Steem is the best way to invest in cryptocurrency?
Steem blockchain is fast becoming the fastest adoption chain in the world. There is so much in this project that deserves more attention. In this article, we will see how Steem looks from the investment point of view. Here are some features of Steem as an investment. The heading on profitable opportunities contains multiple ways in which investing in Steem can generate dividends unlike any other cryptocurrency.
The purpose of this article is to analyze why Steem may be the best cryptocurrency to invest in and the article supports its purpose with many solid reasons.
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The transfer to wallet is very simple
Your wallet address is basically your name. It can be as simple as your name. Mine is @Jorguito. If someone makes a transfer to my username, it arrives in 3 seconds and costs nothing. Despite the simplicity of its purse address, Steemit offers multiple keys that can perform actions allowed only through the particular keys. The purse also offers multiple ways to store your assets. Two of these forms are the safest storage protocols offered by any cryptocurrency. These are some of the features of the Wallet.
Steemit offers an account recovery like no other cryptography does. If you have created your account through the normal Steemit registration process, this means that you are eligible for an account recovery in case someone obtains your private key.
If you convert your Steem Dollar into Steem Power, it will take 13 weeks and 13 equal installments to become liquid Steem Dollar again. It means that if a hacker had access to your passwords, you would have to wait up to a week to be able to steal only 1/13 of your Steem Dollar. Meanwhile, you can recover your keys through the previous process and secure your investment.
Even if you want to keep your profit in Steem Dollar safely, you can keep it in the savings account in your Wallet. It takes 3 days to get your Steem Dollar out of the savings and make them transferable.
As an additional layer of security, you can always log in to your wallet (website) using your private publishing key. Even if the publication key is compromised, it can not be used to make transfers and you can easily log in using the active or master key and get your funds insured.
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Steem is the most used Blockchain!
One way to see cryptocurrencies is the website coin market cap. It simply indicates where the money goes in the cryptocurrency space and what the market share is in the different cryptocurrencies. We know that Bitcoin and Ethereum are leaders in market share. But, are they leaders in the blockchain space? To determine that, we will have to look at cryptocurrencies in a different way. We should look at the blockchain technologies behind these cryptocurrencies to see their value.
If we look at the activity in the various block chains, we can see how fast they are and how much they can scale. Scalability and speed are two fundamental requirements for any chain of blocks to provide sustainable value to its users. There is an interesting website called Block'tiviy that tracks the activity in the blockchains and lists them in order of performance. Steem is at the top of your list.
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There is a chart that shows the transactions in the most active block chains in the last 7 days. It is interesting to note that Steem blockchain has 109% more transactions than all other compiled block chains.
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And if you click on the small circles of information in the table, you can see that Steem is using only 0.14% of its total capacity at this time, with 1.7 million transactions in the last 24 hours. For a comparison, Ethereum made 0.676 million transactions in the last 24 hours, using its 100% capacity and 14,000 unconfirmed transactions at the time of writing. When compared to Bitcoin, Steem is 2445 times undervalued based on its activity.
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Steem is taking mass adoption through Applications
The functional services and Steemit have already been built on Steem blockchain. The tokenization of online media, social exchange and even open source contributions place it above other block chains in terms of the blockchain's adoption by the masses. The common people are joining Steem's blockchain across multiple platforms and getting rewards in cryptocurrencies is what drives adoption.
These are the most commonly used services built on Steem:
Steemit.com
It is where you are now. It was the first application built on Steene blockchain and is the main implementation of the entire code. There are about a million accounts already created through Steemit and they are expected to join more. Steemit has an interesting reward system and most people can win through it. You can simply see the payment of this publication as an example.
Busy.org
It's a clean interface built to improve Steemit's blog experience. Many people like to use it for content creation. It basically does what Steem does.
Utopian.io
It is an open source contribution platform where any Github repository can receive open source suggestions and many other things. It helps to build a better Internet and software. Taxpayers are rewarded in Steem.
Dtube
It is a video sharing platform built on Steem and has already attracted some very popular YouTube users. Pay so well that the creators of video content can not resist it.
There are also others such as:
Zappl (it's like Twitter but decentralized), Steepshot (it's like Instagram but decentralized), dMania (it's like 9GAG but decentralized) and many more.
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There are countless ways to make money with your Steem investment!
Previously, crypto projects only allowed three ways to earn more coins. One is mining and the other is rethinking. and it is divided into two: Proof of work (PoW) and Participation test (PoS). Steem allows literally countless ways to earn more coins in the Steem block chain.
Steem's blockchain has a unique stake delegated test algorithm. The simple fact of buying Steem and keeping it does not generate more coins. To be able to influence all the platforms driven by Steem, you need to boost your Steem in Steem Power. Steem Power is basically your part conferred in the blockchain and you can use it in many ways.
Steem rewards for publications of quality and scope. This publication is made using the brain and will be rewarded according to its quality and scope. Content creation is rewarded If you have some time and some interests to talk or discuss, you can earn rewards.
This is the technical side of things. Share with you some of the most common ways to earn more coins with your investment.
curation rewards
When you use your influence to promote someone's content, he or she receives a reward. But you get 25% of that paid reward because you've cured that content. The more Steem Power you have, the more Steem Power you can earn as a curation reward.
Author Rewards
If you have time to share your thoughts with the community, not only can you use your own vote for yourself, the community can also do so. You can earn author rewards just like the actual realized and the people reached. It is one of the most amazing ways to earn cryptocurrencies.
Delegate your power of Steem and earn money daily
you can delegate your Steem Power in a variety of ways to earn dividends. A service called @MinnowBooster or BOTS offers a Steem Power leasing market where you can fill out lease applications and earn Steem.
You can delegate Steem Power to any of the bots like @buildawhale, @smartsteem, @promobot and many more and win a part of their profits (normally they share 95% of all Steem earned with their investors) as per their percentage of participation in all investments.
Sell your vote
If you want to keep your Steem Power with you but do not have time to be online or manually cure, you can easily sell your vote to services like @smartmarket and @minnowbooster. They will send you 85% of what they earn from vote buyers. In addition to the payments, you get a 25% healing reward on all votes sold.
Earn interest in Steem Power
Just holding your Steem wallet, you can gain interest in it. Rates may fluctuate. No matter what you use your Steem power for (healing, selling votes, etc.), you will be eligible to get this interest.
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These are some of the ways you can earn thousands of dollars each month. With an increase in the price of Steem, everything multiplies. There is so much to expect since the Steem project achieves the value it deserves and is not less than the top 10 in my opinion.
What Do You Think About Steem
After reading this publication and according to your own knowledge of Steem, the cryptocurrency markets and the investment opportunities, what do you think about Steem as an investment? Where do you think Steem is going to arrive?
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Thank you for posting this, I'm still relatively new and trying to understand the full scope.
You're welcome, you'll see that on this platform we all have a space and we can grow if we use the right tools!
Hi,
interesting article. Steemit is a good way to earn extra cash but i also like to do bounty hunting. The best platform to use is Bounty0x:
https://steemit.com/earnmoney/@niel96/earn-cryptocurrency-from-home-by-doing-tasks-on-bounty0x