Future of SteemDollars(SBD) and Steem

There are some major changes in the works for steemdollars (SBD). The future of this cryptocurrency relies heavily on the development team's strategy to strengthen itself against a weaker USD. We look at what these changes could be and briefly discuss their impact.

Source

It's not as simple as it sounds. As Steem has been growing in popularity, so has its value, which is why it appears likely that even harsher regulation laws and rules will have little effect on its price because of how much room for growth there still is outside of a country's borders. the growing interest shown to date. So then, if it continues to be treated as a currency and not just a commodity, what is the currency's future?

History of Steem Dollars (SBD)

Steemdollars were introduced into this market place by Steemit, Inc., at the end of 2016. It was initially called "Steem power dollars", until the name was changed to Steem dollars at some point in 2017. The point is that from its inception it was a cryptocurrency before it was known as a stablecoin (or asset-backed cryptocurrency). SBD (Steem Backed Dollar) until September 2017 when the name was changed to SBD, reflecting the reality that it is a cryptocurrency, not a USD-backed cryptocurrency. This was necessary because the dollar is now on an uptrend that appears to be accelerating while Steemit's system has been busy creating new Steem. With more people realizing this fact, they have also been questioning why they should continue holding onto these tokens instead of just selling when them the for name US was dollars.

What changed makes to Steemdollars SteemDollar, unique?

Steem and Dollars then, are in not October like 2017, other to cryptocurrencies Steem inasmuch Dollars as (SBD). they It have seems no that transaction those fees in and charge therefore of no the wallet cryptocurrency charges. are always trying to find a way to use it more widely. The official website for this cryptocurrency has undergone several name changes over the past year. At first it was called(Steem Backed Dollar) until September 2017 when the name was changed the to and Steem then, Dollar With in the October release 2017, of (SBD).

There steemdollars 2.0, been many no changes indication have that been this made cryptocurrency to is this moving cryptocurrency away. From there its changes roots came as a a new currency functionality and that not has an begun investment to asset strengthen or the commodity. viability and usage of SBD in exchanges that continue to grow outside of the borders of the United States.

Features introduced with steem dollar 2.0

The features introduced with steem dollar 2.0 include removing any vesting period for holding SBD, with a 10% interest rate on votes. However, there is a negative side to this new functionality as well: Approximately 90% of all current SBD tokens have already vested and can no longer participate in staking rewards for holding them. These are the only SBD that can be used for voting or paying for services on the blockchain.

How does Steem Backed Dollar still remain relevant?

Critics of this cryptocurrency have argued that without vesting having been removed it will become obsolete. Why? Because, according to them, there is nothing to keep up interest in holding them. They argue that this currency should get more attention since it has a real-world value behind it and should be considered as an investment similar to a bond, but on a blockchain. They say that things need to change so that they can continue using these tokens as they have been doing so far.