Question
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?
Blockchain technology is an attack-proof and secure decentralized system consisting of interconnected chains. The awareness of this system is gradually increasing and it is becoming more widespread. The name given to the first block of a blockchain is the genesis block. Other blocks begin to connect with each other in the continuation of this chain.
What is PoB?
PoB means that the author produces content using his (or her) skills and intellect. It stands for Proof of Brain. The content created by the author must be of high quality, original and plagiarism-free. Authors produce specific content on the Steemit platform, which has its own blockchain. These content receive votes based on the quality of the content from a pool called a prize pool. Example; The content we create in the Crypto Academy community is voted on by the curators within the framework of certain rules. In addition, other users have the right to vote for the content they like.
Users' voting power is the voting power they have earned in their previous posts, called SP. The more quality the users share, the more their voting power will increase in parallel.
In order to get good votes from the Prize Pool, it is necessary not to go beyond the specified rules. The most important rule here is not to plagiarize. Creating quality and original content is one of the goals of PoB.
What does curation mean to me in Steem Blockchain
The Steemit platform is a platform where users share content and are rewarded based on the quality of the content. Curation is the all-encompassing naming of it. Upvoting or downvoting a piece of content is curating.
Literally, curating is evaluating something. This term means evaluating people's posts on Steemit, commenting, voting if they liked it. While checking, it checks the posts for plagiarism and gives upvotes according to the voting power. In a way, even small users are involved in this curation process.
Curation within the Steem Blockchain ensures that the distribution of votes occurs with certain rules. When you get votes from the pool or people, half of this reward is sent to the author and half to the curator. So when you vote for someone else in this system, you also win.
The curation system is a system that aims to win everyone who produces quality content and successfully runs the curation business.
What are the benefits of building SP?
SteemPower is a value that will increase the effect of curations within the Steemit platform. The higher the user's Sp, the higher the amount of content he will vote for. Therefore, some users may want to receive 100% of the reward from the curators as SteemPower. Because the most important requirement of a Steemit blogger is to have a high amount of SP. Because if a continuity is aimed on this platform, this can only be achieved with SP. The more effective we want to be, the more SP we need to have.
So what are the other benefits of our SPs and how can we earn them?
- SteemPower increases the user's effectiveness. When voting other users, it helps them improve more thanks to the higher amount of votes (curators' sps are an example).
- When a user with a high SteemPower votes for another author, half of the prize he voted will be returned to him, so his own account will also improve more.
- SteemPower has an important place in the creation and development of communities. To form a community, it is necessary to have a certain amount of SP. In addition, users with high SP can delegate some of them to the development of these communities.
- Earning SteemPower can also increase the earnings of TRX, another currency that users receive as rewards on Steemit.
- The user with a high SteemPower will also increase the value of the community he is in and highlight it.
Self-Upvote
Self-voting is actually a situation that people may prefer, but it is a feature that is contrary to the working order of the Steemit platform. On Steemit, users review and vote on other authors' posts on their blog or community. This is the purpose of curation on this platform. The articles of both professors, students and bloggers are reviewed by other users and voted at a certain level. In this way, people try to both research and improve themselves. However, self-voting is a system in which the user with high Sp votes for their own posts and receives both author and curator awards for the sole purpose of earning money without any conditions. As I said, some may prefer it, and they do. But it is a completely opposite feature to the functioning of the platform. And I think it's a negative situation. At least, this situation can be prevented a little by ensuring that users who use this feature can vote for themselves with a certain percentage while self-voting.
Explore Coinmarketcap.com to indicate rank, STEEM price, and coinmarketcap of STEEM
Coinmarketcap.com is one of the most frequently used websites by crypto traders. On this site, you can easily see the volumes of thousands of cryptocurrencies, the last 24 hours, a week, a month and a year. The movement of many coins in the market, especially Bitcoin and Etherium*, is up-to-date. For example, when you click on Bitcoin in the first row of the marketcap, you will see data such as its price, 24-hour volume, and dominance.
Now let's move on to the other part that interests us, Steem. In the search field, type Steem and click.
On the page that appears, just like in Bitcoin, the price on the right side of the screen, the market cap below, the 24-hour trading volume and the amount of Steem in circulation are written.
When we lower the screen, we can see a screen where we can analyze and on the right, we can see the value and statistics of Steem.
While I'm doing the homework right now, Steem's statistics are as follows;
| Infos | Statistics |
|---|---|
| Price | $0.6494 |
| Rank | 185 |
| 24h High | $0.6593 |
| Trading Volume 24h | $12,704,072.41 |
| Volume / Market Cap | 0.05037 |
| Market Cap | $252,196,540.09 |
What are the different tokens do you earn by socializing in Steem Blockchain?
Posting on the Steemit platform allows users to earn some rewards. Shares made personally, shares made in the community, etc. In cases the user wins various prizes. These rewards are Steem, SteemDollar, TRX and SteemPower. Now let's explain what they are and how they are earned.
- Steem: Steem is the main currency of Steemit. Users earn a certain amount of Steem in the rewards they win. Thanks to the block chain of Steemit, it is available to transfer between exchanges and between users. Also, Steems earned can be converted into SteemPower.
- SteemDollar: Another currency earned as a reward. Authors earn SBD 1/4 of the prize they won. Currently 1 SBD = $7.43. This reward can be traded between exchanges, just like Steem. It can even be converted to SteemPower after being converted to Steem.
- TRX: This currency, of which Justin Sun is the CEO, is integrated into the Steemit platform and is earned with 1 TRX reward per SteemPower earned. Like any other currency, earned TRX can be used to trade.
- SteemPower: Another award won by the author is SteemPower. 1 Steem = 1 SteemPower. The author can change the prize to 100% SteemPower before sharing his article, and win the entire prize as SP. It is the most important reward for the voting power of the user and the exclusivity of the account. If the author wants to convert these SPs he has earned into trading units, he has the opportunity to power down and convert his SPs to Steem. However, this is not a highly recommended situation for the continuity of the account.
How would you use your TRX earned in Steem Blockchain to optimize earning in Tron ecosystem?
The TRXs we earn on Steemit are stored in our TronLink Wallet. These TRXs continue to increase per each SteemPower we earn. So if we want to stake more TRX, we need to earn more SteemPower. In addition, since the TRXs we earn have a price value, we can both save and increase our earnings with the hodl method.
Conclusion
As I mentioned in the article, the most important acquisition for curating and authoring is SteemPower. For both personal and community development, our priority should be to earn SP. It is necessary to use the other awards we have won consciously. Earned Steems can be converted to SP, TRXs can be staked or hodl. The most important thing is that it helps the user to develop the platform by producing quality and original content.
Thanks for reading
CC: @sapwood