What is STEEM and how does it work?

in #steem • 5 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 ...

5 years ago in #steem by
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     5 years ago 

    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.

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     5 years ago 

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