What is Steem?
STEEM March 2016 SHA-256 No max.
Steem represents a fusion of ideas, taking advantage of both social networks and cryptocurrencies to create a new type of platform. This could be described as a platform formed by a database that runs on a chain of blocks. Anyone can create, share or promote content on the Steem network, earning cryptocurrency tokens based on performance within the community.
Steem's main platform, called Steemit, is a social network built on top of the Steem block chain. Steemit is similar to popular social networks like Reddit and Medium, but rewards users with cryptocurrencies for their participation. Steem has become an extremely successful social media with a massive user base
The idea behind Steem is that, instead of a centralized organization that obtains all the benefits of the content generated by users, the users themselves can earn for their work! And this is how we eliminate intermediaries and third parties that profit from content on social networks, leaving their creators with a small percentage of the capital produced, or in many cases, with nothing.
As a result of this idea, in March 2016 the Steem social network was born: Steemit.com, structured on its blockchain. The software offers an interface similar to any classic social network, however, user interactions are rewarded with Steems, the network token.
That means that any post, article or other contribution published in Steemit are rewarded with Steems. The amount of the rewards depends directly on the success of the publications; so the more positive votes, opinions, shares, etc. receive the contents, the more token its creators earn.
In this way, the users of the network will obtain profits by evaluating or publishing content in the network and the received Steem Coins can be spent within their own ecosystem or in an exchange.
