1 Level
2 Review
-99 Karma
Review on Steem by Mason Olson
Steem
Steem , which was founded on the Ethereum blockchain, is now seeking to expand to other cryptocurrencies. The latest addition, called Ripple , is a cross- currency exchange for virtual currencies , which makes it a natural fit for the blockchain . Blockchain technology also enables peer -to-peer transactions, meaning that users no longer need to rely on banks or trusted third parties to process payments. Ripple allows users to instantly send and receive dollars and other digital currencies from one another, while retaining control over the currency. A recent report showed that Ripple is growing at a compound annual growth rate of 28%. It currently handles more than 1 billion transactions every day . Block stream is a network designed for peer- to- peer transactions that is also known as an Ethereum based distributed application . While Ripple is a currency and not a currency itself , the network is designed for the development of value in the currency of the blockchain , called Ether.
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Pros
- Steem it, the social media-based cryptocurrency exchange, which has been trading at $4, 000.
Cons
- Steem it is a new digital currency that uses the blockchain technology to create a digital currency.
