Important step: Steem Blockchain reaches 1 million accounts

Steem, a blockchain rewards platform that allows content publishers to monetize their work, announced today that the project has reached one million registered accounts. An update to Steemit's official blog confirms the millionth record on the blockchain, and displays even more impressive statistics on transactions, user activity, and unique visitors.

Steem explodes in popularity. The blogging and social media platform steemit.com attracts not only a large number of visitors, but also other DApps (decentralized applications) that use the Steem blockchain, such as dtube, busy and dlive.

The story of Steem
As CCN reported in 2016, Steemit is a social media platform that encourages the production of quality content and discussions with a voting system. The votes result in Steem and Steem Dollars (SBD) tokens, which can be redeemed for real money or other digital assets. The Steemit platform acts as an alternative way to generate revenue for content publishers who usually have to rely on annoying advertisements or paywalls. Steem also says that it helps publishers who are frustrated with:

Tips and donations are not sustainable due to micro-payment processing fees
Huge social networks like Facebook take profits from publishers, but do not share revenue
However, the project has long struggled with robots and malicious players trying to play the voting system, as the popular user @kevinwong writes. Still, the numbers speak for themselves, since Steemit had only 2,000 active users in 2016. In addition, according to the project website, it has already paid $ 40,154,371 in awards since June 2016.

Stick to a basic mission
As the blockchain industry has grown, many projects have criticized the lack of direction, the resolution of problems that do not need to be solved or that are already solved by other solutions.

Steem's main mission of rewarding publishers with an open blockchain remained consistent, which is one of the components of its success. It has attracted developers' interest in open technologies, interoperable architecture and solid documentation. This has led to an explosion of content-based DApps that interact with the blockchain, often in a unique and unique way. When the content publishing industry lacks ideas for monetizing content and attracting consumer attention, Steem offers an interesting perspective.

Ned Scott recently reaffirmed these ideals in a panel at the 2018 Consensus Conference. "For me, it's about building networks and empowering people," he said. In the panel, he delves deeper into how Steem's cryptocurrency relies on ideas to show the influence of users who were already established by platforms like Reddit and Digg.