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Steem Vs Ethereum

Cryptocurrency Ratings: Ethereum And Eos (b), Steem, Neo And Cardano (b-), Bitcoin, Dash And Litecoin (c+), Monero And Ripple (c), Bitcoin Cash (c-) / Digital Currency Ratings Sun Apr 15

Cryptocurrency Ratings: Ethereum And Eos (b), Steem, Neo And Cardano (b-), Bitcoin, Dash And Litecoin (c+), Monero And Ripple (c), Bitcoin Cash (c-) / Digital Currency Ratings Sun Apr 15

Cryptocurrency Ratings: Ethereum and EOS (B), Steem, Neo and Cardano (B-), Bitcoin, Dash and Litecoin (C+), Monero and Ripple (C), Bitcoin Cash (C-) / Digital Currency Ratings Sun Apr 15 Weiss Ratings just published the first digital currency grades released by any rating agency in the world. Established in 1971, Weiss Ratings is one of the leading financial institution rating agencies in the U.S. Bitcoin Ranked C+ in Weiss Ratings First Ever Digital Currency Ratings Weiss Ratings rates 55,000 traditional institutions and investments and announced an intent to rate various digital currencies earlier in January 2018. Since the announcement, investors waited with anticipation for the ratings of various digital currencies. Now, in a world first, the sites ratings of 74 digital currencies were made available in a recently released document. The Weiss Cryptocurrency ratings make use of a letter grade, with A being excellent and E meaning very weak. Perhaps most notably, Bitcoin, the worlds first and most popular digital currency, earned a C+ letter grade, indicating that its a fair investment. These gradings are based on a set of four criteria: the risk index, the reward index, the technology index, and the fundamentals index. The risk index analyzes the potential risk and downside of the digital currency. Similar to any stock or bond, it looks at the level of risk taken by investors. SEE ALSO: Confirmed: Yahoo Japan to buy stake in Japanese Cryptocurrency Exchange Reward index, on the other hand, considers the potential for growth and opportunity within the digital currency. This means the chances the price will increase, stabilize, and otherwise provide a return for investors. The technology index looks at the underlying technology behind each digital currency. It analyze Continue reading >>

Cardano (ada), Eos, & Steem: The Top 3 Cryptocurrencies By Weiss Ratings

Cardano (ada), Eos, & Steem: The Top 3 Cryptocurrencies By Weiss Ratings

Cardano (ADA), EOS, & Steem: the Top 3 Cryptocurrencies by Weiss Ratings This morning the infamous investment rating bureau, Weiss Ratings, had an emergency briefing for cryptocurrency investors. Since 1971, the firm has graded everything from stocks to insurance plans. The firms newest grading venture is focused around cryptocurrency. The skype meeting this morning was led by the websites Founder, Dr. Martin Weiss, and supported by cryptocurrency ratings-model expert Juan Villaverde, Bitcoin Veteran Tristan Amzallag, and senior analyst Gavin Magor. The webinar specifically highlighted how Villaverde comes to the mathematical conclusions of the ratings of each cryptocurrency and each factor that is graded. During the meeting, Villaverde explained that the ratings arent a beauty contest but driven strictly based on numbers and data. These weekly gradings provide investors an unbiased representation of a cryptocurrency with data compiled from three metrics: technology, adoption, and risk/reward. Now, towards the end of the online meeting, they did try and pitch some sales that investors can buy in on to help boost their profits on cryptocurrency investments. I could care less about that but Mr. Villaverde did provide his top 3 coins to invest in right now and the 5 to avoid. You can re-watch the video here . The mathematician/statistician raved about EOS, even though its product isnt set to launch until June of this year. Villaverde believes that EOS has a strong risk/reward based on its stats and will soon become a stronger/faster Ethereum. The system is fee-less, a major point he believes sets it above Ethereum. Cardano is about two years away from completion but already has a strong backing being the 7th largest cryptocurrency by market cap. Villaverde thinks that Car Continue reading >>

Looking For A Bitcoin Alternative? Here Are 6 Coins To Consider

Looking For A Bitcoin Alternative? Here Are 6 Coins To Consider

Looking for a Bitcoin Alternative? Here are 6 Coins to Consider Last updated on August 22nd, 2016 at 12:08 am Bitcoin is the king of digital currencies, at least for the time being. There are several competing digital currencies, however, that could one day rival bitcoin. Many of these currencies claim to offer certain technical advantages over bitcoin. Other currencies are taking a whole new angle on digital currencies, trying not just to offer an alternative to cash, but also to offer software development opportunities, social media platforms, and other services powered by the blockchain. For now, bitcoin enjoys a huge lead over the competition, at least in terms of market cap. With a market cap of $10 billion dollars as of writing this article, bitcoin is about ten times as large as the closest competition. Still, one day Ethereum, Steem, Litecoin, or another contenders could steal the crown. Thats why were going to take a moment to go over bitcoins chief competitors. The Challenger: Ethereum (& Ethereum Classic) Ethereum has been gaining a lot of attention as of late. This public blockchain software aims to support a lot more than just a digital currency. Developers can actually code software, and then power that software through the public blockchain. Individuals can then sell their processing power and be paid with ether -a digital currency somewhat akin to bitcoin- in exchange. Currently, etherium is the worlds second largest cryptocurrency by market capitalization. Following a hack back in July , Ethereum split into two competing currencies. The new Ethereum (just called Ethereum) undid the hack. Classic Ethereum maintained the hack. Now, the two Ethereums are competing against each other. Ethereum itself has a market cap north of $1 billion dollars, and is the Continue reading >>

Steem Coin Guide 2018 | Read This And Start To Steemit

Steem Coin Guide 2018 | Read This And Start To Steemit

Steem crypto is the unit of cryptocurrency that is generated by using the social media platform called STEEMIT . This social media platform is an incentive motivated blockchain , this means that users make their content, discuss and vote on it and they get rewarded with Steem. They also get paid for mining, trading and just saving the STEEM currency. Steem cryptocurrency is similar to other digital currencies as it allows Steem cryptocurrency to be bought, traded and sold on the market. However, it differs in the way the cryptocurrency is earned. Other types of cryptocurrency require the running of some special software and hardware. In Steem, New Steem units are created by the network and distributed to users based on their contributions. Steem users are rewarded for subjective proof, they create and vote content posted on Steemit as their proof of work and they are paid for their content. Those who leave comments also get a share. They are paid 50% in Steem power and the other 50% in Steem Steemit requires no initial investment to participate and its free to use. Steem coins can also be mined but it is not the main way to get the currency. The developers have created a whole economy based on Steem cryptocurrency. Steem coins are the fundamental unit of the currency. There are also additional currency units such as Steem dollar and Steem power. Steem (STEEM) is the fundamental unit of the Steem Steem coins can be exchanged for bitcoins or other digital currencies using exchanges via prominent digital currency exchange sites , such as Poloniex etc. however, to get more out of your Steem coin. Steem can be converted to Steem power, this is known as powering up. It is recommended that you power up as Steem is very volatile and subject to inflationary losses. Steem Power Continue reading >>

I'm Going To Buy Golem, Siacoin, Iota And Steem Along With Ethereum For Long Term? Is It A Good Portfolio?

I'm Going To Buy Golem, Siacoin, Iota And Steem Along With Ethereum For Long Term? Is It A Good Portfolio?

Apart from Ethereum I would put the rest into the risky portfolio, I would then build a safe portfolio that includes Ethereum, Bitcoin and Litecoin, I know that is only three coins but they have gained the most value and have proven to be the safest so far. When you have a safe and risky portfolio you get to profit steadily from your foundation of secure coins whilst also potentially benefiting from the huge gains if your riskier investments. The coins you picked out are decent choices and have great potential if they can actually succeed in what they plan to do (I have researched them all and hold some of them in a separate portfolio). Ethereum - Allows developers to create DApps and run them on the Ethereum blockchain, also allows the execution of smart contracts. Siacoin - Could potentially compete with Dropbox and Amazon IOTA - Uses tangle technology instead of a blockchain Steem - A monetized version of Facebook and wordpress combined. However at the end of the day a good foundation is also needed to keep you in profit just in case the riskier investments dont work out, think of the safe coins as a hedge against the high risk ones. Continue reading >>

Steem Chasing Ether In Market Cap

Steem Chasing Ether In Market Cap

Except the outcome of Ethereums hard fork says otherwise, Steem could be warming up to conquer the second spot on the cryptocurrency list. Steem is next in line to be at the second spot if the cryptocurrency market remains as it is today in coming months. The digital currency behind Steemit decentralized social media platform, which rewards posters and voters online, overtook The DAO to be the worlds fifth most valuable cryptocurrency following its 1000% plus growth in the days following Steemits first cryptocurrency payout on July 4. As of July 3, according to figures from coinmarketcap.com, it was on the fifteenth spot with market cap of $15,009,110 and a 24 hour trading volume of $8,351. Lisk, Monero, Nxt, Litecoin, Dash and others were all ahead of it. A week later, Steem moved to the seventh place with just NEM, The DAO, Litecoin, Ripple and Ethereum between it and the top currency, Bitcoin. At that point, its market cap had risen to $53,255,780. By Sunday July 17, a week later, its market cap has risen to $296,231,190 to clinch the third place on the list of top cryptocurrencies. It has now pushed Litecoin and Ripple behind. This leaves it on the trail of Ethereum which has a $935,944,265 market cap, a drop from its $982,972,205 on July 3. Whether Steem will be able to maintain its growth or even gather more steam against the top two currencies is as good as anybodys guess. Users sharing their beneficial experience with Steemit has worked well to push its subscriber base though we cant say how long such would last. However, the pending Ethereum hard fork to recover the funds from the DAO exploits after it was hacked in June is worth watching out for. Planned to occur at block 1,920,000, which should be on July 20 or 21 depending on time zone, the reset promises a Continue reading >>

Steem Eth | Steem Ethereum Poloniex - Investing.com

Steem Eth | Steem Ethereum Poloniex - Investing.com

To use this feature, make sure you are signed-in to your account To use this feature, make sure you are signed-in to your account Make sure you are signed-in with the same user profile Add to/Remove from a Portfolio Add to Portfolio U.S. Commodity Futures Trading Commission (United States) National Futures Association (United States), U.S. Commodity Futures Trading Commission (United States), The Financial Conduct Authority (United Kingdom), Australian Securities and Investments Commission (Australia), Financial Industry Regulatory Authority (United States), Investment Industry Regulatory Organization of Canada (Canada), Securities and Exchange Board of India (India), Securities and Exchange Commission (United States), The Securities and Futures Commission (Hong Kong), Securities Investor Protection Corporation (United States) We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse weve all come to value and expect, please keep the following criteria in mind: Stay focused and on track. Only post material thats relevant to the topic being discussed. Be respectful. Even negative opinions can be framed positively and diplomatically. Use standard writing style. Include punctuation and upper and lower cases. NOTE: Spam and/or promotional messages and links within a comment will be removed Avoid profanity, slander or personal attacks directed at an author or another user. Dont Monopolize the Conversation.We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repe Continue reading >>

Is Eos The Ethereum Killer? Chain.cloud Company Blog Medium

Is Eos The Ethereum Killer? Chain.cloud Company Blog Medium

Today at Consensus 2017 event held in NY Dan Larrimer announced his new project EOS . Dan is known as the leader behind BitShares, Graphene and Steem technologies. You can see live stream recording of the announcement here . You need to scale to millions of users, but you cant If you are going to build some DApp (decentralized application), then what options do you have today? Corda and Hyperledger Fabric are for private networks only and have limited smart contract support. RChain, Rootstock/RSK, have not yet been released or not production-ready. BitShares and Graphene have very good throughput, but limited smart contracts capabilities. Polkadot repo has not been updated in the last 6 month . NXT, Waves, Lisk, Tezos, Tauchain (you name it) are not competitors It seems that you are left only with Ethereum which has a very bad throughput and high transaction costs. Why not try to combine the scalability of Graphene and the power of Ethereums smart contracts together? Etherum will migrate from Proof-of-work to Proof-of-stake (scheduled at the end of 2017/beginning of 2018) so we have some time to build a new competitor. 2 months ago Dan Larrimer resigned from Steemit in order to (obviously) develop/promote his new tool. Welcome, the new Ethereum killer! I created Steem with a team of 2 developers working for 3 months Theres not much technical information available currently. But EOS is not just about smart contracts + high scalability. It has a completely different design and vision compared to Ethereum. EOS uses Delegated Proof-of-Stake just like Graphene does. It uses Network Bandwidth Allocation system to effectively share the blockchain. Its like time sharing. Its like owning an instance on an Amazon web service that you can share In EOS the human-readable source co Continue reading >>

How To Earn Steem? | Cryptocompare.com

How To Earn Steem? | Cryptocompare.com

Steemit is a new social media platform where you can get paid to write and upvote content. Steemit is powered by its value token Steem and all the payments are decentralized and blockchain based. Steemit has three value tokens: Steem , Steem Backed Dollars (or Steem Dollars) and Steem Power. Steem is the liquid value token that can be bought and sold at exchanges. Withdrawing Steem from Steemit is automatic. Steem Backed Dollars are dollar pegged tokens that are worth around 1$ each. They exist to protect content writers from volatility and Steem's inflationary nature. Steem Dollars take 5 days to be converted into Steem. Steem Power is Steem locked in a vest fund. It is used to curate (up or down vote) content and can only be withdrawn over the course of 104 weeks. It is also important to note that Steem has a yearly issuance rate of 103%, which makes it an extremely inflationary cryptocurrency. The Steemit platform itself is also very new and has already been hacked once, though all the funds were reimbursed to the respective users.With any nascent technology there are many unknowns and so an extremely heavy dose of caution is advised. There are many ways to earn Steem,Steem Backed Dollars or SteemPower in the platform, and today we want to show you how to do it! We can only show you how to use Steemit, then it will be up to you to create new quality content or to curate quality posts, by doing so you'll help yourself and the Steemecosystem. Where does this money come from? When mining steem 90% of the block rewards are allocated to a vest fund (Steem Power) that pays content creators, curators and miners. The other 10% are kept as Steem, which can be sold and bought at any time, and are used to reward content creators in Steem Backed Dollars. The first thing you'll Continue reading >>

Why I Love Steemit, But Still Wish It Was Onethereum

Why I Love Steemit, But Still Wish It Was Onethereum

Why I love Steemit, but still wish it was onEthereum I find Steemit incredibly interesting, for the service it provides yeah, and the community it builds, but more so for the fact that it seems to be the first DApp since bitcoin with a shot at widespread use. For those of you who have not yet bumped into it, Steemit is a platform where individuals post and rate content, and get rewarded for doing it well. This reward is in the form of a couple different kinds of tokens each of which serve a different function on the Steemit blockchain network. Its got a fair variety of content on it, from introductions to self references. Overall, it really is a fantastic platform, from its design to its UX; I really dont think theres any other application with its level of usability and polish in the DApp space. Of course its not without its flaws, were already seeing fear and mob-mentalities influence some of the voting and content on the platform, some of the content is a bit shifty, and Id love to see a third party client for it, but it really is approaching the ideal: DApps you can hardly tell from Apps. That being said, I still find myself wishing that Steemit was built on Ethereum. As the first significant non-financial DApp, it can be used as a fantastic example of the value the platform adds. Firstly, before I dig into it, a disclaimer: I think Steemit is great, I dont think its doomed to fail without Ethereum, and I have nothing against it being on its own chain (in principle). In short, I am not an Ethereum maximalist. I am, however, an Ethereum developer, which means I do truly believe it is the absolute best place to be growing DApps. Heres why. Imagine for a moment that I wanted to write on Steemit, but I wanted to do so with a few caveats. Perhaps I wanted to have all my Continue reading >>

What Is Steem? | A Beginners Guide To A Potentially Huge Content Solution

What Is Steem? | A Beginners Guide To A Potentially Huge Content Solution

Steem is the name of the token that can be bought and sold on the open market, based on the blockchain-based platform Steemit. Steemit actually has three different kinds of currency units: Steem, Steem Power, and Steem Dollars. The Steem coin is bought and sold on the open market the same way you would any other token. The Steemit platform creates new tokens every single day. 15% of these new units are proportionately distributed to people who hold Steem Power while 85% of them are paid out to content creators, upvoters, and commenters. Steem is the name of the token that can be bought and sold on the open market, based on the blockchain-based platform Steemit. Steemit is a platform that allows publishers to monetize their content that functions similarly to many other social content networks. Think Reddit, but in a way that pays writers and content curators. Steemit rewards writers when their content gets upvoted, and it also rewards people who help curate the best content by upvoting other peoples content. Steem, one of the three currencies the Steem platform offers, is an integral part of this system. In order to really focus on Steem, we have to go over a bit about the Steemit platform. Every day, the Steemit network creates new Steem units and distributes them to its users. The users can then exchange these units on the open market for Bitcoin, other cryptocurrencies, or fiat. Steemit has really gathered some steam (excuse the bad pun) in the content and cryptocurrency community because it virtually allows anyone to write about interesting topics and start earning money. Steemit is different from other cryptocurrencies like Bitcoin because it doesnt solely rely on mining to generate new currency units. While you can technically mine Steem, the network creates new Continue reading >>

Reddit: The Front Page Of The Internet

Reddit: The Front Page Of The Internet

This is how coinmarketcap does it. Same as with bitcoin it uses the coins that are on the market which is just under 16 million, with 5 million more to come. So Bitcoin has ALOT of inflation to get as well the way you see it. Also coinmarketcap is wrong, currently only about 55 million are on the market. The release of coins will grow with the Synereo platform. Next crowdfunding campaign on bnktothefuture.com will bring in new $$ and give out Amp's for that, which will come on the market. Will it lose valie because more amp's come onto teh market? In my opinion the money that is coming in return for the Amp's will give alot more value to all amps in circulation. They can realize their goal sooner because of it and build a finer top notch product. Alpha release coming soon, in september. I've heard from a top ethereum developer that the synereo developer is incredibly clever and very dedicated. They want to produce a full 'on chain' social network and for that they need to have huge Scaling capabilities. Thus synereo has effectively become the test bed for the pos casper protocol and will probably test ideas that will eventually become a part of ethereum. It's a very exciting project.. And it's over bought for a reason. The tech that will come out of this project will be hugely valuable. As a recent podcast put it.. They're building a space rocket.. To cross the Atlantic. Trying to see if its worth it to buy into this while its cheap It's not cheap. Actually it's very overbought. Marketcap listed on CMC corresponds to only 10% of the supply. The effective market cap is >200M USD. It is A LOT for something that is still vaporware. Comparing it to Steem is a stretch. Steem is proven technology (Bitshares's Graphene) that has been refined over the interval of 3 years. And Continue reading >>

Steemit - Wikipedia

Steemit - Wikipedia

This article relies too much on references to primary sources . Please improve this by adding secondary or tertiary sources . ( Learn how and when to remove this template message ) Steemit is a blogging and social networking website that uses its Steem blockchain -based rewards platform for publishers. [2] The Steem blockchain produces Steem and Steem Dollars which are magic bean tokens obtained for posting, discovering, and commenting on content. [3] (content is also available in several other languages, e.g. German or Spanish ) Steemit, Inc. is a privately held company based in New York City and headquartered in Virginia. The company was founded by Ned Scott, and Dan Larimer , creator of BitShares , and EOS . [4] [5] On July, 4th, 2016, Steemit, Inc. officially launched Steemit, a social media with virtual currency rewards that runs over the Steem blockchain. On July 1, 2016 Steemit announced on their website that they were hacked. The attack, according to them, has compromised about 260 accounts. A little less than US$ 85,000 worth of Steem Dollars and Steem are reported to have been taken by the attackers. [6] User accounts can upvote posts and comments similar to other blogging websites or social news websites like Reddit , and the authors who get upvoted can receive a monetary reward in a cryptocurrency token named Steem and US dollar -pegged tokens called Steem Dollars. People are also rewarded for curating (discovering) popular content. Curating involves voting comments and post submissions. Vote strength and curation rewards are influenced by the amount of Steem Power held by the voter. [5] [7] Steemit includes third-party applications, such as d.tube, a decentralized video platform based on the InterPlanetary File System (IPFS) protocol. D.tube is similar to Continue reading >>

New Digital Currency Steem Provokes Doubt Of Market Observers - Coindesk

New Digital Currency Steem Provokes Doubt Of Market Observers - Coindesk

New Digital Currency Steem Provokes Doubt of Market Observers While steem recently became the third-largest digital currency as measured by market capitalization, surpassing $400 million this month, some market experts are skeptical of steem and have expressed doubts about its economics. The digital currencys market capitalization surged in July, rising more than 2,000% from $17.9M to $411.9M between 04:14 UTC on 6th July and the same time on 20th July, CoinMarketCap figures reveal. The digital currencys price climbed more than 1,800% during this period, increasing from $0.24 to $4.63. For those new to the digital currency, users can obtain steem by posting content on social media platform named Steemit. When users publish popular content, as measured by upvotes, they receive steem tokens. By developing such a platform, Steemits creators have stated that they want to allow users to receive a reward for the content they create. "The concept itself is interesting, it is a Reddit and Quora mashup with a strong monetary incentive to produce good quality content," Joe Lee, co-founder and CIO of digital currency trading platform Magnr, told CoinDesk. "Whether steem succeeds as a digital currency will be more a reflection of Steemits success as a platform as opposed to the economics of the coin itself. This is a good example of a digital currency whose value will be closely affiliated to its utilitarian value as a social networking and sharing platform." While Lee offered some positive remarks about both the digital currency and its underlying social media platform, several market observers quickly voiced their doubts. Im skeptical about 'appcoins'/'appchains,' and Steem is very much one, stated algorithmic trader Jacob Eliosoff. "Its great to set up a site that rewards upvot Continue reading >>

Steem Soars 1,000%, Bypassing Litecoin, But Can It Work?

Steem Soars 1,000%, Bypassing Litecoin, But Can It Work?

Steem Soars 1,000%, Bypassing Litecoin, But Can it Work? Join our community of 10 000 traders on Hacked.com for just $39 per month. Steem, a new digital currency created to incentivize the use of Steemit, a new experiment in social media, has exploded in the past few days, taking third place after Ethereum, with a current market cap of more than $200 million, but can this actually work or is it just a fad? Ned Scott, CEO of Steemit, speaking to CCN described the platform as: A social media website built completely on the public Steem blockchain, which brings all the benefits of cryptocurrency and immutability to social media. Beyond that, users get paid to post and vote, similar to how miners are paid by Bitcoin. The platform has attracted increasing interest with now more than 2,000 active users posting and voting. In the past few days, it has begun attracting mainstream attention due to its experiment in incentivizing content production and voting (curation). It has even attracted a following with some users, such as pfunk , saying that they find the platform fairly profitable, fun, complex, [and] challenging: I think its biggest effect is that it encourages creativity with an interactive community and financial incentive. I signed up a week ago under aquentson to better understand the experiment and experience it first-hand. Although I tried to see if I could undertake some curating, I did not really find anything compelling, therefore logged out. The user experience leaves much to desire with the submission process requiring far more clicks than reddit and users unable to link a headline directly, but these UX problems may be fairly easy to solve. Incentivizing quality discussions in social interactions through money is a far more difficult problem. From a technica Continue reading >>

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