↝ Steem Coin: Innovative Social Engagement through Blockchain Technology
Steem Coin represents an innovative step in digital social engagement. Most prominent for powering Steemit , a blockchain-based social media...
The multiple trade ideas for the STEEMUSD Multi Collateral Perpetual Futures Contract have been discussed. The new era of social engagement ushered in by Steem and the emergence of HIVE Coin have been particular points of discussion. Predictions for the future of Steem's value suggest it might be a good investment, but events like the Hive Hard Fork and the price fallout of Steem afterwards have called this into question.
Justin Sun's controversial acquisition of Steemit and subsequent limitations of his power by Steem was noteworthy, along with discussion of the best wallets for storing Steem. Hive, the Steemit's fork blockchain, outperformed Steem in terms of token value. There has been debate about whether Steem lacks momentum, spurred by controversies like the Hard Fork confiscation of $6.3M and the immediate retrieval by the community.
Binance's CEO criticized Steem's centralized nature but supported the controversial Hard Fork. The transfer of Steem stakeholders to Hive is ongoing. The curious incident of a mystery account rescuing $6M from the Hard Fork sparked interest. The effectiveness of Steem in incentivizing social media was also discussed, but Hive's new digital currency was disagreed upon.
The escape of user funds from Justin Sun’s Steem and China's ranking of Ethereum as the number one blockchain network were other key moments. The adoption of blockchain on social media platforms was also discussed, alongside multiple resignations and the seizure of $5 million from Steem's own users.
STEEM Coin News Analytics from Thu, 05 May 2016 07:00:00 GMT to Sun, 23 Jun 2024 14:20:24 GMT - Rating -2 - Innovation 1 - Information 7 - Rumor -9
