Before I didn't know what a power up was, many of my friends urged me to power up.
But made me even more confused until Mr.@Justbabybee explained it briefly and concisely, just like the word science of the contents.
I am very grateful to him who has introduced me to power up
WHAT IS A POWERING UP.?
Powering Up is the act of staking your Hive Coins.
This means that instead of directly converting your coins into fiat via a crpyto exchange, you choose to lock them into the Hive ecosystem.
Powering Up is just keeping in your wallet while increasing your bet.
Why you should turn it on, there are various reasons why a power up will be very useful for you.
You can look at it from three points of view.
You are the account owner.
You can perform activities in Hive when you have Resource Power directly related to your Hive Power.
The higher your Hive Power, the more activities you can do such as posting, commenting, upvoting.
Also, you earn by improving other content on Hive.
The higher your Hive Power, the higher your voting power, thereby helping you to earn curation rewards. Your Hive Power also earns an APR which is currently at 3.37%. The APR is the interest rate capped on you for keeping Hive in your wallet in the form of Hive Power.
**Other content creators. **
Other creators are directly benefiting from the power of your hives through your upvotes. You can make a big difference in their post payout when your Hive Power is high. The power of your nest can also help when you delegate to newly created accounts. Since all accounts must have sufficient RC to be active, your extra Hive Power can be delegated.
Nest as a whole Your
Hive Power also helps in selecting witnesses. Witnesses are the people who manage the blockchain. We as users can vote for witnesses we want to include in the top 20. The amount of Hive Power you have determines the weight of your vote. So if you have witnesses who want to stay in the top 20, you'll want to check your strengths so you can show them more support.
this is all I know about power ups, maybe more or less in my language, sorry #hive and #power up friends.
If there are suggestions and criticisms please leave the comments column so I can make the best again.
SEE YOU AT ANOTHER TIME
