Vlog 180: Arbitrary reward splitting increased development + How are rewards calculated? + Amazing visuals showing the speed of the STEEM blockchain.
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It's hard to keep up with all the development and growth on the STEEM blockchain nowadays.
Which is only a good thing because growth is what we need.
I needed to cover a lot of subjects this morning.
Development
I have talked about monetisation (arbitrary reward splitting) of the Blockchain before and I considered it one of the greatest additions to the Blockchain in 2017 and you can see now that this concept is working fantastically.
While Steem inc. is working hard on SMT's, scaling and HF20 other users are building the most amazing front ends and apps that add value to the blockchain and they are able to monetise it because of arbitrary reward splitting. (asking for x percentage of the rewards).
Two updates recently came out of projects that do just that.
D.tube 0.6
D.tube is one of my favourite projects on the blockchain. It's Youtube build on top of the STEEM blockchain. This new version is a farcry of when it just was released (it was slightly buggy). Now it's smooth sailing. I use Dtube almost exclusively. They are up to almost 1 video a minute being uploaded! Check out the new version here.
Dmania 0.5
Dmania is 9gag (memes) on the blockchain. The recently released a new version of there website. Check it out here.
How are rewards calculated
If you are struggling with how rewards are calculated (the $ number behind your post) I highly recommend reading this article by user and witness @dragosroua where he explains it in a very understandable way.
Steemit Visuals:
Sometimes a visual says more than a thousand words. The STEEM blockchain is currently the blockchain that can handle the most transactions of all of them, has 3 second block times and no fees.
These visuals made by users @kyriacos and @overkillcoin help a lot to visualise those aspects. Great work.
I am a witness with our developer group @blockbrothers for the Steem blockchain. If you want to support us I would appreciate your vote here.
We build Steemify a notification app for your Steemit account for iOS.
Get it Here:
▶️ DTube
▶️ IPFS
@exyle, good post as always.
Can you explain the bandwidth phenomenon?
Sometimes it is way up sometimes it is way down, any idea ?
As a witness member, you may have a better understanding about it.
The SP/Bandwidth ratio dictates how much data(aka bandwidth) you can use on the STEEM blockchain. I think it was put in place to prevent new accounts from spamming the Blockchain (they would run out of bandwidth fast). But don't pin me down on it. Bandwidth will become way more important when SMT's come out. You will need Steempower to run the SMT's. (the more the SMT is used to more bandwidth you will need).
Thanks for the answer. This is a good preventive measure to control the abuse user.
That is good enough.
Thanks again and enjoy your trip.
Keep on steemit
Glad to know about these amazing projects developed on Steem blockchain...At the current moment no other platform can compete with the volume of transactions handled by Steem blockchain, which is growing even faster. Looking forward for upcoming SMT's and HF20 .
haha excellent! Hope you enjoyed that this morning man!
Great vlog as always, I send these out to my friends who are yet to join and asking me so many questions - always some useful information shared.
Have you seen the 'thunderclap' prepared for next week in which at least one of the gifs above is being posted on twitter by 100+ Steemians.
We have the post translated from English into French, Polish, and Portuguese so far :)
This is the orginal post but you can see on the guys profile that he's resteeming anyone who translates the post too. Cheers!
https://steemit.com/promo-steem/@fitzgibbon/let-s-make-steem-trend-on-twitter-on-the-9th-of-january-join-the-steem-twitter-thunderclap
I think @eqko, one of the @blockbrothers was one the very first guys to join the Thunderclap. With a social reach now of over 250K the thing is really going to be HUGE. @exyle if you would also support it by participating that would be so awesome!!
Am in too!!!
The breakfast was amazing. Thank for the Thunderclap I missed that 1!
Glad you enjoyed!
See the comment below mine.. It seems @eqko is already in the mix! :D
ow we were typing replies here at the same time, lol. If you need more info about the Thunderclap, check the posts, or find me on steemit.chat or discord (same name)
Let's make Steem TREND!!
Interesting stuff! So now we have Dtube, Dlive, Dmania and did I see Dsound somewhere (oh, and an Instagram type service)?? Big year for the Steem blockchain ;)
Enjoy your breakfast!
Thanks! (breakfast was great!)
Woohoo! Thanks budd. I've been wondering this. That was helpful. And hey, I signed up on DTube today and it looks like a WAYY better version. Kudos to them.
Yo, same here! Let's start our Vlog series from today.
So much potential on this blockchain, really curious as to where we are at in 10 years time, so happy to be onboard and slightly feel "part of" this revolution! Nice visual charts there, makes it (again) easy to understand it all and really shows how fast Steem really is!
Those charts are great indeed!
Good morning Mark, This will help to convince other people about STEEM. Not only STEEMIT; but the power behind it.
With this VISUAL dashboards, everybody will understand !!
THANKS !
Yeah,I love the visual charts aswell ;)
We will see so much more from @exyle and the @blockbrothers ! The INNOVATORS !!
Excellent distribution of topics and having learned them to become clear what and how it works. The speed of the STEEM also struck at its speed compared with other crypto-currencies and this once again proves the advantages ofSTEEM . Thank you Mark, that touched upon these topics and aspects related to them, keep us informed of what is happening!
As far-off and wide as I can see dtube is yet deserted supporting 480p clips. This is a major downside in my find the money for advice and I goal they grow 720p soon because I think that's the bare minimum following it comes to character. @exyle
I have been previously confused on how rewards are being estimated..but now i am getting to understand it. i strongly appreciate for sharing the link.
I designed an infographic for one of my posts to illustrate how the payouts work. I used very similar numbers as you described.
Super glad to hear D.Tube is doing well. The more successful apps we have running on the Steem blockchain the better. Exciting times for Steem!