Steem and Ethereum ranks best blockchain in the world
I always indicated that steem is highly undervalued (in price ) and lacks recognition from top investors –maybe due to some of its highly innovative projects still in conceptualization phase (SMT for example) and HFORK 20 which will open the flood gates for more signups at steemit platform thus giving steem ecosystem more needed exposure.
Most recently, however, the Chinese government ranked steem as the second world best blockchain after Ethereum : according to CCN.com
Steem blockchain , in fact processes transactions faster than Ethereum and Bitcoin combined and is home to many top applications like Steemit, Busy, Utopia, Dlive, Dtube, Dmania, Dporn, etc
Moreover, Steem is the blockchain that powers the social media platform steemit and other applications and its SMT when implemented can be used to create decentralized applications. Importantly, steem (blockchain) is not the same as steemit (content creation platform) -in fact steem is more superior than steemit and thus Joseph Young and CCN should correct their misconception below -according to the article in CCN
The addition of Steem in the top five rankings of the Chinese government’s blockchain network was unexpected by the community because unlike Lisk and NEO, Steem is not a base layer blockchain technology that can be used to create decentralized applications. Steem is a content distribution platform based on the blockchain with a primary purpose of distributing content. Essentially, Steem is like Reddit based on the decentralized blockchain.
Conclusion: Steem is among the best blockchain in the world and thus the recognition from the Chinese government is a great thing and indicates that the future is bright for steem ecosystem.
Do you agree? Send in your comments, resteem and upvote in order to send in your support.
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A very good news which shows that at least a big player recognises the value of steem blockchain. Moreover thanks for explaining the difference between steem and steemit...steem is indeed more valuable and the value will surely increase...now is the time to get more steem power. Upped, 100%
Very good point @Ronja1 ..thanks for your good comment
I think most of us will agree the future of steem is very promising and with good development and a bit of luck, steem can rise to the top of the price charts as well.
Very good point indeed, thanks for your comment
thanks
@Charles1 do we know what HF20 is gonna bring exactly and when it will be implemented? Or where I can read more about that?
Hi @markdeheide I wrote some posts about HFORK 20 last year see one link https://steemit.com/investing/@charles1/why-you-should-stop-powering-down-and-rather-buy-more-steem-now
Ah thanks @charles1 for some reason I missed this reply haha :)
Hope this will get some extra exposure for Steemit!
When you check the Blocktivity site you are able to see the real value.
Steem does more than double transaction with only 0.15% CUI workload compared to second place Ethereum (with only half and a CUI workload of 100% and even more than 25K unconfirmed transactions).
Steemit has the possibility to grow real big. We just need to get the word out and to be honest in my opinion Steemit lacks in advertisement (Steemit seems to never be represented on big conferences or meetups).
I agree with you and have written a lot about this issue. Steemit inc needs to invest more in marketing
If steem was anywhere near as easy to find content as Reddit it would take off. We missed a real window last year when so many were joining telegram and Reddit channels by rolling around with smts. But we can be ready for the next boom next year.
Very good point however its not late for steem to boom..SMT and Hardfork 20 will help
Does hardfork 20 have communities? When is it?
To put things in perspective...at $24T+ in tha hole, we all may be speaking Chinese soon! Seriously though, it is good to hear STEEMIT is gaining steam worldwide - you have my upvote and resteem on this one
Thanks for the resteem and upvote...the future is indeed bright for all of us ie steemians...keep steeming to more success
Slowly but surely recognition will come (especially if Steemit gets easier to use), but there is no rush as those cryptos that fly in the beginning, slow in the end.
Very good point indeed, you are correct...let us fly slow and steady
I hope Steem has shown a significant improvement.
Thanks for your information.
I agree....
What a questionable honour to be top rated by the Chinese government... hopefully it's no short listing for their social surveillance network... looking at the list, it looks quite objective though!
Very good point, I agree
Steem will drop the all cryptocurrencies in future.....So grab it and store it fro future
Very good point...I agree