[EP202] - SMT vs Steem Engine Tokens

in #dtube • 5 years ago

Hi everyone!

Hope you're all well!
Welcome to my video made exclusively for D.Tube.

I basically think out loud about my confusion about the use cases between SMTs and Steem-Engine tokens. I absolutely think there is room for both, and I think that at some point I'll need to create a token for a community I'd like to build, and I'm not super sure which solution would be best for what I want to do.

What do you think?

Thanks for watching!




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#smt
5 years ago in #dtube by
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     5 years ago 

    wait for SMT.

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     5 years ago 

    Thanks Phil!!

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       5 years ago 

      I guess that @gtg can explain that. I'm also not sure about what's SMT's and why people are so excited about them. I understand the consept of steem-engine, but some people seems still waiting for SMT's to start building something and they prefer them more. I hope someone will be able to explain what's that exactly and how it deffers from steem-engine and is there a difference at all ? I aksed @yabapmatt about that he explained I think something in this video :

      But I'm still not sure.

      In my understanding that SMT's are better because they will be directly built on steem and not only in a website. Can we consider steem-engine as a blockchain ? Like a blochchain built on a blockchain ? I don't know.

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       5 years ago 

      I have heard the phrase side-chain thrown around, so maybe it is a blockchain on a blockchain. I think Steem-Engine tokens are more simple than SMTs, it's basically an exchange where each user has a wallet. SMT will actually be alongside Steem, SBD and SP. Still not really sure about the pros and cons of either though. Thanks for your comment as always!

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         5 years ago 

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