Review on Steem Dollars by francis fernandez
Steem Dollar: a stabilizing digital currency that rewards your brain
Steem Dollar is one of the digital assets used by the Steemit blockchain to reward the contributions of users of its social platform through the contribution of content in the form of comments and interactions on the network. Token:
Steem Dollar known by its symbol SBD was created in order to guarantee the stability of the economic system within the Steemit network.
SBD is also the cryptocurrency that backs the Steem token, the other crypto asset on the chain.
Therefore, its issuance is subject to an internal regulation mechanism based on the market value that both digital assets hold at a given time.
SBD despite having a value linked to the US dollar; it has a variable value depending on market conditions.
This token is also tradable for the Steem digital asset on exchange platforms.
Technology:
This digital asset has the main characteristic of being a Smart Media Tokens; that is, an asset with a particular protocol that uses the Proof of Brain (POB) system integrated into a reward mechanism for the distribution of tokens that is mostly used by virtual content organizations. The Brain Test system relies on users using their brain to win prizes in digital assets.
SBD operates on its native open source chain that uses different protocols such as Javascript, Ruby and Python to develop unalterable content whose interaction is rewarded by this token and by the Steem token.
Hence, the cryptocurrency guarantees security in its infrastructure.
Pros
- It is a secure digital currency due to its immutable nature
- Allows users to be rewarded for their content on social networks
- It is a currency whose value is linked to the US dollar
- It allows making exchanges in other cryptocurrencies
Cons
- It has no disadvantages.
