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Hello to everyone in this great community. It has been a while since I was here, but today,I welcome you all to this week's engagement challenge that has been organized by the community team in respect to the ongoing engagement challenge that has been set my the steemit team to improve the communication of users in this community.
Today, I will be dropping my entry in regard to the contest topic that has been approved by this community which is titled get to know the steem blockchain.
This topic will not just help us engage one another but also help especially new users to get to know about the steem blockchain well enough and as such, I will be providing answers to certain questions below.
DISCUSS THE CONSENSUS PROTOCOL USED IN STEEM?
The word consensus mechanism can be regarded as a particular procedure that is put to use solely for the purpose of achieving a valid accord, build trust, and also retain security towards a computer that is built on a decentralized blockchain network.
And as such, the steem was built on a decentralized network based system and as such uses a system protocol called the proof of brain. This implies that, the steem block chain is well secured based on the consensus mechanism it operates on and which we all know as the proof of brain.
The proof of brain helps to secure the blockchain in an aspect which the validation of Nodes is totally completed by it validators and also an accord regarding to the blocks has been actualized through the amount of well articulated contents that has been made on the steemit blockchain based platform.
WHAT IS THE PROOF OF DELEGATED PARTICIPATION?
The proof of delegated participation helps the to a great extent in providing security to the blockchain.
WHAT ARE THE DIFFERENCES BETWEEN DECENTRALIZED PROOF OF WORK AND PROOF OF STAKE?
PROOF OF WORK | PROOF OF STAKE |
---|---|
1 - In proof of work - users who are miners are being faced with random and difficult puzzle to solve, and as such, the miner that first gets to the agreement terms of the blocks will be rewarded. | 1 - In proof of stake - users that have the greatest number of delegation stake which then come to agreement of the blocks will have the power of validating new blocks |
2 - In Proof of work - users are being rewarded through solving of arithmetic questions and puzzle. And when the answers are in accordance to the agreement of the blocks, new block are then being validated. So the proof of work needs energy and as such it consume more energy for it to meet the agreement of the blocks in other to validate new blocks to provide security to the block chain platform | 2 -The proof of stake - Requires no energy. The user with the greatest amount of asset that has been staked in the blockchain gets to meet the agreement of the blocks and hence new blocks are being validated and as such, the user is being rewarded |
HOW OFTEN DOES A BLOCK OCCUR IN STEEM?
As we all know, the timeframe production of block in the steem takes no less than 3 seconds and this is done by different individuals with the largest delegated authority and as such, the blocks occur every 3 seconds in steem.
We all know that the steem blockchain was developed in the year 2016 by a developer called Ned Scot. And after which he succeeded in making the steem blockchain platform that operates on a decentralized system.
This platform was made for blogging and interaction with other users and as such, users are being rewarded with the native currency of the steem block chain that is used to validate the blockchain network which we all know to be the steem cryptocurrency.
Also the steem blockchain use the Steem dollar known as SBD. It is also used as a token to reward users in the steemit platform too. So the SBD is also a token that is given to users when they create content on the platform.
Later in the year 2018, there came an integration of the steem blockchain with that of the tron blockchain which was developed by a developer called Justy. So whenever a users is rewarded on the steemit platform, they also get the tron token known as TRX in short.
The reward token which the steem platform uses currently comes in three tokens and they are the Steem, SBD, and TRX.
And the steem blockchain platform is known as the first platform that was is built on a blockchain decentralized network that rewards users who create quality articles, and engage with users just the way we do currently.
DO YOU KNOW WHAT WAS THE FIRST APPLICATION TO RUN ON THE STEEM BLOCKCHAIN?
Yes I do know. The first application to run on the steem blockchain is known as the steemit application which I am currently using to make my articles and this one presently.
The steemit application can be accessed on our web browser. The URL for this application is known as WWW. STEEMIT. COM. This is the officials web address if you want to access the steemit platform.
The steemit social application is very far and better than the other platforms. We do blog in different social applications just like the Twitter, Instagram, and Facebook but all of these are in no match better than the steemit platform because they do not reward users when they make articles.
But the steemit social application, just from the very beginning of your sign up and achievement post, one gets reward. Yes you make articles and get rewarded here, but in other social media platforms, you only create contents with your data and get no reward from it.
WHAT IS PROOF OF BRAIN?
The word proof of brain can be seen as a scenario in which users who are connected to the platform are rewarded on the account of making and curating contents on the social media platform just as that of our very own steemit.
We all could notice that when our articles are be curated and after seven days, the reward is then paid out into the reward pool, in which half of the reward goes to the author of the article and the other half goes to the curator of that same article.
The proof of brain is a win-win occasion. Here we authors make quality and unique contents and then the curators on the other hand award us with rewards on the account of contributing to the growth of the platform, then at the end of the seven days, the reward then move to the reward pool and it reward both the creator of that article and the user who curate that same article.
So at the end, the reward is been splitted into two equal halves and it is to be distributed to both the author and the curator of a particular content.
CONCLUSION
It has been a wonderful topic so far so good, and I want to applaud the various team heads that came up with such a tremendous topic, and I must say, this topic will also boost the understanding of new users in this platform.
AI want to use this opportunity to invite certain users to also participate in this contest, @badmus-official, @jueco, and @samuelebuka
A well managed and well explained post. You have presented your beautiful and precious ideas in a very beautiful way. I like the way you present the DPoS and PoW.
The block time of the Steem Blockchain is 3 seconds which is much more less than the Bitcoin Networks, 10 minutes. This thing makes the Steem blockchain more scalable and off course, no consumption of energy also make it more secure.
Thanks for sharing your precious post with us and I wish you a very good luck for the contest.
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Yes, the block time on the Steem blockchain happen every 3 seconds and this makes it scalable to process up to 10,000 transactions per seconds. The Bitcoin network is not that scalable as it has 10 minutes block time, this is one of the advantages of Steem blockchain over it.
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Hey man,
To be sincere you wrote so nicely and from going through your post I see you also love and appreciate the good work the steemit team is doing in our computer age generation, it's has really supported the creation of quality and creative content unlike other social media platform live Facebook or blog which so not fight against plaagarisim and improper posting on their platform. Steemit has made the social media safer and more enjoyable to All bloggers.
Thank you very much for sharing, please you can check my own entry here
wishing you success
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