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Hello Steemians, how are you doing today? It is my pleasure to have you here my dear friend. Today I'm here to talk about Understanding The Steem Blockchain as part of my participation in the Steemit Cryptoacademy engagement challenge contest season 5 week 3.

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Explain the following terms: STEEM, SBD, SP, and TRX.

Here, I will be explaining the given terms one after the other, starting with the first one, which is Steem.

STEEM

The native currency used on the Steem blockchain and on the Steemit platform to reward users is what is known as "STEEM," and it fluctuates in value exactly like other cryptocurrencies such as Bitcoin and Ethereum. This means that STEEM is the primary liquid currency token on the Steem blockchain.

The cryptocurrency STEEM can be converted into Steem Power, exchanged for Steem Dollars, or moved across accounts. It is a digital financial token that is just like Bitcoin, Ethereum, BNB, and several others. As a Steemian, you can trade and move your Steem tokens at anytime to any wallet that has STEEM.

Steem Dollar (SBD)

The currency that can be used to purchase liquid Steem is what is known as Steem Dollars (SDB), and it is pegged to the US dollar. It is a tradable cryptocurrency on the Steem blockchain.

Steem Dollars can be exchanged for other currencies and transferred to other accounts (exchange wallets) for use in business. Steem Dollars can also be changed into STEEM from our Steem Wallet.

Steem Power (SP)

What gives users influence on the Steemit platform is what is known as Steem Power (SP). The greater a user's steem power, the more influence the user will have on other users' posts.

In a nutshell, Steem Power (SP) is the influence token that allows a user to earn more money and offers the user more control over post payouts. A user can convert his or her liquid steem to steem power and vice versa.

Tron (TRX)

TRX is a cryptocurrency on its own that was integrated into the Steem blockchain, i.e. the Steemit platform, in 2020 after the purchase of Steemit by Justin Sun, who is the founder of Tron Network.

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Describe the Advantages of Creating One SP in Steem Blockchain.

There are a lot of benefits that are attached when a user is building his or her SP on the Steem blockchain. Some of these benefits of building one SP in Steem are stated below.

• Constructing onesSteem Power (SP) would give the individual influence over post payout.A user will earn more CR rewards.

• Building SP will make one become famous in the Steem blockchain.

• Building SP will allow one to earn multiple rewards. (Rewards that come from delegations, upvotes, and the percentage rewards that are earned daily from holding Steem power).

To summarize, the following are the advantages of increasing one's steem power:

You are able to transfer Steem Power.
One of the most potent tools available on the Steem blockchain is the delegation of SP. Other users can "borrow" any amount of your Steem Power through delegation. This is particularly helpful if you're setting up new accounts, beginning a Steem-powered project, or simply want to give some of your own stake to support Steemit efforts you believe in.

You gain Steemit credibility as a steward.
One of the less obvious and less well-explained societal benefits of building our Steem Power is this. People who are devoted Steem holders receive a lot of upvote cred, praise, and community respect since the Steemit team and top whales value users who are staking their holdings.

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Explain what Curation means in the steem Blockchain and whether self-voting is a good or bad practice on the steem Blockchain.

Curation in Steem Blockchain is simply upvoting other users' posts.In the Steem blockchain, when the word "curation" is mentioned, it means that a user is upvoting another user's post in order to receive curation rewards. In the Steem blockchain, there is what is known as "curation tails," where users can set their voting power automatically.

Also in the Steem blockchain,once a user has reached 500 Steem Power, the user will see a bite slider appear whenever he or she wants to vote. It is through the slide bar that the user can be able to adjust his or her voting weight, ranging from between 1% and 100% voting weight.

On the Steem blockchain, self-voting is a bad practice because it is a way of a user who can support other users and end rewards showing his or her greediness. Self-voting does not earn a user much loyalty, influence, or respect, and it also does not earn a user better creation rewards.

In a nutshell, the Steem blockchain has been created for everyone to support each other, which means self-voting is never good.

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Explain what you understand by the voting window On the STEEM Blockchain.Vote for two posts( one that is older than 7-days and one that is less than 7-days ) and explain to us what happened between the two posts. Do all the two voted posts produce monetary value and do they consume your voting manna? Before carrying out this task, please go to Steemworld and screenshot your present voting manna.

Voting Window
We all know that Steem is a blockchain-based social media where every post, operation, and transaction are all recorded immutably in such a way that they can't be changed. Therefore, this social media platform like Steemit, which is built on the Steem blockchain, is always transparent and very well okay when voting on a post.

The Steemit platform will then compensate curators and the post's author.The post payout matures in exactly 7 days. During these 7 days, the post receives upvotes (or downvotes, if applicable), and the net amount of a post payout is split equally between the author and curator(s) in a 50/50 split.

In addition to the voting window, reverse actions usually take place within the first five (5) minutes of each post that is posted on the Steem blockchain for the first seven (7) days.

At this point, I will be voting on posts that is more than 7 days and ones that are less than 7 days old below. But before that, let's take a look at my voting manna from Steemworld below.

According to the screenshot above, my voting manna is 81.76%, and after voting on the post 5 hours ago, as shown in the screenshot below, I lost a certain percentage of 1.28% of my voting manna, bringing it down to 80.18.

On the other hand, I voted on this post, which was older than 7 days. As I voted on the post,I noticed that my vote value began depleting at a linear rate with 0% depletion. Instead of dropping below 80.28, my manna was depleted to 80.27.

Observation:
The first vote that I cast on the post, which was already five days old, produced a monetary value of $0.001, whereas that which was older than seven days didn't produce a monetary value.

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STEEM Blockchain Advantages and Disadvantages

At this point, I will be giving the advantages and disadvantages of the Steem blockchain in a tabular form below. Let's get to looking at what I have discussed between the two.

Advantages of Steem blockchain	Disadvantages of Steem blockchain
Everyone can achieve financial success by working hard, being determined, being lucky, being diligent, and having the right friends.	Building an audience can be so difficult. Gaining followers, for example, is difficult for a new user who has just started.
There are numerous users using Steem DApps such as the Steemit platform all over the world, and numerous transactions occur on a daily basis.	The future of blockchain is still uncertain, but I believe it is going to be the future of wealth. For this reason, the future of Steem DApps like the Steemit platform is also uncertain. If anything should happen to the site or platform, thousands of users will also experience a loss.
It is a fast-growing social media blockchain where other people can also build their own DApps on it.	It requires cash and a blockchain expert to build a DApp.
Steem blockchain is a decentralized blockchain which gives everyone the right to manage his or her blog the way he or she feels like.	Difficult Entry Barrier-Understanding how the platform operates and how the money is allocated can be a nightmare. Many beginners may be turned off by this.
Opportunity for Bloggers to Earn-By sharing your content on your existing blog, you can expand the platform's readership. If you use Wordpress, use the SteemPress plugin to automatically publish your post on the Steem blockchain.	It is not always possible to be rewarded for posting an article, and the system favors those with large accounts.

I appreciate your time here, my dear friend.

I invite
@yakspeace
@temitopef
@preye2