In my former post : EOS ( Dan Larimer ) Plans Steemit alternative: A Strategic Competition , see link here I indicated EOS plan to creating a steemit alternative. The amazing thing is that Steem through its SMT will take the fight to EOS and Ethereum-which is an amazing thing because we will have many alternative technologies to explore and yes , competition leads to more innovation and more choice for consumers.
There are many scam / fake projects in the crypto space, so being a member of one of the best blockchain technology and having the ability to earn it daily is a good reason for celebration. Moreover, there are no perfect technology out there and we have seen some limitations in steem ecosystem , however the upcoming SMT and HFork 20 will positively change the playing field for all of us (if we are ready to join the vibe). For more on SMT, see my former post here
Moreover, if you are smart and have a bit understanding of destructive technologies, you will know that steem is currently undervalued and its value will rise soon especially after the successful implementation of SMT and HFork 20-here are some few points:
More integration: The current reorganizing and implementation of asset data types (In SMT) will make it possible for steem blockchain to evolve and start supporting as many assets as possible (not only 3: steem, sbd and steem power) while maintaining backward compatibility-thus making life easier for entrepreneur’s .
Moreover, according to Ned Scott :
This will provide the best possible UX, while minimizing the engineering costs required to integrate an SMT into existing applications. In other words, entrepreneurs won’t need to take on as much technical debt in order to use blockchain and cryptocurrency technology through the adoption of an SMT.
Automated market makers (AMM): This option will surely take the fight to Ethereum and EOS and thus open the flood gates for many people to use steem blockchain through SMT tokens.
Moreover,
AMMs will enable an entrepreneur launching an SMT to create instant liquidity for their token so that people can immediately begin buying and selling it while also establishing a baseline price level for that token. Leveraging the AMM is an optional feature for an SMT, but those SMTs that do use the AMM will be able to economically bootstrap themselves with a turn-key solution for providing bi-directional liquidity in the on-chain market
Bright Future: I can go on the whole day about the ingenuity of steem blockchain however to summarize my thoughts, it is clear that steem is currently undervalued and thus we all have the opportunity to buy steem ( and power up , if you have the money) or earn it through great posts. Importantly, I am sure that steem price will moon before the end of this year due to its bright future.
Do you agree? send in your comments , resteem in order to share this post with your contacts and upvote in order to send in your support.
Click here and read my former post: Is Bill Gates Out of His Mind? ´cryptocurrencies have 'caused deaths in a fairly direct way
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