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.

Creator Corner With Kenn Bosak

1 day ago 1 minute read 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...

Steemit is Purchased by Tron's Justin Sun - Good News and Anxiety in the Community

15 hours ago 3 minute read Wstanley224

Steemit is Purchased by Tron's Justin Sun - Good News and Anxiety in the Community Steemit was purchased by Justin Sun, the charismatic leader of the Tron Foundation, and the outspoken face of the 11th largest cryptocurrency. The news was announced o...

Steemit finally catching up to Steampeak

12 hours ago 1 minute read AirI'am

In the past 72 hours many changes have been implemented on the site, making the new chapter of Steemit more real than ever. Fret not, for these are nothing we don’t deserve, just updates that were long time due: It’s hilariously sad, how the Steemit...

"Steemit 2.0" - Another Shaky Step Forward

20 hours ago 4 minute read acesontop

The fact that Steemit has gone through an update last night, might not be a surprise any longer for most of you that are users of the platform, but it surely was one for me this morning. When I opened my laptop and entered the site I had the feeling...

Writing for the love of writing.

19 hours ago 3 minute read niallon11

If you are anything like me then you have a head swirling full of thoughts. Good, bad, sometimes genius, sometimes ridiculous but always a constant narrative going on behind the scenes. I've often been told that I am very closed off and few people ge...

STEEMIT Adventures Episode 1: The Onboarding

3 days ago 3 minute read SkinnerCrypto

This series of posts is gonna be a bit different from my other posts, because you're walking with me as I do this. Literally. Most of this writing is being done around the time I undertake this adventure. You're reading the field notes. You're seeing...

I Read The STEEM Whitepaper. Here's What I Discovered.

4 days ago 6 minute read SkinnerCrypto

Ah, Steem. More Specifically, Steemit. I have heard of it on and off again as I've made my way through CryptoLand, but I never actually gave it much thought. There's a lot of buzz on it, and I try to avoid the buzz as much as possible. Just another s...

Justin Sun Buys Steemit

5 days ago 1 minute read 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...

My STEEM Story

23 hours ago 3 minute read blueeyes8960

MY STEEM STORY A Power House Creatives Initiative       Everyone has a story – and all our stories have something in common… we all started from nothing and knew nothing. People want to hear stories. They want to hear OUR stories — they want t...

Steemit: new hope or game over?

1 day ago 1 minute read AirI'am

This may be old news for the Steemit community, but just a few days ago– in San Valentine, nor less, a bombshell was dropped on the users of the first decentralized social media ever launched. We were sold. Or rather, Steemit was. It was announced vi...