What does mean Steem Power and steem power Delegation?
Hi, I will try to show the difference between the Steem Power and the Steem Power Delegation, the most frequently asked and most confused part of the Steamit newcomers.
Many people do not know what the differences are, or have little knowledge with the wrong information. Steemitte transactions are too crowded and mixed, so this point is again a little known.
Now let's first explain these topics to "Steem Power" and "Steem Power Delegation".
What is Steam Power?
In its simplest form, it is the part of the Steemit platform that determines the values of the votes made by the users. The more Steem Power we have, the higher the scoring. In our account
Steem Power can be upgraded by powering up Steem and SBDs in the wallet section and increase our voting power. At the same time, we can win Steem Power among the awards won from the content we publish.
Here you can learn more about award options.
We can break down Steem Power's time and turn it back into Steam. In this case, Power Down is called.
What is Steem Power Delegation?
Members with Steemitte can share their Steem Power with someone else and this is called Delegation. This can be explained in the simplest way.
- Steep Power taken by delegation can not be delegated to another person or power down can not be done.
- The delegation to someone else can be canceled at any time, but the transaction is completed after 7 days of issuing the cancellation order. In this case, there is no injustice among the people.
- Steem Power There are many options for lease, the most familiar and simple ones are MinnowBooster and Blocktrades accounts. MinnowBooster has set up a huge Steem Power rental market for all of these rental operations.
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