Crypto Academy Contest / S1W1 - Favorite Blockchain Network by @starrchris.

Good day to everyone lovely steemian out there as you know i am starrchris, it feel getting rewarded for advancing and sharing my knowledge.

My favorite Blockchain network, its history, and why it's your favorite.

Steem

They are so many awesome blockchain networks such as EOS, Tron, Steem, and Bitcoin but i decide to choose Steem because it was because of one of its awesome project that i came to know about crypto currency and this awesome project is what we now know as "Steemit". Another thing reason i love this Steem blockchain is that its official coin "Steem" has very high chances of becoming one of the greatest coins known in the crypto world because it had once had that honor and glory, until the was change in governance. This new governance had made those rebellious Whales leave the platform which caused the price to drop drastically but things are changing, the price is now growing back to something really huge.

Before I continue I want talk about Blockchain. The first man to ever create a Blockchain is a Jewish man that grew up in Los Angeles , his name is "David Lee Chaum". David is computer scientist is a computer scientist made the Blockchain network come to a life in the year 1982. I respect this man because he is the main reason we are all here. He's also the reason steemit team are now making more money than the had, he is the one that increase all of us source of income, he's is also the reason #steemcurator01 was employed 🤭😜 to give us mouth watering vote like he will do when he sees this post. Although David didn't create a decentralized Blockchain he created the centralized Blockchain, after so many years later some group of scientist know "Satoshi Nakamoto" in 2008 created the first decentralized Blockchain.

Steem Blockchain was developed , 2014 by a software developer known as Daniel Larimer". Daniel Larimer and Ned Scotts** later discovered Steemit, to help creative authors get rewarded for their content and time. Their mission was to make our social media better community for every one. They also help most in unemployed youth find a reasonable source of income for their self and their family members.

Unlike Steem sister applications like Blurt and Hive, Steem is absolute free that is Registration is totally free, voting is also free, making post are also free making comments are also very free.

Source

It has been noted that Steem has as faster transaction processing speed of 3 second, causing it to beat Bitcoin and Ethereum as one of fastest transaction processing Blockchain.

Steem is the first crypto assert with reasonable value, that obtained by working, making friends and learning.

For the past month Steem has been the souce of income, thants my clothing, feeding and flexing money comes from steem. Of which I am grateful and indebted to. To be sincere I seems i am already addicted to steem😍.

Steem officials or team are generous, nice positive and friendly to be with. They are always ready to help when a user is in need. For example sir @justyy, @the-gorilla and #steemcurator01 has been helpful to my growth on in knowledge and steemit.

Some shortcomings and how has the network's team taken care of the problem?

Like I will always say that every success journey had a difficult history. Steem price was doing well until it got a new CEO who was Justin Sun, so many was sad at the new change. These resulted to losing of many big whales in on the Blockchain. This is one reason price drastically fell. The steemit team has been sponsoring and supporting Steem promotion activities around the world.

Also report has it the best project built on Steem, which known as steemit was hacked and the hackers did stole that the was hacked. On July-14-2016 some black hat hacked hacked more than 250 steemit users account and stole the large a large sum of $85,000 worth Steem and SBD. Although Steemit Inventor and CEO Ned Scott said that all hacked account have been recovered and they handed back to the original Owners, he also added that all stolen funds were refunded to all affected account.

In 2018 Steem price dropped drastically and till the extended that it couldn't pay all it's working staff, so the management team had to relief most of it's staff their duties by sending them away. Steemit governance did this to reduce the financial load of the company. To increase the price of steem the steemit team has been supporting the club5050 program to encourage users to hold more or at least half of their monthly rewards. Although it's difficult to join the club, it's also to our benefits and profit when the project will causes steem price to rise.

What changes do you think would make the network better?

° Just like other Blockchain, Steem need to have more active and creative authors or curators. If the are more active users, they would be higher chance of increase on total number of steem account.

° Steem need more whales who will buy steem in very large quantity and power up their steem to Steem power, this act would help the price of steem into a more valuable and interesting amount.

° Steem has to increase their security so that the previous experience in 2016 will not happen again.

° This is a major concern, I had lose the opportunity of signing up more the 30 new users into the platform because the was much traffic on the sign up page. So please I would love steem team to address this issues as soon as possible.

° The Steem team should increase their support to steem promoters because their job is not easy, especially in community with very hash weather.

Write about a Project that is built on your favorite Blockchain.

Steemit

Off course I will be writing about Steemit , which is steem first and most used platforms. Steem has so many projects, like DTube, Utopian and my second favorite Drugwars.

Steemit is a decentralized social media that permit users to create and curate awesome content, just like we do on centralized platforms like 2go and Facebook, it's the first successful project built on Steem Blockchain. They platform was developed to reward creative authors and contents that centralized platform failed to acknowledge and assist. Steemit is an awesome platform that has made many poor family become very very rich to feed their self and their family.

In Steemit the number one thing expected from different authors is creativity, after which consistency, patient and engagement on the platform and you will become successful.

Steemit rewards it's authors by voting on their post, this votes depends on the total amount of steempower of the curators. Steemit is awesome because it supports 4 different crypto currency, which are
• Steem: Steem is is steem blockchain official coin that can be easily traded on most exchange site.
• Steem Power: This are more like your staked or frozen steem. This help traders hold their coins and improve steem own price. 1Steem Power is Equal 1Steem.
• Steem Dollar: this Is an assert that was created to be same with Dollar price.

• Tron: This is awesome and growing crypto currency, just like Steem.

The author receives 50% the votes and the Curators receive the remaining 50%. The curators share are shared as automatically and the share depends on steem power of the curators. That is a curators with larger Steem Power must collect a larger curation rewards than a curator with lower Steem Power. Voting on post can keep going on only before the 7th day.

Steemit have 21 withness whose duties are to verify and create block on the Blockchain. 20 of the were selected because they are the top 20 winners of the election while the remaining one will be chosen from the withness who didn't make it in the election.