I started the Steem white paper translation because I think that this project is innovative and very useful. Since there is not an italian version yet, I believe that translating the Steem white paper in Italian allows the Steem project to reach more and more Italian people since currently, the number of active italian users are approximately 1000.

I would like to underline that in translating the Steem white paper, some english words like Steem, Steem Power, vesting, feed, stakeholder, Proof of Work, CEO, mining and others will remain the same.

Furthermore, some sentences will be translated with more appropriate italian words that can give more sense to the white paper's italian version.

Translation Overview

Paragraphs translated this time include explanations about the problems that can occur with transaction fees.
For the blockchains, fees are important to solve spam problems but, on the other side, can introduce other issues.
Just to make you understand, imagine to solve the email spam problems by introducing a small fee on every email. What would happen? Of course, people would not use email.
Simply, users expect certain things to be free.
The problem related with charging transaction fees is that micropayments don’t work.
In this part of the translated white paper you can find a lot of substantial information about micropayments, fees and the changing of them.

It is also explained the difference between the full reserve and the fractional reserve.
In the first one, users are allowed to use the bandwidth only in proportion with their shares.
In the second one users are allowed to use more bandwidth than they are entitled to at any given point in time (as long as not everyone are using Internet at the same time).
To solve the problems about the congested periods, is important to set the proper fractional reserve ratio.

Languages

The original text is written in English and I translated it in Italian. I have been selected by the DaVinci team as a translator thanks to my knowledge of the English language gained during my 3 years of stay in London. You can read my application post HERE

Word Count

I translated 7 paragraphs for a total of 1106 words

Note

This is the ninth part, the eighth one can be found here

Proof of Authorship

My crowdin activity

Here you can take a look at some screenshots of the work done.