Steem social network

THE TOP 10 OF THE LARGEST MARKET CAPITALIZATION HAS RECEIVED THE ENTRY OF A NEW MEMBER: STEEM. ITS MAIN PROPOSAL IS A SOCIAL NETWORK BASED ON A BLOCKCHAIN PLATFORM THAT ALLOWS USERS TO CREATE, EVALUATE AND SHARE CONTENT WHILE RECEIVING PROFITS.

 

WITH A STAGGERING PRICE HIKE OF OVER 1,000% IN LESS THAN A WEEK, STEEM HAS PLACED HIMSELF IN THE EYES OF ALL THE CRYPTONEURISTS WHO WONDER WHAT MAKES THIS OPTION SO GOOD AGAINST THE REST. PRECISELY IN CRIPTONOTICIAS WE HAVE MADE AN EVALUATION WITH THE INTENTION OF HIGHLIGHTING THE CHARACTERISTICS OF THIS CRIPTOMONEDA AND THUS BETTER UNDERSTAND THE REASON FOR THE EXTRAORDINARY GROWTH.

MUCH MORE THAN A SOCIAL NETWORK

SEVERAL ATTEMPTS HAVE BEEN MADE TO MONETIZE SOCIAL NETWORKS WITH CRYPTOCURRENCY, TAKING ADVANTAGE OF THE ADVANTAGES OF DECENTRALIZED TECHNOLOGIES TO CREATE ECONOMIC ECOSYSTEMS WHERE THE TRANSFER OF VALUE IS DIRECTLY BETWEEN USERS WHO CREATE AND CONSUME CONTENT, WITHOUT THE NEED FOR SURPLUS INTERMEDIARIES OR SPECULATIVE ECONOMIC SCHEMES.

WITH A VOTING SYSTEM AND REPUTATION SIMILAR TO THAT OF THE REDDIT PLATFORM, IN THE SOCIAL NETWORK STEEMIT.COM USERS BENEFIT BY CREATING RELEVANT CONTENT THAT IS EVALUATED POSITIVELY BY THE REST OF THE USERS, INCREASING THE QUALITY AND QUANTITY OF CONTENT THAT CIRCULATES IN THIS PLATFORM. IN ADDITION TO PUBLISHING CONTENT, USERS ALSO GAIN CRYPTONESES WHEN EVALUATING THE PUBLICATIONS OF OTHERS; THIS PROMOTES THE DYNAMISM OF THE NETWORK WITH THE CONSTANT ECONOMIC INCENTIVE.

STEEMIT REWARDS USERS WITH STEEM THAT CAN EASILY BE EXCHANGED FOR STEEM POWER (SP) AND STEEM DOLLARS (SBD, WHICH HAVE DISTINCTIVE FEATURES THAT ADD ADVANTAGES TO EACH TO BE USED IN VARIOUS PURPOSES INSIDE AND OUTSIDE THE PLATFORM; SUCH AS CIRCULATION OF COINS IN THE SOCIAL NETWORK, MINING OF CRYPTOCURRENCY, PROTECTION OF VALUE AND EXCHANGE BY FIDUCIARY CURRENCIES.

IN ADDITION TO THIS, STEEMIT REGISTERS IN ITS BLOCKCHAIN ALL THE PUBLICATIONS OF THE USERS IN THE SOCIAL NETWORK, ADDING A LAYER OF TRUST AND EXTRA TRANSPARENCY WHERE THE DECENTRALIZED REGISTRY IS HARNESSED IN THE BEST WAY.

HOW TO BENEFIT FROM STEEM?

WHILE THE MAIN INCENTIVE OF THE NETWORK IS THE CREATION AND EVALUATION OF CONTENT, IT IS ALSO POSSIBLE TO BENEFIT WHEN PRACTICING STEEM MINING WITH THE PROOF-OF-WORK ALGORITHM THAT REQUIRES THE MAINTENANCE OF A COMPLETE NODE TO CONTRIBUTE TO THE DEVELOPMENT OF THE NETWORK .

ANOTHER WAY IS BY HOLDING LONG-TERM COINS. STEEM IS THE CRYPTONONEDA OF THE SOCIAL NETWORK TO CARRY OUT TRANSACTIONS AND VOTES IN THE CONTENTS THAT HAVE BEEN SHARED IN THE NETWORK. BY KEEPING COINS FOR A YEAR OR MORE, USERS RECEIVE PERIODIC PROFITS THAT INCENTIVATE AND PROTECT THEIR CAPITAL IN CASES OF LOSS OF VALUE.

SIMILARLY, BY STORING LONG-TERM STEEM POWER, USERS CAN INCREASE THEIR POWER IN THE COMMUNITY AS THESE COINS FUNCTION AS POINTS OF INFLUENCE ON THE NETWORK. FOR THE LOVERS OF THE PURCHASE AND SALE IN THE EXCHANGE HOUSES, THE CRYPTOCURRENCY OF STEEM ALREADY CAN BE QUOTED IN OPENLEDGER AS IN BITTREX.

WHY IS THE STEEM PROPOSAL HIGHLIGHTED?

SOCIAL NETWORKS ARE SPACES USED TODAY THAT CONCENTRATE LARGE NUMBERS OF PEOPLE ACROSS THE PLANET WHO SPEND SEVERAL MINUTES DAILY TO THEM. AN OPPORTUNITY THAT COMPANIES, ADVERTISERS AND SERVICES IN GENERAL HAVE TAKEN GREAT ADVANTAGE OF TAKING ADVANTAGE OF THE CONTENT GENERATED THERE BY ITS USERS.

THE STEEMIT PLATFORM ELIMINATES INTERMEDIARIES AND THIRD PARTIES WHO TAKE PROFITS FROM CONTENT ON NETWORKS, LEAVING CREATORS WITH A SMALL SLICE OF CAPITALIZATION PRODUCED OR, IN MOST CASES, EMPTY-HANDED. THIS IS WHERE STEEMIT'S PROPOSAL COMES TO OFFER AN ECOSYSTEM WHERE THE TRANSFER OF VALUE IS BETWEEN THE CREATORS AND CONSUMERS OF THE CONTENT.

BY USING BLOCKCHAIN TECHNOLOGY TO ESTABLISH A PEER-TO-PEER NETWORK THAT IS SECURE FROM EXTERNAL ATTACKS AND RELIABLE FOR USERS, THE COMMUNITY FINDS ANOTHER REASON TO SHARE ITS CONTENT IN THIS SOCIAL NETWORK, IN ADDITION TO THE MONETARY INCENTIVES PREVIOUSLY MENTIONED.

IN ITS WHITE PAPER, THE CREATIVE TEAM OF STEEM PRESENTS ITS IDEOLOGY OF A DECENTRALIZED NETWORK AND CONTROLLED BY THE USERS THAT MAKE IT ALIVE, ADDING TECHNICAL IMPROVEMENTS THAT OTHER SIMILAR PLATFORMS COULD NOT TAKE ADVANTAGE OF AND USING FEATURES TO SOLVE PROBLEMS THAT WERE ALSO IDENTIFIED IN OTHER SOCIAL NETWORKS.

OTHER STRIKING DETAILS ARE THE ELIMINATION OF FEES OR COMMISSIONS FOR TRANSFERS, WHICH MENTION THAT COMMISSIONS CAUSE LONG-TERM CONCENTRATION OF PROCESSING RESOURCES THAT IS NOT NECESSARILY USEFUL FOR THE PURPOSE OF THE PLATFORM.

THE FUTURE ROUTE SHEET

THE LAUNCH OF THE PLATFORM WAS A SUCCESS, AND AFTER LAUNCHING ON JULY 4 THE FINAL VERSION OF THE PLATFORM STEEMIT.COM ALONG WITH 5 MILLION STEEM COINS TO THE COMMUNITY, THE PLATFORM TOOK OFF NOTICEABLY TO ENTER THE LIST OF THE 10 MOST CAPITALIZED CRYPTOCURRENCY.

AS CAN BE READ ON ITS WEBSITE, THE ROADMAP SEEKS THE MATURITY OF THE PROTOCOL AND NETWORK CODE, THE DEVELOPERS TEAM IS LOOKING TO ADD THE INTERPLANETARY FILE SYSTEM (IPFS) SYSTEM TO ENSURE DATA STORAGE OF THE ENTIRE NETWORK IN A MORE SECURE AND STABLE WAY.

IT IS ALSO PLANNED TO INTEGRATE PRIVATE MESSAGING WITH P2P TECHNOLOGY, AS WELL AS CONFIDENTIAL MONETARY TRANSACTIONS THAT ALLOW GREATER PRIVACY AND ANONYMITY OF USERS.

WITH ALL THESE FEATURES TO COME, AND THE ADVANTAGES OF USING THIS PLATFORM, THERE IS NO DOUBT THAT THE SUDDEN RISE OF STEEM HAS NOT BEEN BY SIMPLE LUCK OR FASHION. AND THAT ACCORDING TO THE WORK CARRIED OUT BY ITS TEAM OF DEVELOPERS IN THE FUTURE, IT WILL BE POSSIBLE TO CONSOLIDATE THE PROPOSAL OF THIS CRYPTOCURRENCY WITH ITS USERS AND WITH THE REST OF THE COMMUNITY.