[Steem & Tron] - Steemit Crypto Academy Season 4 - Homework Post for Task 2

in hive-108451 •  3 years ago 

Hello everyone,

I hope you all are doing great in your life and learning from @cryptoacademy. It's a great platform for the growth of beginners. I am honoured to be a part of this platform. Before I proceed with the task, I want to thank the professors for their efforts to make us learn a lot.

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QUESTION 1

(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?

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What Is PoB?

PoB or Proof of Brain is defined as the test of checking the quality of the content and to check the non-plagiarized work,Moreover readers read the quality content and give them the rewards accordingly. Rewards are distributed as per the steem power of the readers. The more steam power of the reader the more will be the reward distribution. This motivates the content creators to post quality content and further read and comment on other posts to earn and learn more.

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What Does Curation Mean to You?

Curation is the action to select the posts for the next level or to reward the high quality content or posts. It is basically a favor for the author to motivate the good work.Curation has to check the quality of the post or check if the post or content is non-plagiarized.It is the fair reward for the writers and content creators as the quality and plagiarism checked by the curation.However curator can rewarded the creator according to its steem power.

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Benefits of Building SP:-

SP abbreviation is Steem Power. It is basically the power to survive in the community as you are able to comment, post and upvote the contents and posts. Without the steem power you are not able to attempt any tasks in any community. Even to appear in any competitions arranged by the subjective communities required Steem power as an eligibility. It is the power of the account to do actions. It is the worth of the account as higher your steem power the higher will be the worth of the account. However, you can also lower down your steem power.

Self Voting:-

Self Voting is defined as an individual upvoted himself like the curator and the author both are the one individual.

  • Self Voting should be prohibited as it is not good and like offense as upvote is only for those who are capable of it due to their quality content. And it is judged and tested by others. An individual can't upvote himself.

  • Upvoting is only be done by the reader as they are only the judge of your post and content. So, Self voting is a very shameful act. it should be banned 🚫.

  • These are the reasons which defines that the Self-upvoting is bad social behaviour.

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How to explore Coinmarketcap for Steem?

Coinmarketcap is the market of Cryptocurrency which provides deep required information which is needed by the user. It provide facilities to its users when buying and selling Cryptocurrency.

Exploring of Coinmarketcap:

  • Firstly, you need to browse with Coinmarketcap.com

  • you will land on the main page of Coinmarketcap.

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  • After that login to your account.

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  • Then, you need to explore steem details so that you have to search for steem in the search bar as shown below.

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  • Now you will have the complete detail of steem.

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Image source

Above image shows the steem price statistics:

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What are the different Tokens Earned by Socializing on Steemit?

Following are the Tokens earned by socializing in steemit:

SteemPower (SP) : It is the power of the account steem power is the number of steem to which you powered up. It is worth of your account. However, You can also down the steem power. The rewards you get from readers are set by you. Like 50%SBD and 50%SP or you can set 100% power up. You get the rewards accordingly.

Steem : It is a digital currency in a steemit program. It is used to give rewards to quality post creators and content writers. You can transfer steem one from other users.

Steem Dollar (SBD) : SBD abbreviation is Steem Backed Dollar that is also transferable in the steemit platform to other user's wallet. It is also a reward given by the readers. It is converted to steem in the steemit platform or vice versa.

Tron : It is a digital currency in a liquid form means it can be transferred and used for trading. when you get the rewards from the readers. you are also getting the Tron with the steem. It has a less ratio as compared to the steem even when you set 100% power up. you are getting the power up steem and Tron as well.

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How would you use your TRX earned in Steem Blockchain to optimize earning in Tron Ecosystem?

We have the 1:1 of TRX ratio when getting the rewards from the readers in steemit platform. as I have said before that It's in liquid form which means it is transferable you can transfer ot to your Tronlink wallet. Moreover, you can freeze your Tron through Tronlink wallet from which you can gain Energy and bandwidth. This is also the way to optimize earning from this ecosystem.

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CONCLUSION

In the steemit platform author gets rewarded on it's quality, non-plagiarised stuff. Which the author gets it in the form of Sp, SBD, and Steem. Which are in a liquid form means easily transferable and tradable. I have learned a lot from this lecture by professor @sapwood.

I want to thank to professor @sapwood for this informative and great lecture.

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