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.

Revolutionizing the Social Media Era: Steemit

21 Apr 2020 15 minute read 7 comments Cryptodeepdive

The research done for writing this article, and the writing of the article itself was during the acquisition of Steemit by Tron. Although it does make the future less secure, meaning that Steemit can both enjoy accelerated growth due to extra funds m...

Hive/Steem - Two Minutes of Reflection

21 Mar 2020 1 minute read 3 comments MarkHelfman

Whoa. Tron acquired Steem and Hive decided to secede. While I'm certain this situation is incredibly stressful for everybody involved -- and I'm rooting for everybody to get a result that benefits the community -- it also raises so many really intere...

How to earn Crypto - Part 2 - Content Creation Platforms - Earn from Writing

10 Mar 2020 6 minute read 8 comments pheonixdown-dee

Since I have been working in the cryptocurrency for over 3 years, I am used to getting the same question thrown at me week upon week to anyone who isn't clued up on the cryptocurrency world - Should I invest my money into cryptocurrencies?  My repl...

Blockchain Governance, Szabo's Law & Justin Sun's Frozen Steem!

25 Feb 2020 4 minute read 5 comments paragism

Cover Image Source - Digitally remastered by the author Steemit was sold to Chinese entrepreneur and Tron founder Justin Sun a few days ago. Steemit was launched in 2016 and it was the first application built on the Steem blockchain. It is regarded a...

A day in crypto: Theta mainnet launch, steem money heist and Satoshi…

20 May 2020 4 minute read 5 comments Dzoelx

Alright guys, I guess we moved too fast to the end of today, was a long day to be honest, should be one of the longest ever in the cryptosphere, I think we had a 72 hours day, for real it should be more. Counting my days in the cryptosphere, tod...

"What Ned Sold", What Justin Actually Bought, and What's The Possible Outcome of the Current Steem/Steemit Painful Situation

4 Mar 2020 6 minute read 16 comments acesontop

I just finished a few minutes ago listening to the conference between Justin Sun, some guy Roy Liu who seems to be some sort of his right hand, and a few Steem witnesses, large investors and developers, and finally understood what the whole Steem sag...

Steem:Hive - 2:1 Ratio - This is like spitting up.

9 Apr 2020 2 minute read 6 comments Juan Molina

    In the eyes of any newbie this would be irrefutable proof that Steem is still the dominant Blockchain and that Hive was only a cheap copy. Many unbelievers who only came to just because they saw its initial price of 0.30 usd and becaus...

How to Send Splinterlands Packs & Cards

8 Feb 2020 2 minute read 3 comments egamersio

Today we announced the winners of our latest Splinterlands Giveaway, we are about to send the prizes to the winners and it’s the perfect opportunity to write a guide on how to send your Splinterlands packs & cards to a friend, or another account of y...

Hive vs Steem | Which is better? | Market Analysis

14 May 2020 1 minute read 4 comments Hooked2TheChain

Here is an analysis of the relative difference in price movement, volume and market caps of Hive and Steem. Check out my video analyzing the two below: I'm a big fan of Publish0x as you might have guessed from my "Publish vs Steemit" article from a...

Justin Sun: Business Genius.

23 Mar 2020 2 minute read 13 comments niallon11

Now I know what your thinking. "Justin Sun". That crazy ego maniacal bastard that broke STEEM. How can he be a business genius? When we first heard that he had bought I would say that the majority of us were cautiously optimistic. I mean...