Hello, dear friends, I am @mrsokal. I am going to write my 5th post in Steemit Crypto Academy. Previously I wrote about the Tron Ecosystem. Today I am going to write about STEEM & TRON.
.png)
Image designed in Canva | by @ mrsokal
QUESTION
| ➽ | (1) What is PoB? What does curation mean to you in Steem Blockchain? What are the benefits of building SP? How do you explain self-upvote as a good or bad social behavior & why? Explore Coinmarketcap.com to indicate rank, STEEM price, and coinmarketcap of STEEM(screenshot required)? What are the different tokens do you earn by socializing in Steem Blockchain? How would you use your TRX earned in Steem Blockchain to optimize earning in Tron ecosystem? |
|---|
Question 1 : What is PoB?
Proof-of-Brain (PoB) for its acronym in English, is a reward method for the use of our brain "the Wisdom of the People", that is, for creating valuable, quality content, here it implies a commitment to the content supporting it through curation of it.
Its main function is to encourage the creator to develop publications of value, there is a weighting method where it allows the user to vote in favor or not of the content, the value of this depends on the amount of SP that has a higher SP, the greater power of vote we have. The votes received or granted can be paid back by the currencies of the STEEM ecosystem, SBD and SP.
Many blockchain technology companies adopt in their validation process consensus algorithm as an example of one of them and very popular the proof of work or “POW” System (Proof-of-Work system), where the parties work in a network to solve situations that are later verified by the system.
In this brain test system, the tokens are distributed according to the rewards granted by the curator and those received by the author of the publication according to its quality.
Question 2 : What does curation mean to you in Steem Blockchain?
When we vote, in a publication, we are doing the process called "curation". In other social networks, the process of approving or disapproving a publication is usually called "reaction" but in Steemit we called it "curation" and thats why the word "curate" can be defined as selecting or choosing the best works .
As a curator we must read the publication, verify the sources to verify that there is no plagiarism and make sure that the content does not contain any kind of spaming. In the Steem blockchain the main impartial of curation is that the reader has the ability to apply the POB to be sure that if the user, who shared the content, used their brain to create the post.
Once these points have been verified, the reader's own judgment would be applied to decide if the content adds value to his life. If he deserves a vote, how much percentage he deserves, if he wants to participate by leaving a comment where it stands out that you liked about the publication and, also, if you want to do a resteem or share it with your followers.
Regarding if the curator finds plagiarism, his duty is to report it to the community and show it in the publication. A good curator must know how to handle this type of situation since, in some cases, new users may be making a mistake due to ignorance of it.
Question 3 : What are the benefits of building SP?
I love the most about the platform is to carry out the process to increase my SP. STEEM POWER (SP) is a strategic process on the platform because it is based on investment in the short, medium and long term. By generating this process there is a progressive construction of our voting power, which, it translates into a greater weight of curation of the posts of other users.
STEEM POWER (SP) causes us to also have a greater influence on Steemit, which also translates into greater visibility. The higher our STEEM POWER (SP), the greater our rewards will be perceived for the curation of post from other users. This increase makes a greater interaction of us on the platform; since it translates into greater support for the votes we make accompanied by comments or reesteem. Every user grows in his own way, and speaks a lot about him if he assumes this process with greater commitment that provides great benefits.
Question 4 : How do you explain self-upvote as a good or bad social behavior & why?
One of the important characteristics that make the steemit blockchain a different social network from the others we are used to seeing is that in this one, user publications must be free of plagiarism, original and with a lot of creativity, to be rewarded by votes of the curators, and that this will depend on the SP they have.
If it is the case that we have a significant voting power for our SP, it is not well seen that we vote ourselves to win rewards. We can say that it is worse viewed or bad if we create poor quality content and vote for ourselves only with the purpose of generating rewards for our SP, thus losing the essence of the steemit blockchain of rewarding original and quality content.
Question 5 : Explore Coinmarketcap.com to indicate rank, STEEM price, and coinmarketcap of STEEM(screenshot required)?
Coinmarketcap is a website that is used to keep track of the different cryptocurrencies, it provides information on digital currencies.
To verify the information we went to Coinmarketcap we are in Search or Search to search the currency we want to investigate our case STEEM :
Screenshot taken from my pc at https://https://coinmarketcap.com/
When our currency is selected we can see the Range, Price and coinmarketcap, for the moment of taking the capture on 1/06/2022 at approximately 10.00 pm, these values are as follows: number 334 in the Range, its price is dropping $0.3976 (-11.25%) and its Market Cap is $157,037,207 as shown in the image:
Screenshot taken from my pc at https://https://coinmarketcap.com/
Question 6 : What are the different tokens do you earn by socializing in Steem Blockchain?
By working in steem blockchain, we have the advantage of obtaining great benefits that allow us to socialize, interact and obtain favorable rewards that value our content. This is why the blockchain allows us to earn different tokens such as STEEM, SBD SP, TRX.
Steem: The Steem is the main token, since with this we can make Power Up to increase our Steem Power, we can transfer them to other users, and we can sell it in the local market.
SBD: The SBD is a token from Steem which we can change in any Exchange, we obtain it from the votes we receive in our publications, its objective is to keep the economy of the Steem blockchain stabilized.
Sp: The SP allows us to increase our influence within the platform. It is non-transferable, but we can delegate it to another account or communities to also support their growth. It can be converted into steem through Power Down.
TRX: Trx is another token that we also get through the rewards of our publications, which are transferred to our tronlink wallet.
For an author, it can be as follows:
SBD + SP (if the debt ratio is less than 9%)
STEEM + SP (if the debt ratio is higher than 10%)
STEEM + SBD + SP (if the debt ratio is between 9% and 10% )
In the case of Author Rewards, there are three options:
50% SBD / 50% SP-- 50% SBD and 50% SP
100% Power Up: full reward on SP
The default setting is always 50% SBD / 50% SP.
Question 7 : How would you use your TRX earned in Steem Blockchain to optimize earning in Tron ecosystem?
TRX is the native token of the Tron network. I can make a profit by sending my rewards to my TRON wallet, thus allowing my savings to increase as the coin increases in the market, also properly choosing a mining pool on Sun.io. Later you could invest Lp tokens to obtain Sun tokens, this would be through the Sun platform that operates on the Tron virtual machine.
Conclution
In the end, i want to thanks Prof @sapwood for this great opportunity. Today i learn a lot about STEEM & TRON.I have answered all the questions given. If there is something wrong or missing then pardon me and give a chance to make it right. Thanks for reading.