Yesterday, for the first time in history, two blockchain protocols each surpassed 1 million transactions in a 24 hour period. One of those was the Steem blockchain which processed 1,022,251 transactions. The other was Ethereum which also broke the 1 million barrier, but struggled to handle the load, using over 60% of its network capacity. Meanwhile, Steem didn’t even come close to cracking a sweat, using only 1% of its overall capacity.
More reasons why Steem is awesome
- Steem is an open source blockchain protocol that any developer can leverage to build social applications that reward users in cryptocurrency
- Reward splitting enables developers to immediately generate revenue by redirecting a percentage of the STEEM distributed through their application to themselves
- Real-time Zero-fee token transfers enable microtransactions, frictionless interaction, as well as lower cost products and services
- Steem is a distributed database capable of storing large quantities of content
- Steem leverages the wisdom-of-the-crowd to distribute cryptocurrency rewards in a fair and transparent manner
- High levels of usability and security through a hierarchical private key structure
- The ability for multiple people to control individual accounts (multi-sig authorities)
- A rewards pool filled by algorithmically generated tokens that incentivizes content creators without introducing friction or cognitive load
- User-chosen account names replace the difficult to remember (and hard to type) wallet addresses used in other blockchain protocols
- Built-in escrow payment support enables the exchange of goods and services with a trusted third party intermediary
Learn more
More information about the Steem blockchain and all of its features can be found in the Steem bluepaper.
Taking Steem to the Next Level: Smart Media Tokens (SMTs)
In early 2018, the Steem blockchain will be launching “Smart Media Tokens” (SMTs) which will allow the developers of content platforms and communities to launch their own customized Proof-of-Brain tokens, with real-time zero-fee transfers, on the Steem blockchain. Along with built-in smart contracts that enable fundraising opportunities like ICOs and Founders Tokens, SMTs will allow anyone to instantly tokenize their platform and bootstrap the value of their coin by leveraging all the lessons learned from Steem and steemit.com. More details can be found in the SMT Whitepaper.
Where we are heading
The revolutionary and totally unique proof-of-brain rewards system offered by the Steem blockchain and token are designed to make Steem the ultimate on-ramp into cryptocurrency for mainstream users. The performance and scalability of the blockchain is designed with widespread mass adoption of the currency and platform in mind. When combined with lightning fast processing times and fee-less transactions, Steem is positioned to become one of the leading blockchain technologies used by people around the world.
Thank You
Achieving this milestone never would have been possible without the amazing Steem community, including but not limited to; the witnesses, 3rd party developers, our amazing content creators, and users. Thank you for making this the most heavily utilized blockchain protocol in the world!
Team Steemit
Woohoo!
Just FYI, we'll be soundly beating that record again today, along with Ethereum's record. This is the status of transactions today with over 3 hours left to go:
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WOOT
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But the big difference between the two is security. Eth network is 100x or maybe 1000x secure than steem. It is totally decentralized unlike steem which has a huge amount of premined coins that could be dumped in any moment.
Steem inc and the founders have complete control of the blockchain because they own about 40% of the Steem. They could use it to vote on witnesses who shill for them and do exactly what they want. (Just like facebook.)
They can also crush new investors by dumping huge amount of steem in the market. That is not going to happen with ethereum.
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81% of the block production for ETH is controlled by 5 mining pools...that is not the picture of a blockchain that is "totally decentralized".
https://etherscan.io/stat/miner?range=7&blocktype=blocks
As far as the possibility of Steemit Inc to dictate which top witnesses get elected that is a possibility but so far the stake in the @steemit account (which has about 75% of their total stake) has not been used for that purpose.
For Steemit to dump their stake on the market they would first need to power down. That will take 3 months to accomplish...no one would be taken by surprise.
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That's a strawman argument. Pools don't control the mining rigs. If pools try doing something bad, the miners can simply switch to another pool or make their own pool.
And pools definitely can't just split the chain or make hardforks out of the blue like in steem where 20 people have that power.
Both dan and ned have powered down a lot of SP. And they can power down in 7 days a huge amount of SP which if dumped will crush price to 50 cents or less.
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Block production is not a straw man argument. % of block production controlled by # of entities is the most important measure of centralisation by far as it determines the power to make changes to the blockchain.
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This isn't true in Steem either. Nodes will reject blockchain forks that roll back anything further than a few blocks. It takes consensus among both economically significant nodes and block producers to fork, just as it does in Bitcoin and Ethereum.
Objectively it takes a smaller number of entities to fork or 51% attack the Ethereum network than Steem.
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People will always use the node that is used by steem inc because they are the ones running steemit. The primary gateway.
There is almost no other alternative.
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congurlation. thank you dear @steemit. I'll be glad if you see my blog, may bee usfull for people. mery chrismass
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I don't see the fact that 5 pools control which version of the software is used as a strawman argument. It is what it is. In the case of steem 1% of the accounts control the witness list...that is also a fact.
As it stands right now I don't see ethereum as being 1000% more decentralized than steem. Sure hypothetically the mining rig operators could switch pools but they don't the same way that other big stakeholders in steem don't vote for witnesses to fork the chain.
As far as Dan or Ned crashing the price I just don't see it happening (It would be more in their interest to sell gradually over time). While we are at it I would not include Dan and Ned in the same conversation (it's no secret that they don't see eye to eye since Dan split from Steemit Inc.)
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Sorry, not 1%. It is 0.001%.
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Etherium is not even started as mineable crypto, it began with crowdsale like ICOs and therefore, ETH corp have tons of cash from the initial sale which is no different from Steemit Inc having large holding.
Every coin has large holders through initial mining or crowdsale. Not to mention of Satoshi or Satoshi Lite, Charlie Lee of LTC. When people can mine with low difficulty, having 100K BTC or 1M LTC at initial stage does not matter. Moreover, more than the current amount of STEEM will be distributed in next 20 years to the users/miners which is very different distribution and fairer than BTC, LTC and ETH.
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Most of the reward pool is actually going back to the early miners or investors because of their high stack and circle jerk + vote selling.
So, miners are going to get very tiny amount of that and most of it will go to 0.001%.
Did you know that 6.7% of reward pool is going to the pockets of one person? Do you know who that person is?
Do you understand that your assertion looks like a complete piece of joke?
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@haejin, it is due to one whale @ranchorelaxo voted him with 1.34M SP VP several times. This is not a joke, it is evolving consensus or random act. It is an experiment where it was assumed that good whales will counter evil whales. It is hard to satisfy all the biases of human behavior ( circle jerk + vote selling). But it is better experiment than wasting energy equivalent of a country (e.g. BTC, ETH) through PoW mining. The VP in DPoS is incentivized for curation, however, the rules for VP can always be changed in future HF when consensus will arrive for better.
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Satoshi also holds a ton of BTC, and could cash them out at anytime too..
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Did Satoshi just take a dump today?
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Corrections are natural and healthy :)
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The comparison here is actually between steem and ethereum. And I have said it before and I will say it again, bitcoin is a shitcoin now. The fees are insane.
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Haha! Proof that you don't know what the hell you are talking about. EVERYTHING is riding the Bitcoin wave.
Don't get me wrong. I am bullish on Ethereum. You don't gotta come in here talking BS about Steem though.
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bitcoin is a shitcoin hahah :) satoshi will never do that .
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The main point is that the fear about founders (or any large investor) cashing out their stake is of course always a concern, but it really only matters if they actually dump their stake. Dan and Ned have had plenty of opportunity to dump, but history has shown that they seem to be more interested in taking out small amounts over time in a way that doesn’t crash the price.
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What Tim Cliff said above. Satoshi holds the majority of all coins/wealth of Bitcoin. He never burnt them off.
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Lol. Noobs ....
He doesn't even hold 10% of bitcoin. You are lying.
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if its not gaming you can't call somebody a noob >.>
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Lol, no wonder they call you "little" boy :P
Yes, actually he does hold a shiton on Bitcoin , yes, or no little boy ?
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the pools still have options. They can do it quickly, or do it in the background.
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They could power down and crush the price, but why would they do so without any reason. Why would some one build a business just to destroy it one day. I have seen many websites and businesses go down, but never seen anyone destroy their own business intentionally.
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I think that only dan has powered down a lot, ned doesn't seem to have, unless you're talking about a different account he might have?
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To add to your point, its advisable to invest in smaller coins with a moderate amount. Steemit coin is only going to grow. As at today one steemit coin on coin market cap is $3.09, now Imagine investing 100 - 500 usd and leaving it for 6 months (that's money we use for things we don't need anyways) . After 6 months or 1 year that steemit coin would have grown to 20 usd worst case scenario. That's some good money. That's being smart.
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still the pool have a lot of people behind them so they can join another pool, not like Bitcoin. Is it more decentralized than dPOS based Steem? I don't know but steem would have a hard time recovering from a shutdown of the top witnesses. And voter apathy is worst than what people think.
Overall I don't think any cryptocurrency is as secure as they usually claim. I think the attacks are way cheaper than what they think and if it gets to a confrontation with governments or banks or any real power, we would loose.
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Actually that is a non-issue. If a top witness goes down there is a big list of backup witnesses that can fill the void in a short period of time.
A real concern would be if the witnesses have there nodes setup on the same vps providers. In that case the blockchain can be crippled if let's say a government targets the data centers where the servers are housed.
Because the majority of the hashing power of the mining pools for Bitcoin & Ethereum comes from china both coins are not laying on a bed of roses. It would just take a political decision from the Chinese government to shutdown the mining farms (or worse bribe them or coerce them to act for their own selfish interest)
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I understand your point. This is why I am a bit reluctant to use privex. I don't know how many witnesses use them.
What I meant was more like say the 40 was down. Are the rest that ready to take over and support this charge? I am not so sure. Also witnessing means having one node doing the job so more chance to be taken down. Actually, as a witness not in the top, it makes sense to attack and try to deactivate the other witnesses.
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Agree, but it's not that big of a problem. Whales have much more incentive to get steem to a very high price than us.
They are the most incentivized to promote and work for steem. They are already wealthy, now imagine steem goes to 100$. Wouldn't they want this?
Our objectives are aligned with theirs, which is why we can trust them.
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sure it is 40%? that's already better than I thought. I've seen other people claiming it is up to 93%!
In any case a burn of half of Steemit Inc 's Steem Power would help Steem fly and become more decentralized....other Blockchain companies did it and it helped prices skyrocket. Usually when the devs keep more than 25% of the supply it is frowned upon...
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I am talking about what is publicly known. There are some unknown whales which are either early investors or part of the team that made steem.
I also excluded @blocktrades @freedom etc whales.
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What would happen if a country like China decided to make a crypto currency and got rid of there fiat currency do you think any of the crypto currencies already established could withstand that? Not to mention what if a group of countries made there own crypto currency and replaced paper currency could any crypto currencies withstand that? I would not think so and all the currencies and ways to use them we have now seem like a prelude or experiment in how or what the elite will need to do to strong arm the crypto currency market!
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Hi. You make some interesting points I'd never really thought of before.
Thank you.
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i also had a concern about how much influence the whales have. could it use it to benefit themselves at the expense of the community?
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They are already doing it.
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@littleboy ....Yeah... good point.... I'm anxious to see who's going to be using EOS when it hits the market as an open source in June. That will be really interesting... I'm holding my breath... It will have the speed of steem and the security of Etherium. 100,000 T's a second and solid as a rock!
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I bought EOS in August, was my very first invesment, thank the Cosmos I HODL all the way even when it touched .50 having bought above 1, is by far the best investment... well second after ADA, so I have security that this project will be huge. Also ADA. I still think Steem will have a fair share of market if it goes mainstream. I am not planning though to buy steem since I think as you guys said before, a whale could drop the price big time.
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EOS is going up fast! I see an explosion!
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Yeah, great points, still all in for steem though. Transactions per day Network Loading
will just grow in 2018.
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To add to your point, its advisable to invest in smaller coins with a moderate amount. Steemit coin is only going to grow. As at today one steemit coin on coin market cap is $3.09, now Imagine investing 100 - 500 usd and leaving it for 6 months (that's money we use for things we don't need anyways) . After 6 months or 1 year that steemit coin would have grown to 20 usd worst case scenario. That's some good money. That's being smart.
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Care to explain what you look at when you assess the security? money wise?
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Meanwhile Bitcoin is trying a new alternative to Lightning: #PROOFOFWAIT
https://steemit.com/bitcoin/@rockwellontherun/from-the-makers-of-bitcoin-waitcoin
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Steemit is the Future of social media. Love to be part of it.
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Where do you find this? Link please :)
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Congrats! I'm very happy to be part of Steemit and the awesome people around here.
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Great news! Very happy to be part of this community early(ish) on and see where we can go!
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Hi @demotruk. Thats great news for every stemian.
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@demotruk Yet, I believe this is just the beginning! There's plenty of room for exponential growth for Steem! Zero fees, almost instant transactions, already handling more transactions per second than BTC and ETH combined. 2018 will be Steem's year. Steem to the moon!
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ETH running at 63.59% capacity
STEEM only at 0.36%
http://blocktivity.info
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Likewise. Glad to see Steemit has plenty of room to grow...
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True lot's of room for steem to grow
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AWESOME
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Hi @demotruk. Steem is really successful cryptocurrency and Now I am Happy to see that is Steem blockchain breaks 1000000 transactions. That's amazing. Nice post about steem. I like to read article about Steem. Thanks for sharing this valuable post.
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Yes, this has been winning all kinds of business for Dan's real time block chains. BitShares and Steemit have held the records for months and Ethereum just joined the Million per Day Club for the first time, breaking quite a sweat to do so.
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As Steem grows we’ll be putting up better and better numbers. Soon no one will be able to deny the transaction speed! Seriously 2018 is going to be our year :)
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looking at this chart it seems like i am not investing my time in the wrong place.
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Thank you for the amazing work and vision.
I have a question. Are Communities still a top priority for the Steemit team? Or are you planning on implementing the Communities functionality after the SMTs?
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Our pleasure! Development of communities is going well and is absolutely a priority. It is being developed in parallel with SMTs. The team is very large now with multiple teams working on various aspects of the platform.
Community Liaison, Steemit
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It is great to hear that it's still a priority! I'm really looking forward to seeing how the blockchain will evolve when communities are launched.
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Very good news. I would like to start a community for adhd and neurodiversity. I was wondering, if Appics is going to handle this or the steemit.com world. Or both ?
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What is neurodiversity?
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Being different in a special neuropsychological way. ADHD, asperger, high intelligence etc. Very bright and sensitive people.
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Gotta love the super fast replies to go along with the network! Keep up the great work and innovation SteemTeam!
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Happy to know that steemit team cares about the opinion of the community members.
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Very good question. I'm wondering whats going on with the SMT. I cannot wait to see what cool things come out of this!
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Out of curiosity, what would it look like for "steem to break a sweat?" When a mining-validated chain is under heavy load, we feel it because transactions take forever to confirm, transaction fees are high, etc.
If Steem were under heavy load, I assume the primary way this would be felt is that people would hit bandwidth limits sooner and lots of small accounts would be entirely excluded from participating in the chain. Would there be other symptoms as well?
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There are several different metrics as far as blockchain performance. Just in terms of pure number of transactions, the blockchain software can handle significantly higher volume than what it is processing today (many magnitudes more).
The blockchain does enforce bandwidth requirements on users though to prevent one user from overusing the resources of the system. This limit is controlled by a configurable parameter, which the witness have the option to adjust. Users with more SP (users who are more heavily invested in the network) will have higher bandwidth limits than users with less SP.
There are also memory and server requirements for node operators (such as witnesses, and ‘full node’ operators). As the blockchain holds more and more data (mostly content) these requirements do go up. This is not really a concern for the average users though (the people using the platform) as they don’t really care about the requirements for us to support the network - they just care if they can use it.
Even though the requirements have been increasing, they are nowhere near what is required to keep the Bitcoin (and other similar coins) mining operations going to continue supporting those networks. The Steem blockchain is processing far more transactions than BTC, and doing it much more efficiency than both BTC and ETH.
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Quoting you below then this place should be worth a lot more than today, hopefully the markets will realize this and raise it !
"The Steem blockchain is processing far more transactions than BTC, and doing it much more efficiency than both BTC and ETH."
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This is a good question, your assumption sounds reasonable. I hope someone can point to a post or provide more information about what the steem experience would be if it were "cracking a sweat"
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At current capacity Steem could handle around 290 million tx per day according to Block'tivity stats. This would put Steem behind by a factor of 11 in terms of it's ability to handle facebook-like activity at present 3.2 Billion likes and comments per day.
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I imagine that if any blockchain-backed decentralized synchronize database messaging system ever got close to being taxed by carrying Facebook-like activity, we'd see migration to a newer, faster – or at least better backend-supported database solution.
That is, after all, what we're talking about – a distributed database with replication which covers keeping track of all the usual things that a forum/social network has to keep up with as well as token transactions.
Or, more succinctly, "if that ever seems to be a threatening situation, I feel pretty secure that some solution will be found by then, because it's going to be a long time before that's an issue."
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If we even get close to such activity, Steem makes it completely trivial for the top witnesses to come together to decide to increase the block size.
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Magnitudes better than Waitcoin
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If that is the case as compare to BTC and other crypto, that is really good to hear. yahooooow...
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Woot! Steem is on a roll.....it's STEEMrolling the competition!
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It is great to see Steem taking off!
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We just need the world to know that there is a blockchain that works better than most of the big names. Free, cheap transactions should be what people want. At least the Steem price is rising, but that's without much publicity. I look forward to big things next year.
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I agree, ive been here since summer and already im super excited for the future.
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Let's make Zuckerbook the next MySpace!
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This is so important, we ALSO just hit $4 Steem price and over $1 BILLION US dollar Marketcap for the Steem Blockchain PLUS around $50 Million about for the SBD marketcap!
Steem is the FASEST blockchain with the MOST transactions and can handle the MOST users and soon we will also have POW account creation and we will be able to handle billions of new accounts/wallets so opening a Steem Wallet on a smartphone will be as easy as opening a bitcoin wallet so we can totally start pushing steem/SBD as alternative to slow Bitcoin! in fact SBD can be seen as having LOWER supply and thus MROE rare and MORE valuable than BTC but with ALL the advantages of steem like high Speed and super scalability but ZERO transaction fee versus Bitcoins $10 transaction fee to wait hours even a DAY or two!
SBD/STEEM can go in 30 seconds for FREE
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This is not the first time that the steem blockchain broke the one million transaction mark. Back when the DDOS attack was in full was the first instance it did.
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It's good sharing!! I agree Steem is awesome :)
I am kr-newbie and live in South Korea. I will follow you. Let's share good information and photo and so on.
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waoo this is really amazing
Bitcoin will break the thrash of 300,000$
https://steemit.com/bitcoin/@sherrya/analyst-predict-that-bitcoin-will-hit-300-000usd-to-400-000usd
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This crypto mania is all sorts of crazy! Thank you for this post!
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Would you like to tell us something about Hardfork 2.0? Do we have any possibility to meet it this year?
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Steem is really rocking it! Here's to the next 10,000,000 Transactions!
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This is awesome!!!! It's amazing what this blockchain can do compared to the rest of the world out there. This place is a hidden gem that won't be hidden much longer. Just glad to be a part of it!!! Steem On!!!!
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Yep, still a hidden nugget in the interwebs. When I talk about Steemit to family and friends, they look at me like im some sort of Alien.
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I know. "Steamwhat?!?!?" lol It will take a while to start cracking into the Facebook world but it's coming....
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Amen!
Community Liaison, Steemit
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This is great news! I am excited and thankful to be a part of the Steemit community and part of the blockchain here. I have been reading a lot of material on how Steemit's blockchain is more efficient than the bigger names as someone mentioned and I have to agree, especially when considering how many unconfirmed transactions are over on the other sites. I have faith in this platform and hope to hear about more progress as time goes on!
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Gave you a 100% upvote for being Thankful, you are SO RIGHT. We are truly blessed to be a part of Steemit so early on!
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This is my first Reply, LOVIN THE VIBES on Steemit!
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Congratulations on your first reply. If you reply to this reply, it will be your first reply to a reply to your first reply, although you should rather reply to andrarchy's reply because then it will be your first reply to the first reply to your first reply:)
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Welcome! Thanks for contributing!
Community Liaison, Steemit
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This is wonderful news, hopefully before the end of 2018 steem will record 10 times the current transactions that's been recorded.
This is not baseless hype, I'm saying this because I believe so much in this platform and the potential it offers... GO steem
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Crazy ass platform ❤
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Where we can read and check all the transations?
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The Steem blockchain is amazing and totally undervalued IMHO.
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I totally agree, can't wait for celebs to join and really rocket this site as the new Social site to be a part of.
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Wow! More and more signs that blockchain technology (and cryptos) are getting big.
The other week, I was amused by the fact that the "crypto kitties" practically brought Ethereum to its knees... while the same load would have taken about 1% of our capacity, here. In thinking that through a bit further, it also points to how only Steem/Steemit has (currently) the potential to truly be "the people's blockchain." Pretty much any other system would struggle under the load of "popular adoption." That's another WOW, right there.
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Well said!
Community Liaison, Steemit
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Another reason why the Steemit block chain can really help in the future with SMT's. Can't wait to see what comes out of that.
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So, is Cryptokitties still a thing or is it old already?
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Steem has a lot of things right and I remain hopeful, but prevalence of kickback rings in operation harvesting the reward pool with spam suggests that the 'revolutionary and totally unique proof-of-brain rewards system' could use some attention.
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Ironically, the proof of brain system requires som proof of brain to function perfectly;)
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I guess it works to prove the absence of brains also. There's so much money being thrown at Steem now, without much apparent effort to direct it to real growth and away from those who just want to kill the goose that laid the golden eggs.
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This is really very exciting news.
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Great achievement!
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Related: Crypto Selling Points
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I can't believe how well Steem is doing right now! Thanks for the info!
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Shared to my Steemit Facebook & Twitter Group👍
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Let this sink in...
STEEM on the same level as Ethereum with transactions over 24h - the only difference: Ethereum has about 100x the market cap of STEEM.
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VERY FUNNY
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I love STEEM! Steemit is such a great and kind community! I'm proud and honored to be a part of the steemit community! I'm telling everyone on this planet about steemit! Two thumbs up! :)
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Me too! I've brought dozens of people here with my off steem postings.
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Thank you for your service;)
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I have a feeling that I read the same post for at least three months in a row. We expect some news. No offense here. Just my observation.
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New people coming in everyday, can't assume the same people are always here.
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Both STEEM and SBD are flying high because Steem has got those wings.
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I hope that Steemit Inc. distributes a good chunk of its Steem and does a massive amount of marketing when we leave beta. Steem Super Bowl ads, sponsorship of World Cup events, a hundred meter tall LCD display in downtown Shanghai. Think big.
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tweeting this for more people to read about steemit. Removing some downvoters and applying a screening to new bots would be welcome though.
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Great job now let’s get these communities working and watch this thing take off!
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We are better than the most available cryptos but we are not listed in the most trading markets beside that some markets decided to stop the deposits/withdrowals of Steem/sbd maybe this is a mechanism made by the steem-dev to control the price of sbd but this is not the best option why !? People/traders will just buy steem/sbd to move their funds from market to another one in no time 3s and no fees to benefit from the difference of prices between the markets then the price of both steem/sbd will reach the moon in no time .
so can we see in the future a post that explain the reason behind this and ask for the users to vote for steem/sbd to be listed in this markets and thank you .
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Very nice. Need for more nodes?
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I like eth too. Its nice to see 2 of my favorites are leading the way in transactions
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Finally some big action. Awesome!
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This is amazing! Another reason why I'm on Steemit!
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I'm very happy to be a part of this community! I think the best part is being able to have honest discussions/debates and waking each other up☀️
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Yahoo! we all contribute to achieved this milestone figure in blockchain.
Very very big congratulation to all.
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Lol, I had almost forgotten about yahoo
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I'm new to Steemit. Joined today. First article I read, and sounds quite the party. I'm glad and felling good for the platform. TAKE ME INTO YOUR COMMUNITY. I'll be good. :D :D
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Well because your new i upvoted you just to get you excited, hopefully others will help you out, i'm 12 days in myself and i am liking it more and more. Game on.....
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Because you upvoted someone new just to get them excited, I upvoted you;)
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thank you sir. i'm having a blast here so far
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You're welcome:) Keep enjoying yourself. That's what it's all about!
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Congratulations to Steemit for breaking the millionth transaction in 24 hours!
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Good to know that the Steem engine still has a lot of head room as far as network capacity is concerned. I look forward to this site (and STEEM in general) to take off.
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I really think 2018 is going to be huge for Steemit, buckle up!
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"The steem engine" sounds so old fashion, yet so modern at the same time;)
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And STEEM is the most active blockchain available, even more than ETH and BTC.
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Can't wait for them SMTs! They will be a gamechanger.
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I've been saying the same thing. The funny part is something cool and exciting will come out of the SMT's that NO ONE would of thought of im sure.
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I know. Which is why I am eagerly waiting for this.
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Very cool. Exciting to be a part of something that's growing so rapidly. Keep up the good work, to everyone involved in developing, as well as the other users.
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Its growing so much, very fast. SBD going up like crazy was something, I think we are in for a great ride into 2020.
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awesome! this is getting exciting
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$100 for 1 Steem within a year! $10 with three months!
Most wallets = #1 cryptocurrency and this confirms that is where we are going!
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you had predicted the rise of steem, thanks for the advice
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This is a huge milestone for Steemit. Makes me excited to have gotten back on this platform. The technology behind this blockchain is amazing
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I'm so proud of it, Steem on!
we'are changing the world.
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this awesome news. all thanks to the developers and contributors who put in great effort to make this possible!
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What a great post and great news thanks for sharing
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I can't believe we're still at 1% utilization. That is quiet exciting.
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Steemit is my top site! Hope it ruins FB and Twitter. New ages are comming! Our lasted time on social will cost something :D
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If Steemit allows for group in the future, Facebook will be useless, or, well, at least for me. Groups and Messenger are the only things keeping me on Facebook.
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hey iam trying to contact steem team on this email [email protected]
but i didn't get any reply , i want to help translate steemit to arabic , i already translated busy.org and the steem bluepaper
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Good luck to you, I hope someone gets a hold of you soon!
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thanks good luck to u too
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That's the best news I've heard all day, and it's been a good day!!!
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I love these blog posts as its hard to find "from the source" info daily. Thanks for the comment.
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Great to see steem is reaching one milestone after another. I can't wait for what the next year will bring.
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I really do think 2018 is going to be the biggest yet for everyone here!
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I think it's a very good platform and it's worth it even more
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Its one of the best new social platforms to come out in a long while, Thanks for being here!
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My pleasure
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Congratulations to steemit. Even me i actually noticed a lot of new users. Nice.
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Me too, I tell my friends everyday about it. Some still look at me funny.
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congratulations , but if we only used 1 % does that mean most witnesses are doing nothing at all ?
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The witnesses do a lot more than process the blocks, but we would be able to handle a lot more transactions than what we have today.
The memory requirements to run a witness node have increased (and will likely continue to do so) but we are keeping our servers up to date with the latest requirements.
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No, they are doing what is needed. You are thinking presence-tense those nodes will be needed to scale in the future.
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This is huge. It means steemit can scale more than Bitcoin, Ethereum and Litecoin combined. Cheers to the developers of steemit.
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weldone for your success this is really a brilient idea
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this is really amazing,, Steem is breaking record here indeed
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To the moon! :)
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Just got on the steem train myself bought some steem and powered up looking forward to how this plan's out
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I almost have "it", almost..:(
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Wow... This is so amazing
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Wow that sound very cool
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很棒！！！
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Very cool and being new to this platform it is my favorite crypto after Bitcoin. I like Ripple as well but see Steem as a wave that can change social interaction. Facebook has a lot of unorganized posts and I love that there are topics you can check out without following people. I tell everyone I know about Steem and hopefully, they will check it out for themselves. Great post.
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Welcome, I'm very new also. I can't wait to see what steemit looks like a few years from now though! Very exciting🌞
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Wow 😀 I can’t wait to see how the Blockchain grows and evolves in the future
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So Interested in the future results, nice to hear that 1,000,000 transactions are only a percent of our transaction capacity !
Everyday here on steemit is fun and so informational.
Thank you for this great post.
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great :)
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That's an awesome news for all of us! Great great day :)
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great work team. loving this community
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Hello @steemitblog
knowledge post ...
waiting for “Smart Media Tokens” (SMTs) ..
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Resteemed. Hoping you'll enjoy our work over at @thedailyleek
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What happens when the upvote has crossed out the $ amount?
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I believe it means that the post was created by someone that has the rewards setting set to "Decline Payout". I would imagine this is typically done by developers of Steemit that are more interested in distributing info, rather than collecting rewards.
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Spot on!
Community Liaison, Steemit
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Chalk one up for the good guys! One question though -- when setting to "Decline Payout" does that only decline the Author Reward, or the Curator rewards as well?
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Great post! Excellent! Great advice! Two thumbs up my Friend! I am still working on my first post. I need to post something positive and make others happy. Positive energy! Wishing everyone the best of health and happiness!
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🙏Welcome, I'm new here too. I need to do the same: my first post and profile picture... been slacking :/
But thank you for the great vibes! Merry Christmas🎄
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Congratulations! I haven't been here for too long yet but I have enjoyed every second sharing my content on this platform! :)
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Same here! What are some of your interests that you may be posting about?
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good think
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I cannot believe how much crypto is taking off and is something I'm so happy to be starting in and hopefully helping develop it further.
Check Out My Blog Here
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looks like December 2017 will go down in history for being the best month for cryptocurrencies. A lot of people including me became interested in it. I know there are others who can agree with me. A lot of currencies grew 3 folds in just few days.
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A rising tide lifts all boats.
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Think there is a storm coming?
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I feel the growth... I really felt it after I hadn't logged in for a while and realized how much my balance was worth... Since then I have considered it a part time gig... staying involved, posting quality content, paying it forward, and telling all my friends about how easy it is to get involved. I easily have about 100+ views a day on my snapchat where I post my daily earnings. I encourage everybody to do the same. Quite revolutionary and it's great to be on the leading edge!
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That's great your are spreading the word, I'm trying to do the same!
Any recommendations for a steemit newbie? Positive interactions you've had with friends who are becoming interested?
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I enjoy showing people my steam wallet. And then I usually just explain it as a reddit that rewards curators depending on how many upvotes they get.
I definitely focus on encouraging all my creative friends to join. Creativity is key to standing out.
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Money talks, bullshit walks! (As my grandpa would say)
Thanks for the tips🙏
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Stable Blockchain concepts can definitely result in some of the crytocurrencies which may touch bitcoin or even cross it by 2022, I surely think this is one of them. ✌
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Any recommendations for other blockchains to look into? I feel very lucky to have stumbled upon this community!
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Congratz Steem platform!
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Very nice achievement and shows the hard work is paying off. You all should be proud of yourselves and I'm happy to join this community and hopefully be able to contribute in my own humble way. Thanks for the information and again, congrats and keep it up!!!
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Good Post🌹🌹🌹
https://steemit.com/@shanto24
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Hey @steemitblog you might want to get a profile picture?
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I need to do the same🙄 Any recommendations for completing my profile?
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Well said, @steemblog, Steem is really awesome, and what makes it awesome is this platform.
It's a great news.
Thanks for sharing this.
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Free transactions is killer. I have a small amount of bitcoin I can't transfer because the fees are more than the value. I think that is a huge selling point, along with the aforementioned instant transactions. I heard bitcoin network is particularly jammed up today. I am excited for SMT's too
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What are SMT's? Someone asked in a comment above, but there was no response :/
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It's in the post- Smart Media Tokens.
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Next stop, 2,000,000 transactions!!!
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Next stop: 🌙
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So being as i am fairly new, i can assume you declining payouts because you have done well and want to grown the site? If so thank you. Gamers dont seem to be that big on here yet so every bit helps our cause. Even i said it should be the last man standing when it comes to crypto. Thank you for the post.
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I'm pretty new to blockchain/crypto/steemit. Would having a lot of gamers migrate here be bad?
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i dont think so, i think i can pull in a bunch, i give away free stuff a lot because i have a game store, so for every 25 follows i will give something away, start small and when i grow i should be able to give away good expensive board games.....
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Very cool! Good for you. There's nothing like receiving something for free to get someone's attention.
My old boss said, "The only thing for free in this world is bad advice." Haha. Where is your store located though?
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This is no bubble. This is fiat replacement. Those with money get a currency that is only affected by the market buying and selling. It's not manipulated like the Libor rate, precious metals and currency, manipulated illegally by the banks, and manipulated by the weasels in Westminster by interest rates and printing. Bitcoin is a clean and genuine currency. It has more integrity than fiat.
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How can you no to love the direction we are headed in, right?! What is the Libor rate, btw?
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Libor is used to price loans to companies and also – in some countries – to price mortgages.
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Steemit is certainly here to stay. It can only get better as more and more people join.
It is a Steemit Evolution!
https://steemit.com/steemit/@zinzen/steemit-evolution
and for a little humor... Night Before Christmas - Bitcoin Version!
https://steemit.com/bitcoin/@zinzen/night-before-christmas-bitcoin-version
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Omg weren't they just at 65,000 a month ago
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