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RE: Steem Smart Contracts: SSC token, block production rewards, proposal system
Thanks, for the detailed update on the SSC tool. I can't really talk about technicals but from what I have read this seems to be a type of "second layer - clone" to Steem. What is the functioning of SSC - tool in regards to SMT project overall?
SMTs are coins that will be Steem alike, they will have the same behaviors but with different parameters (supplies, reward pools, etc..). So the SMTs will use the proof of brain mechanism meaning that you'll be able to vote for contents, etc... The SSC tool is a smart contract platform, it allows developers to build decentralized applications (dapps) on top of Steem. See the SSC tool like a big distributed shared database that developers can use to develop apps.
Yes thanks for the explanation. I wonder how that all will work together...for example. What happens if a regular Steem User goes to the Steemhunt page / log in and than starts voting for posts on Steemhunt. This user has no Hunt tokens but a lot of Steempower e.g. 2000 so how will his vote in the Steemhunter community will be counted. With Votingpower 0 because no Hunttokens or he uses his regular Steem votingpower or does the system translate his SP power into Hunt token power??? So my question is how are all this votingsystems are working together? Would be great to hear your thoughts on that?
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That's actually a good question, the STEEM coin will still be the main coin on the blockchain but I'm not quite sure what will be its influence on the SMTs (to me they'll be totally independent), I'll try to take a look at the whitepaper when I have a few free hours :P https://smt.steem.com/smt-whitepaper.pdf