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RE: [Steem is on fire!] After Hardfork 19, my vote is worth $5-6 and that gives power to spread some truth to the great people !
Hi, as a brand new user to this platform, can you advise or point me to where I can research what the difference between Steam and Steam Power is. Is the $ amount referred to in https://coinmarketcap.com/currencies/steem/ in reference to Steam/Steam Power or Steam Dollar. Would appreciate you guidance.
Sure, there are people who made different videos on youtube describing the details of Steem Power.
I will also explain here in text. Steem Power is the stacking version of Steem. When you power up Steem into Steem Power, your vote gets stronger. When you want to get the Steem back, you have to power down Steem Power and that takes 13 weeks, equal weekly payments.
Steem backed dollars, is a extra currency pegged to the US dollar. It is suppose to be valued around 1 dollar, so that if you want to hold "dollars", you can do it in Steem Backed Dollars and don't even need a bank account to do it!
Thank you so much- much appreciated. keep up with the great content.