What is Steem?

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Photo: Steem
What is Steem?

Such a rapid growth in popularity of a rather new cryptocurrency called Steem is caused by a number of positive features. These include: idea that Steem is based on. Absolute absence of commission fees. The incredible enthusiasm of members of the community as well as the team members, who were constantly developing the platform and working on the social media. Each member of Steem community has an opportunity to create an interesting and unique content. Many professionals considered it as a great chance and a unique opportunity. Optimistic prospects for further development of Steem. Liquidity compensation, which allows to achieve bootstrapping during various transactions with tokens.

This is probably something that many people find attractive and worth attention. In addition, due to the relative novelty of the platform, and, consequently, the low workload of the project, all transactions are much faster. As usual, there are also negative aspects in the Steem project. Until now, an accurate algorithm for obtaining electronic cash has not been formed even with the help of comments, publications and voting. Despite the high level of protection, there is always the risk of losing your savings as a result of a hacker attack. The platform is quite difficult to work with and always needs some professional assistance.

Finally, it is worth mentioning that there is always a chance to lose all your investments, so some crypto-users are quite careful about using the platform.

  • bitcoinBitcoin$3,958.63
  • ethereumEthereum$147.15
  • rippleXRP$0.327948
  • tetherTether$1.00
  • eosEOS$3.83
  • stellarStellar$0.091555
  • litecoinLitecoin$50.67
  • cardanoCardano$0.046981
  • tronTRON$0.025063
  • moneroMonero$50.17
  • iotaIOTA$0.309284
  • nemNEM$0.043942
  • dashDash$85.90
  • neoNEO$9.03
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