Steemit May Become Killer App As It Looks to Draw 1 Mln Bitcoin Users Yearly

in #bitcoin8 years ago (edited)

 


The exponential rate at which Steem grows may put on fast track a solution to the scaling issue that the Bitcoin community faces.Steem is a digital currency behind Steemit, a decentralized social media platform which rewards posters and voters online. Scaling Bitcoin has become a hot button issue in the community. This is the process to increase block size from its current form in which the network can only support up to seven transactions per second to process more like Paypal achieves with about 100 transactions per second, and as Visa does with about 4,000 per second.


You can read more here
http://cointelegraph.com/news/steemit-may-become-killer-app-as-it-looks-to-draw-1-mln-bitcoin-users-yearly

All content is copyright CoinTelegraph.


Upvote if You find it interesting.

Sort:  

I am quoted in this article, ha! My article is the root they used for that article. Nice.

An this is exactly why steem is amazing!!! Go Steem go. lol Here is to 100,000 users goal:)

Coin Marketplace

STEEM 0.18
TRX 0.14
JST 0.029
BTC 57809.89
ETH 3118.43
USDT 1.00
SBD 2.37