So you have STEEM the cryptocurrency and STEEM POWER
STEEM is used to trade on the exchanges
STEEM POWER is used to create more STEEM (+10% STEEM is being made each year)
Steem can be converted to steem power, by doin this you get more influence in the network as it increases your vote size (you get to descide where the newly created steem goes to)
Steem power unlike steem is 'locked up' and can only be withdrawn in parts over time.
The more steem power you have, the more your upvote will be worth.
So you have STEEM the cryptocurrency and STEEM POWER
STEEM is used to trade on the exchanges
STEEM POWER is used to create more STEEM (+10% STEEM is being made each year)
Steem can be converted to steem power, by doin this you get more influence in the network as it increases your vote size (you get to descide where the newly created steem goes to)
Steem power unlike steem is 'locked up' and can only be withdrawn in parts over time.
The more steem power you have, the more your upvote will be worth.