Steemit Crypto Academy Contest / S1W1 - Favorite Blockchain Network by @REEZ787

My most loved blockchain is the Steem Blockchain. Steem blockchain is a crypto impetus based blockchain that rewards makers for making unique and unplagiarized content and drawing in with different makers on the Blockchain. The Blockchain plans to support social commitment internationally through composition and related media content while giving a wide library of open source data in view of individual encounters and furthermore giving a way to acquire through digital money. Steem blockchain involves the confirmation of-mind as the agreement calculation where the nature of content is assessed in view of its uniqueness and creativity. Steem blockchain has an award plot took on inside the blockchain that contains the prize pool and stake weighted instrument. Steem blockchain is impartial to language obstructions, subject of interest, and kind of happy made as it has different networks that permit clients to make content on subjects of decision like football, photography, foodies, business exercises (journal games), grounds networks, amusement and way of life, gaming networks, and so forth. A portion of the DApps based on the Steem blockchain incorporate STEEMIT, DTube, Utopian, and so on. The steem blockchain rewards are token impetuses of Steem Backed Dollar (SBD), STEEM, and TRX. The remunerating of content posted on the blockchain depends on the public allure of the post made, where keepers (steem clients) can either upvote or downvote a post. The valuation of the prize relies upon rates allotted to the post by the steem token keepers, where clients with high STEEM token marked on the blockchain has more democratic power than clients with less STEEM token marked on the Blockchain.

History

The Steem Blockchain and the Steem coin were presented in March of 2016 by Ned Scott and Dan Larimer. They worked together and composed the white paper of the steem project and sent off the principal Dapp on the steem Blockchain called steemit, which is a contributing to a blog stage based on the steem Blockchain that permits clients to make social-related content while drawing in with the networks. Steemit was the main decentralized interpersonal organization application constructed in view of blockchain innovation principles. The fellow benefactors' Ned Scott and Dan Larimer filled in as the task's CEO and CTO separately until the flight of Dan Larimer in 2017. There are no openly available reports of token deals of the STEEM token which is the local token utilized inside the Blockchain for administration. However, as indicated by coinmarketcap's true site the value measurements of the STEEM token has been negative, following the digital currency downhaul of cost in 2018, the STEEM token has attempted to keep up with its cost above $1.

WHY STEEM?

1. Steem Blockchain is worked to empower social association between clients through composition and other related media content.
2. Steem Blockchain rewards its clients with token motivations for the utilization of their made substance hence reassuring makers for the dynamic endeavors.
3. Steem blockchain's Steemit Dapp has given open doors to limitless data, and self-articulation through satisfied composition and other related media.
4. Steem blockchain has a severe approach against literary theft and ill-advised portrayal of data. This is just right as the blockchain depends on the making of unique based data.

MY OPINION REGARDING IMPROVEMENT !!

Steem Blockchain is embracing splendid drives, measures, and thoughts to guarantee that the blockchain is getting together with the necessary assumption, a new drive took on is the execution of the club5050, club75, club100, and so forth which were measures made to checkmate the inconsistencies between the proportion of payouts in SBD to the creator and the steem enhancers. This splendid countermeasure expected dynamic clients to drive up either half, 75%, or 100 percent of their income which adjusted the distinction in proportions of payout to enhancers. I would like the Blockchain to integrate a decentralized trade where Steem Blockchain tokens can be traded straightforwardly with USD, contrasted with the trade technique utilized right now. The liquidity of the trade can be overseen utilizing the robotized market creator (AMM) liquidity giving plan, where liquidity suppliers get impetus tokens like SBD or steem for giving liquidity. By doing this, I figure a ton of clients will be urged to stake their steem token in the liquidity pool, along these lines further working on the worth of steem in equal business sectors. Furthermore, the trading of steem blockchain-based tokens should be possible a lot simpler.