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.

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...

Steemit To BlockTrades Transaction: My First Payout In 8 Months 🤣

22 Apr 2020 1 minute read 16 comments tomoyan

Few days ago BlockTrades re-enabled STEEM support and I was not sure how long they will keep the STEEM support open so I decided to sell my STEEM for Ether for the first time! BlockTrades re-opens support for selling Steem (e.g. Steem→Hive) My first...

Creator Corner With Kenn Bosak

20 Feb 2020 1 minute read 6 comments Scott Cunningham

I recently sat down for an hour to talk with Kenn Bosak who is another popular crypto content creator. We discuss the Steemit acquisition, Steem dapps, LBRY, Flote, SoMee, EOS, Publish0x, Uptrennd, Bravocoin, censorship, NFTs, and what will happen to...

I Just Read Binance's Steem Backpedal Blogpost. Here's What I Think About It.

11 Mar 2020 4 minute read 8 comments SkinnerCrypto

So, about a decade ago, a dream was born from the mind(s) of an Individual(s); HEY! Let's have ourselves a super kick-ass Electronic Cash System that can't be controlled by monolithic central banks or other centralized entities! And the dream came tr...

Steem Vs Hive: The Results Are In

24 Mar 2020 4 minute read 8 comments Scott Cunningham

Hive launched Friday via a hard fork off the Steem blockchain. Steemit has since retracted the majority of its community support delegations and many dapps and projects have migrated to and voice support for Hive. Can Steem survive this? In this, we...

Steem witnesses are fighting to keep the Steem Blockchain intact!!

6 Mar 2020 7 minute read 3 comments Greenchic

  As part of Steem community, I appreciate all the witnesses and consensus witnesses of the Steem Blockchain that are fighting to protect and safeguard the Steem Blockchain. Generally all this is complicated for me, however, recent chaotic happening...

Discussing OpenOrchard With Andrew Levine

14 May 2020 1 minute read 5 comments Scott Cunningham

I had the opportunity to discuss OpenOrchard with Andrew Levine who is the co-founder and CEO there. You may know him from Steemit where he worked since the beginning. He’s moved on to bigger and better things and we spend some time diving into all o...

Steem, Hive and Their Collateral Victims

6 Apr 2020 4 minute read 10 comments acesontop

I guess it's close to two months since Steemit was bought by Justin Sun and most of the users reactions weren't positive at all right from the beginning. Most of you probably know that there were some discussions at the beginning between him, Ned Sc...

Steem Is Hardforking To Create Hive

20 Mar 2020 2 minute read 12 comments Scott Cunningham

The Steem blockchain is being hard forked creating a new blockchain and content network called Hive which will be like Steem but have new policies in place for decentralization. Hive will be fast, scalable, powerful, and the blockchain for Web 3.0....

Interviewing Zac Nien From Contentos

13 Feb 2020 1 minute read 1 comment Scott Cunningham

COS.TV is a content ecosystem based on Contentos. You can watch your favorite videos here, join this community with your friends, share content, and get COS reward. These are some of the questions we went over: •             Can you tell us a little...