Steem Blockchain
1. Purpose:
Steem is a blockchain protocol designed for social applications. It rewards users with cryptocurrency (STEEM) for creating and curating content, enabling decentralized monetization of social interactions.
2. Key Features:
Proof-of-Brain Algorithm: Rewards users based on content quality and community engagement.
Fast Transactions: 3-second transfer time.
No Fees: Thanks to the Delegated-Proof-of-Stake (DPoS) mechanism.
Scalable Protocol: Capable of handling massive user activity and data storage for social media platforms.
3. Applications Powered by Steem:
Steemit: A blogging and social media platform.
DTube: A decentralized video-sharing platform.
DLive: A live-streaming service.
Busy.org, DSound, and others: Supporting diverse content types.
4. Smart Media Tokens (SMTs):
Upcoming tokens that allow developers to create customizable tokens for their projects on the Steem blockchain, enabling ICOs, token distribution, and monetization.
5. Advantages:
Processes more transactions than most blockchains combined.
Provides opportunities for developers to build scalable, monetizable platforms
Key Data:
1. Price: $0.2740 (+30.91%) – A significant increase in the price.
2. Market Cap: $133.22M – Indicates the total market value of circulating STEEM tokens.
3. Volume: $237.84M – High trading volume suggests strong market activity.
4. Circulating Supply: 479.58M STEEM – Matches the total supply, meaning all tokens are in circulation.
5. All-Time High (ATH): $8.5744 (Jan 3, 2018) – Reflects a significant decline from its peak price.
6. All-Time Low (ATL): $0.0692 (Mar 11, 2017) – Shows long-term growth since its lowest price.
