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.


ULog#34: Moving On

3 Sep 2019 2 minute read Leonis $0.02 tipped

I felt like I took a nap and it was September all the sudden. It's somewhat crazy to think we have entered Q4 of the year. Moving forward, things are looking even more up compared to earlier in the year.   In Life            Better scheduling from th...

The day of my life...

3 Sep 2019 3 minute read Wakeupkitty $0.08 tipped

Yesterday was the day. School started again out of bed at 6 am. We made it. Hard to believe after a summer our days started at 11 am or even later. I took the youngest to school first (30 minute drive). We forgot to buy schoolstuff so I gave her some...

Steemit Is Back Online But…

2 Sep 2019 1 minute read ketcom $0.14 tipped

A lot of members of the Steem blockchain were relieved when they got the twitter notice from the management which says   “The Steem Blockchain is operational but we are performing maintenance on our public API that is affecting some applications, inc...

RIP STEEM CHAIN. 2016-2019

2 Sep 2019 1 minute read liquid-mike $0.09 tipped

The Steem Chain Is Down. It's been down for almost a day. Here's why people should be worried and its not just a bug from oversight.  First of all there was a lack of testing for HF21. A lot of people reacted negatively to this news. In fact, peopl...

Steemit Downtime

2 Sep 2019 1 minute read gduran $0.02 tipped

![](https://cdn.steemitimages.com/DQmTNGQ5mRXNhJXUwCbi1xJmHYmpFXnQCdbAL4aqnseroRz/image.png) Steemit and a lot of other apps on the Steem blockchain have been down for well over 24 hours now and even though Steemit Inc has been Tweeting one or two ti...

Make your cryptocurrency work for you.

2 Sep 2019 4 minute read niallon11 $0.15 tipped

  A lot of people that I know have crypto holdings. They hold it because they think it will rise in value at some stage.   And maybe it will.   However, a lot of the altcoins will die away and have died away over this extended bear run. Most were ov...

Steemit Experiencing Issues After Hardfork 21 And 22

2 Sep 2019 2 minute read ketcom $0.25 tipped

If you are a member of the Steem Blockchain you must have discovered there have been issues with the platform since yesterday (about 13 hours to 14 hour from when this post was published). Members have not been unable to post, make comment or carry o...

Can You Really Make money Writing on These Platforms?

2 Sep 2019 2 minute read gduran $0.23 tipped

I started hearing about crypto around 2013 mainly Bitcoin, now I was never able to put in any money mainly because the only way that I could do that was with a credit card and I gave up on those about ten years ago because I was getting more and more...

Steem Hardfork 21 and 22 Updates Overview and Thoughts

31 Aug 2019 3 minute read CosmicCitadel $0.22 tipped

This is another episode of the Cosmic Crypto Explorer Podcast where I go over the main two updates of the Steem Blockchain Hardfork 21 (HF21) and briefly mention HF22.  I also give my thoughts on these two updates.  If you'd like to read a transcript...

Journey Into the Apocalypse Chapter I: Hysteria

29 Aug 2019 2 minute read Leonis $0.02 tipped

I woke up yesterday, ready for the pending doom predicted by many people on the chain. I heard wailing, screaming, and gnashing of teeth. Well, only certain parts of the dystopia we call Steem.   Took me a while to find a picture of Raul Julia as M....