(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 made in Steem Blockchain to optimize earning in the Tron ecosystem?
What is PoB?
PoB is the acronym for Proof of Brain. Proof-of-Brain is the potential of blockchain users to substantiate their ability by creating excellent content capable of being awarded.
The Steem Blockchain is a Decentralized DApp blockchain that offers space for its users to produce personalized and quality content and acquire the rewards it accounts for based on the prize Delegated from the reward pool.
Nevertheless, the steemit blockchain offer rewards known as a reward pool to its users based on Proof-of-Brain.
The reward pool comprises of ;
- Authors and Curators 65%
- Witnesses 10%
- Vested SP 15%
- Steem DAO- 10%
These form the beneficiaries of every reward on the platform.
65% of the reward pool, the stake-weighted mechanism (SP), the acronym for Steem Power, and the user's brain potential represent Proof-of-Brain(PoB).
What does curation mean to you in Steem Blockchain?
In simple understanding, curation involves curating a post when the curator visits and skims the post. Furthermore, he then assesses the quality of the content, discovers what it depicts, and the value it holds—inspecting actions and plagiarism if plagiarized, indicating in the post, and making the community aware of such fruitless content. The curator then makes an upvote according to the value and usefulness of the content; however, resteem to let others know of such content. Curation can be executed by anyone utilizing the available resources (SP, VP, Voting weight).
What are the benefits of building SP?
Building one SP says and influences a lot hence bringing so many benefits to the user and the blockchain. Here are some benefits of acquiring and making one's Steem Power (SP).
- It makes your account quite recognized on the Steemit platform as well as makes your account value.
- Enables one get more curation rewards because when Steem power is high enables the user to curate big.
- It will help build the community well when steem power is delegated to the new user.
- It offers the user the privilege to participate in the Governance of the platform.
- It assists the user gets more impact also attracts more followers.
How do you explain self-upvote as a good or bad social behavior & why?
Self upvoting is naturally known as curating one’s content or work to earn extra rewards. When we consider the PoB procedure, it doesn’t talk about self upvote which means it should not be practiced. It's not wise for an author to curate his works because no one will account for himself bad. Self upvote is termed a bad social behavior since it works against the system of curation PoB procedure. People who curate themselves are unfair to themselves though sometimes one makes decent content that warrants curation but is not curated. Hence, out of frustration tends to upvote themselves.
Explore Coinmarketcap.com to indicate rank, STEEM price, and coinmarketcap of STEEM(screenshot required)?
To explore the CoinMarketCap, below is the link.
From the CoinMarketCap, I noticed the following:
- Rank of Steem is #273
- Steem price is 0.6206
- market cap of steem is the US$243.55 M
What are the different tokens you earn by socializing in Steem Blockchain?
Steem Blockchain rewards are gained in three several tokens, namely Steem, Steem Power (SP), SBD( STEEM BACKED DOLLARS), and the last token Tron(TRX), which is automatically added to the book of rewards.
- Steem: is considered as the aboriginal token of the Steem Blockchain.
- Steem Power (SP): it's a stake-weighted mechanism that enables users to circulate or redistribute the reward pool b upvoting or downvoting content. The additional SP you have, the more the leverage power to distribute/redistribute rewards.
- Steem Backed Dollar (SBD): is a Steem blockchain stable currency pegged at USD 1. It’s attained from 25% of the total upvote. Although It’s pegged at a rate of 1 dollar on the Steem blockchain, it exceeds 1USD in its current value.
- Tron(TRX): is a token from upvote payout after a 7days period. Tron tokens are earnd in proportion to the number of SPs acquired.
How would you use your TRX made in Steem Blockchain to optimize earning in the Tron ecosystem?
The TRX amassed on the steem blockchain can be manipulated to maximize our rewards by simply converting the TRX rewards received back to Steem to be powered up to Intensify curation. This I suggest is because the reward pool which is being received comprises of the SBD, Steem Power(SP), and TRX, where TRX is proportionate to SP. so acquiring SP will also include TRX, and so the more SP you have to upvote contents the more TRX you will receive. This is because when you upvote a post, you get rewards for returning for the upvote. Just link your Tron account to the Tronlink wallet, send your tokens to an exchange, make a trade for Steem and then withdraw them back to your steemit wallet.
#club5050 😀
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
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