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What is PoB? What does curation mean to you on Steem Blockchain? What are the benefits of building SP? How do you explain self-upvote as good or bad social behavior and why? Browse Coinmarketcap.com to indicate STEEM rank, STEEM price, and coinmarketcap (screenshot required)? What are the different tokens you earn by socializing on Steem Blockchain? How would you use your earned TRX on Steem Blockchain to optimize profits in the Tron ecosystem?**
1. What is PoB?
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PoB is the shorter way of saying Proof of Brain. Through this POB, users of the Steemit are rewarded with (Steem, SBD and TRX) for the use of their brain creating content; This system works in support of the rewards pool where tokens are generated that will be distributed to users through the voting system; Steemit, being a decentralized blockchain, allows the same users of the platform to be responsible for managing this voting system when evaluating the content and determining whether it is quality or not; the distribution of the votes varies according to the Steem Power (Sp).
It is very important to note that the POB system is based on knowledge, this means that users must have knowledge on the subject to be able to determine if the post created by the author is of quality and is useful or not.
2.- What does curation mean to you on Steem Blockchain?
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Steemit is a decentralized social media network that allows it's user to receive a reward for publishing articles, this reward is managed through a vote; curation is a fundamental part of the growth of the platform because through it we can assign a vote (upvote or downvote) but let's not forget that curation is more than voting, to be able to cure it is necessary to read the publication carefully and have knowledge On the subject in this way we will contribute more than one vote, we will also add our own opinion about the subject in the comment section, it is important to verify that this content is original and not plagiarized, that it complies with the use of sources and citations if the content is not our own, it is better To determine that content is plagiarism, we are under the duty to notify it.
When we start within the platform, our vote is 0, however, as we build our Steem Power, our vote gains value, I particularly consider that curation is one of the amazing things of this blockchain and one of the best ways to receive support for it. quality content that we contribute to the platform.
3.- What are the benefits of building SP?
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The Steem Power (SP) is one of the important pieces within the operation of the steemit blockchain since it is in charge of giving us influence within the steemit blockchain, this means that the bigger the SP, the greater our voting power, but these are not the only benefits to build our SP, we also have:
- The bigger the SP, the bigger our rewards will be.
- With a high SP we can create communities with a specific subject while allowing us to support users who are part of this community and contribute quality content to it.
+A high SP also allows us to be more visible and have more influence within the steem block chain.
- benefit of building your steemit account SP in steemit is that we get more TRX, in steemit 1 SP=1 TRX, which means that by receiving curation rewards we not only increase our steem power in steemit but also increase our TRX.
4.- How do you explain self-upvote as a good or bad social behavior and why?
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There are users who upvote on their own publications, that is, they vote themselves, this type of social behavior is negative, since they interfere with social interaction within the platform and do not allow us to create a community with other users, in turn, they prevent the POB or brain system is strengthened. We must avoid this type of behavior since they negatively influence the platform, we must not forget that as authors we are not in a position to be curators of our own content.
5.- Explore Coinmarketcap.com to indicate the rank, STEEM price and STEEM coinmarketcap (screenshot required)
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Coinmarketcap is one of the most visited website if we talk about cryptocurrencies, here you can find updated data about crypto, price and market capitalization, to be able to explore the page you must enter: Coinmarketcap
Upon entering the page we will find the ranking of the cryptocurrencies available:
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Try and locate steem in the search section, we place Steem and click, it will show us the information about it:
Black circle indicates the price of the Steem, red circle indicates the ranking of the STEEM
screenshot taken by me @kenneth from the CoinMarketcap page
As we can see at the time of the screenshot the STEEM ranked 185 in the market ranking and a price of $ 0.4439, we can also visualize the volume $ 46,858,967, Cap. Market $ 250,170,344 and circulating supply of 394,575,729.45 STEEM.
6.- What are the different tokens that you earn by socializing on Steem Blockchain?
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The Steem Blockchain makes it possible to obtain different tokens by socializing within it, among these crypto we have:
Steem Dollars (SBD): This token has a market value within the blockchain and can be exchanged in different exchanges or in the internal market, its main objective is to stabilize the economy of the Steem blockchain.
Steem Power (SP): This is not actually a token but it acts like xp in games, sp is the xp for steemit and sp has the function of increasing our influence within the platform, that is, the greater the amount of SP, the greater our voting power, it can be change to Steem through a process called power down that when activated it takes approximately 7 days to power down depending on the amount of sp you have. The Steem power is non-exchangable or non-transferable but it can be delegated to another user or community through the Delegation process this in order to contribute to the user or community growth within the steemit blockchain.
TRX: It is one of the tokens that we receive as part of the reward for our posts, its relationship is based on the amount of SP that we receive, that is, 1SP = 1TRX, this token is native to Tron Blockchain so the TRX we obtain They go directly to the TronLink wallet and can be exchanged in different exchanges.
Steem: this is the only exchangable crypto out of this two SBD and SP but you don't directly earn it as a reward in a post, you earn SBD that you convert to steem in an in built exchange in your steemit wallet.
The author of a publication can be rewarded with different types of crypto such as:
- SBD + SP (if the debt ratio is below 9%)
- STEEM + SBD + SP (if the debt ratio is between 9% and 10%)
- STEEM + SP (if the debt ratio is above 10%)
This debt ratio is the balancing between the SBD market and the STEEM market; the posts are generally configured 50% SBD and 50% SP (the amount of SP received will be the same amount of TRX that we will receive as part of the reward) although they can also be changed to 100% Power Up or to reject the reward totally.
7.-How would you use your TRX earned on Steem Blockchain to optimize profits in the Tron ecosystem?
The TRX earnings obtained in Steem Blockchain go directly to my TronLink wallet, as the TRX increases its value my earnings within the Tron ecosystem increase, in this way my possibilities to optimize my earnings are increasing, while I obtain more trx.
I am eligible to participate
The reason i am reposting my task 2 post was because my task 2 post wasn't reviewed by any professor
