Hellow dear professor @sapwood i have read and studied your post on steem & tron.
Here's my homework on 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?
What is PoB?
The word "PoB" stands for Proof of brain. This mechanism is very useful in the rewards function of steemit blockchain. PoB allows users of steemit blockchain to effectively distribute rewards according to the steem power from the reward pool. Also the amount of distribution and redistribution of rewards pool is dependent on the amount of steem power an individual user have in his account. In simple language it means that the higher the amount of steem power a user have, the higher the amount of influence he will have on the distribution and redistribution of rewards on this steemit platform.
Steemit platform only works on proof of brain mechanism because it is a Decentralised blockchain social media platform. So only users publications with orignal, unique & plagiarism free content gets rewarded here.
The curators serves as a examiner checking the authenticity & originality of a publication. And if they found the content of publications plagiarism free the user gets a good amount of Curation on his post.
In short the PoB is a used to check the originality, authenticity and plagiarism free publications on steemit platform.
What does curation mean to you in Steem Blockchain?
Distribution of rewards to the quality content (plagiarism free) on steemit platform is called as curation. To curate a post following guidelines/rules are to be followed they are :
- Firstly the curators need to carefully read content/publication.
- After this the curator have to check for the plagiarism in the content/publication. If found the publication will never be curated and account will be reported or flagged.
- The curator checks the value and importance of the content to other users in the communities too.
- The curator can also mention his opinion on the publication in the form of comments or replies based on the impact of valuable publications.
- Then the curator upvotes the publication from his voting power if the publication is qualified.
- And if the publication is important and valuable the curator may resteem the publication for other users so they can also gain some valuable knowledge from it. And also it will be impactful on the network.
What are the benefits of building SP?
There are a lot of benefits of building Steem power for the users and our community too. The more the amount of SP a user has, the more the influence he have on rewards distribution on steemit platform.
There are many benefits of buliding our steem power, i have mentioned some of them below:
As i said earlier the higher the steem power a user has, the higher the influence of the particular user have on the rewards pool and his vote weight will also be higher. For example, a user with 100 Steem power will have a little or no influence as compared to the user with 1000 or more SP. The user wil higher percentage of steem power will get more benefit from the reward pool as compared to user with low amount of SP.
Holding up your steem power also increase the value of steem as it will reduce the steem circulation that will increase the demand of steem resulting in increasing the steem price.
Buliding steem power also helps to build a better and greater Community and as an influencer you can gain a lot of followers.
How do you explain self-upvote as a good or bad social behavior & why?
If someone upvotes his own publication by himself is called as self-upvote. And self-upvoting is really a bad social behaviour and one should not do this on steemit platform neither encourage this kind of things because upvoting is the duty of curators who carefully read the posts and check the originality and upvotes as per the quality of the post. An author who upvotes his own post uses his voting power which he could have used to upvote others posts and support them. Instead upvoting one's publication by oneself results in reducing his voting power which he could have used to vote other users posts. That's why self-upvote is a very bad social behaviour!
Explore Coinmarketcap.com to indicate rank, STEEM price, and coinmarketcap of STEEM(screenshot required)?
Firstly to explore the Coinmarketcap.com visit the website https://Coinmarketcap.com.
And then on the homepage click on the search tab given on top right corner as follows;
After this search "Steem" and click on it to explore its price, ranks, etc...
After this, this kind of interface will open;
Now you can check the rank, price and other valuable data of steem currently. As on the time the above screenshot was taken, the current rank of the steem was #336 and the price was $0.4318 USD with live market cap of $170,535,729 USD which dropped with about 4.67% and fully diluted market cap of $176,867,225 USD which dropped about 4.67%. Coinmarketcap is a really usefull website for exploring the current steem data.
What are the different tokens do you earn by socializing in Steem Blockchain?
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As steemit is a Decentralised social blogging platform, the users gets rewarded for their publications as per the quality of the his content. They get rewards in the form of tokens as per following;
- Steem Dollars (SBD)
- Tron (TRX)
- Steem/Steem Power (SP)
Steemit users gets this tokens after 7 days of their publication being posted. There are alot of ways to earn this tokens on Steemit such as by posting quality content, by upvoting authors posts, by delegating steem, etc.
Also you can earn this tokens by participating in the contents on steemit communities.
More details about the above mentioned tokens:
Steem Dollars (SBD)
SBD is also known as "Steem Dollars". Users gets this reward by socializing on steemit blockchain.
Tron (TRX)
We can say that the TRX is just like a free token. Users gets this token reward by socializing on steemit platform. Users earns this tokens in the 1SP:1TRX (1 TRX for 1 SP).
Steem/Steem Power (SP)
Users earn this token by claiming the rewards they got from their up-voted posts. Users can power up the steem they got to increase their influence and voting power in the community. As i have mentioned earlier in the post it is very necessary to Power up your steem tokens. It will be beneficial to both the users and the community.
How would you use your TRX earned in Steem Blockchain to optimize earning in Tron ecosystem?
We get this TRX tokens along with steem power in the ratio of 1SP:1TRX. Users TRX rewards are stored in their TronLink wallet.If we get more steem power the TRX rewards also increases with it. To earn the more TRx we need to do quality publications. Also simultaneously we need to earn more SP. This TRX tokens have their own value and price. We can handle this TRX tokens by hold technique.
CONCLUSION
Steem Blockchain is a social decentralised blogging platform where its users earn rewards by posting their publications. Users gets this rewards according to the quality of their posts in the form of some tokens (eg. Steem, tron, sbd).
Their are numerous benefits of building the SP for users and this community too.Also in this homework post we explored Coinmarketcap.com to indicate rank, STEEM price, and coinmarketcap of STEEM.
The tron ecosystem gives us the great opportunity for passive income.
Thanks for Reading!
@pratikjumle29