thanks alot for this info it really helped but can you expansiate more on powering up all about it and how it can help me on the hive blockchain
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thanks alot for this info it really helped but can you expansiate more on powering up all about it and how it can help me on the hive blockchain
You're welcome. Yes, powering up your liquid Hive stakes it to your account. The more have powered up and staked the more your vote is valued. So, as you vote with more stake you get more curation rewards in return when posts you vote on payout. Half of every post's rewards goes to the author and the other half goes to the curators/upvoters. So, as those rewards are split among the upvoters the more you have powered up the more your vote is worth bringing you the rewards proportional to your vote split amongst all the voters.
When you post, the default setting is for a Hive Power and Hive Backed Dollar split. Many people trade their Hive Backed Dollars or HBD into liquid Hive on the internal market. After they get liquid Hive they power that up to grow their account faster. I may need to make a post about that next for a tutorial where i can explain it in a bit more detail. Thanks for asking and i hope my answer was not too much information.
thank you .,but for more clarification can i trade my hive power to liquid hive to power up?....and when you mean boost account, do you mean the reputation figures will increase? and how does it increase my earnings,..please am sorry i'm sound off track,..just really wish to know how the system works
Other way around. Liquid Hive becomes Hive Power. The more Hive you have staked in Hive Power, the more valuable your upvotes are and the more you get rewarded for upvoting others.
thankyou for this enlightenment @ddrfr33k,...am cleared now
@eminentsam48, your reputation grows from receiving upvotes.
ddrfr33k said it well... staking liquid Hive is Powering Up.
Reread their comment and then reread by previous comment.
The more stake or Hive Power you have the more of the daily reward pool you get to distribute to the community with your upvotes. Hope this helps.
thanks a lot,it really did
Awesome, glad to hear!