After such an insightful tutorial from the first task, we were required to read and understand the next class which is on learning what Hive as a crypto currency means and the idea of powering up
HOW MUCH DO YOU KNOW ABOUT HIVE, HIVE POWER AND HBD
HIVE: It can be considered or seen as a legal tendency on the Blog. It is mostly tagged as the Liquid currency of the Blog that can be traded, transferred, saved and spent just like very other coins like BTC, ETH,etc. Hive flows like every other coin on the market in terms of market value.
HIVE POWER: From the word "power", it simply means we are measuring the hive user's power on the blog. Hive Power demonstrate "influence" in a nutshell. My influence to post or comment on the blog according to the amount of hive Power I have.
HIVE DOLLAR: It is a liquid token that functions exactly like Hive, It also share similarity with USD and can be stored
HOW MANY WAYS ARE AVAILABLE TO ACQUIRE HIVE POWER?
A. EARNING HIVE FROM POSTS: It is the Normal routine we see on the Hive Blog, by getting upvotes for posting we earn Hive but it is a very slow method of getting hive
B. Purchase Hive and Power Up: It is the fastest means of getting Hive Up, you simply buy the hive and power up on the blog by converting it.
C. BY DELEGATIONS: A hive user with a higher amount of Hive Power is allowed to delegate to you.
SHOW THE PROCESS OF CONVERTING HBD TO HIVE
STEP 1: OPEN YOUR WALLET, TAP MARKET OPTION
STEP 2: THE MARKET OPENS AND DISPLAYS CHARTS FOR BUYING AND SELLING, INPUT THE AMOUNT, WHILE THE PRICE REFLECTS AND YOU PROCEED IF YOU ARE SATISFIED
CAN YOU POWER UP YOUR HIVE?
STEP 1: OPEN YOUR HIVE WALLET, CLICK ON POWER UP THIS TIME
STEP 2: INPUT THE AMOUNT OF HIVE AND POWER UP
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Nice Hard Work for making this task-2 of stage-02 post. Stay Blessed.
Your content has been voted as a part of Encouragement program. Keep up the good work!
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This is a good one @feithy26 thank you for answering the questions to the best of your knowledge.