Guide: How to Setup a STEEM Exchange Node
Interest in the Steem blockchain is exploding and with it the number of exchanges seeking to list the STEEM token. STEEM's real-time fee-less transfers, alongside its use in social applications, means that the token could become one of the main currencies that users leverage to quickly transfer wealth between exchanges. With that in mind we’d like to share once again our “quick start guide” for running a STEEM exchange node.
The Guide
The goal of this guide is to make it as easy as possible for exchanges to adopt and run STEEM. The quick start guide is available here:
https://github.com/steemit/steem/blob/master/doc/exchangequickstart.md
Video Tutorial
To make the process even more seamless, we've made a quick video tutorial (8 minutes) that follows these instructions step-by-step:
4 Steps
Running an exchange node from this guide is as simple as four steps.
- Make sure you meet the hardware requirements
- Build the docker image
- Create two directories for storing blockchain and wallet data
- Run
Although the instructions are technical, anyone with basic system administration skills should be able to follow and execute the guide quickly and easily. The quick start guide linked above is available in the steem GitHub repository.
Security
Using this method is secure because this software runs in a container segregated from the rest of your system. In addition, there's no risk of misplacing key data for the CLI wallet because it can be kept outside of the docker volume in a persistent area of the filesystem.
If you’re running an exchange node, or thinking of running an exchange node, please follow this guide!
Team Steemit
We need this. Steem is surging at $6+ now, and more and more interest will come to the blockchain.
Exchanges, get ready to set up Steem exchange nodes ASAP with this guide!
I agree @mooncryption.
STEEM is getting on people's radar very quickly. I know @Zappl sent out some feelers a couple months back trying to find out if some exchanges would be interesting in picking up STEEM. I think they got a few positive inquiries.
Thinks are starting to get pretty hot and heavy around here.
You are correct about that, things are getting interesting. I'm using my position as prominent Steem witness and co-founder of @buildteam and @steemvoter to engage with exchanges one at a time and offer them marketing and revenue opportunities on the trending page as per this post:
https://steemit.com/steemvoter/@steemvoter/steemvoter-guild-quoinex-promotion-for-strategic-alliance
My goal is to help list Steem on as many exchanges as I can in 2018.
Great to hear Steem getting more well deserved exposure. All the best.
I'm even going to do this now! I'm just getting involved with exchanges, so the more I can, the more I'll help out.
What are the benefits to running an exchange node?
I think this would spell more transactions for the exchanges, right? Isn't that its own benefit? Thanks!
So is it like a masternode that pays/mines coin?
steem sedang melonjak pesat di daerah saya, ledakan pengguna steemit sangat cepat, dengan adanya panduan seperti ini, akan sangat membantu kami para stemian, terima kasih
Besides supporting the platform, what would the direct value/rewards be?
Which exchanges do you recommend most?
And why no one, including dan is using decentralized exchanges?
Is storing tokens on a decentralized exchange is nearly as safe as a cold wallet?
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This is perfect for the soon to release Smart Media Tokens, the more people that could get STEEM the better the ecosystem will run! Thanks for this!
STEEM/Fiat pair is dire necessary of the time. @hitbtc-payout, @poloniex and @bittrex please add STEEM/USDT pair.
Thanks a lot brother..i wish success like you..you have became a inspirator for every people in the world..thanks for your guides..every people known you..nice to know you brother.
What are the benefits to running an exchange node?
Yeah, that's the real question.
What is the other way to team up with node maker and make money