Hello everybody. I hope all members will be fine.Today I am here to discuss about crypto currency(steem) in today's topic we will discuss that what is steem. And how can we use this crypto currency . I hope you guys will like this post.

Let's start

STEEM

STEEM acts as a unit of account and is meant to be transacted from peer- to- peer for goods and services. Steem is actually a crypto currency like bit coin and other currencies.

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STEEM POWER

STEEM Power druggies have the option to lock away their STEEM for 13 weeks in return for an interest payment on their locked finances and fresh benefits on the network.the act of locking the finances is called powering up, and the locked finances are appertained to as “ STEEM Power.
The further STEEM Power an existent has, the further influence they ply over the distribution of the prices pool the fund where 75 of each block price is transferred when they bounce on content. In addition, 15 of the monthly affectation on the network is distributed to STEEM Power holders; The quantum of these commemoratives the stoner receives is commensurable to the quantum of STEEM Power they hold relative to the total quantum of Steem Power that's vested.

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Unlike STEEM, STEEM Power isn't separable and can't be transferred to other druggies on the network, STEEM Power is solely used for vesting.

POWER DOWN

When an individual decides they no longer want to lock their finances down, and would like to conclude out of STEEM Power, that act is called “ powering down; ” and is initiated when druggies withdraw their STEEM Power to STEEM. still, the formerly vested commemoratives are distributed to the stoner over a 13 week in equal- sized payments, the first of which is released one week after the pullout request. After the powering down he will be no more in steemit platform.

STEEM BLOCKCHAIN

STEEM Blockchain Bones( SBD) STEEM Blockchain Bones grease easy exchange between STEEM and edict currency. Each SBD represents the quantum of STEEM commemoratives that can be bought with$1.00. For that reason, SBD is more like an IOU than it's factual power of the beginning asset( s). Although SBD entitles you to the beginning quantum of STEEM or USD, SBD doesn't represent a share in either STEEM or USD until the SBD is redeemed.

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All SBD holders are paid interest on the quantum of SBD that they hold.

HOW CAN WE WITHDRAW STEEMS FROM STEEMIT WALLET?

There are many exchanges for this purpose. We can easily withdraw steems in our own currency through binance exchange and bittrex exchange. First of all we have to transfer steems from steemit wallet to exchange. Then sell on exchange through trading and then we can withdraw from binance or bittrex.

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Thanks to all users. If you people like my post , share and resteem. Hope this post will be informative for other users.

Special mentions to

@steemkidss
@ngoenyi