Crypto Academy Season 4 Beginners' course - Homework Post for Task 2::STEEM AND TRON BY @madilyn02 For Sapwood

in hive-108451 •  3 years ago 


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Introduction

Hello everyone, am very happy to be part of this great task and I promise to do my best by giving answer to the questions.



Question

What is PoB? What does curation mean to you in steem blockchain? What are the benefits of building steempower? How do you explain self-upvote as a good or bad social behaviour and why? Explore coinmarketcap.com to indicate the rank, steem price, and coinmarketcap of steem (screenshots required)? What are the different tokens you can earn by socializing on steem blockchain? How will you use your TRX earned in steem blockchain to optimize earning in tron ecosystem?



Proof of Brain(PoB)

This is simply the process of individuals writing creative and quality content that doesn't contain plagiarism in the steemit platform and you will be rewarded (curated) for your post. PoB is a system in which curators tends to up vote or down vote base on the level of creativity of your content. If the post is appealing, then it will be curated and the citation will contain steem, SBD and Tron. They are only reclaimed after 7 days of your posting. You can power up with ur SBD which can be converted to steem power so as to make your account bigger, because the larger the steempower the bigger the account.

Generally, PoB is a state weighted mechanism (sp) that uses the assets inside the reward pool to help up votes and down votes. Reward pool in the other hand is a particular room in steem block chain where tokens are producing on a daily basis.

In POB, it is not only the author that get rewarded for producing good content the curator also benefit from curating, while the author is benefiting steem power, steem dollars and trons, the author get steem power in return and all this reward can be claim in a period of 7 days.



What does curation mean to you in steem blockchain?



Curation in steemit primarily means the rewarding of a quality writeup or content when its being read and if its attractive it can be given an upvote. The quality of post will depend on the percentage of up vote u will get. The position of the curator involved in your post will determines the amount of up vote on your post. Reward given by curator 1 is different from that of curator 3. The curator in the other hand also benefits from curating of posts.

Curation is very important in that it also a way in which the curator use in encouraging the content producer to keep producing quality content that are attractive and creative.



What are the benefits of building of steem?



Steem power is a measure of amount of influence a user has in the steemit network. The higher the steem power the greater the influence the user value because the steem power gives you the ability to post, comment, or vote. 15 SP is giving to every new user to be able to post, comment etc.

Steem power is less liquid that is it is tied up tied up in non-liquid assets which means it can be converted into tangible cash without it affecting the market price. Building up your sp also helps you to earn high when you are being rewarded in any of your post. This SP can also be delegated to help other steemians to engage in activities in the communities.

Building steem power and having more of it is of great benefit because of the club5050, club75 and even club 100 individuals here get better rewards and can participate in certain competition that someone with lower steem power can not.

Individual with higher steem power can also create and manage a community with members in it. He or she will also have alot of followers because enough steem power bring influence.



How do you explain self vote as a goof or bad social behaviour?




Voting yourself is a bad social behaviour. Its like publishing a writeup and you are hyping and praising your own work in your comment section, I see that as being proud. It generally means upvoting your own post. It show casing your own work illegally to curators but it is very wrong, its actually destroys the intent if a good publication.

Upvoting yourself and also owning a community will discourage people in subscribing to your community because the will fill that you won't reward them for producing good and quality content.



EXPLORE COINMARKETCAP.COM TO INDICATE RANK, STEEM PRIZE, AND COINMARKETCAP OF STEEM (SCREENSHOT REQUIRED)




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Source

  • STEP 2
    Search for STEEM' in the search area and click on the search button.


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  • STEP 3
    After bringing out that search result in step 2, now click on 'steem and the market details of steem will be showed as seen in this screenshot


    PicsArt_11-13-08.18.45.jpg
    Source

SteemInformation
Rank#310
Market cap$232,460,476
Steem price$0.591
Fully diluted cap242,766,118
Volume in 24hrs$8,222,122
Volume/marketcap0.03533
Circulating supply393,331,965.79



What are the different tokens do you earn by socializing in steemit blockchain?



  • Steem power (sp):

steem power is the value in which you have in steemit. Its gives the user the ability to post, comment, and with higher steem power it will enable you to participate in crytocurrency assignments. You can up vote other account, help to power their steem. A user can actually power up by converting thief earn SBD to steem power.


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  • Tron(trx):

this is a token that is earn when you engage in activities in the steemit platform. Posting, being involved in contest can actually earn you tron, steem is basically earn together with tron.


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  • SBD(steem dollar):

this is also earned in engaging in different activities in steemit community. Curating of a good content gives the user a number of SBD depending on the position of the curator. SBD is the token that is always advised can that be turned to money, instead of steem power. SBD contents 25% of the total upvote on your content, it can also be transfered to other users.


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  • Steem:

it is use in rewarding content writers and curators for each post made. If a post is made, the curator rewarding also gain just like the content writer. You can also obtain steem by converting SBD to steem.


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How would you use your Trx earned in steem blockchain to optimize earning in tron system




Staking is the way in which you can use TRX to earn in steem block chain. This is a stressless way to make money. Staking your tron in the tron ecosystem would just generate profit for you without your effort.

Secondly, freezing of tron in the tron system, by doing so, I will be rewarded for freezing my tron.



Conclusion

My sincere appreciation goes to professor @sapwood for impacting us about this interesting topics. Having understanding about PoB, curation and Steem blockchain in this task 2 post, I have get to understand the a and their basics.

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#club5050 😀