Steem, a blockchain rewards platform that allows content publishers to monetize their work, announced today that the project has reached one million registered accounts. An update from the official Steemit blog confirms the one millionth registration on the blockchain.
Steem is exploding in popularity. Not only is the steemit.com blogging and social media platform drawing large numbers of visitors, but also other DApps (decentralized applications) that use the Steem blockchain, such as dtube, busy, and dlive.
As CCN announced in 2016, Steemit is an online networking stage that energizes quality substance generation and dialogs with a voting framework. Votes mean Steem and Steem Dollars (SBD) tokens, which can be traded for genuine cash or other computerized resources. The Steemit stage goes about as a substitute method to win pay for content distributers who for the most part need to depend on prominent promotions or paywalls. Steem additionally says that helps distributers who are baffled with:
● Tips and donations are not viable due to the expense of processing micro-payments
Huge social networks like Facebook take profits from publishers but don’t share revenue
● Huge social networks like Facebook take profits from publishers but don’t share revenue.
Be that as it may, the venture has long-standing battles with bots and malevolent players who attempt to amusement the voting framework, as the prominent client @kevinwong composes. In any case, the numbers do represent themselves, as Steemit had just 2,000 dynamic clients in 2016. Likewise, as per the undertaking's site, it has so far paid out $40,154,371 USD in rewards since June 2016.
