5》Explore Coinmarketcap.com to indicate rank, STEEM price, and coinmarketcap of STEEM(screenshot required)?
☆;6》What are the different tokens do you earn by socializing in Steem Blockchain?
☆;1》What is PoB?
PoB is the shortened format of Proof-of-Brain, and it's the process in which content creators or authors gain rewards through nice quality content as his/her proof-of-brain in the Steemit forum. as we all know that Steemit is a [Dapp] decentralized platform that processes on the Blockchain system. these Content creators add good value to the steem blockchain by providing interesting content to users. we have two kinds of rewards which may be obtained through the Steemit curation reward and author reward.
These rewards normal occur based on the upvotes strength his/her received from 《authors reward》 and the quantity of 《SP》Steem Power of which the curator possess. it works this way, the Authors generates nice content and earn rewards per vote. and the curators upvotes those nice content by upvoting/downvoting them.
the higher the voting power the more percent or value it will add to the post. however, downvotes or downvoting can reduce the
value of a post/content and the rewards are been shared 50% -50%, which means when a content is curated 50 percent of its rewards will go back to the curator and the other 50 to the author.
Through creating excellent articles we obtain upvotes of huge weight. For instance, in the Cryptoacademy, any content that wins greater marks which includes 《9/10》will receive greater weight upvotes. however, when you get a lower mark, you'll receive a less weight reward.
☆;2》What does curation mean to you in Steem Blockchain?
CURATION
Every user in the Steemit platform do create content, however, only reasonable quality content is been curated and the owner of the content gains its reward. The Curators curation is based on the value of the content/post. just like examination, where intelligent students are been given good marks due to their excellent performance on the examination, curation also works exactly that way, here in steemit Curation is carried out in line with the value of a post or content.
Since steemit rewards authors via curation,
many users resort to several plagiarisms acts, presently, plagiarism is been sorted before curating any content, so a user has to apply his/her brain to generate nice content. with this, we can receive good feedback from curators.
We need the following this measures to inoder to get curated
A user has to create plagiarism free content. If some part is copied from somewhere, a decent citation must be done.
The user has to resteem the post so that it can be visible to other users,
Dealings between the post have to be increased. If it's important, the user will share the post link on any social media.
The curators have to read and examine users content to know if the content is plagiarism-free before curating it, and for users to qualify for the curation, he/she needs to comply with the rules above.
☆;3》What are the benefits of building SP?
Building up our 《SP》is very valuable in the steemit platform, Having more seem power
the user has great influence in the platform.
with that, curation will be carried out on numerous posts and in different communities, the curation favours the author and the curator as both receive 50%-50%, that's a huge advantage for the curator. we have to build up our [SP] to grow the trust among the users within the platform.
If we've got more SP, another thing we should do is to delegate. A strong curation trial account can be built with numerous users through their delegations, so every participant gets the advantages of that account. However, Some don't want to curate, they obtain delegation rewards bg sitting thru the delegation.
Some users that possess small [SP] have to be posting in many communities if they expect something good. However, some of the community curation accounts [curation trail] are not that powerful, so when users delegate his/her [SP] there, the account can be more effective and the community's reliance withinside their user's increases. we can enhance our account by growing our [SP].
Presently Steemit gives its users curation rewards in SP and TRX. and it's our extra profit. It became visible a year ago. So we need to grow our SP and perform the curation, then assist in presenting nice quality content and generating rewards.
☆;4》How do you explain self-upvote as a good or bad social behaviour & why?
Steemit platform has urged us to curate only good content. However, self-upvote don't help us to know the quality of our post, because anyone upvoting his/her post has bad social behaviour. and that is what many users will consider on your post. Although the user can upvote his/her post if he/she wishes to, for me, self-upvote is extremely bad social behaviour.
Through proof of brain Every user in the steemit platform has the relief to accumulate wards, so in case you leave it to someone without the proof of your work, you can be convinced by the result that shows up from it.
Through proof of brain, Every user in the steemit platform has the relief to accumulate wards, so in case you leave it to someone without the proof of your work, you can be convinced by the result that shows up from it.
Also, some users normally allow auto-vote on. and it's not good social behaviour, due to the fact of the numerous plagiarized content/post votes. So this kind of a thing must not be committed. This can disarrange a users brain test.
☆;5》Explore Coinmarketcap.com to indicate rank, STEEM price, and coinmarketcap of STEEM(screenshot required)?
In order to explore coinmarketcap.com, let's visit its website, when we open the site
this interface below will appear, then search the steem in the search box as shown in the image below. then click on the STEEM icon open.
The STEEM's recent market price, volume, capital, and 24-hour change. aside from these, we can detect a lot more useful information which I highlighted Rank, Market cap and STEEM price,
Rank: #320
STEEM price: $0.4536
Market Cap: $179,140,359 (4.85%)
All This data was collected on the 23rd December 2021.
through the Coinmarketcap I can also recognize the volume [24h], Total supply, Circulating supply, Historical data, Overview, and more information about steem.
☆;6》What are the different tokens do you earn by socializing in Steem Blockchain?
- STEEM
STEEM is the Coin/token of the Steemit platform [Blockchain].and STEEM is tradable and as well exchangeable coin/token which may be carried out through swapping SBD or by powering down SP. we can swap STEEM to SBD, via converting,
we can also swap our steam to steem power [sp] through the process called a power-up,
steemit user gains {SP} {SBD} and {TRX} as authors reward, they gain these two [SP], [TRX] in curation reward. and these are tradable coins.
- SBD
SBD is the abbreviated form of Steem Backed Dollars and its only earned by the authors from his or her post,
SBD is linked with the USD Dollar like in a 1;1 ratio. However, the actual cost of SBD currently in the market is a lot higher than the USD. the SBD price is currently at $5.60 during the time was creating this content. and SBD can also be swapping to steem, we can do the swapping in the steemit market section
- SP [Steem Backed dollars]
SP is the abbreviated form of Steem Power, These SP makes an impact on a user when curating content. The bigger SP you possess, the bigger influence a user gets within the platform. SP can also be earned through a post or from curating a publish. SP can be swapped back to the STEEM token through the process named power down.
- TRX [Tron]
TRX is the abbreviated form of TRON. Tron was visible in steemit about a year agoTron and steam power is now a 1:1 ratio from any post. Tron price is very low than STEEM and SBD.
CONCLUSION :
The Steemit platform is a [dapp] decentralized social platform built in a blockchain interface, its users gain rewards through generating quality content. steemit is a platform based on [PoB] Proof of Brain and consensus algorithm. PoB provides users with the dependability to post nice quality content.
Cc; @dilchamo