Image Source

Hi steemians ...! Tonight I @andestra would like to convey a little review of the success of the steemit platform that has acquired more than 1 million registered users and has the most active blockchain on the cryptocurrency market. And in my opinion investors are very worthy to invest in #steemit. This paper is inspired by SOURCE

The main cryptocurrency news site reports that Steem (STEEM) has now acquired more than 1 million registered users. Steem has the most active blockchain (in the case of daily transactions) on the cryptocurrency market. Steem is often touted as a modifier of social media games, however, investors will be wiser to fully understand the system before investing

The latest cryptocurrency news headlines have been abuzz (as usual) with hysteria about the recent decline in Bitcoin prices. However, because many close currency markets have begun to pull back in value, the decentralized Steem social media platform has damaged the new foundation. - In particular, finally reaching more than 1 million registered users.

The Steem Blockchain Explained

Simple basic premise is simple. Created by Dan Larimer, creator of BitShares, and EOS, Steem is a fully decentralized social media platform and content creation platform.

#Steemit

Steemit, Steem's powerful blogging platform, allows users to curate, share and monetize content. This is thanks to the fact that consumer content can 'like' and 'outperform' Steemit posts. A greater amount of likes and upvote, then results in a cash allocation to content creators.

#Dtube

Working on the same core principles as Steemit, Dtube is a newer addition to the Steem ecosystem. Designed to replace people like Youtube and Vimeo, Dtube is a revenue-sharing video content platform through the same mechanism and upvote as Steemit.
Why Reaching 1 Million Users is a Great Cryptocurrency News for Steem
Being a content creation platform where each and all content can be easily monetized, Steemit (and Dtube) explodes in popularity. More users then mean more blockchain traffic, more revenue generated content, and (in theory) higher Steem coin market prices.

Steem currently facilitates more than one million transactions. - This is more than all other cryptocurrency block combinations. Steem's success is seeing an increase in the number of Youtube content creators and well-known independent journalists such as Ben Swann, starting to move to the Steem ecosystem. Steem Ecosystems currently serves more than 250,000 unique website visitors per day. Higher Steem traffic helps Steem position as a high-authority content creation platform in the eyes of several major search engines.

Do Cryptocurrency Investors Have to Invest in Steem?

For investors who are not familiar with Steem, cryptocurrency news detailing Steem exceeds 1 million active users, no doubt will be a signal to invest. Unfortunately, investing in Steem is where things get a little more complicated.
The problem of 'Steem Power' of developing Steemit
The problem with Steem, however, lies in the fact that people hold a significant amount of Steem, especially using this to like and increase the choice of content pieces on the Steemit and Dtube platforms themselves.

Steem's Artificial Upvoting Monopoly Explained

As a rule, content with Steemit likes and supports the benefits of greater exposure to Steemit and Dtube. Greater exposure then results in more likes and ups, and in turn, higher profits for content creators. Therefore, only Steemit creators are willing to pay other users to improve the content of those who can expect to truly establish themselves.

How Organized Upvoting Threatens Long-Term Sustainability

The main cause of Steem's concern, assuming the fact that organized organization not only damaged the original ethos of the platform. As well as this, organized up-polling greatly reduces the quality of content published to Steemit. As a result, fewer people interact with the platform in any way (really) meaningful.

Even though it passed 1 million users, 99.94% of Steemit account holders did not interact with the platform. Those who interact with Steemit, especially doing so to publish the low-quality content they use 'Steem Power' is paid to rank high in search. Because the way Steem tokens are currently used, there are strong arguments that must be made that they should not be considered feasible for significant long-term investments.

Of course, Steemit and Dtube should continue to attract high profile content creators from existing platforms such as Youtube, the price of Steem coins can skyrocket. Thus, a strong argument can be made to invest in long-term Steem tokens. All that investors need to pay attention to, is the political dynamics and users involved with how Steemit and Dtube currently operate.

Website

Greetings Promo-Steem!!!