Review on Steem by Robiul Islam
It is changing the way we use social media, by allowing users to earn rewards…
It is changing the way we use social media, by allowing users to earn rewards for their active participation. By putting an incentive behind interaction, this technology is creating a thriving community where quality content matters. Steemit dot com, represent a widely used, pragmatic utility that continues to grow at a respectable clip. The UI is pretty easy to understand and will be familiar to anyone who has used Reddit, Medium or Quora before. One thing that is different about Steemit is that, unlike other social media sites, once you sign up with your email and phone number you’re placed in a waiting list. An administrator will then need to verify your account, which can take a few hours or upwards of a week. It is one of the platforms that brings a value to the cryptocurrency market. It’s one of the few platforms where content creators can be rewarded for their contents. Of course, the platform needs some improvements but I truly believe that Steem brings some adoption to the market. Moreover, it’s already used by over 1 million people on more than 324 Steem-based apps.
Updated 5 years ago
Rating has not been changed
STEEM is now available to all Metal Pay users! Metal Pay is the only app where you can buy and sell STEEM directly from your USD account. Finally there’s a GUI can’t wait to see what the SPS will bring us, very exciting! Hopefully that's the first step towards a bright future of Steem.
Updated 5 years ago
Rating changed from 4 to 3
The current market dynamics create the impression that investors' interest in the cryptocurrency market has faded, it may not. The true value that cryptocurrencies provide is not vanishing, they will continue to grow and are likely to remain in the survival group.
It’s true that it was a great disappointment for holders in 2019. If you look for good return in 3 to 5 years, IT might be the coin to watch closely now.
Pros
- The platform, a cross between Reddit & Medium where contributions are given votes, provides news and commentary for users, as well as a forum to ask highly personalized questions. •It is a democratic platform, Added privacy feature, It is a fully decentralised and open source project. •Steem-apps allow creators to make money via their shared content. •A good way to earn passive income, The more quality content you create the more you get rewarded. •It is the first social media application to reward its users with cryptocurrency. •It is one of the most secure blockchains in the cryptocurrency market. •Steem blockchain is the only blockchain that can handle social applications at scale. •The Steem system works to incentivize the use of Steem, potentially supporting demand for the STEEM token. •The smart media token (SMT) is a novel idea that could be useful to website operators to create and manage a custom token. •The system is easily updated and implemented without any problem.
Cons
- •Platform lacks certain features like pages, chats, and groups. •The concentration of STEEM ownership in the hands of a few large miners. •Still it may be early for decentralized social media platforms. •No details provided on how management will sell SMT’s to the broader publisher community.
