Crypto Academy Season 3 : Task 1: STEEM & TRON | Homework post for professor @sapwood

QUESTION 1:

What is PoB?

ANSWER 1:

The system that is powered by it's blockchain and provide their content creator for establishing the content's social values and opportunity to upload their original quality content over the blog system and in return author will get rewarded by the means of vote for their quality and originality of the content, rewards are distributed to keep and evaluate the content social values, this is called proof of brain.

The content creator get rewarded for their original and quality content from the reward pool which was divided 65% for the creator and curators. The new tokens are mined via miners and then these new mined tokens are transferred to the reward pool for the distribution to the content creator and the curators, The content creator posts his content and the voting system of the platform allows curators to use their vote whether it is upvote or a downvote, If the curators votes on a post then the upvote reward is divided into two equal parts of 50%/50% in between author and the curators, after 7 days these upvote can be claimed and transferred into wallet.

QUESTION 2:

What does curation mean to you in Steem Blockchain?

ANSWER 2:

In steem blockchain, curation is done in order to establish and evaluate content social value, this the the reward that is distributed by the curators , this reward encourage the content creator to publish quality over quantity, good quality and bad quality content can be voted in a separate way, for a good quality content there is a upvote button and for bad quality content there is a downvote button, Rewards are distributed by upvote and redistributed by downvote.

Upvote	Downvote
Upvote is done by pressing the green upward facing arrow, when we are upvoting it means we are distributing the tokens from the reward pool to the author	Downvote is done by pressing the red downward facing arrow, when we are downvoting it means we are resending those rewarded tokens to the reward pool.
Upvoting with a 100% power will charge us a 2% loss in the voting power, everything we upvote with 100% power will charge us a loss of 2% of voting power, it will get restored by 20% after every 24 hours.	Downvoting with 100% power will charge is a 8% loss in the voting power, it will get restored by 20% after every 24 hours.

The more the SP an account holds, the more the voting amount that account will have to distribute from the reward pool.

QUESTION 3:

What are the benefits of building SP?

ANSWER 3:

Steem power is referred as an influence token which gives is the power to distribute tokens from the reward pool to the authors.

Let's see points by points the benefits of building SP.

• As we have discussed steem power is an influence token so, more the SP means more the influence power.
• The more SP we have means more voting power.
• More SP means we can distribute more tokens from the reward pool.
• More control over curation rewards.
• TRX will be awarded as the amount of SP(same amount), because of the pivotal curation rewards.
• More SP means more attraction so reward system will prefer you more.
• More the SP means more influence in construction of the blockchain blog system.

QUESTION 4:

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

ANSWER 4:

Self voting is the act of content creator voting their own content.

Self voting is a bad behavior and i think this feature should be removed from the platform because it is not a good social behavior, it's not good to judge your own work. If our content is bad and deserve a downvote, so instead of a downvote we are self voting it with a upvote because of that trending page got manipulated and somehow our content can hide others good quality content, Self-vote also means we are distributing tokens from reward pool to us which is not good.

QUESTION 5:

Explore Coinmarketcap.com to indicate rank, STEEM price, and coinmarketcap of STEEM(screenshot required)?

ANSWER 5:

^Source

Steem Price: $0.6043
Rank: #179
Market Cap: $233,918,338
Volume: $ 70,207,530

QUESTION 6:

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

ANSWER 6:

Different Tokens That we earn over Steem Blockchain are :

• Steem.
• Steem Power(SP).
• Steem Dollars(SBD).
• TRX.

Conclusion

I researched and learned basics of voting, posting, curations and I came to a conclusion that steem blockchain is best platform as it is Decentralized and also reward their authors for quality of the content, which is free from plagiarism, I came to know why building SP is important, discovered the coinmarketcap website and did analysis on the STEEM token, later on we discussed what different types of tokens we can earn over steemit platform.

Thank You