Exploring Cryptocurrency Facts and Resources
With the dramatic rise in Steem price over the last few weeks - many within the cryptocurrency community are taking notice of the major benefits built into the Steem blockchain. It’s an exciting time to explore and dig into facts and statistics. What makes one cryptocurrency more impactful than the next? How are they different and what are the potential use-cases for each one?
Steem is an incredibly unique and powerful cryptocurrency. On the “book cover” (so to speak) we have the website Steemit.com, which is just one example of how Steem can be utilized as a currency for online content. Steemit.com is an incredible and empowering example, but it’s also just 1 beta application built on the Steem blockchain. Just 1! Right now there are actually dozens, hundreds in development (check out @noisy's Steem Projects and Steem Tools by @roelandp + @transisto to explore). It’s important to remember that Steem is only utilizing 0.1% of it’s blockchain capacity right now. It can handle a lot more applications than it does currently and it’s infrastructure was designed with that long-term outlook in mind.
Steem, the Tx Volume Machine
Volume handling is a majorly important statistic in the blockchain world. When it comes to adoptibility, cryptocurrencies need to be super fast and not easily overwhelmed by a flood of transactions. Perhaps it’s not well known, but Steem actually leads the pack when it comes to handling volume. Today (Jan. 4th) Steem has handled an all-time record of 1,388,172 transactions. That’s the most of any blockchain, ever. And remember, that’s still just 0.1% of Steem’s capacity.
Steem from A to B with Zero Fees
Steem has zero fees. You can sent 0.001 or 1 million Steem from one wallet to another without any cost. This might not be super exciting to some, but the costs of moving cryptocurrency from one wallet to another can actually get pretty pricey. All cryptocurrencies can move from one geography to next (USA to Korea, etc.) without costs linked to that physical place. (This represents one of the major benefits over fiat currencies, because those carry hugely biased fees that depend on precisely where you are in the world.) But some blockchains require micro-fees to incentivize the processing of transactions ahead of others. Steem does it for free.
3 Second transactions, flat.
Speed is critical when it comes to blockchain utility. Steem has a flat 3 second transaction time. You can move any amount of Steem from one wallet to another under the reliable umbrella of that 3 second rule. This speed isn’t just helpful, it’s flat out rare in the blockchain world. Bitcoin used to take minutes, now it takes hours or even days to process from one wallet to the next. Ethereum? Well, as much as we like Ethereum, they do have a bit of a cat problem. This statistic isn’t meant to bash other coins, it’s just to keep in perspective when you’re looking at the utility from one cryptocurrency to the next.
Let’s Visualize it!
With all these amazing facts in mind, we @sndbox want to incentivize some creative and iconic infographics that celebrate our favorite cryptocurrency; STEEM. So we’re calling on our creative followers, incubator fellows and the broader Steemit community to put their illustration and animation skills to the test!
Infographic Contest Rules
To be eligible for upvote prizes, please follow these instructions -
- Create a visual (JPEG, PNG, GIF or @dtube animation video)
- Publish a personal post using the graphic, tell us a bit about the inspiration behind it!
- Use #sndbox in the tags so that we can find and upvote you.
- Share your image (with a link to your post) in the comments below.
- Submission deadline is Thursday, January 11, 2018 5pm EST. Earlier submissions are recommended to receive more exposure! We will reveal the winners in a post next Friday.
Upvoting Prizes
Standings will be determined by the Sndbox team and prizes will be as follows -
- First, Second, Third Place = 50% @sndbox upvote
- Fourth and Fifth Place = 25% @sndbox upvote each
- All other contest participants will receive a partial @sndbox upvote!
Inspiration, Tips and Resources
Please remember to share your Steem Stat graphic in the comments below along with a link to your post! Make sure to check out blocktivity’s website for some important up-to-date statistics. Also @penguinpablo’s daily Steem Stat reports that illustrate super helpful and up-to-date metrics! Good luck and Steem on!
Want to support Steemit content like this? Consider joining our curation trail! You can learn more about the @sndbox incubator mission here.
Hi there everyone! Here's my entry for the contest
Here's the link to the post, please check it out and leave your comments!
Nice work and great infographic! :D
Thank you ♥
Here is my entry to this amazing contest, you guys are always encouraging people to create, and spread great content, keep on it @sndbox.
Link to the post
This is fantastic! What a great infographic @fivefiveeleven thanks so much for your creative submission!
I'm really happy you guys like it :), thanks for giving us the chance to show a bit of creativity.
https://steemit.com/steemit/@kyriacos/steemit-promo-still-waiting
Amazing job!
Powerful visual @kyriacos! Thanks for submitting this :)
Steem is FAST
Awesome entry @kimzwarch!
Thanks :) Happy to contribute.
Cool concept @kimzwarch!
Thanks :)
Steemit will be the #1 platform in 2018, its ease of use, scalability, and overall appearance make it ahead of everything else. The recent increase in Steem price is testament to that :)
Hello 😀 Here is my entry, and my post is here
Original entry. Different from the others. Lacking in stats but it emotes!
Thank you! Yes, I had a hard time choosing which numbers to write down, the numbers keep changing. So I kept it visual. It was important to me that the gif stays up-to-date for as long as possible. I went with this solution 😅 Its about how much volume STEEM handles and its speed, I hope it comes across?
I think it does. It stands out because it has a very different approach than all of the other entries.
Hello Friends & @sndbox!
this is my entry:
The link of my post is >>here<<
I hope you'll like it. Thanks! :-)
Hi @sndbox.
Here's the link to te post.
Hello! I created steemit-ball comic story, just to promote the site and community, and i think it suits to this contest, because it's just about steemit actual power. I posted it 3 days ago and found this contest now, so i just added sndbox tag to it, i hope it will qualify, please let me know :) https://steemit.com/life/@centauri-alfa/first-episode-of-short-comic-adventures-of-the-steemit-ball-1
My small entry - promo clip for Steemit.com
https://steemit.com/dtube/@kingyus/07qs845i
Hey, this is my entry for the infographic contest :
[THE POST]
I hope you enjoy it and good luck to all competitors !
I'm trying to participate, maybe this is what I can do @sndbox
https://steemit.com/sndbox/@syifauna/standing-or-struggling-2018-01-07-16-50-16
If this is bad forgive me, I've tried my best 😊😊😊
If people are looking for a great example of animated infographics... check out this one called "Still Waiting" by @kyriacos
this is awesome! super cool!!
Exceptional!!!
This is my entry for the Infographic contest: https://steemit.com/sndbox/@creativista/infographic-steemit-or-bitcoin
Good luck to all! And thank you @sndbox for encouraging us to create.
Hello @sndbox, my project is ready for this contest.
My post in here
Başlığı beğendim 👌
Teşekkürler 😊
Full props go out to @kyriacos whose original infographic post inspired this. https://steemit.com/steemit/@kyriacos/steemit-promo-still-waiting
Also for @voronoi for highlighting it.
My main concern in creating this infographic is that I feel that infographics about Steemit do not have enough seagulls getting squashed by crypto-coins. To rectify this obvious oversight I endeavoured to fix this glaring omission with my submission. @sndbox
Source https://blocktivity.info/
Wow, that's amazing. It's funny and it has the stats. I'm still not sure if there are enough seagulls though. What software did you use? After Effects?
Thank you. How did you tell it is after effects? Just a feeling i guess. It was animated in After Effects then the gif was generated in Photoshop.
I couldnt't tell, it was just a guess. It's just because I use it myself.
I am not good with info-graphics but I can do small 3d animation, can it counts?
Absolutely! Any kind of visualization is welcome :)
Hi, I went into the contest and the picture I made is here. hopefully i win. Thank you.
my post in here
2018 is the year of #steemit.
Thank you @sndbox for promoting this post together with https://steemit.com/cryptocurrency/@mohamed118b/usd1k-next-ether-price-climbs-to-new-record-high
Thank you @sndbox, I did my contents and here is the link to it.
https://steemit.com/christian-trail/@empirefashion/don-t-be-lazy-work-to-have
I have challenges uploading the images here
I just joined the contest. You can check out my entry here. You can leave your feedbacks.
Nice contest keep the fire burning @sndbox
I'm sorry I'm coming in for the contest so much close to the deadline, but I discovered it a bit late. Still, I managed to put together a video entry I'm actually happy with.
Here is the link:
A few screens:
hi friend
i am watching for the first time and hopefully it will go for long time
Steem is great platform, and i think price of steem will moon in short period of time
Check out my latest post - Thanks
Link to the post
The struggle is real ;)
This is why facts matter so much right now. Highlighting the technological advancements that crypto provides will be a big part of what pushes it towards adoption.
What an excellent idea for a competition: infographics + cryptocurrency + prizes. I'm actually salivating.
We're excited to see what everyone comes up with!
thank you friend, i like this post
And there is one thing we all noticed with the brusc raise of steem. There havebenn many many steem sent to withdraw. Not investing in the steem community is not a thing we shoukd be proud of. Feel so bad for few individs activating on steem with no good interests.
Now Steemit is an exciting platform. I'm very new here but happy to join before masses.
Thank you very much for the indications it is good to know that we have people who care about new users and give directions like this
The heavy/high rate of steem shows that steem is going to rule thd world currency. And Steemit is goimg to be what everyone is going to rely on.....
Your challenge was added to Steemit Contest Compilation (01.01-07.01): Win free SBD and STEEM for current week.
Thank you @sndbox for giving Steemians (especially minnows) a chance to get huge free upvotes!
The world of steemit will be greatly fascinated by future thinkers by relying on new ideas and creativity ...
greetings...
great stuff here. just added more knowledge on my block chain journey :)
That mean is like this?
https://steemit.com/steemit/@zakir43/achievements-at-steemit-personal-experience-pencapaian-di-steemit-pengalaman-pribadi
Or how? Sorry, my english still bad.
From steemit to steemit
I want to be part of the community @sndbox
thanks for sharing! @ericjordan
This is a great contest, notwithstanding the fact that i can't participate because dtube refuses to upload any of my videos. But great work @sndbox.... You give minnows like me hope for the future.
hello, you article is very good, I want to translate it into Chinese, do you allow me to use some picture that in the article?
Good luck to all the participants!
Here's my entry...
Right here
Best regards, i share my participation in the contest hosted by you. Thank you very much. Happy day.
https://steemit.com/sndbox/@samic/infographic-contest-steem-much-more-than-a-cryptocurrency
Hello @sndbox am finally done with my own entry, took me 6 days to accomplish and I must say am proud of myself because I achieved new heights in my editing and graphics journey (created the first steem 2d coin) under rush Lolz... Here is the link to my post where I have the animation video and I promise it will be worth the effort because I put a lot of time and playful but creative effort into it. https://steemit.com/sndbox/@dee-y/crazy-steemit-blockchain-infographic-like-you-have-never-seen-before .