STEEM & TRON - Steemit Crypto Academy Season 5 - Homework Post for Task 2.
(1) 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 Tron ecosystem?
What is PoB?
ANSWER :-
It is the mechanism used to generate income within the platform, and it is through this that we will be rewarded. We use our brain to create high-quality content, and as a result, our remuneration will increase as a result of our intellect as creativity.
The Steem blockchain is based on the Blockchain technology, and it has a core currency called Steem that was developed by Steemit Inc. and accumulates tokens at a pace of 3 seconds inflation.
Proof Of Brain, whose concept is based on the rewards that are obtained in a margin of totality of 65 percent, the own or weighted characteristics of participation (SP), this added plus the wisdom that each individual possesses as a human being, is known by its acronym in English, which means "Brain Test."
The curators check over this article or publication carefully to ensure it is authentic and not plagiarised, and vote whether it is genuine or alert the community where the material was posted if it is plagiarised.
Stake-weight mechanism (SP) allows users to distribute (vote) and redistribute (downvote) rewards from the reward pool. Proof of brain is also the collection of reward pool, the wisdom of the people, and stake-weight mechanism (SP). The more steem power (SP) a person possesses, the more power he or she has over how reward is distributed and redistributed.
Other creators/users who appreciate the content in their own judgement and determination reward a creator with good content whose quality and reputation can be discussed.
This system supports the rewards pool, where tokens are generated and distributed to users via the voting system; as a decentralised blockchain, Steemit allows the platform's users to manage the voting system when evaluating content and determining whether it is of high quality or not; the distribution of votes varies according to the Steem Power (Sp).
What does curation mean to you in Steem Blockchain?
ANSWER :-
Steemit is a decentralised social media network that allows users to receive a reward for publishing articles; this reward is managed through a vote; curation is an important part of the platform's growth because it allows us to assign a vote (upvote or downvote); however, it's important to remember that curation is more than voting; to be able to cure, it's necessary to read the publication carefully and have knowledge of the topic. We will contribute more than one vote on the subject this way, and we will also add our own opinion about the subject in the comment section. It is important to verify that this content is original and not plagiarised, and that it complies with the use of sources and citations if it is not our own. We have a responsibility to warn you if content is found to be plagiarised.
Curation works in the same way that examinations do, in that intelligent students are given good grades based on their excellent performance on the examination. Curation on steemit is done in accordance with the value of a post or content.
Because steemit rewards authors for curation, many users resort to a variety of plagiarism acts. Currently, plagiarism is sorted before curating any content, so a user must use his or her brain to create good content.
Now that we know if it complies or not with the established, we must first read the post thoroughly to ensure that the content corresponds to the title. After that, we must read the publication completely to ensure that it is original. The more honest we are in what we do, the better, so we must tell the truth about how to place their respective quotes if it is the case to avoid plagiarism.
What are the benefits of building SP?
ANSWER :-
I believe that we must consider an investment that can provide us with a high level of profitability and that will assist us in growing the platform. If we want to grow the platform, we must keep in mind the power we have by having a sufficient amount of SP. It is the power of influence that you have to offer a weight through votes; with them, we can strengthen the community as a whole, and we will benefit in the long run thanks to our Steem Power.
Another thing we should do if we have more SP is delegate. A robust curation trial account can be constructed with several users and their delegations, ensuring that every participant benefits from the account. Some people, on the other hand, do not want to curate; instead, they get delegation benefits by sitting through the delegation.
If they want to get something excellent, some users with little [SP] must post in multiple communities. However, certain community curation accounts [curation trail] aren't very powerful, so when people delegate their [SP] to them, the account becomes more effective, and the community's trust in their users grows. We can improve our account by increasing [SP].
You will feel more confident if you have a significant sum of SP in your account. The relevance of the user when carrying out activities during the day since you can make more comments, publications, and transactions in 24 hours and be considered for different activities within each community.
If a big number of people were aware of the benefits of owning SP and everyone had a large amount of SP, the STEEM coin and, with it, the platform would develop, providing us with further benefits and incentives as a result of our dedication and confidence.
How do you explain self-upvote as a good or bad social behavior & why?
By putting the curator's task behind you, voting your own post and reaping all the rewards is a type of sabotage and selfishness.
Personally, if I see this bad behaviour, I believe that because they give you a certain voting power, you can help other users by voting for other content, and thus other users will vote for your publication. That is what being helpful is all about; we all have the same goal on the platform, so we shouldn't put all of the blame on ourselves.
This type of social conduct is undesirable because it inhibits social contact inside the platform and prevents us from forming a community with other users, thereby weakening the POB or brain system.
Explore Coinmarketcap.com to indicate rank, STEEM price, and coinmarketcap of STEEM(screenshot required)?
To learn more about coinmarketcap.com, go to its website; once there, you'll see the interface below; then, in the search field, type in "steem" as seen in the image below. Then, on the STEEM icon open, click.
The STEEM market price, volume, capital, and 24-hour change in the last 24 hours. Apart from these, we may find a lot more helpful information, such as rank, market cap, and STEEM price, to name a few.
#332 on the list
The current STEEM price is $0.4517.
$178,400,017 in market capitalization (1.94 percent )
I can also see the volume [24h], total supply, circulating supply, historical statistics, overview, and other information about steem on Coinmarketcap.
What are the different tokens do you earn by socializing in Steem Blockchain?
STEEM
STEEM is the Steemit platform's [Blockchain] coin/token. and STEEM is a tradeable and exchangeable coin/token, which may be done by swapping SBD or powering down SP. We can convert STEEM to SBD, and we can also convert our steam to steem power [sp] through a process known as a power-up. A steemit user receives SP, SBD, and TRX as author rewards, and they also receive these two [SP], [TRX] as curation rewards. These are tradable coins as well.
SBD
SBD stands for Steem Backed Dollars, and it is only earned by the authors from their posts. SBD is linked to the USD Dollar in a 1:1 ratio. However, the current market price of SBD is significantly greater than the USD. During the time this content was being created, the price of SBD was $5.60. SBD can also be converted to steem, which we can accomplish in the steemit market section.
How would you use your TRX earned in Steem Blockchain to optimize earning in Tron ecosystem?
The best approach for me to spend my TRX is to store it in my tronlink wallet and wait for the currency's value to climb in the future; the cryptomoendas market is not very accurate, and if this currency rises in value, it will benefit me in the future.
As I previously stated, TRX is a generous advantage of the STEEM and TRON blockchain cooperation and is gained through Steemit mending. It's a popular token with a lot of potential that may be used for TRON governance, TRON farming, or trading on any market, among other things.
STEEM and TRON have been upgraded and now provide a plethora of options for those that integrate and understand the ecosystem's benefits. Even if we don't know anything about cryptocurrency, we can create value on Steemit by creating original material and being an active member of communities seeking growth and pursuing our own progress, which all adds up in the end. I feel that investing in these two platforms in the future will provide us with a great deal of happiness because they are both robust, functional, and have a lot of room for expansion.