blockchain technology is boom in the year of 2017 and its still getting bigger in the contemporary world. all the start up , beginner ,entrepreneur shows great interest in the growth and benefit of blockchain technology.in the year of 2000 or 2005 , there was many social networking sites launched like Facebook , twitter , linkedin , googles plus etc but what makes todays newly launched "nexus" and a year old "steemit" from them is its dependency on current technology which is blockchain .
a blockchain can be defined in simplest way is :-
" a decentralised and immutable public database of transactions."
since this article is core for differentiate between steemit and nexus ,lets go in detail:
1 . definition:
nexus : its a connection or series of connections ,of computers , businesses and people with a focus on establishing new applications of finance , technology , service and sovereignty
steem : its incentivised and blockchain public contents platform .
2 . currency:
The core value for both social blockchain technology is depends much on their own currency which can be earned and spend easily on this platform .
steem ,steem power and steem dollar :
steem is the fundamental unit of account on the steem blockchain .all other tokens like steem power and steem dollar derive their value from the value of steem. it is liquid currency which can easily bought and sold from exchange and transfer to other user as a form of payment.
steem power (sp) is nothing but steem which is locked for certain time periods after converting in steem power .the motive behind this mechanism is just to hold the investor for long term investment .it also helps your posted contents to get more voting weights and also to gain more voting power.
steem dollar (sdb) created to maintain stability to the world of cryptocurrency and to the individual who use the steem network.
nexus currency called "social" also works at same like steem currency but what differentiate nexus currency than steem currency is about its single and only currency which is used for all purpose for nexus platform.
3 . bridge between cryptocurrency and real life usage
nowadays , we want our life more hassle free in terms of buying products either online or by going shopping and its really golden opportunity given by "nexus" to spend your social coins (which is core currency for nexus for all transaction) through physical debit card which look like this picture.
unfortunately, steem has no any card scheme so far.
4 . market capital
steem is one year older than nexus so definitely there would be big capital differentiation but the way nexus getting popularity day by day,there would be no doubts one day it will surpass steem and even Facebook .
here is the pic for current market cap:
photo from the source of coinmarket.com sites (21st sept,2017) (https://coinmarketcap.com/)
Thank you for showing your interest in my post.hope to be great follower for each other.
