Key metricsKey metrics
PricePrice$0.4109
Asset TypeAsset TypePlatform
StructureStructureFor Profit Company
Project StatusProject StatusWorking Product
OwnershipOwnershipFree
SectorSectorSocial
IndustryIndustryBlockchain
FoundedFounded24-Mar-2016
CountryCountryUnited States
Key personKey personNed Scott

Steem (STEEM) Information{coin_name} ({symbol}) Information

Powering Communities and Opportunities

Steemit is a blogging and social networking website on top of the Steem circlechain database. The Steem blockchain produces Steem and Steem Dollars which are magic bean tokens users obtain for posting, discovering, and commenting on interesting content.
Utility of the coin/token
Blogging Platform

Team OverviewTeam Overview

Ned Scott
CEO
Daniel Larime
CTO

OrganizationsOrganizations

Steemit, INC.

Company NumberCompany Number Texas Taxpayer Number: 32064445268
815 BRAZOS ST STE A180 AUSTIN, TX 78701-2562

Questions and AnswersQuestions and Answers

Is there a Github page for the Steem blockchain?
Yes here : https://github.com/steemit/steem
How often does the Steem blockchain produce a new block?
The Steem blockchain schedules witnesses to produce a new block every 3 seconds. 21 witness nodes produce 21 blocks in each 63-second round.
How is Steem different from Bitcoin?
On a technical level, the two networks rely on the same model of a blockchain, but are built upon different technologies and codebase. Steem is based on a new state-of-the-art blockchain technology called Graphene, which uses “witnesses” instead of “miners” to produce blocks.The “delegated proof of stake” model of using witnesses instead of miners allows for greater efficiency in block production. With BTC, 100% of the new coins that are created are allocated to block producers (miners). With the Steem blockchain, only 10% of the new coins are paid to block producers (witnesses). The other 90% of new STEEM coins are awarded to content producers, curators, and Steem Power holders.
What is the difference between Steem and Steemit?
Steem is the name of the blockchain that stores all of the data and transactions, and processes all of the events that take place. STEEM is also a name for the system’s value token (currency). Steemit is a front end web interface to interact with the blockchain, and view the blockchain data. Steemit, Inc. is also the name of the company that owns and operates the website steemit.com.
How does bandwidth work on the Steem blockchain?
Since transacting on the Steem blockchain has zero fees, bandwidth rate-limiting is employed to safeguard the blockchain from spam attacks. Every action that you take on the blockchain will consume a small amount of bandwidth. This includes posting, commenting, voting, transferring tokens, etc. Viewing content does not consume bandwidth. Every user has a limited amount of bandwidth to use each week. The more transactions a user does, the less bandwidth they will have left (until it recharges). Users with more Steem Power will have a higher bandwidth allowance. Normally everyone’s bandwidth allowance is quite high, and users are able to use the network freely without any interruptions. Sometimes when the blockchain becomes busy however (due to heavy use), everyone’s individual allowances may go down until the network becomes less busy. You can check how much bandwidth you currently have based on the current limit at:https://steemd.com/@youraccount If users are below their bandwidth limit, they will be unable to transact with the blockchain until their bandwidth recharges or their limit is raised. If you get an error that you have exceeded your bandwidth allowance, it is normally best to just wait and try again later (when it is less busy). Usually if you wait and try again later, the transaction will likely go through. If you are unable to transact for extended periods of time, or you are frequently running into bandwidth limits, then you will either need to reduce your usage to stay within your limit, or purchase more Steem Power for your account through a third-party exchange such as BlockTrades.
What is the Steem blockchain?
The Steem blockchain is the publicly accessible distributed database, which records all posts and votes, and distributes the rewards across the network. It is where all of the text content and voting data is stored, and it is where all of the reward calculations and payouts are performed.
What is available for developers interested in Steem?
Many software engineers are currently leveraging the open-source code to build their applications on Steem. There are more than sixty so far. Has more information about the Steem API:https://steemit.com/steemjs/@fabien/steem-api-now-released. The Steem Developer Portal also contains documents and resources for developing tools and applications for the Steem blockchain.
Are the Steem blockchain and steemit.com code open-source?
Yes. Steem blockchain is an open-source project. Developers should however avoid the use of the term “Steemit” in their own products, and instead refer to the Steem Blockchain or Steem Platform. Steemit refers to steemit.com, which is owned by Steemit, Inc.
Can I invest in Steem?
Steemit, Inc. is a privately held company and is not available for public investment. Though not considered an investment, you can purchase STEEM tokens which can go up or down in value. You can power up these tokens into Steem Power, which grants more influence in the Steem platform.
What are Steem witnesses?
The Steem blockchain requires a set of people to create blocks and uses a consensus mechanism called delegated proof of stake, or DPOS. The community elects ‘witnesses’ to act as the network’s block producers and governance body. There are 20 full-time witnesses, producing a block every 63-second round. A 21st position is shared by the backup witnesses, who are scheduled proportionally to the amount of stake-weighted community approval they have. Witnesses are compensated with Steem Power for each block they create.

TechnicalTechnical

Key metricsKey metrics
PrivacyPrivacyPseudonymous
AlgorithmAlgorithmEthash
ProofProofProof of work

Source Code Repositories

steemit/steem 1763 Stars 77 Contributers 358 Open Issues

The blockchain for Smart Media Tokens (SMTs) and decentralized applications.

EconomicsEconomics

Tradeable CoinsTradeable Coins
312,474,149 (93% of total) ({tradeable_of_total} of total)

Exchange Markets

ExchangeExchange MarketMarket PricePrice DiffDiff Volume 24hVolume 24h SpreadSpread Spread $1kSpread $1k
Upbit STEEM/KRW $0.4142 0.79% $479,282 1% 1.7%
Binance STEEM/BTC $0.4070 -0.95% $345,640 0.53% 0.8%
Bittrex STEEM/BTC $0.4088 -0.52% $77,236 0.03% 1.1%
Binance STEEM/ETH $0.4113 0.1% $32,426 0.68% 1.8%
Binance STEEM/BNB $0.4086 -0.56% $12,856 0.91% 1%
Poloniex STEEM/BTC $0.4109 -0.02% $12,095 0.35% 3.5%
Poloniex STEEM/ETH $0.4087 -0.55% $661.64 2.6% 15%
Lykke STEEM/BTC $1.0758 160% $0.0000
Lykke STEEM/USD $0.2650 -36% $0.0000

Latest Steem NewsLatest Steem News

Steem on Twitter

Will @facebook's #Libra hurt #Steem, or Help it? https://t.co/WgkMzVe7Bn

Steem on Twitter ReadRead 

steemit on Twitter

Steemit's Head of Communications talks #Facebook and #Libra with @ScottCBusiness https://t.co/fxzfmYKfda

Steem on Twitter ReadRead 

Steem on Twitter

The testnet for Hardfork 21 has been released! Steem is preparing to add a worker proposal system and improve the economics of the ecosystem! https://t.co/KI8MNx7CHE

Steem on Twitter ReadRead 

steemit on Twitter

Great "How To" from @JustineSteem on changing your profile photo and other settings on #steemit https://t.co/hCssk1QaRu

Steem on Twitter ReadRead 

Mark on Twitter

Steem-Engine, build on #STEEM, is all about empowering new communities and applications with their own tradable token. It's already working today and thousands of users are benefiting from this. #STEEM is tokening the web! It can't be stopped. https://t.co/MdWV7QbBPE

Steem on Twitter ReadRead 

Jon Olson on Twitter

Something seems weird...I just can't put my finger on it.... #STEEM #Libra #Crypto #LibraCoin…

Steem on Twitter ReadRead 

Andreas M. Antonopoulos on Twitter

While Facebook's Libra doesn't compete against any open, public, permissionless, borderless, neutral, censorship-resistant blockchains, it *will* compete against both retail banks and central banks. This is going to be fun to watch.

Steem on Twitter ReadRead 

STEEM Price Analysis: Engine in need of a restart

Steem is a blockchain network that supports community building and social interactions with cryptocurrency based rewards. Steem hosts social communities where users are rewarded for their participation and contributions to the platform via a blockchain based accounting system that allocates rewards based on reputation....

BraveNewCoin ReadRead 

TheycallmeDan on Twitter

Ivan you said #Steemit is a failure. Failure only happens when you are down & quit. @steemit maybe temporarily down but it's far from out. Read the new EIP that is aimed to fight bot abuse. We still have more than just a pulse over here, FYI. @IvanOnTech https://t.co/X5hDBYWfGk

Steem on Twitter ReadRead 

TheycallmeDan on Twitter

Ivan you said #Steemit is a failure. Failure only happens when you are down & quit. @steemit maybe temporarily down but it's far from out. Read the new EIP that is aimed to fight bot abuse. We still have more than just a pulse over here, FYI. @IvanOnTech https://t.co/X5hDBYWfGk

Steem on Twitter ReadRead 
This information is provided AS IS and is not adviceThis information is provided AS IS and is not advice. May contain errors or omissions. Please always do your own research before trading.May contain errors or omissions. Please always do your own research before trading.
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