https://steemitimages.com/DQmNRCEaw2UYYMMnr1wjPZ4d9jDbrAN1u4nQxWA9kRki6pi/image.png

<center><h3>What are SMTs?</h3></center>

I see a lot of confusion around what _exactly_ SMTs are, and also how they will affect STEEM.

According to the [whitepaper](https://smt.steem.io/smt-whitepaper.pdf):

>Steem’s Smart Media Tokens (SMTs) give anyone the power to launch and sell Proof-of Brain tokens, which are tokens distributed by “upvote” and “like”-based algorithms and can be integrated with websites to align incentives and spur growth, while websites are empowered to adopt sustainable, currency-centric revenue models. 

Which basically means if someone is using an SMT they are able to launch their own token with the same functions of STEEM (_zero fees, instant transactions, and upvote based algorithms_).

<center><h3>How will SMTs affect STEEM?</h3></center>

><h3>Costs of SMT Operations And Bandwidth Rate Limiting</h3>
Like STEEM, SMTs can be transferred on the Steem blockchain with zero fees. Steem replaces fees with bandwidth rate limiting based on the percentage of STEEM an account has staked, which means the blockchain calculates how much STEEM an account has temporaily vested to determine how much bandwidth the account is permitted for transfers, posting, and other operations across a period of time. In a future version of Steem, possesion of an account name could permit some small degree of bandwidth to allow for even greater user experience.

So the more an SMT grows, the more STEEM Power it will require for more bandwidth on the STEEM blockchain.

<center>https://steemitimages.com/0x0/http://i.thinimg.com/img/29ap.gif</center>
<center>[Source: @overkillcoin](https://steemit.com/promo-steem/@overkillcoin/steem-blockchain-capacity)</center>

<center><h3>Conclusion</h3></center>

So it seems that SMTs will be _great_ for STEEM, because the more demand that STEEM has, the more the value of the blockchain should be!!

Also with Steemit getting closer to 1 million users everyday..

<center>![Screen Shot 2018-03-26 at 10.21.27 AM.png](https://steemitimages.com/DQmZ5y1qrE1MnpS2S16PPuKW9x3PZwQ3tJVZhteCaFA61YU/Screen%20Shot%202018-03-26%20at%2010.21.27%20AM.png)</center>

<center>[Source](https://steemdata.com/stats)</center>

We definitely seem to be growing a lot fast than last year, and 2018 seems like it is going to be an exciting time for all cryptocurrency!

Let me know what you think in the comments below, and thanks for checking this out!!

<center>[Image Source](https://steemit.com/cryptocurrency/@littlescribe/smart-media-tokens-smt-explained)</center>

<center>Post - Vote - Earn 🤘😄🤘</center>

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<center>**Some helpful posts that I have made!**</center>

➣  [Best STEEM Apps!!](https://steemit.com/steemapps/@stealthtrader/best-steem-apps)
➣   [Why not STEEMpay? ](https://steemit.com/steempay/@stealthtrader/why-not-steempay)
➣   [STEEM On More Exchanges..?](https://steemit.com/steem/@stealthtrader/steem-on-more-exchanges)
➣  [The future Steemit Digital World](https://steemit.com/vr/@stealthtrader/the-future-steemit-digital-world)
➣   [Update your Steemit profile picture!](https://steemit.com/profilepic/@stealthtrader/update-your-steemit-profile-picture)
➣  ‍ [Steemit can save millions of Musicians and Artists](https://steemit.com/music/@stealthtrader/steemit-can-save-millions-of-musicians-and-artists)
➣ [The difference between a Minnow, Dolphin, and a Whale! ](https://steemit.com/steemit/@stealthtrader/what-is-the-difference-between-a-minnow-dolphin-and-a-whale)

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<center>[**The Digital Treasure Hunter: The different TYPES of cryptocurrencies!**](https://steemit.com/thedigitaltreasurehunter/@stealthtrader/here-are-the-different-types-of-cryptocurrencies)</center>

<center>https://www.youtube.com/watch?v=Ez5Zoh8G1Lk</center>

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<center>https://steemitimages.com/0x0/https://steemitimages.com/DQmVy6ttrtHBvUdb5FpWAgsC593Jas8U9RDZDJDRt6AEfmU/lee_stltrader.jpg</center>

<center>_Disclaimer: I am not an Investment Adviser, and this is not investment advice. This is for entertainment purposes only!_</center>