Things are really starting to heat up for Steem.
It appears there are 500 DApps in development. This is a great deal of activity, something that is certain to grow over time. We are quickly becoming a blockchain which is application-centric.
Will all of them thrive and excel? No. In fact, the majority might fail. However, there is a good possibility that there are a couple of applications in there that will really take off.
Where do I get this number from?
@dlux put out a post yesterday that discussed a number of interesting things.
To start, @dlux mentioned the fact that EOS initially was rumored to be a VR social netowrk. This, perhaps, was one of the causes in the run up in price which hit almost $20. Since that time, like a lot of other coins, it pulled back. Whether that was a reason for EOS run, that blockchain is seeing the same situation as Steem: slow user growth. It is an industry-wide challenge.
Whatever the effect on EOS, there is no doubt that VR is one of the upcoming technologies. Having that ability on Steem through the @dlux application is a real bonus.
However, in that article we find this tidbit.
This is Steem though, a wonderful ecosystem with a frequented social network as well as over 500 dApps in development.
https://busy.org/@dlux-io/56szwz5ouyqwjonyg4p44u08ow2qz42r
Personally, I do not know where these numbers came from or how the @dlux team uncovered them. Since they appear to have their finger on the pulse of things, I will have to go with what they say. Logic tells me they are not incorrect with all the different projects I saw mentioned over the last few months.
This is important because one of the advantages Ethereum has over the rest of the blockchain world is developers. They were able to attract ten of thousands of people to bang out code. This is resulting in a lot of applications being developed on that blockchain. The challenge it has, of course, is the scaling problem. This is something that Steem will not face for a long time, if ever.
Development is key and we are seeing the result of it. Thus far, there are a handful of applications that appeared. From these stats, it looks like we are going to see hundreds of more appearing.
Speaking of applications, there is one that seems to go under the radar yet can be huge.
One of the biggest drawbacks to STEEM is that there is no direct way to convert Fiat to STEEM. This ability would expand the reach of STEEM enormously.
Speaking of reach, the push to get STEEM listed on NETCOINS continues. It is coming down to the wire and STEEM has about a 1,000 vote cushion. I just placed my last vote if it does end today. Everyone needs to get their last vote in if they can.
In addition to this push, we now see the ability to trade STEEM and SBD on the Stellar Decentralized Exchange via tethered assets. Stellar is one of the top blockchains in terms of marketcap residing in the top 10. Their exchange is similar to centralized ones like CoinbasePro, an exchange that we hope picks up STEEM.
@steemanchor is created by two Steem witnesses, @upheaver and @therealwolf.
This application allows one to deposit STEEM or SBDs into the account. It will create the tether assets on the Stellar exchange which then can be used for trading. Since this new asset is Stellar based, it can be used with any application on the Stellar network.
It is a fairly straightforward system. STEEM goes into the @steemanchor account, mints the new tethered asset on the Stellar network, that token goes out to all the applications, and this is reversed including a burn of the tethered asset when moving back to STEEM (or SBD).
Since, according to their post, the Stellar DEX has the ability to handle Fiat currency, we now see the ability to deposit it to buy STEEM.
https://busy.org/@steemanchor/introducing-steem-anchor
There is another point to consider with the ability to access the Stellar Network. IBM's blockchain program does a lot with Stellar and has many projects starting to integrate with it. This potentially could allow Steemians direct access into some large applications built by major companies.
One final point regarding this application. According to their post, SMTs will also be eligible for this exchange. That means that we are going to see a way to instantly convert SMTs to outside currencies, including Fiat. This should help to create a market for them.
Head over to the announcement post and check out some of the links.
Another day, more exciting news.
If you found this article informative, please give an upvote and resteem.
Thank you for mentioning us and explaining the main benefits of the service in such a clear and concise way!
Our hope is that Steem community will realize what a huge impact this can have towards general adoption and will start actively seeding the STEEM and SBD markets on Stellar over the next few days 🚀.
you are welcome @steemanchor.
I love seeing projects like yours. The reach of Steem is expanding. By giving STEEM another access point, you just enlarged the scope. We now can use STEEM for applications on the Stellar blockchain. While it does require a conversion, it is direct and, appears, fairly simple.
This is a big deal in my opinion. Being able to use STEEM elsewhere is paramount.
Thank you for the continued exposure for dlux.io!
Depending on your definition of a dApp we might be wildly understating how many dApps are on Steem. For instance every one of the posts to dlux.io is a dApp all it's own. You can verify it's integrity via blockchain data and run it client-side to achieve the desired outcome: from distributing interactive content, to keeping up with data stored on blockchain like our ICO calculator that is also a trust-less and free point of sale system.
Our goal has been to lower the barrier for entry... and we are currently sitting at a barrier to entry of internet access and a Steem account. Allowing anybody anywhere in the world to add points of interaction to their world at the cost of printing a QR code, or freely distribute social VR like classrooms and games... all with the potential to earn Steem.
Considering the importance of the NETCOIN contest I'll whip up a dApp just for the occasion.
We are @dlux-io though | will edit if you do ;)
You are welcome. Trying to learn the platform and what it can do.
Certainly holds great possibilities.
I think you hit the nail on the head with regards to more developers are needed to make steem or any crypto gain full wide adaptation. The crucial question art of a development in a coin will be ease of us but be the most advanced in features in the crypto space. It's a encouraging sign that more developers are active in steem dapps. Hopefully this will bring future growth and higher evaluation for steem. Thanks.
Ease of use is the next step in the crypto developer's world. We cannot have it so difficult going forward.
This seems super cool. When i bought steem a while back the transaction fee was a lot. I think this will really help that. And, it seems a safer way to go too. Great Share! Thank-you!
I just voted a third time. Steem’s lead is down to 14 votes. They are now using the picture version of captcha.
STEEM getting trounced now.
It looks like Verge might have used some bots.
I wonder if it will hold up.
Verge is currently in the lead in the netcoins contest, by about 175 votes. We need a strong final push today. Get out the vote!
How did verge manage to get around 1500 votes in a few hours?....
If they are dodgy, some of them at least will get cancelled out. We were 1100 up when I voted and Verge had only managed 8k in the past week so catching up in a couple of hours if definitely dodgy.
Posted using Partiko Android
Just a guess but I would say bots.
I hope it gets picked out by netcoins.
Potential for Steem is great and the addition of these exchanges is a great way to add liquidity needed to support the entrepreneurial mindset being established here. Access to fiat (Stellar DEX) and merchants (Netcoins) could be a pivotal moment for the ecosystem.
Congratulations @taskmaster4450! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
Well @flauwy this tool will help @steem-1up to link fiat with the Up tokens.
Hi @taskmaster4450!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 6.074 which ranks you at #283 across all Steem accounts.
Your rank has improved 1 places in the last three days (old rank 284).
In our last Algorithmic Curation Round, consisting of 270 contributions, your post is ranked at #14.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server