Crypto Academy Season 4 Beginners' course Task 2: STEEM & TRON

in SteemitCryptoAcademy3 years ago

Hello friends how are you I hope you will be fine and live a peaceful life? this is my homework post for the fixed introductory courses Task 2. Which is about Steem & Tron.

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

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What is PoB

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PoB

PoB means proof of brain. You provide new content to people with your mindset. One such platform is Steemit. Steem is an open source network that records transactions permanently. Steemit is a decentralized application where authors publish their content for the public.

It is the responsibility of authors to make good content. We avoid duplicating any content. After this rewarders will reward your post and give a review on your post. We avoid plagiarism in any content.

That is why Steemit appreciates good content and your efforts. It does not waste your hard work. As we know that PoB stands for proof of brain. This means that whatever you write, you write with your intellect. If we write good content it increases our voting strength.

Steemit platform gives its users three types of reward such as Steem Power(SP), Steem Dollar(SBD), and Tron based on content. The reward pool of ( 65% of the total) is the original knowledge of the content creators based on proof of brain. It gives proof of author content originality.

The case of PoB in Steemit is a crypto academy, Newcomer's community, and Steemit nursery. Where we publish our content based on PoB.

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What does curation mean to you in Steem Blockchain?

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A curation is a form of judgment in Steemit. Curators must take the time to read the post carefully and analyze it to prove that the post is good or bad. The one who does a good job in the Steemit is appreciated. Similarly, the process of checking a post thoroughly is called curation.

If someone has written a good post in the Steemit, he gets an upvote. If someone's post is not good, he gets a downvote from the curator. The person who checks the post and votes for it in the Steemit is called the curator.

When writing a post, you have to follow its rules. If you do not follow these rules, you may get a downvote. If we write a good post we get a reward as a result which is called a curation reward which lifts our spirits and we write more good posts. We should avoid spam or plagiarism of the post.

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What are the benefits of building SP?

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SP means Steem power. It is very important in our account. Steem power increases the value of our account. Just like a car cannot run without petrol, so like this our Steem account cannot without with Steem power. That is why it is so important in our account. There are some benefits of building Sp in our account.

  • Increasing the Steem power increases the power of the account. If we increase Steem power, the value of our voting increases.

  • When a curator has more SP, his voting power is also higher such as steemcurator01 or 2.

  • When you have more SP, you can delegate it to someone and increase the value of his account.

  • More SP also gets good support from other communities.

  • When a community has more SP, they can better support their subscribers.

  • Rewards ratio depends on Steem power.
    These are some benefits of building (SP) Steem power.

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

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Self voting is a technique in which an author publishes his post and votes his post himself to rate his post. This is a very bad method to vote for himself. Self-voting affects the concept of (PoB) Proof of Brain. Proof of Brain gives the right of other people who judge your post and vote your post. We avoid self voting because it discourages you. Self-voting does not encourage other people and they also start self voting themselves. That is why we must prevent other people from self voting.

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

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Coinmarketcap is a very useful website where a user goes and gets very useful and informative information about cryptocurrencies. Firstly we go on-site and get information about Steem. Simply type on your browser Coinmarketcap.com and open it. After clicking it we go to the landing page of this site.

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In the above, you can see a lot of currencies available on the website. We go on the search bar and type Steem simply.
After this, a page will appear on your screen.

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After searching Steem we go to its main page where we see all details about Steem. In Coinmarketcap its rank was #195 and its trading volume is $6,746,231.52 and market cap is $231,179,885.56.

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Nameresult
CryptoSteem
Ranking#195
Price$0.5916
Market Cap$231,179,885.56
Volume$6,746,231.52
Supply392,002,859

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

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There are four types of tokens that we earn in Steemit. I will explain these tokens one by one.

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Steem Dollar(SBD)

SBD stands for Steem back dollar. Steemit provides this dollar. If we publish our post on Steemit curator curates our post and gives a reward on our post. This reward redeems in after 7 days later. We get this reward in the ratio of 50% sbd and 50% Steem. We exchange these SBD in Steems. Steem Dollars are becoming a popular currency in the crypto market.

Steem Power

Steemit also provides another token called Steem power. We earn this token on Steemit. We get Steem power when we are curated. Steem power also redeems in 7 days later. When we publish our post we go on advance settings and set 100% SP rewards. We can also power up and power down our Steem power.

Steem

Steem is another token of Steemit. It is the main token in Steemit. We can trade in other cryptocurrencies by the use of this token. We get the Steem by selling the SBD. We can also convert the Steem in Steem Power. We can sell this Steem on another exchange like Binance.

Tron(TRX)

It is the last token in steemit. It is linked with the Steemit account. 1TRX is = 1Sp. Just like we get SP, we get TRX. It is linked with the Tron link wallet ecosystem. It was established in 2017.

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

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As I mention above TRX is similar to Steem Power(SP). The more Steem we get, the more Trone we get. In Steemit TRX is connected to the Tron link wallet. And all earning are saved in the Tron link wallet. All my TRX I directly transferred to my Tronlink wallet. I froze TRX in the Tronlink wallet. For earning more TRX we Publish new content for the people.

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Conclusion

After completing this task I will be able to know what is PoB. It is a very important part of this topic. The most important thing in this task is that self voting is. We avoid Self voting. This complete topic is very well. It vast my Knowledge and experience in Steemit. I am very thankful to my professor for this task.

Thanks for reading this post....

By @tasmiya

Cc:

@sapwood

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