STEEM - News, Opinion & Analysis

Steem (STEEM)

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Steem is a social blockchain platform that focuses on decentralized applications, an example of which is the popular Steemit publishing platform. Launched in 2016 by EOS founder Dan Larimer and Ned Scott, STEEM is one of the earliest examples of a social and content-focused platform that employs cryptocurrencies and the blockchain. 

Steem’s mission is to empower communities by giving them smart tokens to incentivize users to help grow communities and foster participation.

Steem’s most prominent application, Steemit, is a publishing platform where content creators are rewarded with the cryptocurrency token STEEM for the quality they produce. There is also a stablecoin available on the network called Steem Dollars (SBD). Both tokens can be traded on an internal decentralized exchange. Transaction fees are replaced by the inflation rate of the token.

Several other decentralized applications have already been created on Steem. Other dapps include Steem Engine, a platform for issuing and trading Steem-based tokens; DTube, a decentralized platform for uploading and sharing video material; SteemPress, a WordPress plugin connecting WordPress and Steem; and more.

The Steem team is currently focusing on developing Smart Media Tokens, which will “will allow anyone to create their own token...and use those tokens to fundraise, monetize content, and grow their own social communities.” This is intended to help communities in the content creation space to launch their own tokens to support themselves and establish mutually beneficial mini-ecosystems.

Comparing Read.Cash to Steemit Isn't Even Fair!

18 Sep 2020 3 minute read 1 comment LeftAntiPC

Steemit started the crypto-blogging boom, but it isn't the king anymore. Publish0x is a fantastic platform that anybody interested in blogging should check out, but if you are looking for another site in addition to Publish0x, are you better off with...

How to store data on a blockchain ?

13 Sep 2020 1 minute read 0 comments yanis

In my previous article, I talked about using a blockchain-based cloud (storj), but ethereum was only used for paying node operators. So in this article, I will give you ways for directly storing data on the blockchain.   1 - OP_returns OP_returns are...

Steemit versus Hive versus Blurt ... Blurt ?

30 Aug 2020 1 minute read 1 comment OG Crypto

I have been on Steemit since June 2017.... Hive March 2020 and Blurt July 2020. I have been trying to post at least once a day on each Blockchain since I started.  At the moment I have the following amounts of Steem, Hive and Blurt Power :  SteemPowe...

Publish0x Vs. Steemit - A One sided Blowout!

30 Aug 2020 6 minute read 18 comments LeftAntiPC

I began cryptoblogging back in early 2018, on a site called Steemit. Nowadays you are much more likely to find me on Read.Cash or Publish0x. So what happened, and why do I now spend much more time on either of those sites than Steemit? Well, let's co...

Good opportunity to sell Steem and get equivalent or more Hive token in exchange

23 Aug 2020 1 minute read 0 comments Bala

The price of Steem and Hive that we see right now is a rare opportunity. It's been several months since price of Hive was lower than Steem. Today while observing the market, I noticed that the value of Hive is dropping giving us a good opportunity to...

My Honest Comparison Between Publish0x and Steemit

22 Aug 2020 2 minute read 5 comments Infotips

Crypto social blogging platforms are springing out daily competing for a space in the hearts of crypto enthusiasts and crypto investors. the earliest of them all is steemit. It was founded by Ned Scott and Dan Larimer in early 2016. I joined in 2017...

Steemit community sued bittrex exchange

19 Aug 2020 1 minute read 0 comments CryptoArgha

Social media and blogging blockchain platform steemit launched a lawsuit against bittrex exchange Top leading US backed Crypto exchange was sued by blockchain powered crypto platform steemit community In May, 2020 $5 million was seized from the steem...

Hive up 30% in 1 month. Stay Powered up to Earn Huge Curation Rewards.

16 Aug 2020 1 minute read 0 comments OG Crypto

Nice move on Hive today. Slow and steady wins the race right ? Is it a race ? Actually Hive is just a great place to share your Creative work. The fact that you might earn some extra $$$ on every blog post is a bonus. The best part about Hive is that...

Are you ready for a pradigm shift in Defi?

16 Aug 2020 1 minute read 0 comments achim03

This week I made a quite special experience. I've been posting on publish0x on and off for a certain time and I managed to make a withdrawal. I'm not using my Etherium account often and I was shocked when I saw the gaz that was needed to send the ERC...

Steem Fork: What happened with Hive, SteemIt & Justin Sun?

13 Aug 2020 4 minute read 8 comments

For those of you out there who are altcoin lovers, you’re probably familiar with the alt coin Steem, known as the “blogging” blockchain which rewards users for sharing their content. When a user posts to the Steemit app available on the Steem platfor...