Steem Decentralized Sharing Blockchain dApps On The Rise, Outpace EOS Network Growth

Steem On The Rise

The world is experiencing yet another phase of the technological revolution. Digital currencies are on the rise.

Perhaps the increase in the use of these technologies is because they are secure and very convenient. Now the technology has moved an extra mile which allows for the decentralization of the apps used in this technology. Many platforms have come in to exploit this emerging development. Among the leading platforms is the Steem network.

Since it was launched, the platform has seen a growth in the number of DApps. In the platform, you can find several DApps. Most of them have social features. Others include apps that deal with media and gambling.

A Look At Steem

In a bid to entice more developers to share their apps on its platform, Steem pays them using cryptocurrencies. These payments are in the form of the various tokens. Out of the tokens, STEEM tokens tend to be very popular compared to others. On a typical day, they trade more, and their trade volumes can run into millions of dollars.

The platform has its fair share of challenges. Users have associated it with fraudsters and inefficient user experience. However, the platform seeks to add more products and services to its system this year.

Other Players

Steem is not the only platform which allows the various creators to share their apps. Between November and December 2018, 26 new apps were added into the different platforms. Ethereum (ETH) was one of the biggest winners.

Last year, the platform witnessed more than 100 decentralized apps added on its platform. Another platform is EOS. Although it is not as popular as Steem, the platform saw an extra fifty-six dApps into its system in the year 2018. Moreover, it has more than forty thousand users on a daily basis.

Positive Outlook

Although cryptocurrency has been associated with a lot of speculation, the industry is experiencing a significant shift. New developments have seen the industry pay more attention to the practical use of the technology. Gone are the days when users concentrated their efforts on trading these currencies. Nowadays, they are focusing on coding terminals.

Perhaps this shift is being witnessed because these users are trying to have a say in how the blockchain technology will look like in the future. It is encouraging seeing that an industry which was once associated with a lot of instability is now maturing and winning the hearts of many users.

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