Keep reading for FREE
Steem Blockchain
Steem is a blockchain that supports community building and social interaction with cryptocurrency rewards. The concept of Steemit is like a decentralized version of reddit.com.
Steem aims to support social media and online communities by returning much of its value to the people who provide valuable contributions by rewarding them with cryptocurrency, and through this process create a currency that is able to reach a broad market, including people who have yet to participate in any cryptocurrency economy.
16
424 reads
The principles behind Steem
Steem aims for a fair and inclusive social media through crypto:
- Everyone who contributes to a venture should receive pro-rata ownership & payment from the venture. Just like when startup allocate shares through investement rounds.
- All forms of capital are equally valuable. This means that those who contribute their scarce time and attention toward producing and curating content for others are just as valuable as those who contribute cash. This is the sweat equity principle.
- The community creates value to serve its members: curated high quality news, stable cryptocurrency pegged to the US dollar etc...
10
42 reads
Measuring Contribution through interactions
Steem's challenge is to create a system capable of identifying the contributions that are needed and their relative worth, using a methodology that can scale to an unbounded number of people. Steem is designed to enable effective micropayments for all kinds of contributions by changing the economic equation:
Readers can vote content up or down and Steem will use their votes to determine individual rewards.
10
27 reads
STEEM's Ways to Contribute
Steem has 3 different asset classes:
- Steem (STEEM)- the liquid currency. You can earn it by posting, commenting etc...
- Steem Power (SP) - Users are able to commit their STEEM to a 13-week vesting schedule, providing them with additional benefits within the platform. Committed STEEM is called Steem Power (SP). When users vote on content, their influence is directly proportional to the amount of SP that they have.
- Steem Dollars (SBD) is similar to convertible notes, for startups. It allows the holder to convert to the backing token with minimum notice at the fair market price of the token.
11
21 reads
Steem Allocation & Supply
Since December 2016, Steem began creating new tokens at an annual inflation rate of 9.5%. The inflation rate decreases at a rate of 0.01% every 250,000 blocks, or about 0.5% per year.
Of the new tokens that are generated:
- 75% go to fund the reward pool, which is split between authors and curators.
- 15% of the new tokens are awarded to holders of SP
- 10% pays for the witnesses to power the blockchain.
12
38 reads
How to earn STEEM
- Content creation
Create interesting and valuable content on Steemit to earn STEEM as a content creator - Freelance work
Offer your skills to the community - Take part in Contests and Challenges
- Lease/Renting out your Steem Power
Buy some STEEM from exchanges and power up your STEEM to Steem Power then rent/lease it out to other Steemit users for daily Steem payment to your wallet.
12
22 reads
Technical Details of Steem
Steem’s blockchain (Graphene) is a variation of the Bitcoin Blockchain. It also powers Bitshares and EOS:
- A block is created every 3 seconds.
- The consensus algorithm involves 21 witnesses who verify the blocks.
- Each block contains: the texts of all posts and comments, transactions of Steem between users, upvotes and downvotes , follow, unfollow, etc.
11
26 reads
The HIVE fork
In 2020 Steamit.com, the biggest platform where for the Steem blockchain was aquired and it seemed the descentralized advantage vanished as a private actor owned 80% of the coins.
The community forked the project and a competing platform called HIVE launched to compete with Steem.
9
31 reads
CURATED BY
Life-long learner. Passionate about leadership, entrepreneurship, philosophy, Buddhism & SF. Founder @deepstash.
MORE LIKE THIS
Ready for the next level?
Read Like a Pro
Explore the World’s
Best Ideas
200,000+ ideas on pretty much any topic. Created by the smartest people around & well-organized so you can explore at will.
An Idea for Everything
Explore the biggest library of insights. And we've infused it with powerful filtering tools so you can easily find what you need.
Knowledge Library
Powerful Saving & Organizational Tools
Save ideas for later reading, for personalized stashes, or for remembering it later.
Start
31 IDEAS
Start
44 IDEAS
# Personal Growth
Take Your Ideas
Anywhere
Organize your ideas & listen on the go. And with Pro, there are no limits.
Listen on the go
Just press play and we take care of the words.
Never worry about spotty connections
No Internet access? No problem. Within the mobile app, all your ideas are available, even when offline.
Get Organized with Stashes
Ideas for your next work project? Quotes that inspire you? Put them in the right place so you never lose them.
Start
47 IDEAS
Start
75 IDEAS
My Stashes
Join
2 Million Stashers
4.8
Stars
5,740 Reviews
App Store
4.7
Stars
72,690 Reviews
Google Play
samz905
Don’t look further if you love learning new things. A refreshing concept that provides quick ideas for busy thought leaders.
“
Shankul Varada
Best app ever! You heard it right. This app has helped me get back on my quest to get things done while equipping myself with knowledge everyday.
“
Ashley Anthony
This app is LOADED with RELEVANT, HELPFUL, AND EDUCATIONAL material. It is creatively intellectual, yet minimal enough to not overstimulate and create a learning block. I am exceptionally impressed with this app!
“
Sean Green
Great interesting short snippets of informative articles. Highly recommended to anyone who loves information and lacks patience.
“
Jamyson Haug
Great for quick bits of information and interesting ideas around whatever topics you are interested in. Visually, it looks great as well.
“
Laetitia Berton
I have only been using it for a few days now, but I have found answers to questions I had never consciously formulated, or to problems I face everyday at work or at home. I wish I had found this earlier, highly recommended!
“
Giovanna Scalzone
Brilliant. It feels fresh and encouraging. So many interesting pieces of information that are just enough to absorb and apply. So happy I found this.
“
Ghazala Begum
Even five minutes a day will improve your thinking. I've come across new ideas and learnt to improve existing ways to become more motivated, confident and happier.
“
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving & library
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Personalized recommendations
—
—
FAQ
Claim Your Limited Offer
Get Deepstash Pro