The Average Steem User’s perspercetive
Hello steemit! How we love you.
How many steem-users have been cracking their brains and breaking their backs, baking and creating qualitative content in search of recognition and reward?
Lets do the math, many will agree with my postulations that more that 80% of steem-users have never visited www.steem.io.
Many will say if I was a whale my piece would have been sold out. A lot more who do not know steem has a blue paper would propose that they have design a qualitative content as such should be rewarded.
The other infinitesimal percentage, who have a bit more information on the model steem follows hardly find time to study the working document.
Leave out the math, you are welcome to the world where quality content creation is ruling. With many hinging on the premise that: creation of quality content on steem, might most likely get recognition and reward. As much as this is agreeably true it also arguable.
it is by now as clear as crystal that the steem ecosystem embodies a lot more than the average steem user has in his grip.
Questions that might Seem like Rocket Science to the Average Steeemian
With many questions begging for answers, many steem users have fallen back on the spring board of ignorance with question like:
- What the full meaning for the acronym SBD?<
- Who is a steem witness?
- Who creates the blocks
- Who is your steem blockchain neighbor?
- What is hard fork-20?
- When is the test net for hard fork 20 going live?
Lots of questions wishing for answers from the average steem user, just spraying and spraying in no particular direction, many in the process fall short stocked on ignorance, with no clue of the steem modus operandi.
The steem Blockchain in Details
Steem provides a scalable blockchain protocol1 for publicly accessible and immutable content, along with a fast and fee-less digital token (called STEEM) which enables people to earn the currency by using their brain (what can be called “Proof-of-Brain”).
The steem blockchain is a stand out performer when it comes to content availability that spans across all field of study and engagement. From blockchain to artificial intelligence, from forex trade to crypto trade, from rocket science to genetic engineering, the list is endless.
But the big question still remains, what make the steem ecosystem stand tall in the world of social media?
Steem has turns out to be a major player in content delivery by it reward system edging many big players out the waters. Steem blockchain births a platform that, have turned out to reward many content creators in dimensions they never would have dared to dream, birthing it users into a global community that have surpassed the imagination of many.
The steem ecosystem combines both Proof of Brain and proof of work together, such that the average steem user births a process that aids and continues to breed the growth of the ecosystem.
This they do, by engaging their minds (brain) with the process of content delivery which is further assessed and scrutinized by pool steem users who in the process evaluate the content and get content creator incentivized the process
Reward for content creators
This is a major topic that will have the average steem user quite interested. Since the steem ecosystem is about content delivery in almost all areas and field of study, many searching for information are driven towards the steem ecosystem; this goes a step further to keep those in the ecosystem informed, educated and entertained.
This entertained steem users evaluate the content the consume and place their voting which turns out to be a means of reward for the creator as well as circulating the currency around the network users.
Speed and Scale on the Steem Blockchain
It is an open secret to the many steem user that, steem is about one of the fastest when it comes to transactions completed in real time. The steem blockchain is observed to process a figure of about 10,000 transactions in about a second which is faster than that of ethereum (which is about 13 transactions per second, how funny this sounds) and many more.
The steem ecosystem applies the use of Delegated Proof of Stake (DPoS) in place of Proof of Work (PoW) to achieve a far more scale and faster speed. With the application of (DPoS) a new block is generated every 3second as such more information can be held which forms the basis for the ocean of information held up in the steem ecosystem.
Steem’s Platform Features
The steem platform is a platform that has two faces
- Social media outlet
- Crypto token processing system
This two are different faces of the same coin, both of them tend to birth a massive user experience.
The features of the steem platform are as follows:
- The ability to develop informative content that will be uneditable and permanently hinged on the blockchain.
- Unlike what is obtainable in bitcoin and ethereum wallets where the wallet addresses are usually very long comprising of alphabets and figures, the steem blockchain creates a system where a users wallet address is his/her user name making it more user friendly.
- First off, against what many think SBD represents Steem blockchain Dollar and not Steem Backed Dollar. It is a crypto currency used in contrast to the US Dollar. This gives a better understanding to those who struggle to apprehend the crypto currency. it proffers the answer to the question popped in the mind of many: which how much is steem worth against the Dollar?
- The steem platform births a feature that operates a token exchange between steem and SBD, linking up peers who want to buy or sell their currencies (steem and SBD).
- During exchange of either steem or SBD to fiat, with the irreversibility of blockchain a party might receive his part of the bargain and further refuge to fulfill or give his own currency in exchange. With that well thought, the steem platform births a system where a third party can oversee the process by acting as an escrow so that the transaction between both parties stand to stay free off losses.
- The steem platform affords a hierarchy on the Private Key Structure, this is such that the relativity of the security demand births the key type to employ or use. These keys are Posting, Active and Owner keys. Posting key as the name implies allows an account to post, comment, follow, upvote and mute. Other processes that require a higher level of security are allowed by the active key. The owner key is more like the master key that can influence almost any transaction of the steem account.
Mind you as much as this key is design to be stored properly with many opting to store it online it is advised that this key is stored offline.
This is advised so that recovery might not be left solely to a third partywhich most times might not be trusted. It is used to prove ownership during account recovery process.
It should be noted that the master password is the mother of all other keys put together. It encrypts them three.
For more information and resource
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