Steemit Crypto Academy Contest Season 9 Week 6 - "Voting and Curation In Steem BlockchainsteemCreated with Sketch.

in hive-108451 •  2 years ago  (edited)
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Hello everyone! I hope you are all doing well and enjoying life with the blessings of Allah Almighty. I am happy to take part in the exciting challenge hosted by SteemitCryptoAcademy community' Contest Steemit Crypto Academy Contest Season 9 Week 6 - "Voting and Curation In Steem Blockchain So, without any further delay, let's dive right in!

Voting and Curation understanding

Voting

Voting is when we support users content by showing our approval as liking or disliking . It's process like when we press the "like" button on youtube to show our support for someone's post. In Steem platform we also do the same , we can also vote by upvoting or downvoting. Upvoting means we appreciate any particular content, while downvoting means we don't like it.

Voting is very important because it helps us show our support & encouragement to others. It's like giving a rewarding thumbs-up to someone's work. In Steem community voting can also have rewards. So, when we upvote someone's posts , it not only shows our appreciation but can also benefit the person by increasing their visibility & potential rewards. Similarly, downvoting can be a way to express our disapproval or disagreement with the content and decrease in rewards also happens .

Curation

In Steemit blockchain, there's a slight difference between upvoting and curation term but no that what . You see , many people like me simply upvote posts without even reading or making sure if the content is good or free from any kind of plagiarism. This is just a quick vote without any confirmation of post quantity . But curation is a more responsible way . It involves checking & confirming if a post is of high quality and original before giving it a vote.

Curation is the most important because it ensures that we support only the best and high quality content. Instead of blindly upvoting, we take the time to evaluate the post, ensuring it meets certain standards of quality and authenticity of any publications By curating, we help to promote deserving content , which can benefit the authors and the community as a whole. It is like being a gatekeeper, making sure that only quality and original content gets the recognition it deserves.

So, curation is about being more mindful and responsible process with our votes. It's not just about quantity but also about the quality of the post we support. By curating, we contribute to maintaining the integrity of the platform & encouraging creators to produce valuable and original work.

If we vote a content before 5 minutes of post done or after 6 days 12 hours of its age in Steemit , will we have the same amount of reward as the other periods? Show how one checks the reward amount of a post that has returned to Steem Blockchain's reward pool?

In the Steemit ecosystem, there is a concept called the "curation window." This refers to specific time periods that affect the curation rewards of publications on the platform. The first five minutes after a post is published is known as the "Reverse Auction" period. During this time, curation rewards gradually decrease in a linear fashion until they reach zero and post payout done.

On the other hand, the last 12 hours of a post's lifespan experience a reduction in the voting power also allocated to it. This reduction begins when the post is 6 days & 12 hours old & continues until the post expires after 7 days.

From the above information its clear , we can conclude the statement that the curation rewards differ during these two periods compared to the general voting time, which spans from 5 minutes to 6 days and 12 hours. The rewards deducted during these periods are returned to the rewards pool of the Steemit blockchain.

Applying general for the calculations of rewards


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Curator payout = (1/2) √PT (√P1-√P0) Δt

  • In this formula,

✓ PT = Payout on Expiry of Post (after 7 days)

✓ P1 = Payout of Post after vote

✓ P0 = Payout of Post before vote

It is important to note that...

∆t would be,

1 if the time (t) is less than 5 minutes

And, t/5 if the time (t) is equals to or more than 5 minutes.

In Steem, we have a special formula to measure publications rewards called "Curator payout." It is difficult for me at first attempt when professor @kouba01 about it , but i am trying to break it down. Basically, if you vote on a post during the first 5 minutes, you'll get a smaller reward compared to the general voting period after 5 minutes . But here's the interesting part: some experienced and clever curators know how to make the most out of this early period & earn different rewards based on their voting power and other factors.

These advanced curators are clever as i discuss above , They know that by curating posts within the first 5 minutes of post , they can earn rewards in a unique way. It all depends on their voting worth & other factors. So, there's a bit of strategy involved in getting the most out of this special duration of time. It's like a little secret in the Steemit ecosystem!

Checking proof of reward returned in Dapp ;

If you want to check the reward amount of a and any particular post that has returned to the Steem Blockchain's reward pool, you can use a website called steemworld.org. Just click on the post you are interested in to check about , and you will find more information, including the returned reward.

Here is a screenshot as an example to give you a better understanding about this particular . It is a simple and most convenient way to see how much reward a post has received.


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steemworld.org screen shot



How can a curator earn more than 100% upvote value as curation rewards? Take any post you voted in Steem Blockchain and indicate the time and position of your vote, what is the projected curation reward?

Yes of course , it is indeed possible for curators to earn more than 100% reward on upvote . The amount of reward a curator receives depends upon the voting window , i already talk about , which is the time period during which a post receives upvotes. This window is determined by factors such as the time of voting, the value of the vote, the total payout, & the duration of the voting period. These factors play a role in determining our curation rewards.

If the upvote we give has a higher value, our curation reward will also be higher when the post reaches its payout finally . Additionally, the rewards already paid out for the post also impact the curation rewards n post . It is worth noting that the coming curators have a higher chance of earning more rewards compared to those who vote later.

Practical example

I would like to provide you with a practical example with screen shot that illustrates the concept of curation rewards. In this scenario, I came across a post by an author that I found particularly valuable, so I decided to curate it by allocating 100& percent of my voting power to it. As a result of my curation, I earned a curation reward of 34.54%. You can see the details of this reward in the screenshot below:

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Worth of Vote = 0.04$
Position of Vote = 1st
Voting Time = 2m 54sec
Curation Reward Obtained = 0.064 SP
0.053 SP is equal to : 0.25 * 0.053= 0.01325$

Now, 0.01325/0.04 = 166.67%

I have received a curation reward of over 100% (33.54% to be exact) for my contribution to this publication . If the payout had been higher, my reward would have been directly greater. Thus, it is possible to earn more than the full value of my vote through curating post .


What is the role of curation in better content discovery in Steem Blockchain? Is self-voting beneficial for the reward system explain why?

Curation plays a very important role in enhancing content discovery on the Steemit platform. Content discovery refers to the ability of users to access & view content. When a post receives significant support from curators, it gains a boost & becomes more accessible to a larger audience by appearing on the trending page.

Curation holds great importance as it ensures adherence to the Proof of Brain principle. By following this principle, curators prioritize high-quality posts & avoid promoting content of inferior quality. This approach are the safeguards that overall ecosystem and ensures that users are exposed to valuable content.

An essential advantage of curation is its ability to incentivize content creators to produce genuine and high-quality posts. By receiving support from curators, creators are motivated to continue generating exceptional posts . Curation acts as a recognition of the author's creativity & originality, which they employ during content creation.

When curators support a post during its first stages of post , it enhances the visibility of that post on the platform. Consequently, there is a higher likelihood of attracting the attention of more readers & curators alike, further amplifying its reach and impact.

Is self-voting beneficial for the reward system explain why?

Steemit offers a unique feature called self-voting, allowing users to upvote their own content However, it should be noted that the drawbacks associated with this practice.

While self-voting can be beneficial to some extent by improving the visibility of their posts and helping them establish their presence on the platform, it can become problematic when abused. Engaging in excessive self-voting can be seen as an unethical & potentially its illegal act.

Additionally, self-voting generates curation rewards that are typically lower than those who other vote other through fair and unbiased curation practices. As a result, there are consequences associated with self-voting that can impact the overall ecosystem.

It is also important to approach self-voting responsibly & consider its implications on the platform's integrity and fairness. Balancing self-promotion with supporting others is very essential for maintaining a healthy and collaborative community.


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Goodbye, friends. It's been a pleasure getting to know you all and participating in this community. I will miss interacting with all of you, but it's time for me to move on. Take care and I hope to see you all again very soon , Best of Luck .

As the sun sets on the day
And the night falls softly in
We close this chapter, dear reader
But the story's not yet done
Tomorrow's pages wait, unwritten
INTRODUCTION

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Hello dear brother @artist1111

You have provided the very good knowledge about the curation and voting in your post you have clearly explained the difference in voting and curation in your words.

You have discussed the 6 days and 12 hours voting system and show us the full curation rewards in your post.

You have show us how to curate the posts and get 💯 rewards from them voting is very important for the steemit blockchain thanks a lot for share your valuable knowledge about the voting and curation with us.

I wish you to success in this contest.

Thank you my friend for your kind words and appreciation. Voting & curation are indeed important aspects of the Steemit blockchain. I am glad you found my post informative. Good luck in the contest!

Voting is when we support users content by showing our approval as liking or disliking

You make a point very clear that voting doesn't mean that it is always something which means you like your content it can also be disliked in the form of upvote or downvote.

Curation is the most important because it ensures that we support only the best and high quality content.

If they will be no support on merit base then good content creators maybe is couraged that's why curation meaning is very beautiful that support is only for those who are the good content creators and not for those who are spoiling the system by producing plegrised content.

The rewards deducted during these periods are returned to the rewards pool of the Steemit blockchain.

You also make it very clear that will be deducted if you both before 5 minutes or after 6 days 12 hours of the age of post you have added in the blockchain.

You become failed in exploring 1 example about the rewards over all your efforts are great.

Your post provides a good explanation of the voting process on the Steem platform and its importance in providing support and assessment of user content. Voting allows users o indicate approval or disapproval of a post in a similar way to the "like" button on other platforms.

Thank you for the clear and informative explanation regarding the importance of voting on the Steem platform. Voting is one of the core elements of active participation on the platform, which enables the community To interact, reward ,and manage user-submitted content.

Good luck

Thank you dear for your feedback! yes of course Voting is indeed a vital aspect of engagement on the Steem platform, facilitating community interaction, post rewards, and management.

Assalamualaikum Khan Sahib. Umeed ha ap kheriyat sy hon gy.

Apki explanation kabil e tareef ha ku k apny is topic ko bohat achy andaz me explore kiya ha or sary points ko best way me explain kiya ha.

Voting or curation do mukhtalif chesy hain kun k voting aik simple term ha jab k curation me Proof Of Brain ka istimal ha. Kisi b post ki quality ko chk krny k bad usko vote krna curation kehlata ha.

Self Voting aik new user k liye fauda mand bhi ho skti ha lekin jab koi user lamby arsy k liye self voting me involve rehta ha to wo ziada curation reward earn ni kr skta or ye aik selfish behavior b ha.

Apni post share krny ka shukria. Me apki kamyabi ki dua krta hun. Stay blessed🤞

Wa alaikum assalam Dr Shb! Shukriya aap ki tareef ke liye . Shukriya duaon ke liye. Aap bhi hamesha khush rahen.

Saludos amigo

Guaoooo quedé muy complacida y sorprendida como has realizado este tema. Has hecho un gran trabajo mostrando como es curar y votar y las diferencias entre ellos.

Además, cómo es el retorno de los votos según la forma para ver calcularlas y que ellas son recompensas bien ganadas.

La importancia del voto y el que votarse a si mismo no es recomendable. Muy interesante y bien específico.

Gracias por compartir con nosotros.