Steem and Tron Forge Atomic Swap Partnership
In this episode, the host provides an update on the recent developments surrounding the Steem blockchain and its partnership with Tron. The key highlights are:
Atomic Swaps Between Steem and Tron
- Steem and Tron have announced a partnership to enable atomic swaps between the two blockchains. This will allow users to leverage the unique features of each platform, such as Tron's smart contracts and Steem's social features.
- The host sees this as a positive step, as it creates a "mutual win-win" by bridging the two chains while allowing them to remain sovereign.
Steem's Resilience and Governance
- The host praises Steem's resilience, noting that if other blockchains had gone through what Steem has, they likely would have "died a long time ago." This is a testament to Steem's strong community and governance model.
- The host believes Steem's delegated proof-of-stake (DPoS) governance has proven to be more agile and scalable than other consensus models like proof-of-work (used by Bitcoin) or proof-of-stake.
The Future of Web3 and Steem's Advantages
- The host argues that the future of Web3 will be more focused on anonymity and stake-based systems, rather than centralized identity verification (KYC) approaches like that used by Voice.
- Steem's text-based, decentralized account system and social features position it well to be a foundational layer for Web3 applications.
- The host envisions a future where users can seamlessly move their content and accounts between different front-ends built on top of Steem, ensuring censorship resistance and data portability.
Resilience and Perseverance
- The host draws a parallel between Steem's resilience and the training of U.S. Marines, where the groups that succeed do so because they stick together and refuse to quit, even in the face of extreme adversity.
- The host encourages the Steem community to continue trusting the witnesses, builders, and promoters, and to focus on their respective roles in order to collectively strengthen the Steem ecosystem.
Overall, the host presents a positive and optimistic outlook for Steem's future, emphasizing its technical advantages, resilient community, and the exciting potential of its new partnership with Tron.
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