CRYPTO ACADEMY SEASON 3 BEGINNERS' COURSE - HOMEWORK POST FOR TASK 1: @sapwood by @okeyjeoulous02

in hive-108451 •  3 years ago 

Hello everyone , Today I have Participated in TASK 1 , Which is given by @sapwood

(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?

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Proof Of Brain (POB) : -

PoB stands for Proof of Brain. It refers to a gadget this is used to praise content material authors from a praise pool. PoB is determined through the network to visit the authors to realize the really well worth in their content material. This shows the “data of brain” of the author.

PoB is greater of the consensus of the network and now no longer always the price of the content material. This gadget dedicates approximately 65% of the rewards to the steem blockchain to percentage.

The work of the writter is preferred right here in comparison to the score of a laptop which could be very hash. The components used to percentage rewards at the blockchain is below.

  1. Authors and Curators - 65%
  2. Vested SP - 15%
  3. Witnesses- 10%
  4. Steem DAO- 10%

What does curation mean to you in Steem Blockchain?

Simply, this phrase curation is one of the maximum precious phrases withinside the Steemit platform. This phrase curation includes a main set of guidelines whilst retaining up vote casting and downvoting as its most important outcomes. Apart from this redeeming a publish can also be part of curation wherein it allows to proportion proper excellent content material through followers. To get curated with upvotes, the content material ought to be precious, ought to by skip a message to society, and plagiarism free.

Curators additionally have the obligation of studying articles and remake the errors of authors. This curation fee will range from one to some other due to the fact the curator can set the electricity to a positive limit. Additionally, curation is an introduced gain for each curator and the writer celebration due to the fact with curating each the curator and the writer gets the blessings of having SP.

What are the benefits of building SP?

Building SP gives profit for each to consumer(user /author) and to the blockchain.

  1. It might were clean to construct a network, if we've extra Steem Power. Thereby, we will be capable of help all customers who joined to that network via way of means of encouraging them to take part to it via way of means of growing profitable contests.

  2. Enhancing Steem Power provides extra fee in your account and additionally to the platform.

  3. It buildup your impact with Steemit and hence, greater customers will have a tendency to observe you.

  4. It contributes to beautify your curation rewards and uplift your balloting strength. Ergo, you could aid different Steemians through your votes and comments.

  5. Building Steem Power elaborates your dedication to the improvement of the Steemit platform. It may be very critical to perform frequently periodic strength ups, coz it facilitates to elevate your SP.

How do you explain self-upvote as a good or bad social behavior & why?

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User with excessive steem power (SP) must use that benefit to vote for others in preference to vote casting on their personal publish to make different customers additionally experience for growing excellent contents .With this we will discern out those who write excellent contents at the platform and this could additionally inspire others to create their personal excellent contents. Self-vote is a horrific social conduct at the block-chain as it makes the man or woman percentage from the authors praise and curation rewards on the equal time, which to me is greed.

Explore Coinmarketcap.com to indicate rank, STEEM price, and coinmarketcap of STEEM(screenshot required)?

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  • Steem Prize :- $ 0.4065
  • Low Prize :- $ 0.395
  • High Prize :- $ 0.4562

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  • Steem Rank :- 169
  • Market Cap :- $ 158,535,169.31
  • MAX SUPPLY :- NO DATA

What are the different tokens do you earn by socializing in Steem Blockchain?

There are many profit for socializing on Steem Blockchain. You get to examine plenty from groups just like the SteemitCryptoAcadamy and others. You employ your skills and get to entertain human beings and an entire lot. There's an area for everyone. What makes it extra thrilling is receiving rewards for socializing at the blockchain.

You get to earn four distinctive tokens as rewards. Of those four, 3 are from the blockchain and the alternative from the Tron Blockchain. From the Steem Blockchain we've got STEEM, Steem Power (SP) and Steem Backed Dollar (SBD), and we've got Tron (TRX) from the Tron Blockchain.

1)Steem :-

When you log into your steemit wallet, you'll see that this is the first token you'll see. This token is most commonly issued through steemit community contests, although it can also be sent from one user to another. In a process known as powering up, this token can be changed into another token known as Steem Power.

2)Steem Power :-

Steem Power is the impact token that offers you the proper to percentage an quantity of rewards from the reward pool. The extra SP you've got got the extra power you need to take a big quantity for distribution from the praise pool. If you've got got a smaller quantity of SP it additionally offers you much less strength to take from the reward pool.

Note that the SP that has have an effect on is the powerful SP. Incoming delegations(+SP) growth your powerful SP via way of means of including on your principal SP even as Outgoing delegations(-SP) are deducted out of your SP decreasing your powerful SP.

3)Steem Dollars (SBD):

These are a liquid strong price currency that represent $1. Steem dollars could also be traded with steem and transferred to another account for exchange. they're going to even be transformed into steem.

4)TRX: -

This token belongs to the TRON chain, and it's miles going to be generated in line with the quantity of SP which you generate while you make a vote of a excellent content material or make a book and acquire a praise. By this I imply that if we get 1 SP within side the praise system, we can get 1 TRX

CONCLUSION :-

This challenge I became capable of deepen greater approximately the significance of studying the publications, and now no longer to be glad with simply studying and voting, however to make a judgment and confirm that the content material is of welfare for the Steemit network, we ought to now no longer neglect the coolest content material and unfold it with the communities. I became additionally capable of recognize how crucial it's far to make a contribution to the network for the increase of the ecosystem. Blessings!

Thank You

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Hello @okeyjeoulous02, I’m glad you participated in the 1st Task of the Beginner’s class at the Steemit Crypto Academy. Your grades in this task are as follows:

CriteriaRatings
Presentation / Use of Markdowns1/2
Compliance with topic1/2
Spelling and Grammar1/2
Quality of Analysis1/2
Originality1/2
Total5



Recommendation / Feedback:

  • The student have completed the assignment for this lesson.
  • The student also answered all the questions in his/her own words.
  • Your overall presentation is good.

Your overall presentation is good. But please write in simple terms and avoid ambiguity in your explanations. I was very difficult to understand the points you were trying to make.

Thank you for submitting your homework task.