Steem Description
Steem is a unique social blockchain designed to cultivate communities and provide users with immediate monetization opportunities by incentivizing them for their content contributions. As the first blockchain capable of supporting real-world applications through social platforms like Steemit, it revolutionizes the traditional model where shareholders of social media giants profit from user-generated content. Instead, Steem redistributes value back to the individuals who create and share, empowering them to become stakeholders in the platform. This approach not only allows users to maintain ownership of their data but also rewards them with cryptocurrency for their efforts. In contrast to many other blockchains that face issues with speed and costs, Steem is characterized by its rapid, cost-free, and scalable transactions, made possible through advanced bandwidth management. It stands out as the only blockchain efficient enough to support extensive social applications, processing more transactions than both Bitcoin and Ethereum combined. With a user base exceeding 1 million and over 324 applications built on its platform, Steem is actively reshaping the landscape of social media and digital content sharing. This innovative ecosystem not only enhances user engagement but also fosters a sense of community ownership that is unprecedented in the digital realm.
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Steem User Reviews
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Avoid it, use fork - Hive. Date: Oct 17 2023
Summary: Avoid it. Use Hive that is a fork made by former developers of Steem and is continuously improved ever since.
Positive: It was great when it started in 2016, engaged community and developers, but that was before hostile takeover by Sun / TRON in 2020.
Negative: After hostile takeover: centralized, corrupted governance, censorship, thieves and frauds. No development since takeover (2020), all core developers moved out to different projects, including fork of Steem called Hive.
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Likelihood to Recommend to Others1 2 3 4 5 6 7 8 9 10
Backend to SteemIt Edited: Mar 30 2022
Summary: Steem is not a social media site in itself but the blockchain based backend for the SteemIt social media as well the the original blockchain for the Hive and Blurt fork.
For more details see SteemIt, Hive and Blurt.blogPositive: • Content is kept on the blockchain can't be deleted.
• Own cryptocurrency with no transaction fees.
• Community driven through elected witnesses.
• Open Source.Negative: • Whales dominate the blockchain trough the delegated proof of stake.
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Likelihood to Recommend to Others1 2 3 4 5 6 7 8 9 10
Best blockchain Date: Apr 21 2022
Summary: I am glad that Steem blockchain is run by trusted witnesses (blockchain producer).
And Steemit servers are just fast and reliable!Positive: 3 second confirmation of block.
no fees.
fast and smooth.
little spams.
trusted witnesses
integrated with Tron (claim tron/steem/sbd at the same time).Negative: Nothing.
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