In seven ways, STEEM holds top position in the Crypto-universe! (Extended re-post)

It is seems quite astonishing that a coin ranked between 25 to 30 can record top feature in seven parameters in the Crypto-universe.

For example, BTC is the most widely known and has the largest market cap.

Ethereum is the largest smart coin by market cap.

Monero is the largest privacy coin by market cap.

The coin is STEEM that holds few extraordinary feet in the crypto-universe, but still lagged in market cap. Reasons for lagging is the matter of another post.

Today, I will the discuss seven records from ascending orders according to their merits.

1. Number of Successful and useful DApps run on STEEM blockchain is unique:

Steemit.com is the number one Decentralized Application (DApp) in the Cryptouniverse by the number of users.

As a website it ranked within top 1000 in the world frequently.

Other DApps on STEEM blockchain are DTube, Busy.org, Dsound, Dlive, Dmania, Parley, Steemhunt etc which are getting more popular day by day.

New apps are added by the entrepreneurs in every few days. No blockchain can boast so many successful DApps at this time.

Bloomberg and Forbes has recently cited Steemit as potential Facebook competitor and DTube as Youtube Competitor.

It is one of the only few blockchains that has already real, functioning and real-world products rather than hypes.

2. Transactions Per Day Record:

STEEM already holds the record of more than 2M transactions per day.

In fact, it has more transactions than next top 10 coins combined.

It shows how active and useful STEEM blockchain is already.

With upcoming hivemind and SMT, this transaction number can only increase and STEEM blockchain still capable of 10K transactions per second with theoretical 1M TPS with graphene protocol improvement.

3. Zero Fees and very fast confirmations:

STEEM only takes 3 seconds to confirm and has zero fees.

No other coin can break its record of zero free transaction with such speed.

It beats all top coins specially ETH, XMR, DASH which have exorbitant fees.

Though BTC fees has recently dropped down it still takes 10 minutes to confirm a single transaction.

STEEM is commercial level and industry scale blockchain that is already working rather than hyping to be the next big one.

4. Consistent high grade of B in Weiss Report and good coverage in Main Stream Media:

Weiss Report is one of the reputable and well-researched investing insights in Crypto-universe.

It considers STEEM on top five coins consistently for last few months along with EOS, NEO, Cardano or BTC.

All of these coins have much more high market cap than STEEM.

STEEM is recently covered positively in Forbes, Bloomberg etc major financial MSM.

5. Unique brain-of-proof:

Interestingly, STEEM can be mined by energy efficient Proof-of-Brain.

Human brain is the most energy efficient super computer in the known Universe.

A human brain performs 10^18 calculations per second (1 exaflop), while the most powerful supercomputer has just broken 10 petaflops.

Also, human brain only takes 90 watt, while these super computers take 10s of Megawatts.

Therefore, imagine how much exaflops are used worldwide by steemians to create contents to show proof-of-brain.

It is the most efficient mining algorithm in the Planet earth.

While now-a-days BTC takes power equivalent of a country to produce new coins, this gives us a thought on STEEM's uniqueness.

Moreover, there is ASIC upcoming for every algorithm of top coins. Some coins has to continuously change PoW and create HFs that leaves unnecessary chains after chains.

STEEM can do it by HF without any branching to improve its PoB protocol at anytime. There is no question of ASIC based centralization at all.

6. No purchase required to achieve STEEM and it has a Income generator:

STEEM can be earned without purchasing. It can be earned just by commenting or posting what people are already doing on other social media.

Therefore, it is one of the few coins that can be acquired without any purchase. Also ICO based coins have to purchase to have any stake even EOS.

Like other PoS coins it can be earned at 2% APR without any activity or can be delegated to bots for more profit.

Delegation is a very unique feature of STEEM blockchain that makes every STEEM POWER (SP) in work.

Delegation has made numerous STEEM business already.

7. STEEM's uniquely undervalued among top 30 coins and primed for exponential growth:

EOS has recently surpassed LTC and now ranked top five. EOS used to be ranked below STEEM couple of times.

STEEM has selling pressure from the content creators who may depends on the earning for daily expenses.

STEEM's hype or honeymoon phase is over (i.e. STEEM shot to $4 and ranked top three when launched, one can consider EOS is in hype/honeymoon phase). Most of the coins in top 30 are hyped and traded on dream. STEEM is mature and can rise only organically.

However, with upcoming easy on-boarding STEEM users can grow exponentially.

In the developing countries, few dollars make a decent earning for a day. STEEM is getting more popular in developing countries with big population such as India, Nigeria, Indonesia, Pakistan, Brazil, Bangladesh.

In future, demand for liquid STEEM will sky-rocket due to its high demand and limited supply.

Simply speaking STEEM is the only cryptocurrency made for masses. No purchase and mining tool required, just on-board to STEEM blockchain.

CONCLUSIONS:

It is very hard to make a perfect system where only best contents or proof-of-brain will be rewarded.

STEEM blockchain rewards the contributions not only the contents: investing through DPoS and selfvoting to some extent, contribution to the blockchain developments (e.g. all the DApps developments), all businesses on STEEM blockchain etc.

Steemit is still in beta and experimental. It has already shown that the concept is working.

Though its creates lots of junks but it creates lots of gems too similar to real world where top 10% work are rewarded and 90% is just mundane.

Google searches on some topics bring people to Steemit. With a news of upcoming hivemind update, STEEM shot up 50% even in the bear market as shown today.

Imagine, after hivemind and SMT release, where STEEM can go next.

If SMT can conjure up similar success of ERC20 from Ethereum, sky will be the limit.

STEEM's previous success stories show that it heydays are ahead and it has overcome its hype already and therefore, can rise organically!

Image sources: Most images are open sourced (e.g. Pixabay, Wikimedia etc.) with Creative common license. Some images are used with due courtesy to respected owners.

Thanks for reading.
@riseofth
Cryptominer since 2013, occasional trader and tech blogger