STEEM & TRON - Steemit Crypto Academy Season 4 - Homework Post for Task 2

in SteemitCryptoAcademy3 years ago (edited)

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 behavioral & why? Explore Coinmarketcap.com to indicate rank, STEEM price, and coinmarketcap of STEEM(screenshot requires)? What are the differently tokens do you earn by socialising in Steem Blockchain? How would you use yours TRX earned in Steemit Blockchain to optimize earnings in the Tron ecosystem?

What is PoB?

They are then granted the right to write blocks in proportion to the coins burnt and POB is often called a POW system without energy waste. It operated on the principles of allowing miner's to “burn” virtual currency tokens.

Proof of burn (POB) is an alternatives consensus algorithms that's tries to addresses the High energy's consumption issued of a POW system's.

On this mechanism, rewards that are collected from the reward pools are Steem tokens gotten from proof of working by the miners on Steem blockchain, this tokens is what is distributed to individuals author's that post quality contents.

What does curation mean to you on Steem Blockchain?

It is a scenarios that has to do with getting a monetary reward for upvoting another person's post or contents. In the steemit platforms, they're known as curators. Curators views the contents of another user, read through the contents to checking out for plagiarism and PoB, then voted for the person and gets paid.

I think that citation in the steemit platform should not be all about reading good content, voting for it and getting paid. But that the curators should take out time to go through the contents and check out for plagiarism and notify the appropriate bodied in charged of their discovery. And also emphasised and encouraged the good writers and make surely their work goes viral.

What are the benefits of building SP?

Steem Power (SP) is the tokens earned when's steemit users post a quality post that was curated by the curators. This tokens is very importantly to every authority's because with this token of you will be able to produced quality posts, even help other users to make an upvote. for example likes the crypto academy community's on steemit platforms which has a certainly rule which state that for a user to partake in crypto academy beginners courses, the users has to have a minimum of 150 SP before the user can take on the beginners course.

When buildings of Steem Power (SP) also aids in community's developments. As mentioned above that you can becomes a curator by buildings your SP, this will help in the community to help reduce the workload on the Steemcurators.

And also with the current inauguration of Tron (TRX) in the steemit wallet, you can also get a reward in TRX in a ratio of about (1SP is to 1TRX), a rewards you getting for beings a curators or actively participating in socialist activities in the platforms.

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

when a negatively voted is cast, no one can be rewarded, that's , nothing's is gained by doing this action and it is a bad behaviour with in the community's, only within the justifications that it is plagiarizes or copied content from elsewhere and doesn't deserved such a voted From the group's of curators.

when voting in favor all are benefited equally, the default distribution is 50% and 50% between SBD, SP and TRX, and it is half and half between authors and curators.

The upvote is the way to rewards a contents created in Steemit, and it's the ones that allows after 7 days to be charged both by the contents creator's or author's and the curators, who are there ones who voted, so this behavioral is considered goods in the socialists behavioral of the community's because it allows the accumulated rewards pools to flow in a linearly ways Between the beneficiaries, it is a way to rewards all actively participant's in this processing, Between author's, curators and witnesses

Browse Coinmarketcap.com to indicate STEEM range, STEEM price, and coinmarketcap (screenshot required)?

Go to Coinmarketcap and then Search Steem on it.

Screenshot_2021-10-30-23-12-04-44_6604d2525654b46e33aa2968a0a78870.jpg
Current Steem price is $0.58. Steem currency is listen in many exchanges including Binance.

Screenshot_2021-10-30-23-12-15-24_6604d2525654b46e33aa2968a0a78870.jpg

From above screenshot, We can observe that It has Market Cap of $230M, Circulating Supply of 393M.
It has rank #276 in Coinmarketcap.

What are the different tokens you earn by socializing on Steem Blockchain?

Many benefits can comes in the form of tokens in the steemit platform. There are many about four tokens you can earn by socialising on the blockchain. They comes in from of STEEM, STEEMPOWER STEEMDOLLAR and TRON

STEEM

It is the main cryptocurrency of the steemit platforms. Although you cannot obtained Steem directly when you created a Post but only when's it is being transferred to you by a friend's or if you participated in a competitions with Steem being the rewards.

STEEM POWER (SP)

Which is Steem Power can be see as a non-transferable tokens that's represents the Power we have in there platforms. It's can only be gotten when's you created a Post. when you created a post you can puts it in an advanced settings of either 100 %SP or 50 %SPD /50 %SP. Having a High SP in there platforms enabled you to be a curators and increased your influenced.

STEEM DOLLAR (SBD)

Basically, SBD means Steemit Back Dollar, which is another's rewarding one can getting from creating a Post. Bases on your settings, you can get paid within about 50% SBD which you can convert to steem.

TRON (TRX)

TRX is another's form of reward that's can be gotten from our publications or Post. It is the main tokens of the Tron Blockchain.

It is importantly to notes that when's a post is creates after seventh days it gets curates and the curators receive their rewards in Steem Power while the author's chooses from the options show below in there screenshot the type of reward system he/she wants.

How would you use your TRX earned on Steem Blockchain to optimize profits in the Tron ecosystem?

TRX which are earned in steem blockchain are directly linked to your TronLink wallet, the more you're earning on TRX, the more the value will increase on the Tron ecosystem, this helps in optimising the earnings in the Tron eco-system and Steem to the blockchain, it can also be used to in trening on SUN.io platforms, in other to earn more TRX, one should make more quality post which will increase the possibility of earning more TRX.

CONCLUSION

We have been opportune to have this wonderfully platforms at our disposals, Where PoB is requires to created post's and getting so many rewards From it in form of SP, SBD, STEEM and TRX.
I hope from this write-up you will understanding the need to build your Sp and how to build it.

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You've got a free upvote from witness fuli.
Peace & Love!

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