Why is Steem important to traders?

The competition is fierce as the blockchain niche is developing at a fast pace. However, Steem (STEEM) has an edge over many other cryptocurrencies due to its unique properties and applications. Introduced in 2016,
Steem is an innovative content-driven social network and blockchain. Its goal is to provide a platform for decentralized application (DApp) hosting and decentralized data storage. As such, the platform is a “blockchain database that supports community building and social interaction through cryptocurrency rewards”.
The answers followed through Steem have addressed critical problems just like the fee of transactions and volatility. By the use of a sophisticated Delegated Proof-of-Stake (DPoS) as consensus protocol, fee-unfastened transactions and a quick block time of 3 seconds have become possible.
The Steem blockchain has a massive quantity of DApps strolling on it. Steemit, a famous decentralised running a blog platform, become the primary app to utilize the Steem protocol, imparting human beings the hazard to earn cryptocurrency rewards through developing and curating content. Since then, the quantity of DApps has grown significantly. In 2018, forty four in line with cent of all money owed at the Steem blockchain had been lively DApp users.
STEEM is a native cryptocurrency of the Steem blockchain. Other two units are Steem Power and Steem Dollars, with both deriving their value from the value of STEEM coin.
Steem aims to change the way social media works. By allowing users to earn the Steem cryptocurrency for their active engagement, the project encourages people to contribute to the creation of quality content.