Steem School EP 24 - The Difference Between Steem, Steemit, Steem Power & Steem Dollar

 

Too many people confuse Steem, Steemit, Steem Power & Steem Dollars so it is time that someone explains again what the differences are.

I recommend everyone to read the complete Steemit FAQ, by the way, it is a fountain of knowledge!
 

Steem

Steem is the blockchain technology and it also a cryptocurrency.

You can convert the Steem currency to Steem power, trade it for other Cryptocurrencies, sell it or buy more of it.
 

Steemit

Steemit is the website here! Steemit is not a cryptocurrency.

Steemit is this website where you are all posting your comments and articles on.
 

Steem Power

You can buy Steem Power, you can buy delegations (rented Steem Power) and it is used to upvote things.

You get Steem Power for all your comments and posts that have received upvotes.
 

Steem Dollars

Steem Dollars is the second cryptocurrency which you can trade for other cryptocurrencies, buy more of or sell.

Unlike Steem you also get Steem Dollars for every comment and post that has received an upvote.
 

Summary

This a simple explanation of Steem, Steemit, Steem Power & Steem Dollars.

If you still have more questions about these terms then simply write your questions into the comments and I will answer them as soon as possible.

Sometimes I also answer such questions in the forms of posts, if I do so you will have to wait for your answer.

In that case, I recommend that you use Google.

And that's already it for today! Make sure you join my new Steem School Discord server to meet other people that want to learn more about Steem & Steemit!
 

Get More & Higher Upvotes: Steemfollower

Convert your Bitcoin to EUR/USD (Europe): Wirex

SteemSchool Discord Community: Discord

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