You are viewing a single comment's thread from:

RE: The Past We Had Internet, Now We Have Steem

in #steem6 years ago

Dear @crypto.piotr

First of all you need to remember one thing very clearly (as far as I can understand), just as @ned has said:


Steemit Inc and the Steem Blockchain are two different elements, but they are related to each other.


The Steem blockchain, like other crypto currency blockchain, requires machines and physical things to maintain the transparent ledger (if you know how to extract it) : example: the wallet.

Whereas the Steemit Inc is the platform that gives the opportunity to generate (mine) the crypto of Steem and SBD, in their % calculation in all the programming codes and algorithm.

How it is generated is by the proof of Brains , the behaviour of humans in the social network.

However, after it is generated, as long as there is a way to access to how it is kept, you can still do transactions, provided you have the authorised private keys to do so.

However that being said, with the Rocks database being implemented, the data platform is now centralised but the Steem blockchain is still decentralised where all the witnesses are maintaining that ledger online that everyone so dependent their dear life with.

I hope this gives you an idea how I understands it. haha.

Sort:  

Hi @dses

Thank you for amazing comment.

I agree that we need to separate STEEM and Steemit Inc. But at the same time we cannot separate Ned into 2 different people.

After all it's still one and same person being in charge of those 2 projects, which are kind of 2 different elements but not really. It's like saying that 'bitcoin' and 'blockchain' are two different elements. Indeed they are. But are so heavily connected that separating it is very difficult.

I hope this gives you an idea how I understands it. haha.

It does. I appreciate it a lot.

Yours
Piotr

Probably that is why if Steemit truly sunsets and let the dapps blossom and strive towards perfection, then he can focus on supporting and improving just the blockchain itself.

Posted using Partiko Android

Thanks for your kind comment @dses

Coin Marketplace

STEEM 0.18
TRX 0.14
JST 0.030
BTC 58639.60
ETH 3167.30
USDT 1.00
SBD 2.43