Ten Reasons I think Steemit is one of the best blockchain!
I read a great article by shortsegments about the Steem Blockchain and I think these are ten fabulous reasons to love the Steemit Blockchain so I recreated them here with attribution to @shortsegments
Ten Good Reasons to be impressed by the Steem Blockchain:
- Steem features zero free transactions
- Steem features 3 second transaction times
- Steem uses easy to remember wallet names to transfer funds to individuals
- The Steemit social media application has over one million registered users
- Steemit social medial application has over 200 “Dapps”
- Steem blockchain has the record for the most transactions in one day, at 500,000. That’s more then Ethereum, Bitcoin or Litecoin.
- The Steem blockchain is currently using less than 0.5% of its capacity, and so it has masses of room for scalability to support applications which might require high volumes of transactions.
- The Steem blockchain offers a decentralized token exchange, similar to the Bitshares exchange.
- The Steem blockchain has a history of one persistent chain as a result of clear and specific rules for how a change in protocol occurs. It is unlikely to result in a fork like Ethereum or Bitcoin where multiple chains result as a fork, and therefore provides a certain amount of stability.
- Steem is in the top 50 crytocurrencies by market capitalization.
It’s a great article and it gives me great faith in the Steem Blockchain.
Nice post!
Thanks for the compliment.
Great post