What is STEEM and how does it work?

in #steem4 years ago

The one-sentence answer is that it’s a distributed block-chain database that supports community building and social interaction with cryptocurrency rewards. It’s also the fundamental unit of account for Steemit, an online Reddit-like (but again, incentivized) information-sharing community that is based on the STEEM database platform. It’s like Reddit with an in-line crypto currency payment system that rewards content providers and curators with digital currency. The underlying asset is ownership of (or debt secured by) the platform itself.

To build a startup, or more specifically a platform ...

Sort:  

The Steem blockchain is currently being attacked by a central authority in order to take control of the witnesses. If you are not managing your witness votes, please consider setting @berniesanders as your witness voting proxy by clicking here to help restore the decentralization of Steem.

Coin Marketplace

STEEM 0.16
TRX 0.12
JST 0.026
BTC 60313.79
ETH 2889.34
USDT 1.00
SBD 2.47