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2nd Task of stage-02:Learning about Hive, HBD &powering up

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Greeting everyone

A few questions to answer to say, that I do have an understanding about Hive tokens, Hive power and how to power up. Here are the questions and their answers. please look—

  1. How much do you know about Hive, Hive power and HBD: Hive is a liquid currency of Hive- blog,which can be bought and sold for cash from other exchanges, just like every other cryptocurrencies. The Other source to earn Hive is the Hive- bolg by posting.

Hive dollar is popularly called HBD. This liquid tokens are earned on Hive by posting the contents we make, as rewards. Both– Hive & HBD can be converted to each other.

  1. Is there any importance of powering up?: Absolutely, powering up is very important as it provides the required strength to your account to perform your activities. Powering up enough, confirms how many post, comment and voting you can do. It even provides the voting power to influence the rewards on usars post.
  1. How many ways to acquire Hve power(HP): Three basic ways to have Hive power :

A. Earning from post: The rewards we earn by posting a content, a part of it is deposited to our wallet as HP. It can converted to HBD.

B. Buy Hive: Hive can be purchased for cash and of course, can be converted to Hive power.

C. Get Hive through delegation : Well,
I am yet to educate myself on this one.

  1. Show the process of converting HBD to Hive from internal market :
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This is a simple process, here is how it goes — get to Hive wallet click on the little arrow next to Hive dollars, a menu will show up, click on market —look at the display to find where is the word price (a rate is shown)– input the amount of HBD you wanna convert in place labelled TOTAL—check the amount you are expecting to receive in the place labelled amount. If satisfied with the price– click on buy Hive and wait for the order to be filled– HBD is converted & transferred to Hive.

  1. Can you power up Hive to HP?:
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The process is pretty similar to the previous one. It goes like this— get to Hive wallet— click on Hive arrow and then click on power up– background will open up– input the amount of Hive you want powered up then click on power up. The transaction is done.

This is it for now. Wishing everyone to have a big smile.

Thankyou
@puma009