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.

Steemit Vs. Publish0x - My honest review

12 Jan 2020 6 minute read 37 comments paragism

Steemit was launched in 2016. It was the first application built on the Steem blockchain. Steemit is the first decentralized social media or publishing platform in the history. It has Delegated Proof of Stake (DPoS) mechanism which protects the block...

STEEM might dump hard after the fork.

19 Mar 2020 1 minute read 1 comment MadMaxx

Remember the Justin Sun fiasco? Well, that has me to the STEEM governance deciding to fork the STEEM blockchain to create a new cryptocurrency. If you read my last post, you'd have gotten the full gist. If you didn't read it, you can do that here. Th...

My STEEM fork update: All went well!

20 Mar 2020 1 minute read 4 comments MadMaxx

Do you remember that post that I put out yesterday about my plan to get some free Hive tokens? Well, it worked wonderfully! I even got $1 of profit from my STEEM sell off! Here are all the deets. But before that, if you didn't read yesterday's post,...

Trying out Holybread, a new STEEM based game.

31 Jan 2020 1 minute read 1 comment niallon11

Firstly it's great to see a new game starting on STEEM and one which is quick and simple to get started with. I signed up in beta stage a while back but had forgotten about it until this week as the game went live to everybody. The game is   Holyb...

Soft fork attack on certain ex-Steem top insurgent witnesses!!

7 Apr 2020 3 minute read 2 comments Greenchic

  (Image Source) One would have thought that with HIVE Blockchain, a fullstop was put to the fighting that was happening between Justin Sun Tron Steemit section and the other leading original Steem witnesses, who were running the Steem Blockchain an...

Corona shopping, What are your essentials?

15 Mar 2020 3 minute read 1 comment niallon11

I think that by now the Corona virus has started to affect the lives of most people across the world in some way of another. I know in my country we went though the original stage of panic when schools and businesses shut down in an unprecedented mov...

Insane Tronlink post spreads fud about Steem

16 Feb 2020 1 minute read 11 comments paragism

Cover Image Source - Digitally remastered by the author I just saw the tweet of Tronlink, the official wallet of Tron. It states that token swap is must for my STEEM. On Valentine's Day, the TRON Foundation and Steemit announced their strategic partn...

Justin Sun Buys Steemit

16 Feb 2020 1 minute read 0 comments BTCparadise

If you haven't heard about the news already, Steemit has been sold to Justin Sun. It was announced yesterday on February 14, 2020. Justin Sun wrote on Steemit: Today, TRON joins forces with the Steem community & Steemit. We are so excited about this...

Steem Hostile Takeover

2 Mar 2020 2 minute read 2 comments doyouminecrypto

So I'm sure everyone has heard about the purchase of Steemit by Justin Sun and how the Steem blockchain community moved to block Sun's power to potentially "takeover" the blockchain. If not, here is a start to your own research. Make sure to pay atte...

Splinterlands announces move to Hive Blockchain

19 May 2020 1 minute read 3 comments CryptozNewb

  Splinterlands announced earlier this morning that they will be moving their game  off of Steem and onto the Hive blockchain! This is big news, coming not long after the fiasco earlier this year with Justin Sun's acquisition of Steem, exchange-assi...