Steem's Blockchain is also the basis of other tokens: an asset called Steem dollars that is intended to always have the value of an American dollar and that is used as part of the payment to authors and curators. ... The more Steem power a user has, the more impact their votes have.

Steemit is a social network that combines the creation of content, interaction with users and the use of a cryptocurrency called Steem.

It is the cryptocurrency on which Steemit is based. It is quite similar to Bitcoin, although a big difference is that the rewards are more for authors and curators than for the creators of currency or miners.

Steem's Blockchain is also the basis of other tokens: an asset called Steem dollars that is intended to always have the value of an American dollar and that is used as part of the payment to authors and curators. Steem and dollar steem can be bought and sold in the cryptocurrency market.

Thank you