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.


Steem robbed 23 MILLION STEEM from user accounts, but here's the twist

20 May 2020 1 minute read 0 comments favicon

First of all, the theft happened on the blockchain. However, Justin Sun being the tech degenerate he is, must've trusted the creation of the steem account community321 (the account set to receive the stolen funds) to someone else.And that someon...

A White Knight saves the day as he protects the stolen funds from ex-Steem Witnesses.

20 May 2020 1 minute read 6 comments Crypto_Lemon

  As many of you know, HF 23 was supposed to happen today on Steem and was highly contentious. It was supposed to take the 23.6M steem from 64 users, and to send them to @community321.   But checking the current tx IDs, it seems that a White Hat ac...

STEEM Freezes Another $5 Million in Hive Users' Funds

20 May 2020 1 minute read 2 comments Abhi K

Tron-owned Steem (STEEM) network has frozen another $5 million in funds linked to users of the HIVE network, with a hard fork implementing these changes to be executed on May 20. Network witnesses - which validate the Steem network - are expected to...

Steem (STEEM) Price Prediction 2020 - $0.75 Possible? Or Are We Headed To $0?

20 May 2020 11 minute read 13 comments CryptoChartWizard91

Today will be a different type of price prediction for you guys. This is largely due to the fact that there is a great exodus occurring within the community of the project that I am about to discuss which means that the prediction in this article cou...

Steemit plans to seize more than 23.6 million STEEM dissident users in a hard fork this Wednesday.

20 May 2020 1 minute read 0 comments PassionCryptodotcom

Steemit plans to seize more than 23.6 million STEEM dissident users in a hard fork this Wednesday. Key points to remember Steem witnesses will seize the assets and accounts of several users who do not agree with the purchase of the blockchain by TRO...

Excuse Me, What the Hell is Going on with Steemit?

20 May 2020 1 minute read 0 comments LeftAntiPC

I took off for a little while and now it is like the whole site is about to collapse! I knew Justin Sun took over, but I am still trying to figure out what this upcoming hardfork means, what Hive is, and how I pick a side (not that I matter much, in...

New steem witnesses confirmed seized the tokens worth $5 million USD from users.

20 May 2020 2 minute read 1 comment Kavi

Decentralisation of blockchain is something, you can not take your own decision  but recently if we go through steem and hive blockchain then we realise that nothing is impossible in the world .  steemit new owner Justin Sun is well experienced busin...

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...

Steem hardfork 23? how realistic is it?

19 May 2020 1 minute read 2 comments Kavi

    Steem blockchain is going through another hardfork as per social media steemit and hive.io . This news is not officially announced by steemit owner and founder of Tron blockchain Justinsun but if you go through #steem on twitter then you will re...

THE STRANGE YOUTUBE GHOST VIDEOS! FALSE OR TRUE ?

17 May 2020 1 minute read 0 comments 7espectro

                Do you believe in those ghost videos on YouTube?I'm posting some here to review!Everyone heard some strange noise when they went to sleep, even if they didn't believe these videos!                                 Ghosts Spirits and De...