- Share about steem blockchain best features in your own words
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Steem blockchain is designed specifically for content creation and social media platform that supports decentralized applications which steemit is the popular (DApps) created on steem blockchain. Steemit is created as a social media platform that allows users to create post, curate, and engage with content which has vast features that make it the best in the world. Below are some of the best features that I can talk about.
Top 10 Best Features of Steem Blockchain
Fast Transactions: Steem blockchain is known for transaction speed with an average block time of 3 seconds, making the blockchain one of the fastest blockchains for microtransactions and social interaction. If I should transfer my STEEM coin now into my Binance account it wouldn't take up to 2 minutes for me to receive the funds.
Free Transactions:, Unlike other blockchains that do charge fees for transactions, Steem blockchain doesn't require transaction fees when sending or receiving Steem it is usually free for Steemian to transact without worry about gas fees.
Rewards System: Content creators and curation are awarded Steem coin, SDB, etc for their contribution to the platform which is so unique. Also, rewards are distributed based on community voting, ensuring value is determined and shared democratically.
Delegated Proof of Stake (DPoS) Steem blockchain uses a DPoS consensus algorithm, which is energy efficient and allows users to stake their Steem coins to participate in governance.
Scalability: Steem blockchain can take care of a high volume of transactions per second, making it very suitable for social applications with large user bases.
Decentralized Social Media platform: Steem blockchain power platforms like Steemit and others which in Steemit users own their data and censorship is reduced compared to traditional social media platforms.
Built-in Economy: Steem blockchain supports many token systems including STEEM, Steem Power (SP), and Steem Dollars (SDB) offering users flexible earning opportunities from staking and trading.
User Empowerment: Voting power is distributed through Steem power and the blockchain ensures that users with high voting power earn more.
Integration With DApps: Steem blockchain supports many decentralized applications like Steemit, Dtube, and Utopian.
Community Driven Development: Steem blockchain encourages developers to create DApps and tools on the blockchain for fostering innovation and growth within the Steem ecosystem.
I am inviting; @dave-hanny, @joan-na, and @woka-happiness
Cc:-
@khursheedanwar
Good luck to you
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