Hello, the lovely community around the globe. I hope you are all doing well and enjoying this new season of the Steemit engagement Challenge. Today I choose to write a task for Steemit Cryptoacademy which is about Steem Blockchain.

Explain The following terms, STEEM, SBD, SP and TRX

STEEM

STEEM is a native token of the steem blockchain. STEEM is a liquid token of the platforms that can be used to gain influence in the community by a process known as Power Up. It can be traded for SBD within the internal market of Steemit. It is a transferrable token that can be sent to other users on the platform or can be transferred to any exchange where it can be exchanged for some other cryptocurrency or stable currency.

coinmarketcap

As far as coinmarketcap data is concerned, STEEM is trading at $0.23 and has a rank of 200. It has a live market cap of USD 9,33,34,412 and a circulating supply of 39,49,51,699 STEEM.

STEEM is produced as and when new blocks are added to the blockchain. The newly created steem is variably distributed. We know that the majority of the blockchains allocate the newly generated tokens to the miners but on the steem blockchain 75% of newly generated tokens go to the content creators and curators, 15% is distributed among SP holders and only 10% goes to witnesses.

Steem Dollar

SBD (Steem Dollar):SBD is a reward token of steem Blockchain that is produced while curation on authors' content. SBDs can be converted to steem within the internal market . Steem can also be traded for other tokens like BTC, ETH etc on trading exchanges.
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coinmarketcap
As far as coinmarketcap statistics is concerned, the SBD price at the time of posting is $2.36 and the rank is 487. The live market cap of SBD is USD 2,76,39,521 circulating supply is 1,17,05,070 SBD coins.

Steem Power

SP or Steem. power is the influence of a user within the community. SP is built when the post payout occurs on the steem blockchain. Normally 50% of author rewards are given in the form of steem power. Users can also increase their steem power by converting liquid steem into steem power through a process known as power up. The other way is to exchange SBD for Steem and then Power up that Steem. Users who wish to build their influence on the platform by building extra steem can also purchase the steem on desired exchange and transfer that directly to the platform and then power up. The advantages of building steem power or discussed in the corresponding section.

TRX

TRX OR Tron is a native token of the Tron Ecosystem that can be used for exploring multiple use cases on the Tron network. As for TRX on Steemit is concerned, it was allocated along with SP in the ratio of 1:1. However, recently it has been changed to TRX/SP: 0.5/1.

coinmarketcap

As the Tron network supports various decentralised applications of different categories, the Interplay of TRX with these apps lies at the heart of the ecosystem. TRX can be staked on apps like Sun.io and just lend to earn APY and secondary rewards like SUN tokens.

As for coinmarketcap statistics of TRX is concerned, its price is $0.0612 and its rank is 14.The current live market cap of TRX IS USD 5,68,93,35,822 and the circulating supply of 92,28,74,89,116 TRX.

Explain The Benefits Of Building Ones SP in Steem Blockchain.

Steem power building on the steem blockchain is beneficial for various reasons as stated below :

• By building SP on the steem blockchain, we power the community. Users with significant SP are supported by the community in the form of giving upvotes on their content. So we empower the community and the community in turn empowers us

• SP contribute to our upvote worth. The more the SP, the more the upvote value. When we use our SP to vote on quality content, we end up getting better curation rewards at post-payout.

• Steem power is directly related to your influence in the community. The more the SP, the more your influence in the community. By building more SP, we have more chances of taking part in the governance of the platform.

• SP is a form of investment because users get APR at 2.96% on the staked steem. Moreover, we expect the value of Steem to increase in the future as cryptos are gradually adopted by the masses. So we can liquidate our SP to Steem in future and use it for any desired purposes.

• More SP users end up getting more rewards on their posts and their posts remain in the trending or hot list therefore SP help to establish the identity of users on Steemit.

Explain The Meaning Of Curation in steem Blockchain and also explain if self-voting is a good or bad practice on the steem Blockchain

New users generally use curation and upvote interchangeably but as we dive deep into the subject, we understand that curation is much more than that. Curation is an umbrella term that includes various tasks in the process of curation. The curation starts with reading a post, making use of analytical capabilities to analyse the quality of the content, interacting with the author through valuable comments that add further value to the post, and checking the source of the content. It further extends to marking the response by upvoting the content. Resteeming the content so that quality content reaches diverse strata of the steemit and or downvoting the spam or plagiarised content to maintain the sanctity of the steem blockchain is also part of Curation. So curation is a well-structured chain of events that is a form of the potential tool in the hands of users to help others and also help to maintain the integrity of the steem blockchain.

Self-voting is a bad social behaviour because it neither benefits the user who self-upvotes his content nor it benefits the community. We usually self-upvote the content during the initial days on the platform or later on if the content doesn't get good rewards from other users of the platform. So I conclude that we tend to self-upvote poor-quality content.

As self-upvoted content does not fetch good rewards which means that our isolated judgement of self-voting does not reach in consensus with the community judgement on the self-voted post. We know that good quality content is respected by the steem community and curated by a diverse user base and they end up getting significant rewards and those posts do not need self-voting.
Steemit is based on a convergent linear reward system which can be interpreted as if the input is low the output is lower and vice versa. As the rewards on self-upvoted content are low, so the post-payout rewards will be lower for both author and curator That's the reason I stated at the beginning that neither the self-upvoter nor the community is benefited.

When we apply the concept of a convergent linear reward system to the posts that end up getting good post rewards, in that case, both author Rewards and curation rewards will be better. So it is beneficial for us to spend our voting Mana on quality content to get good curation rewards instead of wasting our voting Mana on the self upvoting.

Explain what you understand by the voting window In steem Blockchain. Vote for two posts( one that is older than 7-days and one that is less than 7-days ) and explain to us what happened between the two posts. Does all the two voted post produce monetary value and do they consume your voting manna? Before carrying out this task please go to see the world and screenshot your present voting manna

The voting window refers to the period during which a post created by any author can be curated by curators by upvoting or downvoting the content. Grossly speaking, there is a curation window of 7 days. But as we go deep into the subject, we will get to know that the rewards deplete if the vote is cast before 5 minutes and after 7 days and 12 hours of posting on Steemit. So technically there is a curation window of 5 min to 6 days and 12 hours.

Of the 7 days of the Curation window, the first 5 minutes of publishing content on the steem blockchain follows the principle of linear depletion in reverse order and is known as Reverse Auction. It means that if we upvote the content during the first five minutes there would be a loss of curation rewards and a return of lost rewards to the reward pool in the following manner.

There is a 100% discount on rewards at 0 min and 0% at 5 minutes. It means if we cast vote on any post immediately after the content is live on the steem blockchain, 100% of rewards will go to the reward pool and 0% will be curation rewards. With every minute Curation reward increase by 20%.

Time (min)	Curation reward	Reward pool
0	0	100
1	20	80
2	40	60
3	60	40
4	80	20
5	100	0

Now let's move on to another side of the voting window. If we vote content beyond 6 days and 12 hours, there will be linear depletion of voting weight. We can simply put it like this, there is 0% depletion at 6 days and 12 hours and 100% depletion beyond seven days. To further simplify it, we can say that there won't be any depletion in voting Mana after 7 days because voting after 7 days does not produce any monetary rewards on the post. So that's the explanation of the voting window.

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Example 1

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Let's look at my voting Mana. I have 100% voting mama left as shown below.

^{100% voting Mana}

I have chosen the below-mentioned post for upvoting. The chosen post is 5 hours old at the time of voting. Before voting the rewards on the post were $0.54 and the number of votes on the post are 28;

^{Before upvote}

After my upvote on the post, the number of votes increased by one and the post rewards changed to $0.56.

^{After upvote}

^{Voting Mana decreased by 2%}

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Example 2

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I'll continue with my 98.47% voting Mana and try to upvote a post which is more than 7 days old as shown below. We will notice that even after casting vote, there is no change in voting Mana

^{Voting Mana before}

^{Before upvote}

^{After upvote}

^{No change in voting Mana}

From the above examples the concept of voting window is clear beyond any doubt.

Advantages and disadvantages of STEEM Blockchain

Advantages

• Steem blockchain incentivise users for content creation.

• Steem blockchain help users learn to create quality content.

• Steem blockchain help users develop sound social interactions.

• Steem blockchain provides users with the opportunity to learn multiple subjects and skills like photography, art, music, trading, science and technology etc.

• Steem blockchain can serve as a source of investment by staking steem and earning variable APY.

Disadvantages

• It is not everyone's cup of tea to get incentivised. Users need to be well-qualified to earn rewards on the platform.

• Even after creating quality content, rewards are not guaranteed. It may be discouraging for users.

• APY on the staked steem is lower than offered by other platforms.

• Volatility of the Steem tokens can sometimes be disadvantageous due to their devaluation of steem.

Conclusion

Steem Blockchain is a decentralized social media platform that incentives users through various tokens like STEEM, SP, SBD and TRX. Curation provides a voting window of 7 days for curators to mark their responses through upvotes.

The voting Mana decreased by 2% with every upvote and replenishes by 20% in 24 hours. So for full replenishment of voting Mana a total of 10 votes at full strength can be cast. Voting power must be judiciously used for voting the quality content so that the isolated judgement reaches consensus with community judgement for the convergent linear reward system of the network to generate good curation rewards. It is this same mechanism that discourages self-voting.