Steem and tron - Steemit Crypto Academy Season 4 - Homework Post For Task 2 | by @wilosmith
What is PoB?
PoB, is an abbreviation for proof-of-brain, entails the mechanism used in the steem blockchain to reward authors for making good contents. Steemit as a social platform based on blockchain, individuals distribute reward (upvote in terms of good content or downvote for bad contents).
Proof of brain is used to weigh the wisdom of the user and it sums up to 65% of the total rewards for the SP.
What curation mean to me in steem blockchain.
On the basis of user's contents quality, a user is either upvoted or downvoted. Therefore curation entails the totality of upvoting and downvoting on any content.
Before curating any post, there are things that should be taken into consideration, they include;
- Check for originality and confirm if user follows community rules.
- Read the post comprehensively.
- Does the post add value to the audience?
- Confirm if the post is void of plagiarism.
If the user actualizes all the above criteria, he is upvoted but on the contrary, he is downvoted. Also if the post does not follow steemit policy, it must be downvoted and flagged to make it open, these all is known as curation.
What are the benefits of building SP?
It is really great holding SP for the following reasons;
- More SP gives a user the opportunity to perform more transactions like voting and commenting.
- Tron received by user having a higher SP is greater than that received by a user having a lower SP.
- If a given % of reward pool is to be shared, a user that have higher SP will receive large reward.
- High SP gives a user the opportunity to participate in block chain governance.
- A user with high SP is seen as an influencer in any steemit community they are.
- With the above, i guess i have been able to outline the benefits of building SP.*
How do you explain self-upvote as a good or bad social behaviour and why?
Self- upvote is frowned at in steemit blockchain because when a user self upvotes himself, it decreases;
- His voting power
- His voting percentage as well as
- His voting manna.
When the user votes his/her own contents, his reward will be higher because he receives the author's reward and also share the curation reward.
Explore Coinmarketcap.com to indicate rank, STEEM price, and coinmarket cap of steem ( screenshots required)
To get the above information, I will have to navigate into https://coinmarketcap.com/ and derive the information as below.
Screenshot gotten from https://coinmarketcap.com/
What are the different tokens you earn by socializing in steem block chain?
Rewards received for socializing on steemit are;
- Steem
- SBD
- TRX
- SP
Steemit block chain has steem as its basic token. And it can be earned from votes and also can be traded with SBD. Steem can be powered up to get SP.
Steem dollar is another token received for blogging on steemit platform. A user earns SBD when his post is curated A (50-50)%
TRX is also earn on steemit platform in a ratio of 1SP:1TRX.
The last but not the least is the SP which can be earned via posting and also by powering up steem.
How would you use your TRX earned in steem block chain to optimize earning in tron ecosystem?
Trx earn in steem blockchain can be used to optimize earning in tron ecosystem via the following ways;
- User can receive pool reward by putting his trx into pool like the justlend dApp.
- Also through the dApp a user can exchange his coin for other coins under tron blockchain.
- With a minimum of 9999TRX a user can become a super representative.
- Increases a user's voting right
Conclusion
Thank you prof @sapwood for the class. With this, my knowledge of steem and tron blockchain have been increased. And i can now easily check for a coin's current price, rank marketcap, etc