What is and how the new social network What is and how the new social network Steemit works works

Steem [edit]
It is the cryptocurrency on which Steemit is based. It is quite similar to Bitcoin, although a big difference is that it rewards more for the authors and curators than the creators of currency or miners.

The blockchain of Steem also has the base of other tokens: an asset called Steem dollars that intends to always have the value of an American dollar and that is used as part of the payment to authors and curators. Dollar time and time can be bought and sold in the cryptocurrency market.

Steem Power: Represents the influence that a user has on the social network compared to the rest of the users of the community and is measured in Steem. It can not be bought or sold but it can be transformed into Steem in a process that lasts 104 weeks. This method is called Off. When a new user registers, the platform gives a small amount of Steem power to each member. You can always get more power from power through a calling process that turns on when the Steem is transformed into Steem power. The more Steem power a user has, the greater the impact of their votes. If the content is voted by someone with a considerable amount of energy, then the mail will be rewarded with Steem, Steem Power or Steem dollars.
Steem Dollars: the dollar is an asset that has the same intention as the other American dollar. It can be bought and sold in the market of the crypts as well as the Steem. On the same platform there is an exchange value that allows the exchange of Steem dollars to Steem. This process usually lasts a week. United States dollars are reduced to 10% per year if they stay on the platform, but if dollars can be increased in value by exceeding the dollar, interest can be stopped. On the contrary, if the budgets are changed to a value lower than the US dollar and the amount of them is not very high, then the interest will increase. If the person chooses to convert textbooks into costs, there will be three things they can do with the style: sell it, use it as a cryptocurrency or turn it into a Steem power.