CoinGecko is proud to publish the Steem 2018 Report

in coingecko •  2 months 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 CoinGecko.com. 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 @dapp.com and @Steemsql for providing the data that is presented in this report.

We have made the PDF report available for free at http://bit.ly/SteemReportCoinGecko2018

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 CoinGecko.com, 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.

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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

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Thanks for blasting it out on your Twitter!

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

Posted using Partiko Android

This is great... will share on Twitter also. Http://Twitter.com/offgrid (10,000 followers)

Posted using Partiko iOS

Thanks for the summary... A simple comparison that is easy to understand. 👍

Posted using Partiko Android

Great presentation and interesting statistics

Wow.. faved to read later. Is the plan to make these annual reports?

Posted using Partiko Android

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if there is a demand for it. We might consider creating a yearly report. We're still testing the waters while learning more about the community ourselves.

Wow. This looks amazing @coingecko. I love the design and it seems that a a fair amount of work has been put into this.

It will definitely help people new to STEEM better understand the mechanics. So thank you for doing this and for your presence here.

Posted using Partiko Android

There are more options for signing up now. People can pay for instant access. I'm able to claim accounts that I can give away and I'm keen to do that. I want to see far more people benefiting from what it can offer.

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It would be awesome to curate a list of ways people can get Steem accounts both paid and free. But i imagine it would need constant updating and cleaning up.

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There ought to be a list somewhere. I can't find one on this wiki. The Steemit sign-up page has several paid options. If you find a comprehensive list then please let me know.

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Was about to say the same to you hahaha. It's a challenge to maintain one and market it enough to get people to refer to it on top of their heads.

Thank you very much. Now answer the question. What is STEEM - has become much easier, all thanks to your leadership.

Awesome, I was going to mention including the dapps in your report, but after clicking on the report link see that they were included.

I think this is a great general breakdown of Steem/Steemit for the non crypto or Steem user.

Looking forward to next years report and love seeing that 44% of accounts on Steem are active Dapp users, which is much higher than EOS. Would love to see this spur some growth of Dapp creators here on the Steem blockchain.

We need more things like this. Steem deserves more attention from the rest of the world

Posted using Partiko Android

Great stuff. Resteemed.

this is really a very good report that is easy to understand with your report

really nice!

Posted using Partiko iOS

Amazing i love the simple pictures you listed i will need it to show the world what Steem is all about and grow this community to new levels.

Posted using Partiko Android

Thank you for loading a very interesting article for us to read. You have provided an understanding of the Steem blockchain designed to reward users for creation, curation, and contribution content - the backbone of the new paradigm for social media. Because it is built from the Chainbase database (the successor to Graphene), this enables high throughput and transactions fast as possible on the blockchain.

Monsieur est un très bon message que vous avez très bien exprimé. Merci pour le partage.Passe une bonne journée

Posted using Partiko Android

Your effort is commendable. You have shared a very good report with all of us. We will also resteem this on our blog, and will follow you on Twitter. Thank you.

Posted using Partiko Android

Thanks for taking the time to put this together.

Awesome job @ coingecko we really appreciate your good work towards the Steem community. Your Steem report looks very userfriendly...perfect for Newcomers, thank you!

Posted using Partiko Android

I am happy that the Steem community has @coingecko as an ally, and promoter of the blockchain and cryptocurrency space 😊

I have a small FB group for Steem based in the city I reside, and will share it there, and on other Steem-based groups if I like what I read 😊

Great job thanks for sharing steem update report I appreciate your job.

Posted using Partiko Android

Great work guys, will download it as soon as I get home. Thanks for the update 👍

Great work!

Good work!

Congratulations @coingecko! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You made more than 700 upvotes. Your next target is to reach 800 upvotes.

Click here to view your Board
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Support SteemitBoard's project! Vote for its witness and get one more award!

Wow, this looks wonderful!

I remember when I first started using Steem, I had absolutely no clue what I was doing; in hindsight, something like this would've been so useful to a use as a point of reference.

Looking forward to the next report :)

thanks for sharing such a great article

This is kewl!

Very nice! Thank you for creating this report. =)

Coingecko Thanks for sharing your report 2018.

Posted using Partiko Android

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Very nice! This is great info!

Posted using Partiko iOS

For a corrupt network these statistics are really something!

Looks great. 👍

This post has been included in the latest edition of SoS Daily News - a digest of all you need to know about the State of Steem.



Congratulations @coingecko!
Your post was mentioned in the Steem Hit Parade in the following category:

  • Pending payout - Ranked 10 with $ 71,58

Great effort on the report it will be very helpful :)

Posted using Partiko Android

75% of inflation goes to reward creators and curators, 10% goes to witness, and 15% goes to sp holders.

Holders of sp can influence up to 90% of the inflation of their coins.
They can keep it for themselves by self voting, or they can help make steem attractive by dispersing it widely.

So, your graphic omits important data?

This will be great for the historical archives.

prices are down 😱

Posted using Partiko Android

Great, thanks for the report @coingecko

Steemit's logo changed over 1 year ago and it really should be represented accurately. The old logo is my personal favorite but is not being used at all on the Steemit platform for brand recognition so the new logo should be used.