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Background
A cryptocurrency is a virtual asset created for exchanges. The use and specific value will depend on many aspects, which date from its launch and the purpose for which it was created. The value of a crypto is based on the degree of trust that users place within a given ecosystem, as well as the utility that it may have for the acquisition of the products offered.
Bitcoin
It was the first cryptocurrency created
Bitcoin has the largest known demography in blockchain and investors turn to this cryptocurrency in order to access goods and services in a solid way in the encryption market.
Having a high probability of success, thanks to the dynamics of the bitcoin trade and the trust placed by the vast majority of customers who invest in this crypto. The cryptocurrency is an asset subject to fluctuations. Sometimes prudence is recommended when investing, because the platforms are susceptible to cyber attacks, which have generated millionaire losses for many entrepreneurs who decided to venture into encryption.
Some conflicts related to bitcoin
It is also common to hear some cases where the bitcoin platform is used to carry out illegal mining through the well-known "bitcoin machines", which have been banned in some countries such as the "China" case.
While in others there is evidence that governments and authorities act to confiscate these machines which demand high energy consumption affecting the electricity network of the countries and generating heat emissions that alter the environment. It should be noted that the cryptocurrency decentralized model also allows the issuance of money without backing, creating the conducive means for the insertion of terrorism, money laundering and drug trafficking. These scourges are currently studied worldwide by some intergovernmental cooperation agencies, such as the FATF (Financial Action Task Force).
The history of the cryptocurrency is quite broad and complex. Since its birth with bitcoin, it has been the subject of research more than a decade ago.
The creation of new Cryptos have proliferated on the blockchain, some platforms such as:
- BTC
- Ethereum
- Ripple
- Litecoin
- Eos
- Binance
- NEM
- IOTA
- Cardano
They occupy an important place in the market.
Diversity of the crypto market
Initially for the creation of a Cryptocurrency, developers had to create their own blockchain, in a unique work effort that involves great mathematical, computational and computer knowledge. The respective administrative and promotional steps must be taken, usually, carried out through the launch of an ICO. Thus the results obtained would be those that would decide the fate of the new cryptocurrency in the market.
With the support of collaborators and logistics, the massification required to achieve the stability of Token is achieved, trying to ensure that it is positioned in the market and can remain in an honorable position in the decentralized economy of the blockchain.
The new Steem and its smart Token
Personally, I wanted to emphasize Steem blockchain.
A solid platform with a growing number of followers, which is versatile and altruistic in nature dedicated to helping entrepreneurs who wish to venture into the world of cryptocurrency.
"Its most recent creation is the "Smart Media Tokens" (SMT), a revolutionary concept that can change the way you interact in the world of encryption."
From the beginning the platform offers the STEEM Cryptocurrency and its SBD utility token, whose value is anchored to the dollar. Both have served to keep the economy of Steem Bockchain stable enough over the past few years. Through the Steemit.com interface, content creators can get rewards for posting, receiving payments on the two types of tokens mentioned above.
The question is:
What is the innovation power of Steem blockchain in terms of its economy?
Will there be another way to monetize within the ecosystem?
Will the STEEM crypts and the SBD utility token be enough to face the economy of the future?
What is the novelty of Steem to keep up with the new financial changes in the world of Crypto currencies?
SMT (Smart Media Tokens)
tokens in
Steem Blockchain"
It is a STEEM-based protocol which allows any application to create its own token in the Steem Blockchain infrastructure.
Image created by @nachomolina
Both investors and ecosystem users can launch their personalized Cryptocurrency with specific characteristics whose value will be backed by the Steem economy.
There will no longer be the need to create your own blockchain because you will have the architecture of the Steem platform to put your virtual asset into operation.
Importance
"A relevant aspect of SMTs is that authors can receive rewards, not only in STEEM, but in any other of their bifurcations created through the Smart Media Token process. These, in turn, would have the equivalent of Steem Peg, the 1: 1 exchange currency with STEEM, which is available on Steem-Engine. Considering that the exchange interest rate is minimal and without having to resort to very common cumbersome processes in known exchanges. Remaining the entire process framed within the economy of Steem and with the security offered by the platform. Turning STEEM into a multifaceted cryptocurrency that would serve in this case as a backup of the new tokens created."
Case of use:
As an example, we could mention the case of a group of entrepreneurial users who want to start a project related to the health area.
"They could make their proposal, "Introducing a Token which may be oriented to raise funds for hospitals." Supported in the demography of Steem blockchain, they would start its trade, trying according to their organizational and promotional power, gradually adding value to the cryptocurrency created, contributing to the Steem economy, while monetizing their project and growing as a community."
It should be noted that the receptivity of the entire Steem community as a whole would be the determining factor for the adoption of the new Crypto, as well as the value it would assume in the market. With the support of some tools with Steem-Engine, trade would be speeded up by filling investors and community members with possibilities, because real-time exchange would be possible for other associated SMTs.
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Conclusion:
SMT "Smart Media Token" It is the new technology driven by Steem Blockchain and it can be said that its purpose is the massive adoption of the platform by promoting a new form of investment and growth for entrepreneurs. With the creation of their own tokens, users can create the necessary forks backed with the value of STEEM. Obtaining financial strength through tokenization and growing the Steem Blockchain economy to really large levels. Likewise, the quality of the platform will be impacted because the creation of new tribes and new financial concepts will support the work of the authors in which diversity will predominate and through that, the attraction of new users.
"Review conducted by @nachomolina, for dissemination and information purposes. It is recommended to seek advice before making any financial decision on the material described above."
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