Why is Steem Better for a UBI
People who are invested in the cryptocurrency space, understand that there is an underlying logic with any of the coins. The first cryptocurrency, Bitcoin, works on the principle of Proof of Work (POW). In order for a coin to be generated, a series of computers (miners) compete to complete a mathematical puzzle, with the winner getting the coin. Other coins work on the principle of Proof of Stake (POS) where one is rewarded by holding the coin. If you think of putting money into a savings account, it has similar properties. Ethereum will be switching to a POS system this year (2021). Steem is an extension of a POS. It is a Delegated Proof of Stake (DPoS) where the network is maintained by Witnesses. It has no transaction fees so micropayments are a viable option.