This article will hopefully, shed light on the superiority of steem ecosystem especially to some people who underestimate the ingenuity of steem block chain - due to the undervalued price of steem .
This amazing steem system is built on a protected blockchain software that run on computers and there are 3 types of assets that run on the ecosystem: Steem , Steem Power and Steem Dollars. Steem power (which gives you authority in steemit platform) and steem relates to company shares and steem dollars (which moves in tandem with US dollars) are created by a blockchain-based software network to be used as a currency, from loans on Steem digital assets which have financial value because they're useful to a rising Steemit community , and are rare .
Moreover, there are many reasons why steem is undervalued , however , in this blog post I will discuss my top reasons and you are free to add your own via the comment section:
- Still in Beta: steem is doing excellently well even though it is still in its infancy (Beta) and there is yet no massive advertisement of the blockchain to the world. Imagine what will happen if millions of dollars is used to advertise this amazing technology to the world including the financial market?
- Life Changing Technology : Steem blockchain processes transactions faster and more efficient than top cryptocurrencies even Etherium and Bitcoin combined . Moreover some disruptive technological apps are being built on steem blockchain . Some examples are DTube (a video platform like Youtube) created by @heimindanger , Busy.org : an alternative content creation social media site using the Steem blockchain and founded by @fabien & @ekitcho in July, 2016, ChainBB : discussion forum style interface on the Steem blockchain created by @jesta , Zappl : a decentralized front end micro-blogging application similar to twitter and mastodon - moreover Zapple is termed the Twitter of Steemit and developed under the guidance of @thedegensloth . All these including the ability to anonymously publish something to the world without exposing your identity mean that most top world figures can share their information’s safely to the world and it stays in the blockchain.
- Massive Potentials: steem blockchain has the highest potentials in the entire blockchain for mass adoption especially after the upcoming Hard fork 0.20.0 which is known as velocity with its 3 main priorities : Communities building support –read here for more info , Easy Onboarding, and a Mobile Application. Importantly, velocity will make it possible for millions of people to sign up on steemit by opening the flood gates and each new account created will burn steem - read here for full details -this will certainly shoot the price of steem to the moon and create millions of members plus large communities that are willing and able to use steem backed dollars as their currency leading to mass adoption of the currency and subsequently, more value to steem ecosystem.
Conclusion: In this blog article I have outlined reasons why I think that steem is undervalued and explained succinctly the ingenuity of steem ecosystem. There is no need to panic due to steem cheap price, rather take it as a blessing in disguise plus a once in life time opportunity to grow your steem before it’s too late and power up in order to be relevant in the future of social media.
What do you guys think? send in your comment, Please resteem this for others to join and up vote to send your support.
Please read this my former blog: Steem Owner or Renter which strategy is better :
For those who want to be an investor in Bitcoin wallet see X coins link: https://xcoins.io/investors?r=v93e2z