source: snapshot taken from Wortheum News platform displaying Homepage/signup page section.
A new blockchain based on the graphene framework just like Hive and Steem has been launched and currently, there are more than 13000 users. The newly launched blockchain is being labeled as one of the most advanced graphene framework-based blockchain.
source: snapshot taken from Wortheum News platform displaying News feed section.
This newly launched blockchain is called Wortheum. Wortheum is a web 3.0 DPoS blockchain environment. It is a fork of steem and is currently in on its 23rd hard fork. Even though it is a fork of steem, it is a lot better and has a more decentralized system. The concept behind the Wortheum is somewhat similar to steem and hive. Currently, there are three DApps on the wortheum blockchain. These are as follows:
source: snapshot taken from Wortheum News platform displaying My News section.
1. Wortheum News – This platform is the same as the hive blog and serves to publish news articles. Publishers and curators are rewarded for their actions on the platform.
2. Blockchain Explorer – This is the blockchain explorer for the wortheum blockchain and all the transactions and their information are displayed here. One can also see the wallet balance, profile, and history of any user just by their username.
source: snapshot taken from Wortheum Blockchain Explorer displaying Transactions.
3. Wortheum Wallet – Wortheum Wallet is an online wallet for the native cryptocurrency of wortheum. One can safely store their assets here. All the rewarded balances are stored here. This also offers to transfer the assets to other exchanges or to sell them on internal market of its own.
source: snapshot taken from Wortheum Wallet displaying Wallet balances and assets.
It has its own native cryptocurrency which is:
1. WORTH (WTH) – it is the native currency of the Wortheum blockchain and has been already listed on a Singapore-based exchange – Coinstore. There’s speculation that Binance is also on the table to list the coin on their exchange. You can power up this currency into worth power on wortheum.news and this gives you more influence over the platform. Not only this but it also helps you earn more curation rewards and there are 10% annual returns on the holdings.
2. WORTH DOLLAR (WBD) – it is also a native cryptocurrency on the wortheum blockchain and is dubbed as a stablecoin. The coin has a slightly different mechanism of minting and can only be minted when the volume of WBD is less than 5% of the total WORTH and when it reaches 10% volume of WORTH, it automatically stops minting. It can be sold onto the internal market to obtain WORTH and by its current value, you’ll get 6.5 WORTH with 1 WBD. The holding on WBD gives you a return of 15% annually.
One can visit their blockchain explorer and have a look for a better understanding. You can also have look at their whitepaper for all the pieces of information and to understand the mechanism of the wortheum blockchain environment and wortheum news and blog along with their roadmap to the future.
Recently it launched an ad network Wortheum Ad Network which is being dubbed as a very forward-looking futuristic approach. The Wortheum ad network is meant to serve ads on the wortheum news and on the integrated blog and news platforms. Currently, it is only live on wortheum.news but in the upcoming months, one can also integrate the wortheum ad network on their site and serve ads to earn WORTH coin for every impression. They will have the option to integrate their blog fully into the wortheum blockchain or only into the Wortheum Ad Network. This integration will also attract more users to the platform.
source: snapshot taken from Wortheum Ad Network displaying Homepage of Wortheum Ad Network.
The advertisers need to pay for the ad campaign in form of WORTH which means one needs to buy WORTH from the market first. In this way, more liquidity is added to the market. Once the advertiser has paid for the ad, the collected WORTH is then automatically transferred to a null wallet and burned, which in turn reduces the supply of WORTH coins and increases the price of the crypto. As per the mechanism above, the Wortheum Ad network can be called as a utility for the WORTH cryptocurrency.
According to the platform Founder Mr. Ashutosh Singh and CTO Mr. Vishal Verma. There are more than five projects under development on the Wortheum blockchain. Upon asking about the projects they told to wait for the announcement. It is speculated that the announcement for the new project will be made in the first month of the year 2023.
More articles on the Wortheum blockchain will be coming for the next few weeks. I will discuss about their platform, DApps, Blockchain environment, Roadmaps, and the Future of the Wortheum Blockchain. If the above topic interests you, you can follow to get my articles on your news feed every time I post.
Thank you for having me here on Hive.
Stay safe.
I would really appreciate your suggestion and feedback. You can drop them in the comment section.
About the Author
Greetings! I'm Saquib Salam and have been working as Journalist on Wortheum News. My journey in this field has been mainly Into Blockchain & technology, International Politics and Human Rights. Stay tuned with me by following me here to know see my blogs.
To know more about me, please head to my introduction post or connect with me on social sites, click on link below: