Hello Hivers, trust we doing great. We are much delighted for this tutorials and the opportunity to try our hands on this lesson.
Having gone through the lesson successfully, I think I'm well vexed in the topic and would like to express my hands on the questions or tasked under the lesson.
Task 1
- How much do you know about Hive, Hive Power & HBD?
From the lesson and the little I know ,Hive is a form of cryptocurrency just like the Bitcoin and other we know of. Hive can be bought or sold for physical money just as we all know about crypto currencies. They are all electronic money which cannot be seen or touch. Hive unlike the other coins which can be mine, with hive you only earn by investing that is buying it or from Hive.blog. We earn hive through on hive.blog by posting or using the platform. Hive.blog is just like all other social media platforms where you post your pictures or articles for others to see and comments but with Hive.blog, you earn as a results of your post.
Hive Power:
Hive power is also a token we earn from our post and gives us the more power on the blockchain. We can convert Hive to Hive power and that will influence our earnings on the platform.
Hive Dollars:
This is also a reward we earn from our post and can be trade at anything. HBD can be converted to Hive on the market.
- Is there any importance of powering up Hive?
Of course Yes, unless we don't understand what it is to power up. Powering up a way of ensuring hive blockchain grows with us. Our activities on the blockchain is only determine by the amount of hive power we have. Powering up gives us the big opportunity to earn for ourselves today and the near future as well. Is also a form of Investment for those who cannot buy more hive for the future. Powering up is really important and must be entertain by us all.
- How many ways are there to acquire Hive Power (HP)?
Basically, there are 3 ways to acquire or increase your hive power.
- Post rewards or earnings.
- Buying and converting Hive.
- And through delegation.
Post Rewards: This is one of the easiest and slowest way of earning hive power. This demands consistency and learning a lot from the platform. We earn hive from the post that we make and this rewards are divided into 4.
Buying and converting Hive;
We can also acquire hive power by buying hive and converting to Hive power. This is the best way of increasing one's power on the blockchain.
Delegation: Delegation is also a means by which one user offer his hive to a community or another user to perform activities like voting. So here, another user can delegate or borrow us some hive for our growth on the blockchain.
Show the process of converting HBD to Hive from Internal Market? (Must show screenshots)
Now converting HBD is one of the things one should know on the hive platform.
Now you go to hive.blog. and get to wallet.
You must see a page like this on your screenshot.
- Since we are converting HBD to hive, then you must make sure you have some coins for the conversion and then locate HBD.
- You then click on market and it will then send you to this page where you can make your conversion.
- Your available token will appear where indicated available and then you click on it only if you want to convert all HBD having in the accounts, if not you then enter the amount of Token at the amount section and then click on buy.
Make sure you've entered your active keys which I believe you know its use up to this far.
These steps should be able to help you convert HBD to hive.
- Can you power up your Hive To HP? (Must Show The Process)
Yes through this lesson, I can now power up my hive to Hive power. and this is how it is done.
Steps involved.
As usual you log in into your wallet and this time round you locate hive
You then click on power up just as shown in the screenshot.
A fresh page will pop up for you to continue with your powering up.
You then click on Ok and then confirm your with your keys and that is all..you can go back and your Hive will be powered up.
NB: Powering up is a form of investment onto the platform and must be encourage by all.
Thank you for your time.
Your comments and concerns are highly welcome.