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About STEEM
STEEM is the native cryptocurrency of the Steem blockchain, a social-media-focused network designed to reward users for community building through content creation and curation. Inspired by platforms like Reddit, Steem utilizes a Delegated Proof-of-Stake (DPoS) consensus mechanism to provide a fast, scalable, and fee-free environment for decentralized applications. The ecosystem incentivizes participation by distributing rewards to users who post and upvote valuable content, primarily through its flagship social media platform, Steemit. Within the ecosystem, STEEM serves as the primary liquid asset that can be converted into Steem Power (SP) for increased influence or Steem Dollars (SBD) for value stability.
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