This week has been all about Steem. The website works using a combined voting and token system. Users can upvote articles and posts and if the article is good, it gets spread and makes money for the writer. This system is really interesting because it is a new way to monetize writing that didn't exist before.
I signed up for a Steem account today for the first time. Thought I would give it a try. It seems to be a very interesting platform that I'll be using over the next few months. It looks like the potential applications for this blockchain are more than the way it is currently being used. Some other ways it could be used are:
Logging vital records, such as keeping a tamper-proof history of important documents Voting keeping track of votes without needing a third party to tally the votes Updating land registries and tracking property deeds. It will be interesting to see where blockchain technology goes in the future and how Steem develops as a result.
Steem has an incredible potential for growth. Having read about it recently, it seems that there are still not many active users on the platform. Once the user base gets bigger and there are more Dapps being developed on top of it, Steem could become the go-to blockchain for organizations to use.
I created an account on Steemit and most of it was interesting, it seems like a really secure platform, but now I can't figure out how to even log in. I'm getting 20 different passwords, 6 different keys, I'm somehow now affiliated with TRON? I pretty much have no idea what's going on. All it says is to login after securely validating my email and phone number is, Username and password. I know what to type in for username, but I have no idea what to put in for password. It seems like they should really streamline the front end and make this much less confusing if they actually want users on the platform. I don't really see the point of using Steem if it's this hard to figure out.
Hello there Anonymous,
Steemit can be confusing at first. You are not the only one who has had trouble trying to figure everything out on this platform! The thing about these types of blockchain based applications is that they are still new, so there is going to be a learning curve for the user base. I have been using Steemit regularly for about a year now and I am still learning something new everyday!
What is important to realize is that it is worth putting in the time to learn how everything works. Once you learn everything, it gets a lot easier to use. If you are interested, start by searching key words on how to use the wallet and blockchain. The wallet is the website that you use to post on Steemit. Then there is the blockchain, which is basically the back-end of the website. To post on Steemit, you only really need to know how to use the wallet. But if you want to do more in depth things with your account, learn more about what is happening behind the scenes, and be an active participant in the community, then you will need to learn a little bit more about how the blockchain works. There are many guides about this on Steemit and even Youtube.
In response to your question about TRON, that is just the name of your currency on the Steem blockchain. Your account is tied to the dollar value of TRON in relation to STEEM, but if you ever decide to leave Steemit or the currency loses value, your account will still be worth whatever amount of STEEM you have.
I hope this reply helps! If you have any other questions, please feel free to send me a message!
I've included a link below which describes the various passwords and why there are so many generated.
I'm not a financial advisor, I'm a student writing about my own financial journey through cryptocurrency. The information in this article was written based on my opinion and what has worked for me so far. In almost all cases you should always talk to a financial advisor before making any type of investment. I am not liable for any monetary damages caused by reading this information.