STEEM's future as the one of the most powerful backbones for decentralized applications (DApps).

Ethereum (ETH) is the king of utility coins. Currently, it hosts more than 1500 DApps. Also, more than 500 ERC20 tokens are based on ETH.

Due to DApps transactions, ETH's network is frequently congested and transaction fees on ETH network soars.

ETH can currenlty process up to 15 transactions at its highest capacity. However, recently ETH co-founder, Vitalik Buterin claimed that future upgrades "Sharding" and "Plasma" will able to process 1M transactions on ETH network.

On the other hand, largest ICO in the cryptocurrency ended with EOS crowdsale. EOS recently switched to main network. Though currently there is no DApp that runs EOS, Block One is hiring developers to build DApps on EOS mainnet.

However, STEEM holds the largest DApp- Steemit.com in the cryptocurrency world. It ranks topmost in Alexa ranking and also boasts highest number of accounts.

Though more than 350 DApps currently run on STEEM network, only 0.15% of the network is used. STEEM is already capable of 10K transactions per second. Both STEEM and EOS are based on graphene protocol which has a roadmap for 1M transactions per second in the future.

STEEM is also developing ETH's ERC20 like token with SMT and Oracle updates.

Currently, ETH has 100 times the market cap of STEEM (e.g. $61B vs 0.62B). But STEEM has highest transactions per day record, fee less and capable 10K TPS. STEEM already has one-fifth of DApps compared to ETH. Moreover, with SMT, DApps and ICOs on STEEM can only increase.

Currently, STINC developers are concerned about building a world-class infrastructure rather than aggressive marketing such as TRON. Once the autobahn (i.e. highway) is built, millions of cars will ply through it daily without congestion (e.g. ETH). STEEM blockchain will able to support 1000s of DApps and SMT (e.g. tokens). It will be one of the most powerful backbones for future DApps.

Turing-complete virtual machine

Disclaimer: This opinion is not a financial advice, it my personal perspective and opinion. Please seek professionals for financial decisions.

Image sources: Most images are open sourced (e.g. Pixabay, Wikimedia etc.) with Creative common license. Some images are used with due courtesy to respected owners.

Thanks for reading.
@riseofth
Cryptominer since 2013, occasional trader and tech blogger