Steem has been around for 9.5 Years! Still alive = success?

in #steem2 days ago

Still alive = success?

Steem's Genesis Block: 2016-03-24 16:05:00 @initminer produces block #1

image.png

Steem is a blockchain launched in 2016 that pioneered the use of Delegated Proof-of-Stake (DPoS) for social media and content-driven applications. Unlike traditional Proof-of-Work blockchains, Steem relies on a set of elected witnesses, chosen by token holders, to produce blocks rapidly—typically every 3 seconds.

This high throughput allows the platform to handle a large volume of microtransactions, enabling reward distribution for content creation and curation in near real-time. Steem’s design emphasizes community governance, transparency, and fast finality, making it a foundational platform for decentralized social networks.

The latest block heights of steem approaching 100M

image.png

image.png

Steem to the Moon🚀!

Support me, thank you!

Why you should vote me? My contributions
Please vote me as a witness or set me as a proxy via https://steemitwallet.com/~witnesses

image.png

Sort:  

It's a success for sure but there needs to be more development. There could easily be 100 proposals out there to build functionality, additional interfaces, games but people aren't really going to develop here if there isn't a realistic funding model. The same thing happened to EOS and the same thing is happening to HIVE and ICP as well.

Yes, agreed.