Thank God for the gift of life 🙏, it's another beautiful morning from this part of the world.
Welcome you all to the crypto academy class, I attended the beginner fixed course, task 2 The lecture which was taken by Professor @sapwood about STEEM AND TRON.
(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?
To answer the first question, I'll explain What is PoB? In a simple language.
What is PoB?
The Steem blockchain's reward scheme is called Proof-of-Brain, or PoB.
Proof-of-brain is a method developed to award such incentives to members on the blockchain network. Steemit is a social media blockchain network that rewards its users based on the value and quality of their posts.
This mechanism is designed to ensure that posts that are regarded to be of high quality by other network users are rewarded for their creator's efforts. The quality of the posts is determined by a variety of elements, including originality and lack of plagiarism, inventiveness, wisdom, grammatical accuracy, aesthetic value of presenting style, and overall value derived from the post.
The Steemit platform aspires to create a community that compensates artists for their efforts in creating high-quality material while also allowing them to easily monetise it, thanks to the proof-of-brain reward structure.
How does it work?
Tokens in the proof-of-brain system only circulate as a result of rewards granted to a post by network users. A voting method is used to assign rewards. This voting mechanism allows network participants to choose which material is of high quality, value, and merits reward. Curators are participants who vote on content.
It's also worth noting that the proof-of-concept system is stake-weighted. This means that the amount of reward a network participant can receive or send from or to another is determined by the amount of money they put into the network by staking their own cryptocurrency.
STEEM coins are staked on the Steemit platform to generate Steem Power (SP), which represents their investment in the network. The more steem power a user has, the more influence they have over the network's reward distribution, as well as the greater their gains.
How do you explain self-upvote as a good or bad social behavior & why?
When someone upvotes their own post, they are basically curating their own content. A self upvote, in my opinion, can be good or negative, depending on the motivation and situation. For example, on traditional centralised social media, like one's own postings and reblogging/retweeting/reposting them is considered normal, and even beneficial at times.
Of course, when a content creator creates and publishes work that they are happy of and confident in, they may want to show their pride and confidence by upvoting it. This isn't a horrible reason.
However, when someone starts upvoting their own posts in order to increase their earnings with their own vote owing to their large steem power stake, this is bad and should be strongly discouraged
Explore Coinmarketcap.com to indicate the rank, coinmarketcap, and circulating supply of STEEM and TRX?
Firstly, I will explore STEEM on Coinmarketcap, to access the information visit Coinmarketcap or click on this link and you will be redirected to the STEEM data on Coinmarket..
| Current Price | $0.6174 |
|---|---|
| Marketcap | $242,333,098 |
| Current Rank | #298 |
| Trading Volume (24h) | $15,221,681 |
| Circulating Supply | 392,490,392.34 STEEM. |
TRX
Now let move to TRX, to access it just go to Coinmarketcap website or click on this link and you will be redirected to the TRX data on Coinmarket.
| Current Price | $0.1105 |
|---|---|
| Marketcap | $7,915,886,308 |
| Current Rank | #30 |
| Trading Volume (24h) | $2,534,969,722 |
| Circulating Supply | 71.66B TRX |
What are the different tokens do you earn by socializing in Steem Blockchain?
image.pngImage taken from steemit wallet
There are four different types of tokens in steem that are.
STEEM
SP
SBD
TRX
STEEM:
This is the steem blockchain's native cryptocurrency, and it is obtained by participating in community contests and challenges. The winners of these contests and challenges are rewarded with STEEM.STEEM can be traded and transferred to other users on the steemit marketplace and other exchanges. It is the blockchain's most essential token.
SP:
Steem Power can be gained by posting or obtained by converting one STEEM coin. It serves as a stake in the steemit community, and it may be utilised to boost one's influence and voting power on the site. SP can also be "delegated" to another user in order to assist them in their platform development.
Powering up is the process of turning STEEM to SP, and it happens quickly. It is also possible to convert Steem Power into liquid STEEM tokens, albeit this takes roughly 4 weeks.
SBD:
This token can be obtained by posting and converted into STEEM. It was designed to look like the US Dollar at first, but currently trades at a higher rate. It was developed to keep the Steemit ecosystem's
TRX:
Depending on how much SP you have, you can receive TRX as part of your post rewards. It is automatically put into the user's TronLink wallet and can be exchanged or staked in the Tron ecosystem.
How would you use your TRX earned in Steem Blockchain to optimize earning in Tron ecosystem?
Content creators on the Steem blockchain now earn TRX at a 1:1 ratio to their SP thanks to the integration of the Steem blockchain and the Tron ecosystem. As a result, the more SP you have, the more Tron prizes you will receive. These TRX tokens are deposited into the user's TronLink wallet, where they can be traded on other exchanges or staked for passive income within the ecosystem.
In my opinion, I'd rather stake my TRX in Tron Power so that I can participate in governance while also earning passive income.
#club5050 😀
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
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