Crypto Academy Week 7 - Homework Post for [ @besticofinder ] // STEEM Vs HIVE

Hello Crypto prof @besticofinder I have taken my time to try this weeks task , which demand as to compare tokens based on certain instructions

STEEM VS HIVE

SOURCE

STEEM Is a token that exist in a liquid currency and it is the fundamental of the steem blockchain, it was created in 2016 to power the project on it blockchain steemit a social blogging platform.
Steem can be traded in many exchanges to acquire FIAT or other Tokens.
On the Steemit platform usrers are giving the opportunity to creat quality content or to write article , commenting and curating to earn the steem token.

When you post on the steemit platform you are either being upvoted by the users on the platform or by the reward pool generated by the steem blockchain team itself to support it users, depending on how you ratio your curation or author rewards you will earn steem powers, Steem Back Dollars (SBD) .

Understanding theses better :

1. STEEM POWER : this is a token that one receives when being upvoted ( author rewards )or when you vote for someone to acquire a (curation reward), this token can be used to purchase Steem we call this process power down it takes 7 days to convert steem power to to steem , steem is the tradable token on this blockchain.

2. STEEM BLOCKCHAIN DOLLAR ( SBD) This is a token that was created to have a stability on the blockchain, it was created to be equivalent to 1 USD this is used to purchase Steem on the steem market .

MINIMIZING FRAUDULENT FEEDS ON THE STEEMIT PLATFORM

Here then steem power holders elect some individuals to detect spam , helping in voting quality post and individual on this field are called witnesses.

Steem has been taken over by TRON February 2020 so users acquire Tron Token as well , much of the community disagreed and some witnesses attempted to prevent Tron from touching their funds .

DISTRIBUTION OF STEEM TOKEN

• Proof of Work This involve mining of the token , writing, commenting

• one can also buy the token through any of the exchanges that support Steem

• working for it is another option and this involves proof of work .

TEAM

Steem was created by Dan Larimer the creator of EOS and Bitshares , this first founder left the project to Ned Scott a co creator , in January 2019 Elizabeth Powell took over as managing director .
Now the company has been taking by Justin Sun the creator of Tron.

MARKET BREAK DOWN OF STEEM

SOURCE

MARKET CAP : $288138948
VOLUME : $475078569
DILUTED MARKET CAP : $301476902
CIRCULATING SUPPLY : 374110160
TOTAL SUPPLY : 391084254

TRANSACTION COUNT : 529.043 per minute

SOURCE

ACTIVE ADDRESSES : 1058

EXCHANGE THAT SUPPORT STEEM : BINANCE , bituminous,Huobi, Bitrex, HitBTC,Poloniex etc

HIVE
This is also a liquid currency of the Hive ecosystem, the network run two cryptocurrency asset which are the Hive and the Hive Backed Dollars , Hive can be traded or staked .
Hive was created in the February 2020 when the steem team announced the sale of of steem to the Tron company .

RESOURCE CREDIT
Every if Hive look like a duplicate of the steem platform expect these fee- less system that allow users to use a rechargeable resource credit , each account on the platform holds certain amount of credit that will be consumed as the fees and when it use up they are automatically recovered with time .

TEAM:Actually I haven’t found any official leadership of hive , they have about 30 developers and 80 contributors working on the project and there is no company behind the project

HOW DOES THE HIVE ECOSYSTEM WORK

just like steem hive is a social blogging block chain which award it users with the token called Hive , they also have a Hive Backed Dollar ( HBD) That is pegged to one dollar.

MARKET BREAKDOWN OF HIVE
SOURCE

MARKET CAP : $190958115
VOLUME : $197498672
DILUTED MARKET CAP: $191079740
TOTAL SUPPLY : 396456665
CIRCULATING SUPPLY : 396456665HIVE
TRANSACTION COUNT : 9960tx/ second

SOURCE

ACTIVE ACCOUNT: 19920
EXCHANGES THAT SUPPORT HIVE : Probit,hitBTC

CONCLUSION : looking at the two token above we can see that these are middle market Cap assets but Steem records large market volume than Hive also steem can be traded in many exchange platforms than Hive therefore steem is more liquid than Hive hence the best to make profit in trading or investment.