Steem: A Blockchain Front Runner

As the price action continues to be red and the value of Steem swings down, I hope to highlight the facts through this post that will help newer Steemit users see the true value of Steem. It is natural to be affected by downward movements in price but it is important to see the real significance of holding a long term crypto asset like Steem.

Activity

First and foremost, what is heartening to note is the activity on Steemit that continues unabated, irrespective of the recent price fluctuations. Undoubtedly the promotion by users seems to have paid off in the form of an increasing number of users, especially those who are flocking here from Facebook and YouTube.

Rewards

Steem is unique because of the ability that it will offer to website owners to monetize their sites. It is also the largest monetizer of content on the web due to the rewards being given on Steemit to content creators. The large number of users in terms of Steemit bloggers as well as site owners will make everyone online take notice in the weeks and months to come.

Steemit

Steem has a popular social blogging platform to support it - a place that is always brimming with activity. With the large number of transactions taking place in Steem and SBD it makes Steem a growing challenger to other competitors in the cryptocurrency market. The fact that Steemit is now seen as an alternative to Facebook and YouTube is proof that it is a fast evolving platform that has captured the imagination of people.

There are several thousands of users online on Steemit with a total user base of three quarters of a million, growing fast every day. The activity that takes place in the form of posting blogs and comments, as well as upvoting is unequaled by any other blockchain based platform.

Usefulness

It is important to know that unlike many other blockchains, Steem is not driven only by speculation but by the usefulness and activity of the Steemit platform. The amount of Steem keeps on increasing while other blockchains have tokens that are overvalued due to mere speculation.

SMTs

An increasing number of people are coming online every day due to easy internet access around the world. They browse the internet and access websites for information and shopping. Steem will augment the already extensive use of the internet by means of rewards for site visitors and forum members with SMTs. The proof that reward tokens for content works can be seen on Steemit which has thousands of regular bloggers and curators.

Once the SMTs are in use people will prefer to use Steemit or a website where tokens are available, instead of Facebook or YouTube. Those who post good content will always appreciate the fact that they can get rewarded for their work.

Stake

By having a blog on a sub-domain on Steemit each user has a stake in the platform with the witnesses being responsible for the blocks. No single person owns it and it is truly decentralized.

Conclusion

Steem is a dark horse when compared to top blockchains like Ethereum and others. But when the world realizes ghat it truly solves the problem of monetization online it will surge in value and take its rightful place in the Top 20.

I hope these points will encourage you to see the true potential of Steem and continue your blogging and participation on Steemit.

If you would like to receive more upvotes on your posts, join Steemfollower by clicking here, and get additional upvotes by upvoting others. It is a service that is free of cost and very easy to use. The best part is your post will get seen by more people and also get upvoted by Steemfollower users.

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