Steem

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Steem
Steem logo.svg
symbol Steem
Publishing year 2016
founder Ned Scott, Dan Larimer
developer Steemit Inc.
Block explorer https://steemblockexplorer.com/
Blockchain Yes
Mining no ( Delegated Proof of Stake )
Website https://steem.com/

Steem is a cryptocurrency based on the same block chain , which was launched on 24 March 2016 and specializes in social media and distributed applications. With a market capitalization of approximately 155 million US dollars (as of March 12, 2019), Steem ranks 40th among the cryptocurrencies with the largest market capitalization. With more than 1.2 million accounts and a daily volume of over one million signed actions, Steem is one of the five blockchains with the highest activity worldwide. (As of March 13, 2019)

history

The Steem blockchain was founded by Ned Scott, the current president of Steemit , together with Dan Larimer , an experienced programmer in the field of cryptocurrencies. After the two met in person for the first time in January 2016, the blockchain was launched at the end of March 2016.

On March 14, 2017, Dan Larimer resigned from his role as CTO of the Steemit company and thus also ended his work on the development of Steem in order to devote himself entirely to his follow-up project, EOS .

At the end of January 2018, the cryptocurrency Steem was one of the few cryptocurrencies to achieve the good rating "B-" in a report published by the renowned American financial rating agency "Weiss Ratings". In this report, Steem was certified as having a good mix of strengths in all essential areas as well as the additional social component.

Technical

In contrast to the well-known cryptocurrencies Bitcoin and Ethereum , Steem is not based on the " Proof of Work " method , but on a technology called " Delegated Proof of Stake ", which is also used for the related cryptocurrencies EOS and Bitshares . The block production of the Steem blockchain takes place by so-called "witnesses", which can be chosen by the users of the blockchain themselves. Choosing this method enables a block time of three seconds, which is very low compared to other blockchains, as well as fee-free transactions between individual accounts.

Applications

At the same time as the start of Steem, the first application based on this blockchain, Steemit, was published. This is a decentralized and censorship-resistant social network that rewards its users for creating content with the receipt of the crypto currency Steem. However, Ned Scott, the then CEO of Steemit, affirmed in an interview that the Steemit platform is only one of many applications on the Steem blockchain.

In 2017, a number of decentralized applications based on the Steem blockchain, or DApps for short, were published. One of the first and best-known of these applications is the decentralized video platform DTube . In the same year, Utopian Colony, a platform for developers and programmers, was released with the aim of using the Steem blockchain as a support option for the development of open source projects.

A year later, Steem Monsters, a trading card game based on the Steem blockchain, was introduced. After a campaign on Kickstarter that ended with over $ 88,000 , the game has been continuously developed and is played by thousands of users every day (as of March 2019).

In 2018 APPICS was presented to the Steemit community. A social network similar to Instagram that allows users to share pictures and videos. As on Steemit, posts can be rated with votes and paid for in the platform's own crypto currency APX. The Dual Blockchain Token APX was developed by APPICS with the help of Steem-Engine & EOS and can be bought on Steem-Engine.com with Steem and on NewDex with EOS. The APX token can be on the EOS blockchain or on the Steem blockchain. APPICS is currently (as of March 2020) in the beta phase. Every Steemit user can log in with their username and posting key / active key. After logging in for the first time, you officially become an APPICS user. According to a Steem-Engine.rocks site, there are currently 3265 accounts that count as users for APPICS. According to unconfirmed sources, APPICS has around 5000 users. The payout for APPICS users is different than on Steemit, 65% of the reward goes to the user, 25% is shared by the voters and 10% goes to the platform.

Approx. 44% of all blockchain users are active users of decentralized applications (DAPPS).

See also

Web links

Individual evidence

  1. ↑ Steemit Inc: The steem blockchain - Building better communities, creating rewarding opportunities and empowering entrepreneurs. November 19, 2018, accessed March 12, 2019 .
  2. ↑ Coinmarketcap: Top 100 Cryptocurrencies by Market Capitalization. March 12, 2019, accessed March 12, 2019 .
  3. ↑ Reuters: Digital currency Steem soars 1,000% in value in two weeks . In: The Guardian . July 12, 2016, ISSN  0261-3077 ( theguardian.com [accessed March 13, 2019]).
  4. ↑ Steem block explorer. Retrieved March 12, 2019 .
  5. ↑ Blockchain Activity Matrix. Retrieved March 13, 2019 .
  6. ↑ Jack Mathis: Major Milestone: Steem Blockchain Hits 1 Million Accounts. In: CCN.com. May 17, 2018. Retrieved March 13, 2019 (American English).
  7. ↑ DAN LARIMER: Visionary Programmer of BitShares, Steem and EOS. Hacker Noon, June 11, 2017, accessed January 25, 2018 .
  8. ^ Katherine Fletcher: A Conversation with Ned Scott, CEO of Steemit. May 5, 2016, accessed March 12, 2019 .
  9. ↑ Andrew McMillen: THE SOCIAL NETWORK DOLING OUT MILLIONS IN EPHEMERAL MONEY. In: WIRED. April 10, 2017. Retrieved March 12, 2019 .
  10. ↑ Steemit Inc .: Joint Statement. April 12, 2017. Retrieved March 12, 2019 .
  11. ↑ Colin Harper: Weiss Cryptocurrency Ratings Unveiled Under Complicated Circumstances. January 24, 2018, accessed March 12, 2019 .
  12. ↑ Chelsea Roh: Cardano (ADA), EOS, & Steem: the Top 3 Cryptocurrencies by Weiss Ratings. February 28, 2018, accessed March 12, 2019 .
  13. ^ The Weiss Ratings Team: Korean Cyberattack Fails to Foil Crypto-Ratings Release. January 24, 2018, accessed March 12, 2019 .
  14. ↑ Steemit Inc: Steem white paper. (PDF) October 1, 2018, accessed on March 12, 2019 .
  15. ↑ Steemit Inc: Steem FAQ. November 19, 2018, accessed March 12, 2019 .
  16. ↑ Gennaro Cuofano: What is Steemit? The Decentralized Social Network That Is Challenging Facebook Business Model. November 19, 2018, accessed March 12, 2019 .
  17. ↑ Adam Hayes: Steemit: The Disruptive block Chain-Based Media community. investopedia.com, July 16, 2016, accessed March 12, 2019 .
  18. ↑ David Kadavy: Make Money Writing on the Steem Blockchain: A Short Beginner's Guide to Earning Cryptocurrency Online, Through Blogging on Steemit (Convert to Bitcoin, US Dollars, and Other Currencies) . Independently published, 2018, ISBN 978-1-982930-30-1 ( acm.org [accessed March 13, 2019]).
  19. ↑ Usman W. Chohan: The Concept and Criticisms of Steemit . ID 3129410. Social Science Research Network, Rochester, NY February 23, 2018 ( ssrn.com [accessed March 13, 2019]).
  20. ^ Katherine Fletcher: A Conversation with Ned Scott, CEO of Steemit. May 5, 2016, accessed March 12, 2019 .
  21. ↑ Ron Mason: So What Is DTube And How Does It Differ From Youtube? March 12, 2018, accessed March 12, 2019 .
  22. ↑ Stellabelle: Could Utopian.io Become The Ultimate Funding Solution For Open Source Projects? October 31, 2017, accessed March 12, 2019 .
  23. ↑ Jesse Reich: Steem Monsters: A Digital, Role Playing, Trading Card Game! September 4, 2018, accessed March 12, 2019 .
  24. ↑ Steem Monsters: Steem Monsters Collectible trading card game. January 6, 2019, accessed March 12, 2019 .
  25. ↑ APPICS website. Accessed March 7, 2020 (English).
  26. ↑ Blockchain-Based Social Media Platform Vows to Return Power to Users. Cointelegraph, August 5, 2019, accessed August 5, 2019 .
  27. ↑ APPICS accounts number. March 7, 2020, accessed on March 7, 2020 .
  28. ↑ Coingecko: Steem 2018 Report. (PDF) Retrieved March 12, 2019 .