Steemit Crypto Academy Contest / S10W1 -: Resource Credits Vs Bandwidth

in hive-108451 •  2 years ago 
Assalam-o-Alaikum

Hello everyone I hope you are all ok and enjoy the good life by the grace of Allah Almighty I am here for participate in the amazing engagement challenge which organised by the SteemitCryptoAcademy the name of this challenge is Resource Credits Vs Bandwidth so let's start;

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What is bandwidth in blockchain? Explain in your own words.

Bandwidth is the term that is used to reflect the capability of any Blockchain to validate or verify the transactions or processed the data. Bandwidth actually refers to the capacity at which data can be transferred or processed in the blockchain system ,It is the representation of amount of information that is processed in a specific period of time.

Bamdwidth determines that how quickly and effectively nodes has transmitted the data , data can be in different forms such as transactions data or information smart contracts code and other networks updates .The determination of bnadwidth is by different factors of network design and the timeframe that is taken to processed the specific data.

The blocks size and block interval time , in a blockchain network aslo impact the amount of data that can be included in each block and also determines the frequency and ratio of the amount of blocks that are added every time.

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Picture is taken from Pixabay

As we know that larger number of nodes can effect the processing and validatation transactions that in results increase the number of blocks verified and value of bandwidth also increases in return.

The efficiency of bandwidth can also be determined by the consensus algorithm that are used in the blockchain system . Consensus algorithms like proof-of-work (PoW) or proof-of-stake (PoS) determine how nodes are validated and confirm the capability of transactions and add them to the blockchain.

So bandwidth in blockchain is the capacity at which data is transmitted and processed in any blockchain network.Bandwidth is effected by the network design,number of nodes present to validate the transactions.The amount of bandwidth actually reflection of the overall performance of any blockchain network.

Steem Blockchain uses Resource Credits, explain how it works.

Resource Credits is another important term on any blockchain system.Resource credits are the type of digital signature and credits that provide resource to the user and allow them to perform different activities of posting,voting,commenting and performing transactions by transferring.

Resource credits usage is important for the user beacause if we are run out of these credits we will not be able to post or perform other activities.When we post , vote or comments we utilized our resource credits to perform these activities.The dependancy of the resource credits is on different factors such as these credits depends on the Steempower of the user.

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Picture is taken from Freepik

If we have the more Steempower we will have more resource credits to participate and perform different activities.New users that joined the platform and has the low amount of Sp usually have less resource credits that overs with some activities but the user that have more SP relativaly have more amount of RCs and perform different activities.

Another factor is your activity if we perform more activities more posts our resource credits are utilized accordingly and the refill speed of RCs also depends on the SP if we have more Sp our RCs will fill up fastly comparatively.

What is the difference between bandwidth and resource credit on the Steem blockchain?

Resource Credits and bandwidth are two different terms on the blockchain.I will explain both of them comparitavely.

Bandwidth Refers to the capability in which the data is processed and validated for different actions of the transactions,smart contracts code etc.It is Measured in a combination of bandwidth allocation (in bytes) and bandwidth time (in seconds).It mostly determines the amount of data that can be transferred in the specific period of time.

Consumption of the bandwidth occurs when different actions of posting, transfer of funds occurs and it goes down with time.

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Picture is taken from Freepik

It is the determination of the amount of credits and resource to perform activities on the steem blockchain. It Encompasses both computing resources and bandwidth on the network.

Different actions consume specific amount of RCs and when all of the resource credits are utilized it needs to fill up again.RC is considered as more broad term as compared to the Bandwidth capacity.

So the major difference between the Bandwidth and RCs is that bandwidth focuses on the data transmission and processing capacity while RC determines the broader range of resources required for network participation.

What is your available resource credit? Show the step by step and screenshots are required.

Now we will check the resource credit that are present in my account at the time of making this post i have already said that these resource credits are regained continuously with the passage of time

to check the resource credits of my account i am using the steemworld.org website. there are some other websites like steem.db and steem.one but i like the steem world most of them

first of all open the steem world and click on the dashboard option present in the home page look to the below picture

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Screenshot is taken from steemworld

When the dashboard is loaded and information are present before us then we can see our resource credit in the RC Status of the account this is mentioned in the screenshot below.

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Screenshot is taken from steemworld

so i have my 100% resource credits which are equals to 6,356,725,774,466 rc these rcs are enough for me to vote, comment and make posts on the steemit platform so this is the simple way to check our available Resource Credits.

Conclusion

In this post we have talked about the bandwidth and resource credits of the steemit platform bandwidth is the rate of transfer of data and the resources are the mean of doing activities like posting voting and commenting on the platform the resource credits are continuously regained and depending on the amount of steem power

I invite the @steemdoctor1 @malikusman1 @fantvwiki and @f2i5 to participate in this contest.

Thank you

Achievement 1

written by:@cryptoloover

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With great emotion we notify you that this article has been curated by @malikusman1, member of team #2. Your content is amazing, keep working hard to opt for the weekly top.

Voting date: 08/06/2023

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Thank you for this technical explanation.

my comment provides a clear and accurate distinction between bandwidth and resource credits (RCs) in the context of the Steem blockchain.

Hola cryptoloover 😊

Los creditos de recursos son importantes para la blockchain steem, pues ellos adoptaron este concepto para permitir mejor capacidad de adaptacion ante un crecimiento exponencial de datos dentro de ella.

Al principio fue toda una historia de terror con el ancho de banda porque yo lo vivi jeje.

Gracias por el aporte

Assalamu Alaikum dear brother you have a good knowledge about the bandwidth and the resource credits you have very well describe the about the bandwidth and how it work in blockchain system and why it was replaced with resource credit over all you made a great efforts and I got a lot of information from your post keep it up good luck.