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      "permlink": "blockchain-wallet-types-uses-installation-etc-steemit-crypto-academy-season-5-homework-post-for-task-9",
      "title": "Blockchain Wallet-- Types, Uses, Installation, etc. - Steemit Crypto Academy Season 5 - Homework Post for Task 9",
      "body": "![Candlestick Patterns - Steemit Crypto Acad Season 5 - Homework Post for Task 10 (1).png](https://cdn.steemitimages.com/DQmZ7bkE7zaULiSqBQP2Ymc8VDUhASoFfKwQiVxYsCdrHam/Candlestick%20Patterns%20-%20Steemit%20Crypto%20Acad%20Season%205%20-%20Homework%20Post%20for%20Task%2010%20(1).png)\n\n[Source](canva.com)\n\n\n![image.png](https://cdn.steemitimages.com/DQmZgaQseixUQr2gq1nDvq7eS2MKMTqA4mEYvLGEp5KSjie/image.png)\n\n\n<center>\n\n**(1) How do you store/secure your keys? What are the different forms of Private Key(Examples/Screenshot)? Download & Install TronLink Wallet(Android/iOS/Extension)? How do you store the key(Hint- write it down on a notepad, demonstrate it with examples)? Which form of the key are you comfortable with to handle your TronLink Wallet? Include Screenshots & hide/blur the sensitive information.**\n\n</center>\n\n\n![image.png](https://cdn.steemitimages.com/DQmZgaQseixUQr2gq1nDvq7eS2MKMTqA4mEYvLGEp5KSjie/image.png)\n\n\n# <center>How do you store/secure your keys?  </center>\n\n---\n\n\n![image.png](https://cdn.steemitimages.com/DQmSBmzr9HrVfQuoedzhHZFG9gUFxHiVdYH2EucVJNTJhsX/image.png)\n[Source](https://pvera.net/posts/secure-passwords-pass-pgp/)\n<div class=\"text-justify\">\n\n<b> STORE KEYS ON DIARY:</b> Whenever I install an app and set a password or a key on it, I write all  keys or passwords on my diary. I have made a diary specially for this reason. I write down the keys in the diary and  keep this diary in a secure place.\n\n<b>  STORE KEYS ON GOOGLE DRIVE:</b> After writing these keys in a diary, I click a picture of them and upload the picture to my Google Drive. We know that Google Drive is an online data storage and I use it to store my data. I upload the picture of my keys and then whenever I  forget my password  or I can't find my diary, I get my keys from my Google Drive. Google Drive is a very safe and secure place. When it is about securing keys, Google Drive will be my first choice. We can get our keys from Google Drive at any time.\n\n<b> STORE THE KEYS ON MY PERSONAL COMPUTER:</b> We should always keep our keys at different places. I also store my keys on my personal computer. I have created a folder named ''keys & passwords\" which is used to store my accounts passwords and keys only. I have put a password on this folder. \n\n<b> STORE KEYS ON MOBILE NOTES: </b> Inside the notebook application on my phone, I store most of my keys. This is the quickest place to get the keys. As we know that keys are very important, that's why i put a password on my mobile notebook. So now nobody can get access of notebook without me. \n\n\n</div>\n\n\n![image.png](https://cdn.steemitimages.com/DQmZgaQseixUQr2gq1nDvq7eS2MKMTqA4mEYvLGEp5KSjie/image.png)\n\n\n\n\n <center>\n\n# What are the different forms of Private Key(Examples/Screenshot)?\n\n</center>\n___\n\n<div class=\"text-justify\">There are actually three forms or of private keys. They are given below:\n\n* Private key\n* mnemonic key\n* keystore file key\n\n<b> PRIVATE KEYS:</b> These keys are set up in a combination of numbers and letters. These numbers and letters are created through a cryptographic format. By these keys we can access in a a cryptocurrency wallet and process a transaction.\n\nExample of private key:\n\n</div>\n\n<center>\n\n![image.png](https://cdn.steemitimages.com/DQmQxmzfKY5kkpdAhTcv9QNz4Wm8gkHcnNhcUvoRd2qBPZr/image.png)\n\n[Source](https://steemit.com/hive-108451/@sapwood/crypto-academy-season-4-beginners-course-task-9-blockchain-wallet-types-uses-installation-etc)\n\n</center>\n\n<div class=\"text-justify\">\n\n<b>MNEMONIC KEY:</b> Mnemonic key is used to secure and also have access to the digital assets. This key is formed by sequentially arranged words of 12 to 20 seeds. The screenshot of this key can not be taken. By these keys we can access in a a cryptocurrency wallet and process a transaction. We can also use this key to restore an account.\n\nExample of Mnemonic key:\n\n</div>\n\n<center>\n\n\n![image.png](https://cdn.steemitimages.com/DQmQZQiwKEUr17qwyNwjNJxvWt1BA8stSTdbjKPKa78wqzR/image.png)\n\n\n[Source](https://steemit.com/hive-108451/@sapwood/crypto-academy-season-4-beginners-course-task-9-blockchain-wallet-types-uses-installation-etc)\n\n</center>\n\n<div class=\"text-justify\">\n\n<b>KEYSTORE FILE KEY:</b> Key store file key is a JSON-formatted encoded edition of the private key. It is a better edition of the private key. It is also well protected and secure because it needs a password to enter or open. We should always make this password unique. We should not use the exact password we used for our other social media accounts or email. We should use a strong password. The password should be a combination of letters, numbers, characters and symbols.\n\nExample of keystore file key:\n\n</div>\n\n<center>\n\n\n\n![image.png](https://cdn.steemitimages.com/DQmZrW9HTRTjnN1vVQL2qEgGXAS5ZofqFQubqZxmtTnxUb4/image.png)\n\n\n[Source](https://steemit.com/hive-108451/@sapwood/crypto-academy-season-4-beginners-course-task-9-blockchain-wallet-types-uses-installation-etc)\n\n</center>\n\n![image.png](https://cdn.steemitimages.com/DQmZgaQseixUQr2gq1nDvq7eS2MKMTqA4mEYvLGEp5KSjie/image.png)\n\n\n\n\n <center>\n\n# Download & Install TronLink Wallet(Android/iOS/Extension)? How do you store the key(Hint- write it down on a notepad, demonstrate it with examples)?\n\n</center>\n___\n\n<div class=\"text-justify\">Now I will show you how to donwload tronlink wallet step by step and create account on it.\n\n**Step 1:** At first go to playstore on your android and search Tronlink Wallet. Then download the app and install it.\n\n</div>\n <center>\n\n![image.png](https://cdn.steemitimages.com/DQmYz9jJCHyP9ePmPEcGHgeDDgg65e336oEavwzYXEFujdY/image.png)\n<sub>Screenshots taken from my phone</sub>\n\n</center>\n\n---\n\n<div class=\"text-justify\">\n\n**Step 2:** After that open the tronlink app and click on create an account.\n\n</div>\n\n<center>\n\n![image.png](https://cdn.steemitimages.com/DQmNSBQBttRCjF9oYCvxDMx5ea7SLMzig3hzzks5JaG8HFJ/image.png)\n<sub>Screenshots taken from my phone</sub>\n\n![image.png](https://cdn.steemitimages.com/DQmSsqDzN1bebjhVLrtU8aEpHXeV6re5uusmBAQtQ7Mar1Y/image.png)\n\n<sub>Screenshots taken from my phone</sub>\n\n</center>\n\n---\n\n<div class=\"text-justify\">\n\n**Step 3:** Then, read the terms and condition an agree it.\n\n</div>\n\n<center>\n\n![image.png](https://cdn.steemitimages.com/DQmPL2MTEVMi9bYKSMFu2Twnmd7hT8NSXe6fTt5anoEhbKC/image.png)\n<sub>Screenshots taken from my phone</sub>\n\n</center>\n\n---\n\n<div class=\"text-justify\">\n\n**Step 4:** Then set up a unique password and backup mnemonic key. You can write down mnemonic key on a diary or piece of paper and then select next step option.\n\n</div>\n\n<center>\n\n![image.png](https://cdn.steemitimages.com/DQmaHgva3Lcc2yATNAT7rGeC9j9Q8z8ygoXkjtKnZi89S3L/image.png)\n<sub>This picture is taken from my phone</sub>\n\n![image.png](https://cdn.steemitimages.com/DQmazajzbr3RmUb1VevuLVHWvsSwTA58rXdTVE8WWEBUrw3/image.png)\n\n<sub>Screenshots taken from my phone</sub>\n\n</center>\n\n\n\n![image.png](https://cdn.steemitimages.com/DQmZgaQseixUQr2gq1nDvq7eS2MKMTqA4mEYvLGEp5KSjie/image.png)\n\n\n\n\n <center>\n\n# How do you store the key(Hint- write it down on a notepad, demonstrate it with examples)? \n\n</center>\n___\n\n<div class=\"text-justify\">\n\nFrom the image given below, you will understand that,  I store some of my Keys in my sticky note. Then I take a picture of it and upload it on my google drive. I also set up a password on my google drive so that no one can get the access. \n\n</div>\n\n<center>\n \n![image.png](https://cdn.steemitimages.com/DQmaHgva3Lcc2yATNAT7rGeC9j9Q8z8ygoXkjtKnZi89S3L/image.png)\n\n<sub>This picture is taken from my phone</sub>\n\n</center>\n\n<div class=\"text-justify\">\n\nI chose them to save here because it will be hard for hackers to get access to it. It is also very easy for me to restore or recover passwords from here. \n\n</div>\n\n![image.png](https://cdn.steemitimages.com/DQmZgaQseixUQr2gq1nDvq7eS2MKMTqA4mEYvLGEp5KSjie/image.png)\n\n\n\n\n <center>\n\n# Which form of the key are you comfortable with to handle your TronLink Wallet? Include Screenshots & hide/blur the sensitive information.\n\n</center>\n___\n\n<div class=\"text-justify\">\n\nIf someone ask me to choose one private key, I will choose MNEMONIC KEYS for my wallet. Because MNEMONIC KEYS are very simple and easy. We can easily memorize it unlike the other two keys (private and keystore file). Private and keystore file are bulky and complex.\n\n</div>\n\n<center>\n \n![image.png](https://cdn.steemitimages.com/DQmaHgva3Lcc2yATNAT7rGeC9j9Q8z8ygoXkjtKnZi89S3L/image.png)\n\n<sub>This picture is taken from my phone</sub>\n\n</center>\n\n![image.png](https://cdn.steemitimages.com/DQmZgaQseixUQr2gq1nDvq7eS2MKMTqA4mEYvLGEp5KSjie/image.png)\n\n# Conclusion\n\n---\n\n<div class=\"text-justify\">\n\nThis lecture was very helpful for me to understand Blockchain Wallet-- Types, Uses, Installation, etc. I learn a lot of new things from this lecture. I also learn about Tronlink wallet. \n\nSo many thanks to Sir @sapwood for this lecture.\n\n</div>",
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      "body": "<div class=\"text-justify\">\n\nHello dear @hamza212,\n\nThank you for being a part of [SteemitCryptoAcademy](https://steemit.com/trending/hive-108451) and for participating in this **2nd** homework task from the fixed introductory [Courses](https://steemit.com/hive-108451/@steemitblog/steemit-crypto-academy-update-november-11th-2021-season-5-new-professors-and-rule-changes) for beginners, Season 5.\n\n\n***Your grade on this assignment is as follows:***\n\nCriteria | Grading\n---|---\nPresentation Style / Markdown Usage | 1.5/1.5\nQuality of Analysis | 2/2\nCompliance with topic\t| 2/2\nClarity of Language / Spelling and Grammar | 1.5/1.5\nOriginality | 2/2\n#Club5050 | 1/1\n***Total*** | ***10/10***\n\n#### Remarks and suggestions:\n\n- You have successfully completed the task.\n- You have answered all the questions properly.\n- You have added your username as a watermark to all your screenshots.\n- You have used proper sources and the presentation is nice.\n- Thanks for following #club5050 new rules.\n- Overall work is perfect.\n\n\nhttps://cdn.steemitimages.com/DQmXzQfmm4JM9vB6B47Q18VgzUJ2hPuh5C858rdC84QB3pe/image.png\n\n</div>",
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      "title": "[STEEM & TRON] - Steemit Crypto Academy Season 5 - Homework Post for Task 02",
      "body": "<div class=\"text-justify\">\n\n\nhttps://cdn.steemitimages.com/DQmUjVztcoFH41rahFasRkBPTM9AT8LoTCvRNSD78LVCB3c/STEEM%20&%20TRON.png\n[Source](https://www.canva.com/design/play?type=TAEB2BZnMpk&category=tACFauRB4fU&locale=en&analyticsCorrelationId=841186fe-41bc-4d50-a90c-1e93d2d2c210)\n\nhttps://cdn.steemitimages.com/DQmSx7MwyDpLAcXLJP2NrQXi52nxN7Dc4JT8oghF7vcocvV/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iP9S5mSM2AF1onDMf1BU7gBtwFhP3YkL6NkZvSAbPzEo26cFYnkHbhPUYHbxLCmZHeGcK89d4eS.png\n\n\n# What is PoB? What does curation mean to you in Steem Block chain? What are the benefits of building SP? How do you explain self-up vote 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 Block chain? How would you use your TRX earned in Steem Block chain to optimize earning in Tron ecosystem?\n\n\nhttps://cdn.steemitimages.com/DQmSx7MwyDpLAcXLJP2NrQXi52nxN7Dc4JT8oghF7vcocvV/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iP9S5mSM2AF1onDMf1BU7gBtwFhP3YkL6NkZvSAbPzEo26cFYnkHbhPUYHbxLCmZHeGcK89d4eS.png\n\n\n\n# <center>What is PoB?</center>\n___\n\nIt is a concept related to a set of elements that are part of the mechanism of full participation of users, which includes a reserve of rewards, knowledge, and voting rights.\n\nAs you know Steemit is one of the three main Dapps of the steem blockchain, it works in a similar way to the popular social networks that you know today (Facebook, Twitter, Instagram) in the sense that you can vote, comment, and republish, in this case, restate a very interesting publication.\n\n\n![brain-maping-post.jpg](https://cdn.steemitimages.com/DQmdFETAWPkgrybkLJY7josPih9BsHpB1UboQanCkSMniBv/brain-maping-post.jpg)\n[Source](https://www.google.com/imgres?imgurl=https%3A%2F%2Felementadvertising.com%2Fwp-content%2Fuploads%2F2016%2F07%2Fbrain-maping-post.jpg&imgrefurl=https%3A%2F%2Felementadvertising.com%2Fyour-brain-is-beautiful-and-heres-proof%2F&tbnid=f6jKMq4AIpI4CM&vet=12ahUKEwjLtJSCxdf0AhW8j9gFHWYDBmAQMygEegUIARC0AQ..i&docid=Ey8nt7mxlXIZWM&w=854&h=660&itg=1&q=proof%20of%20brain&ved=2ahUKEwjLtJSCxdf0AhW8j9gFHWYDBmAQMygEegUIARC0AQ)\n\n\nThe difference with them here is judged in terms of monetization to create valuable, interesting, quality, and truly original content, so it is necessary to use our knowledge of a particular topic or capture our perception. For each publication, it is completely valid to support the information in other sources, but it is mandatory to give credit to the real author since plagiarism is sanctioned and is not part of what would be considered a brain test.\n\nOn the other hand, the continuous growth that exists in the platform, product of the constant interaction and work that it has, will allow it to position itself and gain recognition among all the users who make a living in the ecosystem,\n\nIt is important to say that a writer is also a curator of other content, so he must be objective and critical enough to evaluate a publication and discern if it deserves a positive vote or not. So, the brain test is the commitment that every user has in creating quality content, and also in knowing how to distribute or redistribute rewards effectively.\n\n\n\nhttps://cdn.steemitimages.com/DQmSx7MwyDpLAcXLJP2NrQXi52nxN7Dc4JT8oghF7vcocvV/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iP9S5mSM2AF1onDMf1BU7gBtwFhP3YkL6NkZvSAbPzEo26cFYnkHbhPUYHbxLCmZHeGcK89d4eS.png\n\n\n\n# <center>What does curation mean to you in Steem Block chain?</center>\n___\n\nThe healing process occurs when:\n\n- We read posts and express our appreciation through positive or negative feedback, and leave comments as comments.\n- We contribute to redeeming publications when the information offered has some social relevance or practical contribution to the group.\n\nHealing in my opinion is the most important process this blockchain has because that is where the reward starts or will not be generated, what do I mean by this? Without curation, no publication has value for money, regardless of whether it is the highest quality and most original publication.\n\nBut beyond the rewards we can give and earn through this process, healing has to be a completely responsible and objective action on the part of the person doing it, and this is achieved by realizing that you can't just vote positively. All publications that exist in the ecosystem just to make it look good, but it is important to take the time to read the publications carefully and verify that each publication we choose is not really a copy from the internet, or that the same information exists in several communities at the same time.\n\n\n\nhttps://cdn.steemitimages.com/DQmSx7MwyDpLAcXLJP2NrQXi52nxN7Dc4JT8oghF7vcocvV/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iP9S5mSM2AF1onDMf1BU7gBtwFhP3YkL6NkZvSAbPzEo26cFYnkHbhPUYHbxLCmZHeGcK89d4eS.png\n\n\n\n# <center>What are the benefits of building SP?</center>\n___\n\nSP of an account as muscle mass represents support and strength for the body to move.\n\nThe same happens in this blockchain because an important part of the operations that take place within the platform are based on Steem Power, that is why we have to continue working on the growth of our SP because in the short, medium, and long term there are many advantages that can be had, such as:\n\n- The higher the SP we have, the more interactions we can do with other accounts (vote, comment, publish, etc.)\n\n- That same active participation will allow you to earn recognition and that recognition will build your reputation.\n\n- The greater the voting rights we have, the greater the value of each vote we grant to others, in the sense that the reward will be greater for both the recipient and the curator. (Healing gift)\n\n- In the long term, it will be a good investment in the world of cryptocurrencies.\n\n- We can delegate the account so that the SP increases and then you can endorse our content.\n\n- By getting SP on the rewards, we also get TRX in the same proportion.\n\n\n\nhttps://cdn.steemitimages.com/DQmSx7MwyDpLAcXLJP2NrQXi52nxN7Dc4JT8oghF7vcocvV/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iP9S5mSM2AF1onDMf1BU7gBtwFhP3YkL6NkZvSAbPzEo26cFYnkHbhPUYHbxLCmZHeGcK89d4eS.png\n\n\n\n# <center>How do you explain self-up vote as a good or bad social behavior & why?</center>\n___\n\nSelf-voting is an unwelcome action on the social network Steemit, as action is taken to verify good content, and we cannot do that with our own publications, as it interferes with the growth of the Brain Test System (POB).\n\nOn the other hand, it has to be taken into account that the vote is divided by 50% for the content writer, and 50% for the person generating the vote, so if we do the voting ourselves, the prize will be only for you, which is not good self-voting, because we have to support them who show their appreciation for us in our content.\n\nObviously self-voting is a big mistake that we can't do, it doesn't make sense to publish and self-vote, it's not fair, it's best to receive support and votes from other users who can help you with their comments, and guide you if you do it. you need, and return the bracket.\n\n\nhttps://cdn.steemitimages.com/DQmSx7MwyDpLAcXLJP2NrQXi52nxN7Dc4JT8oghF7vcocvV/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iP9S5mSM2AF1onDMf1BU7gBtwFhP3YkL6NkZvSAbPzEo26cFYnkHbhPUYHbxLCmZHeGcK89d4eS.png\n\n\n\n# <center>Explore Coinmarketcap.com to indicate rank, STEEM price, and coinmarketcap of STEEM (screenshot required)?</center>\n___\n\n- 1st visit to- https://coinmarketcap.com/currencies/steem/\n- Search for steem\n- Click on steem\n- Below screenshot is the result.\n\n![Capture.PNG](https://cdn.steemitimages.com/DQmcZBax6ruU7XQh1c6Kh4n8LESmcoXU78yqNFsiwRWwifP/Capture.PNG)\n[Source](https://coinmarketcap.com/currencies/steem/)\n\n\n\nhttps://cdn.steemitimages.com/DQmSx7MwyDpLAcXLJP2NrQXi52nxN7Dc4JT8oghF7vcocvV/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iP9S5mSM2AF1onDMf1BU7gBtwFhP3YkL6NkZvSAbPzEo26cFYnkHbhPUYHbxLCmZHeGcK89d4eS.png\n\n\n\n# <center>What are the different tokens do you earn by socializing in Steem Block chain?</center>\n___\n\nBy working at Steem, we have the great advantage of allowing us to socialize, interact, and earn lucrative rewards that value our content. That is why blockchain allows us to earn different tokens like STEEM, SBD SP, TRX.\n\nSteem is a fundamental token, because with it we can create Power Ups to increase our Steem Power, we can transfer it to other users, as well as sell it in the local market.\n\nSBD is a Steem token that we can convert on any Exchange, we get it from the votes we receive in our posts, the goal is to keep the Steem blockchain economy stable.\n\nSP allows us to increase our influence within the platform, it is not transferable, but we can delegate it to other accounts or communities to also support its growth, and it can be converted into steem through Power Dow.\n\nTrx is another token that we also earn through our posting rewards, which are transferred to our tronlink wallet.\n\nFor a writer, it could be the following:\n\nSBD + SP (if the debt ratio is less than 9%)\nSTEEM + SP (if the debt ratio is higher than 10%)\nSTEEM + SBD + SP (if the debt ratio is between 9% and 10%)\n\nIn the case of the Author Award, there are three options:\n\n50% SBD / 50% SP-- 50% SBD and 50% SP\n100% Power Up - Full reward on SP\n\nBecause the default setting is always 50% SBD / 50% SP.\n\n\n\nhttps://cdn.steemitimages.com/DQmSx7MwyDpLAcXLJP2NrQXi52nxN7Dc4JT8oghF7vcocvV/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iP9S5mSM2AF1onDMf1BU7gBtwFhP3YkL6NkZvSAbPzEo26cFYnkHbhPUYHbxLCmZHeGcK89d4eS.png\n\n\n\n# <center>How would you use your TRX earned in Steem Block chain to optimize earning in Tron ecosystem?</center>\n___\n\nTRX earned itself an SP by harassing curators and writers through upvotes for quality content. Since TRX is a loan token, it is stored in the TronLink wallet as the official wallet of the TRON ecosystem, but users may like the existing TRON wallet. Below is how we can optimize profits in the TRON ecosystem with TRX earned on steemit.\n\nWe select mining pools from DEFI app and stake liquidity provided tokens to earn native tokens or mining rewards.\n\nWe can also exchange the earned TRX for a different token on the JustSwap platform from the DEFI app on the TronLink wallet. These exchanged tokens can be used as collateral tokens when borrowing from the JustLend platform using the DEFI application in the TronLink wallet.\n\n\nhttps://cdn.steemitimages.com/DQmSx7MwyDpLAcXLJP2NrQXi52nxN7Dc4JT8oghF7vcocvV/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iP9S5mSM2AF1onDMf1BU7gBtwFhP3YkL6NkZvSAbPzEo26cFYnkHbhPUYHbxLCmZHeGcK89d4eS.png\n\n\n# <center>Conclusion</center>\n___\n\nThe consensus mechanism is the method used by the blockchain to generate agreement, trust, and security. It is an egalitarian, participatory, collaborative and inclusive way to reach agreement on transactions and other issues such as blockchain.\n\nSo many thanks to Sir @sapwood for this lecture.\n\n</div>",
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      "body": "5 days gone and my 2 posts (task 6 and task 10) are not rewarded. Please cure @dilchamo",
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      "body": "I removed it.\n5 days gone and my 2 posts (task 6 and task 10) are not rewarded. Please cure @dilchamo",
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      "body": "I removed it.\n4 days gone and my 2 posts (task 6 and task 10) are not rewarded. Please cure @dilchamo",
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      "title": "Different types of Consensus Mechanisms - Crypto Academy Season 5 Beginners' course - Task 6",
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      "body": "<div class=\"text-justify\">\n\nHello @hamza212, \n  \nThank you for participating in the #10 Fixed course for Newcomers in the **Steemit Crypto Academy**. \n\n**Your grade on this assignment is as follows:** \n<p></p>\n\n| Criteria | Grade |\n| --------|---------|\n| Presentation/Use of Markdowns| 1/2 |\n| Compliance with topic| 1.5/2|\n| Quality of Analysis| 1/2|\n| Clarity of Language| 1/2|\n| #club5050 | 1/1|\n| Originality | 1/1|\n| ***Total*** | ***6.5/10***|\n\n<p></p>\n\n**Homework task: 6.5/10** \n<p></p>\n<b>Feedback and Suggestions</b> :\n\n- Your effort in this task is appreciated.\n- You will get the mark for #club5050 as you have powered up 150 SP since last month according to #club5050 academy season 5 new rules. You can power up before the curation and maintain it without powering down or more cashouts and gain the extra rewards.\n- Do not tag steemcurators in homework posts.\n- You have done good explanations for the questions.\n- You may improve the quality of writing using good vocabulary.\n- Overall presentation is good.\n<p></p>\n\n<center>![SAVE_20210724_220410.jpg](https://cdn.steemitimages.com/DQmWGHo9eV2xu96P4pYUaEpfLSD7ovEhznAW95FwC35s3x4/SAVE_20210724_220410.jpg)</center>\n</div>",
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      "body": "@@ -2684,111 +2684,8 @@\n ds. \n-We can also point out supports and resistances and thus see if the market is in a trend or price range.\n  Det\n@@ -7553,17 +7553,18 @@\n fy%22%3E%0A%0ATh\n-e\n+is\n  Japanes\n@@ -7607,16 +7607,45 @@\n st used \n+technical tool which is used \n by trade\n@@ -7692,24 +7692,28 @@\n orld\n-, t\n+. T\n his is \n-due to\n+because of\n  its\n@@ -7766,193 +7766,9 @@\n erns\n- that when well interpreted can provide us with valuable information to perform. Our investment, this facilitates our analysis and that is why for me it is a graph of vital importance. \n+.\n %0A%0ASo\n",
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      "author": "hamza212",
      "permlink": "candlestick-patterns-steemit-crypto-academy-season-5-homework-post-for-task-10",
      "title": "Candlestick Patterns - Steemit Crypto Academy Season 5 - Homework Post for Task 10",
      "body": "![Candlestick Patterns - Steemit Crypto Acad Season 5 - Homework Post for Task 10.png](https://cdn.steemitimages.com/DQmSfqt5garCHr4miTCdTHQt9SjhYZ3J9ZF8XA3nbhFYt9T/Candlestick%20Patterns%20-%20Steemit%20Crypto%20Acad%20Season%205%20-%20Homework%20Post%20for%20Task%2010.png)\n[Source](canva.com)\n\n\n![image.png](https://cdn.steemitimages.com/DQmZgaQseixUQr2gq1nDvq7eS2MKMTqA4mEYvLGEp5KSjie/image.png)\n\n\n\n\n<center>\n\n**a) Explain the Japanese candlestick chart? (Original screenshot required).\nb) In your own words, explain why the Japanese Candlestick chart is the most used in the financial market.\nc) Describe a bullish and a bearish candle. Also, explain its anatomy. (Original screenshot required)**\n\n</center>\n\n\n![image.png](https://cdn.steemitimages.com/DQmZgaQseixUQr2gq1nDvq7eS2MKMTqA4mEYvLGEp5KSjie/image.png)\n\n\n# <center> Explain the Japanese candlestick chart? (Original screenshot required). </center>\n\n---\n\n<div class=\"text-justify\">\n\nThe origin of the Japanese Candlestick Chart is in Japan. Rice traders used it and it was very successful in the stock market. This Japanese Candlestick Chart provides detailed information about the market. this chart is used to plot the prices with volumes. It can be read, analyzed, predicted. Reading and understanding candlestick patterns is generally called TA (Technical Analysis).\n\nJapanese Candlestick is one kind of price chart used in technical analysis that shows us the high, low, open, and closing prices of an asset for a specific time period. It is made using the open, high, low, and close of a certain time period. It can be used for any time period, whether it can be one day, one hour, 5mins, or whatever you want. They are used to describe the price for a certain time period.\n\n</div>\n\n\n![image.png](https://cdn.steemitimages.com/DQmXRQtoZSH86CiPwPvqaUqAJZW5GAJWeF4ovHMasrAhBWs/image.png)\n[Source](https://poloniex.com/exchange/USDT_STEEM)\n\n<div class=\"text-justify\">\n\nAs we can see in the graph, each candle shows a defined time period of 5 minutes. This candle gives us detailed information about the price movement in these 5 minutes. We can see the opening price, minimum price, maximum price, and closing price ​​in each candle. When pointers are placed on them, here I show you what these values ​​of a candle look like.\n\n</div>\n\n\n![image.png](https://cdn.steemitimages.com/DQmPoTmy4XnLdHiBFaN49gFHATqcbuqZZ8SEi6pijR5E76n/image.png)\n[Source](https://poloniex.com/exchange/USDT_STEEM)\n\n<div class=\"text-justify\">\n\nThis type of graph allows us to give a simple explanation of price movements, in which we can see the formation of both bullish and bearish trends, for this, we have the tools to identify these trends. We can also point out supports and resistances and thus see if the market is in a trend or price range. Determining what will happen with the price and knowing when is the right time to buy or sell.\n\nWith the help of this type of graph, we can study a lot of market movements, for example, the usage I know the most is with cryptocurrencies, this kind of graph allows us to access a large number of pairs before our analysis before making our investments.\n\n</div>\n\n\n![image.png](https://cdn.steemitimages.com/DQmZgaQseixUQr2gq1nDvq7eS2MKMTqA4mEYvLGEp5KSjie/image.png)\n\n\n\n\n <center>\n\n# In your own words, explain why the Japanese Candlestick chart is the most used in the financial market.\n\n</center>\n___\n\n<div class=\"text-justify\">\n\nI think the great acceptance of this type of chart in the financial market is related to the great ease with which it presents us so that a beginner trader can explain a good entry point in a position and an experienced trader can develop buying and selling and thus your Make the most of your experience to get a return on investment.\n\nAlso, the information given individually, 1 candle, as well as many of them together, can reflect the market sentiment and signal for the traders after the correct identification of the various patterns created in the market.\n\nSimilarly, these signals from patterns can complement technical indicators in a very effective way. In addition, confirming patterns and supplements and signals emitted by indicators are attempts to run activities that generate profit, while always minimizing the risks present while operating. By the way, for all these aspects I think the Japanese candlestick chart is the most used and personally, it has given me very good results by applying all the aspects mentioned above.\n\nThese indicators, such as the chart itself, can be customized to create an analysis strategy based on each individual's experience.  You can decide to trade just by looking at the price movement. In other charts, it is practically impossible.\n\n</div>\n\n<center>\n\n\n![image.png](https://cdn.steemitimages.com/DQmZgaQseixUQr2gq1nDvq7eS2MKMTqA4mEYvLGEp5KSjie/image.png)\n\n\n# Describe a bullish and bearish candle. Also, explain its anatomy. (Original screenshot required)\n\n</center>\n\n\n![image.png](https://cdn.steemitimages.com/DQmc2a4unWhcnhPZCHL6JKGo1yY5oVjuExUTQNxugepeaQA/image.png)\n[Source](https://www.cmcmarkets.com/en/trading-guides/candlestick-charts)\n\n<div class=\"text-justify\">\n\nJapanese candles can be introduced in different varieties. We can find bullish or bearish Japanese candles with or without top shade, with a long or a short body. We can also find bullish or bearish doses. Below I will present two examples, a bullish candle, and a  bearish candle. They show us the information about open, closed, high, and low prices. The order varies depending on whether it is bullish or bearish. \n\n</div>\n\n---\n\n## Bullish Japanese Candle\n\n---\n\n![image.png](https://cdn.steemitimages.com/DQma6CpCmxJa25wW9WcnSRo6qVYFoAybmiJK69WXnkBQ51F/image.png)\n[Source](https://steemit.com/hive-108451/@reminiscence01/steemit-crypto-academy-season-4-beginner-s-course-task-10-candlestick-patterns)\n\n<div class=\"text-justify\">\n\nA bullish Japanese candle indicates the price of assets from the time it is opened until the time it is closed. The greater the difference between the two, the longer the final part of the candle will be. It is usually green and its full anatomy is presented as below.\n\n<b>Low:</b> Low part of a bullish Japanese candle represents a lamp that indicates the difference between the opening price and the price that falls below.\n\n<b>Body:</b> Body is the price that increases from opening to closing.\n\n<b>High:</b> High indicates the difference between the maximum price of a candle and its closing price.\n\n</div>\n\n---\n\n## Bearish Japanese Candle\n\n---\n\n![image.png](https://cdn.steemitimages.com/DQmNNB1L2mo6jbP9AysmkZW4zeeRQNZwQq8fPjzpXw3JPyi/image.png)\n[Source](https://steemit.com/hive-108451/@reminiscence01/steemit-crypto-academy-season-4-beginner-s-course-task-10-candlestick-patterns)\n\n<div class=\"text-justify\">\n\nA bearish Japanese candle represents the decrease in price. This decrease is represented from the opening of the candle to the closing. We can see an example of this in the picture and its entire anatomy is below.\n\n<b>High:</b> This upper shade or lamp consists of a combination of opening price and maximum price reached by a candle.\n\n<b>Body:</b> The real body of the candle represents the price drop from the opening to the closing of the candle, this candle will get bigger as it decreases.\n\n<b>Low:</b> This is the minimum difference reached between the price of a candle and the closing of a candle. As a body, the greater the difference between these two values, the bigger this wick will be.\n\n</div>\n\n\n\n![image.png](https://cdn.steemitimages.com/DQmZgaQseixUQr2gq1nDvq7eS2MKMTqA4mEYvLGEp5KSjie/image.png)\n\n# Conclusion\n\n---\n\n<div class=\"text-justify\">\n\nThe Japanese candlestick chart is one of the most used by traders, merchants and investors around the world, this is due to its easy interpretation and the formation of patterns that when well interpreted can provide us with valuable information to perform. Our investment, this facilitates our analysis and that is why for me it is a graph of vital importance. \n\nSo many thanks to Sir @reminiscence for this lecture.\n\nCc:-\n@steemitblog\n@steemcurator01\n@steemcurator02\n</div>",
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