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.

Splinterlands - End of Season (Looking at the Numbers)

17 Jan 2020 1 minute read 0 comments mawit07

Conclusion to another great season was today and many players where receiving their well deserved reward cards. Are you curious how popular Splinterlands is? (Data courtesy from @rafalski at Splinterlands Statistics) Daily Battles Chart (From 10/201...

Get the Payout report of a Steem user for any period you specify in Steem Blockchain.

30 Dec 2019 1 minute read 0 comments milaan

You can check the customized payout report of a Steem user for any period that you specify. Just use this tool, enter the Steem username, enter the period for which you want to check the earning of a Steem user. You can customize this earning report...

Tunes - A Tribe for musicians and all music lovers

14 Aug 2019 1 minute read 4 comments PH-X

Hello, everyone already heard the good news? Tunes - A Tribe for musicians and all music lovers I want to present a new tribe called Tunes, for me one of the best and supportive tribes until now.For all musicians and music lovers, you have a place o...

Justin Sun killed STEEM.

21 Mar 2020 1 minute read 1 comment MadMaxx

#hiveislive! Hive got launched yesterday, and that wasn't done without a ton of controversy. First off, Binance and Huobi, who were previously accused of supporting Justin Sun with their share of STEEM(and subsequently denied the allegations) were am...

Cryptocurrencies Replacing Fiat By 2030: A Lesson For Steem

8 Dec 2019 4 minute read 5 comments TaskMaster

  The acceptance of cryptocurrency is slow. Bitcoin is over 10 years old and there are still, proportionately speaking, very few users globally. Many use the idea of a slow acceptance rate as a sign that it is a failure. This is not exactly the case....

Do you spend Steem offline?

5 Jan 2020 1 minute read 2 comments belemo

Earlier today while I was sitting on the shitter, the place where most great ideas are born, the question on the title popped into my head. The question came due to the fact that I have been blogging my ass off for a couple of months to buy a new pho...

Thursday Update for Atom Collector Records, @MusicVoter & @MusicVoter2

28 Nov 2019 1 minute read 0 comments AtomCollector

  A Little Crypto Feeds Kids! If you are a regular reader of our updates or if you watch our live streams you will know that we are supporting a music school in Venezuela run by @kantos. They have their own STEEM account, @fundakantoria, and...

STOP creating whales!

29 Dec 2019 4 minute read 0 comments DragoNate

One major thing that holds me back from many platforms & ideas is the fact of knowing that I won't be able to earn much from it. No, earning isn't the major reason I want to create content, but it is my time I'm spending & time doesn't pay the bills...

HIVE Blockchain: The Future of Mining

22 Sep 2019 5 minute read 2 comments

As the world of blockchain continues to undergo rapid development, several companies have come into the limelight. While it may be difficult to separate the wheat from the chaff where investment is concerned, some companies clearly stand out. One of...

$11 Trillion Cryptocurrency Marketcapin 2023: Steem Stands To Really Benefit?

25 Dec 2019 4 minute read 1 comment TaskMaster

We see a lot of projections and people trying to figure out where the cryptocurrency market is going. I think it is no longer a question of whether this is going to be a part of the future. Blockchain and cryptocurrency are growing. I keep coming ac...