The concept of decentralization isn’t being given the respect it deserves — and change is needed.
Steem is explained as a fundamental unit of account on a platform called Steemit. Steemit is a Blockchain-based platform where users can publish content and vote on it like on every other social media platform, but with the difference that on Stemmit, they are rewarded with tokens.
The Steem network gives new Steem units to publishers and voters every day. Steem can be exchanged either on Steem Power (SP) or Steem Backed Dollars (SPD). Steem Power is a token used to upvote content, which helps to get a revenue both for a voter (in SP) and for a publisher in (SPD) proportionate to how much Steem Power the voter has. Steem Powered Dollars represent an amount of Steem equal to 1 USD. SMD helps to protect content creators from the volatility of the Steem cryptocurrency by promising them that they’ll get a fixed amount of money, no matter how much Steem will cost when they cash out.
Steemit veterans vow to improve blockchain upgradeability and avoid damaging hard forks5292
Could their partnership with a new age guru save lives?12761
A former Steem witness received death threats from a Hive user, is DPoS to blame for the Steem/Hive drama?8664
The most-popular Steem DApp has moved to Hive, resulting in daily Hive transactions overtaking Steem for the first time.3977
Check out this week’s Bad Crypto News.7883
While Binance will support the Steem hard fork to freeze $6M in user funds, CZ offered support to additional forks.7473
Steem has completed a soft fork which sanctions the account that went rogue and sent 23.6 million STEEM to Bittrex in protest of a recent hard fork.3376
Bittrex to carefully review the facts of a 24M STEEM transaction from an unknown Steem account, co-founder Richie Lai says.7735
Steem’s latest hard fork has been completed but almost $6 million of STEEM due for seizure was ‘rescued’ in a mysterious transaction to Bittrex exchange.5651
Steem will freeze another $5 million in funds associated with the accounts of Hive supporters.9253
During Virtual Blockchain Week, Justin Sun recounted his version of the events surrounding Hive’s controversial fork away from Steem.7871
Binance has launched support for HIVE the month after the exchange participated in a controversial governance vote that sparked the Steem hard fork.6897
One week after Justin Sun’s hostile takeover of Steem, Huobi launched trading for the community hard fork Sun sought to suppress.8457
Check out this week’s Bad Crypto News.15923