Crypto Academy Week 7 - Homework Post for @besticofinder
Hello Steemians on Steemit, & professor @besticofinder
STEEM Is a token that exist in a liquid currency and it is the fundamental of the steem blockchain, it was created in 2016 to power the project on it blockchain steemit a social blogging platform.
Steem can be traded in many exchanges to acquire FIAT or other Tokens.
On the Steemit platform usrers are giving the opportunity to creat quality content or to write article , commenting and curating to earn the steem token.
When you post on the steemit platform you are either being upvoted by the users on the platform or by the reward pool generated by the steem blockchain team itself to support it users, depending on how you ratio your curation or author rewards you will earn steem powers, Steem Back Dollars (SBD).
The steem community also provide answers to it users questions and also offer a free payment to the user's of the community.
Steem as a cryptocurrency is operate around the us dollars.
The assets on the steem blockchain are Steem, steem power and SBD.
The scalability if steem is built on Grahene which permit over one thousand transactions per second.
Hive
Hive
Hive is a social media platform built on Decentralized Blockchain Ecosystem with the aid of Dpos
It is create with a aim of having a Social media that's Decentralized based which will be running on the Blockchain and not only that, it is built where content creator get paid and earn for the content they write or create about.
Comparing Both Hive and Steem
I will say when comparing both hive and steem Project White paper, I will say they have a lot of similarities and bonds shared together like below
(1). They are both social medias
(2). They are both created and run on the Blockchain
(3). They use the aid of Dpos for smooth running on individual platform
(4). They reward content creators on the platform for creating content
DISTRIBUTION OF STEEM TOKEN
Proof of Work This involve mining of the token , writing, commenting
one can also buy the token through any of the exchanges that support Steem
working for it is another option and this involves proof of work .
@besticofinder
@steemcurtor01
@steemcurator02
Hello @swetatiwari ,
Thank you for submitting homework task 7 ! You have done a comparison between steem and hive with a fundamental analysis. I love if you had discussed more facts comparing them.. keep it up [3.5]
Thank you