Crypto Academy Week 7 Homework Post for [@besticofinder]
Hi, dear Professor @besticofinder, I attend your lecture today and Now I am going to writing.
STEEM
Like all altcoins, investing in Steem is very risky. However, Steem is a token that has huge potential because its core platform is still the market leader in the popular new market area, and the new market area could see demand growth in the future.
When you post on the Steem platform, you will be promoted to support customers through users on the platform or through the reward pool developed by the Steem blockchain team itself, depending on how you maximize the scope or rewards for the author, SBD.
Understanding More
Steem Power(SP Outline) is an indicator that measures the influence of users on the Steam network. They have had a huge impact on the value of many articles and comments from Steem Power users.
Steemdollar(also known as SteemBacked dollar or SBD) is a token worth about 1$, which is more stable in value than Steem (see Steam Tokens). Technically speaking, the steem dollar must fulfill its promise to redeem the value of one dollar.
MINIMIZING FRAUDULENT FEEDS ON THE STEEMIT PLATFORM
Minimize fake news and choose SP holders known as witnesses to post price posts. People who are particularly interested in feed quality can be selected as witnesses. By paying selected persons, Stem entered the market competition and obtained the right to develop feed.
DISTRIBUTION OF STEEM TOKEN
Steemit is a blockchain-based blog and social media website that rewards its users by using STEEM to publish and manage content to reward its users. ERC-20 token.
Team
Steemit is a blockchain-based blog and social media website that rewards its users on January 22, 2019, Seemit announced a structural adjustment to its leadership team. Former CEO Ned Scott (Ned Scott) has been appointed as executive chairman,...
Users: 1,238,717 registered users
Registration: Free
Release time: March 24, 2016
MARKET BREAK DOWN OF STEEM
MARKET CAP : $264,621,802
VOLUME : $26,184,097
DILUTED MARKET CAP : $301476902
CIRCULATING SUPPLY : 372,647,125 STEEM
TOTAL SUPPLY : 389,621,219
TRANSACTION COUNT: 529.285 per minute
Hive
The High Coin Project is a blockchain-based platform designed to provide consumers with fast and cost-effective liquidity. The business model revolves around factoring, that is, factoring or purchasing random receipts, and then responsible for purchasing currency.
Basically, resource credit is as difficult as establishing a true reputation. I spent some good time on DTube and Steemit, but when I heard about resource credibility and Move to the Hive platform.
HOW DOES THE HIVE ECOSYSTEM WORK
Hive is a currency, and Hive Blog is a platform for earning this currency. It is a liquid currency that can be traded, consumed, and transferred. Like Bitcoin, it can be safely stored in a wallet and can be exchanged for other cryptocurrencies, such as Bitcoin or Ethereum.
MARKET BREAKDOWN OF HIVE
MARKET CAP : $206,545,082
VOLUME : $22,545,308
DILUTED MARKET CAP: $207,366,213
TOTAL SUPPLY : 394,621,653
CIRCULATING SUPPLY : 394,621,653 HIVE
TRANSACTION COUNT : 519.88/ mint
CONCLUSION
Steem is just a cryptocurrency. Stem is now used to promote a central social platform, while Hive is a virtualized social platform that rewards content creators through Hive's encryption method.
Hello @amjadsharif ,
Thank you for submitting homework task 7 ! You have done a comparison between hive and steem with a fundamental analysis ! clear facts and was a good read [6]
Thank you
Thanks for your feedback
STEEM is not an ERC20 token !
Respected @steemcurator02, my post is reaching payout but it has not yet been curated. Please upvote before payout. Thanks
https://steemit.com/hive-108451/@mawattoo8/crypto-academy-week-7-homework-post-for-sapwood