Editor's Note: This article comes fromVernacular Blockchain (ID: hellobtc), Author: JackyLHH, reproduced by Odaily with authorization.
Editor's Note: This article comes from
Vernacular Blockchain (ID: hellobtc)
Vernacular Blockchain (ID: hellobtc)
, Author: JackyLHH, reproduced by Odaily with authorization.
On June 1, 2019, block.one held a meeting in Washington DC to celebrate the first anniversary of EOS, and at the same time released a social product: Voice. Yesterday, the official document stated that the beta version was first promoted in the United States on February 14, and then extended to the world.Although this product is still in the internal testing stage, many netizens said that it is a replica of Steemit on the EOS blockchain.
Is it really?
To answer this question, we first need to understand the Steemit blockchain project.
Steemit is a blockchain project created by BM (Daniel Larimer) after leaving Bitshares
, positioned as a decentralized social media platform. Like Voice, Steemit was originally created to allow excellent content creators to get the rewards they deserve, rather than centralized social media platforms such as Facebook and Weibo, where users contribute high-quality content, but most of the proceeds All flowed into the pockets of the company.
So, how do you discover and encourage quality content creation?
This starts with Steemit's Token design. Steemit, a blockchain project, has a total of three Tokens: Steem, Steem Power (SP), and Steem Dollars (SBD).Steem is the platform currency of the Steemit platform, which can be simply understood as "cash" on the platform. On the Steemit platform, you can get Steem by publishing articles. Steem can refer to certain trading platforms for exchange, such as exchange into BTC or USDT.Steem Power can be simply understood as the "equity" of the Steemit platform. Since it is an equity, the holder is equivalent to a shareholder and can enjoy the benefits of shareholders: first, Steem will issue additional shares every year, and part of the additional issuance will be distributed to these shareholders in proportion to the number of Steem Power held; The more Steem Power you have, the greater the influence, and the more benefits you will bring to that article when you like and comment on an article.
When publishing an article, the system defaults to 50% of the income in the form of Steem Power, and the remaining 50% in the form of Steem/Steem Dollars. Of course, you can also set all the proceeds to be given in the form of Steem Power.
Steem Dollars can be simply understood as the "bonds" of the platform. First, Steem Dollars and USD remain stable 1:1, similar to
Stablecoins such as USDT
;Secondly, holding Steem Dollars can get fixed interest, similar to bonds.
Therefore, for authors who create on Steemit, they can choose Steem for short-term cash out to obtain income, or choose Steem Dollars to maintain and increase value and retain a certain degree of liquidity. If you are optimistic about the development of the Steemit platform in the long run, you can also choose Steem Power to become a "shareholder" of the platform.When Steemit was first launched, it was very popular among the public, and its market value was once squeezed into the top ten blockchain projects. But it didn't take long before some problems gradually emerged:First of all, many authors have joined together to like and comment on each other to earn money, instead of deciding whether to like or not based on the quality of the content. This goes against the original intention of creating Steemit to discover and encourage high-quality content creators. Social media blockchain projects like Steemit that currently exist on the market have more or less similar problems.
