CoinGecko is proud to publish the Steem 2018 Report

in #coingecko5 years ago

We have published an 11-page report focused on the Steem Blockchain and ecosystem. This report marks the first ever project-specific report researched and published by This report serves as a primer for users outside of the Steem community to quickly understand at least some aspect of the nuances within Steem. We recommend Steemians to use this report with their own commentary as they share with their friends.

We would like to thank and @Steemsql for providing the data that is presented in this report.

We have made the PDF report available for free at

What is Steem

We have read numerous explanation articles written by Steemians on the Steem blockchain. While the articles serve well as in-depth research material, we want to tailor this report to the wider audiences who can understand the content in a single glance.

Steem is a blockchain designed to reward users for creation, curation, and engagement of contents - a backbone for a new paradigm for social media.

As Steem is built from the Chainbase (a successor to Graphene) database, it allows high throughput and fast transactions possible on the blockchain. Steem’s Delegated Proof of Stake consensus algorithm also means that blocks can be signed near instantaneously by elected Witness Nodes. Unlike most other blockchains that require mining fees to function, Steem’s Resource Credit allocation makes for feeless transactions.

Rewards Mechanism

Over the past two years since listing Steem on, we have received numerous enquiries and confusion on the token mechanism of Steem. We’re proud to finally present this report to quickly summarize the differences between the 3 types of tokens currently in existence on the blockchain.

Account Statistics

We wanted to highlight the high percentage of active wallets in contrast to other blockchains - even compared to EOS.

This is in spite of the current entry barrier faced by many prospective users wanting to join the platform. We are hopeful that further improvements and streamlining of the signup process will bring in the next wave of user signups and propel Steem’s active userbase.

Scalability and Usability

Steem’s sheer transaction throughput is impressive for a blockchain, once more highlighting the performance potential of Chainbase. Another value proposition of the Steem Blockchain is the ability for users to create their own human-readable username as their Steem Wallet Address.

Free to Share

This report is available for public sharing and access for all. Feel free to share and quote our report in your tweets, articles, and blog posts. We hope this report serves a valuable resource for users organizing Steem meetups or simply sharing their passion for the platform.

We have also uploaded the report to Slideshare, which you can share easily via mainstream social media outside of the Steem Community.

Send us your Feedback!

We appreciate all comments and suggestions for our future reports on the Steem blockchain. As this is the first ever blockchain specific report we have published, we want to know more about what you want to see include or what can be improved.

Tell us in the comments what other statistics or facts you want us to include in our next report. And tell us how you can see yourself using this Report as you spread the awareness of the Steem as a social media Blockchain.


Very detailed 👏👏👏 And let’s Steem it together 🙌🙌🙌

Posted using Partiko iOS

Great presentation and interesting statistics. Makes Steem understandable to normies.

Posted using Partiko iOS

Thanks for the report!! It is indeed easy to understand and I actually read it all, which I rarely do when it comes to crypto report 😂

This is a great and well broken down report. It really highlights a lot of the advantages that we have over other blockchains and does so in such a way that it's easy to understand and consume.

I'm delighted to see how much time and interest you have been putting into STEEM over the past months and it can only be a good thing for our future to let people see what we have here. Combined with the other work that is going on right now to push onboarding and marketing I hope to see a lot of positive results this year.

Thanks for the effort and I'll be sharing this as widely as possible.

Posted using Partiko Android

you da bomb gecko ...

Very nice report!
I especially like the graphics and the clear structure.
As you already mentioned, there are many posts written by users about the functionality on steemit - but what we lack is a clear, easy to understand, visual explanation. Especially for new users who might be overwhelmed by all the different aspects of the steemit ecosystem.
Thanks for creating this nice explanatory post, I'll be sure to share it!

Seeing this report you can only feel optimism about the future of steem. Thanks for all the effort you put into this

Impressive report that can surely assist getting the name of Steem outside the ecosystem! I remember when we did an investor blitz on social media and this would be great information to share. I am sharing this on Twitter for sure! Thanks for all the efforts!

Posted using Partiko iOS

Thanks for blasting it out on your Twitter!

Wow. This one looks very cool. Thanks for sharing ✌

Posted using Partiko Android

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