Steemit Crypto Academy - season4// Beginners course Homework post for Task 2 : [Steem and Tron] - for prof @sapwood

in hive-108451 •  3 years ago  (edited)

png_20211111_221343_0000.pngsource

INTRODUCTION

Hello everyone,
Good day to you all and welcome to my blog.

In my today's blog,I will be doing the homework task for professor @sapwood from his lecture on steem and Tron. I will be answering question one.


QUESTIONS

  • WHAT IS POB
  • WHAT DOES CURATION MEAN TO YOU IN STEEMIT BLOCKCHAIN?
  • WHAT ARE THE BENEFIT OF BUILDING STEEM POWER?
  • HOW DO YOU EXPLAIN SELF VOTE AS A GOOD OR BAD BEHAVIOR & WHY?
  • EXPLAIN COINMARKET.COM TO INDICATE RANK, STEEM PRICE, AND COIN MARKET CAP?
  • WHAT ARE THE DIFFERENT TOKENS YOU EARN ON STEEMIT?
  • HOW WOULD YOU USE YOUR TRX EARNED ON STEEM BLOCKCHAIN TO OPTIMIZE PROFIT IN THE TRON ECOSYSTEM?

WHAT IS POB?


(POB) means proof-of-brain. it is a name given to the process used for distribution of curation and author reward.the reward is usually gotten in a form of upvote.

(POB) is a concept in steem network,a "reward pool" that is design to encourage content creators.

Authors create contents that add value to the platform by producing meaningful materials and as well keep the existing users engaged and entertained. By doing this, its promote and spread the currency and change the network effectively.

For a content to be upvoted by any curator, this determine on how well a content engage In the community also the value its adds.


WHAT DOES CURATION MEAN TO YOU ON STEEMIT?


Curation is a reward I receive for gethering content that are relevant,quality or sharing of ideas, thoughts and interesting topics on steemit. When my post is upvoted is called curation reward This means that, my post is worthy and valuable in the curators eyes.

Therefore, the more valuable a Piece of content can reach, the higher reward the author could earn.

In addition, Curators hold higher or more influence of steem currency in the platform and they are able to cast a bigger vote than those with less

Curators goals is to distribute rewards to authors content specifically for engaging in Meaningful and quality content that adds value to the platform.


WHAT ARE THE BENEFIT OF BUILDING STEEM POWER?


  • steem power is a Measurement of how much influence every steemit user has in the steemit network. the more steem power, the more a user can influence the value of posts and comments.

  • The benefit of building sp increases the amount of curation reward and vested tokens that can be earn.

  • Building steem power help your votes, posts and comments to be profitable and stronger also its helps to gain more influence on approving steem witnesses

  • building steem power help to add value and progress to growth in the platform network by powering up

  • Building steem power help to promote steem and extend social reach which is a good way to build steem network.


HOW DO YOU EXPLAIN SELF-VOTE AS A GOOD AND BAD SOCIAL BEHAVIOR & WHY


Self upvote is a bad behavior. An author should not appreciate his/her work by themselves. Reasons is you can't be the judge of your work, you must allow others to judge and reward your efforts. Doing this is seen as an abuse and disrespect.

When you post and your post is not supported, look for a solution, ask yourself what you doing wrong. It may be as a result of you're not following the rules of the community, you don't cite your sources,you are not using the proper tags on your post or it may be that you ain't constructive with your content enough etc... This are the solutions that you should seek. Withal, it is an abuse for a user to vote his/her content.


EXPLORE COIN MARKET CAP.COM TO INDICATE RANK,STEEM PRICE,AND COIN MARKET CAP OF STEEM


Screenshot_20211107-161351_2.pngsourcecoin market cap of steemit, rank and steem price

Below is my survey of steem market cap price, & rank

COIN MARKET CAP EXPLORATION TABLE

IndicateValue
Rank.#296
Steem price$0.6108
Market cap.$239,602,845

To make it more specific, above is a tabular explanation of my survey analysis on the coinmarket cap.com


WHAT ARE THE DIFFERENT TOKEN YOU EARN BY SOCIALIZING IN STEEMIT BLOCK?


Steemit network reward its users with the following tokens

STEEM POWER
STEEM
SBD
TRON

  1. Steem power (SP) is the total amount of influence a user own on the steem blockchain. You can power up liquid steem to become steem power. It is a way of staking your steem for future purpose. You can also power down your steem power to have your steem back.

  2. steem - steem is the basic liquid currency token on the platform.
    it can be traded,transfers,and it can be powered up into steem power .

  3. Steem dollar( SBD) - this is a liquid stable value currency token designed to be pegged to $1 USD. SBD token, can be converted to steem,traded to other currencies.

  4. Tron (TRX) is another way for a steemit user to earn TRX rewards for the social activities in steemit Blockchain in a 1sp: 1trx ratio.


HOW WOULD YOU USE YOUR TRX EARNED ON STEEM BLOCKCHAIN TO OPTIMIZE PROFIT IN THE TRON ECOSYSTEM?


TRX is a native coin also an equivalent to steem, used to reward content creators for their contribution and engagement in steem network.

you can stake your TRX and secure reward. You can optimize your TRX by importing your acquired TRX token from the steem blockchain to your Tronlink wallet which fills in together to the Tron system

Conclusion

Steem Blockchain work exclusively. All transactions carried out are eliminated completely. It is an exclusive platform where thoughts, ideas, interesting and relative topics are shared. And by doing so, you earn at the process.

I appreciate you all for reading my home work task for day. Thank you

Best regard
@nane15
@Sapwood

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Hello @nane15
@dilchamo
Pls kindly review my homework task for me.
It is already two days old now thank you
I await your response

Hello @dilchamo pls my home work tasks hasn't be review yet, kindly help out thanks

Loading...

Hello!
@dilchamo
@nane15
@fredquantum
pls my homework task is not voted or curated yet and it's 6days old now😥