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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. 

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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 econom...

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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...

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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 contai...

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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 ...

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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...

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56 reads

Steem Allocation & Supply

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 au...

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51 reads

Steem Blockchain

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 onl...

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445 reads

CURATED FROM

CURATED BY

vladimir

Life-long learner. Passionate about leadership, entrepreneurship, philosophy, Buddhism & SF. Founder @deepstash.

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