"Steem's Outstanding Scalability! Could It Handle A Larger User Base Than Even Reddit?" My Video Blog
It seems like scalability is all the talk these days among crypto currency investors and enthusiasts... Bitcoin, Ethereum, as well as several other blockchain based digital currencies have had their own share of struggles and challenges in these areas.
Recently, I've been devoting more time to studying steem.io and its wealth of information on where it sees the road ahead and I must say that I'm pleased with what I've discovered.
Just the other day, I was looking over the site and how the team appears to be ambitious to offer greater levels of of security of Steem transactions and communications via ring signature technology and beyond.
I believe this will be a growth process and I think we will see some great applications in the future!
I went on to learn that Steem will likely offer the world more options for messaging services through blockchain based encryption technology. Again, this can be found in large part on their website and I've even blogged about it , as well.
As awesome as that seems to be, I'm now learning that Steem might not have to deal with the usual scalability concerns that most blockchains have had to contend with.....and this will potentially open the door to more flexibility with new and existing applications, as well as financial transactions.
If you check out steem's site on "user documentation", which I will provide below as my source, you will see that the Steem blockchain operates at a "high level of performance" and could possibly handle more traffic and users than Reddit, if it too were built on a blockchain.
I find all of this to be very encouraging as we look to the future and because of this, I'm feeling fairly optimistic right now.
Source: https://steem.io/documentation/
Remember, that when comes to investments, seek the advice of a financial adviser and do your own due diligence as this is not a blog for investment advice.
I want to thank you again for your support of my video blogs and don't forget to follow me @breakingtonight
Have a great day! 😊
Awesome review on this and one I was wondering about to. I though ETH was good to go on scaling but now they ran into big issues as well. I am very curious what will happen in bitcoins near future here to address such things. Steem seems like a rather solid platform and the process times are unreal!
I think we're all curious as to the outcome of the Bitcoin Segwit, so I'm with you on that one.
Thanks so much for your nice comments about video blog! I'm happy to hear that you found it to be informative and interesting! Hope you have a good day! @bitcoinflood
This is very informative. Great post ! Thanks for posting.I follow you.Upvote me ! Thank you
You're welcome, @vanessa11val
I'm glad to hear that you like my video blogs and find them to be informative! :) Thanks so much for the follow! Following you, too!
Have a great day!
very good to hear, We need steemit to be able to handle millions :)
Can't wait until we hopefully see those kinds of numbers! Would be awesome! 😎
@brothermic
good post I followed you please follow me back
Thanks for appreciating my post and its content! Thank you also for the follow! Followed you, too!
Hope you have a nice afternoon! 😊
@philk
Nice video! It's nice to see that you are realistically optimistic about the future of Steem. I feel like Steemit will be a huge step to bring crypto even more mainstream
I'm hoping for that, too! I think we will see more mainstream adoption in the future, as well! Thank you for thoughts and positive comments, too! @dadapizza
Promoting steem seems like a good philosophy to me. :)
Very well said! I agree with you a hundred percent! @philosophy-trail :)
Omg, those currencies...
breakingtonight, we need more people like you on this channel.
Btw. you can find out about yourself at this terminal, I found you based on what the machine thinks I like about you, haha.
I've seen your posts. Nice work my friend. You are so blessed and I love to watch you and listen to you. Feel better and so informed. Thank you ;)))
awesome!
Very nice info great post