After reading a recent article on CoinDesk hyping Ethereum as the next in line to don the "king of crypto" crown, it got me thinking...
I thought to myself, why couldn't steem do that?
A lot of the same reasons the author used to state why Ethereum was destined to overtake Bitcoin were also applicable to Steem.
Then, when I saw this at the bottom of the article, I knew what had to be done:
"Think a different blockchain will dominate? CoinDesk is accepting submissions for its 2017 in Review series. Email news@coindesk.com to tell us your thoughts on the year ahead."
https://www.coindesk.com/2017-bitcoins-year-2018-will-ethereums/
After seeing that I drafted this little email up and shot it over to CoinDesk:
From:
To: news@coindesk.com
"After reading a recent article about Ethereum and how it will replace Bitcoin as the most popular, and possibly most valuable coin going forward, it got me thinking about another coin.
Steem.
The Steem blockchain powers the Steemit.com website and is set to launch Smart Media Tokens (SMTs) in early 2018.
Which, if you are not familiar will allow communities, companies, groups, etc etc to all create their own tokens in order to monetize content or basically whatever they want. Similar to what Ethereum has done with their ERC20 coins for people launching ICOs. Except these SMTs will be backed with Steem tokens, which are easily trade-able and have real market value.
More about SMTs can be read here: https://smt.steem.io/smt-whitepaper.pdf
Aside from that, the Steem blockchain is fast.
One of the fastest in existence in fact.
With 3 second blocks and no fees for transfers, it seems like the perfect chain to scale.
Not to mention that it already does some of the most transactions per day by any blockchain. Just recently it handled over 1 million transactions in a single 24 hour period, which was more than both Bitcoin and Ethereum.
https://steemit.com/record/@steemitblog/steem-blockchain-breaks-1-000-000-transactions
In fact, there have even been days in the past where Steem did more transactions than both Bitcoin and Ethereum, combined. And it did this without breaking a sweat, while Bitcoin and Ethereum are both struggling to handle this latest surge in network usage.
Given all of this information, I am shocked that the steem blockchain is not getting more recognition among investors and developers as the place to be and build for 2018.
Time to shine a light on these guys, what do you think?"
Most likely the email won't amount to much, but then again, maybe it will.
Who knows.
Either way I am looking forward to 2018 being a very strong year for steem.
Here's to hoping!
Image Source: