Introduction to steem

How are you?Hope so everyone would be safe and sound just like me as I am also safe Alhamdulillah....

Today I am going to talk about STEEM basics which every steemian should know so this going to be an informative post for those who want to learn that what actually STEEM is.

Steem is basically a blockchain based platform that works just like social media works so it is that which give rewards to users with cryptocurrency(STEEM)when they write blogs here,interact with each other or earn curation rewards.STEEM blockchain was founded in 2016 by Ned Scott and Dan Larimer.STEEM major purpose was revolutionizing a way in which people may communicate with each other online by giving a decentralized, community driven alternative to other social media platforms which are traditional.

If I talk about history of STEEM then it was launched in month of July 2016 with its initial coin offering that raise over $250,000.From that time STEEM has grown into one of biggest blockchain based social media platforms with multiple users in all over the world.

STEEM works on blockchain network so utilize a unique consensus algorithm which is Delegated Proof of Stake (DPoS). Users first of all create their accounts and post their creative content which is upvoted on by community curators. If a user is receiving more votes at his/her post then more would be visibility and potential rewards of his/her content.

Steem blockchain native currency is STEEM through which Steemit team can give rewards to content creators and curators. STEEM can be traded at multiple crypto exchanges and is utilized for buying multiple goods and services in Steem blockchain ecosystem.

Steem blockchain is offering multiple innovative features which includes decentralized storage of content,community driven moderation,cryptocurrency prizes for content creators and curators as well as voting system for promotion of unique and worthy content.

If I talk about Steem ecosystem then it contains multiple components which include first of all steemit which is mainly social media platform and then steem Wallet in which users may store their earned tokens in form of liquid steem and locked steem in their power and then steem engine which is again an application platform that is decentralized also.One open source API is for developers which is steem API.

Steem blockchain is offering diverse range benefits to its users which may include censorship resistant content publishment,financial incentives for content making,community driven decision making , clearity and safety through blockchain technology and chances for social communication and networking etc.

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Steem community is wide, interesting and active with its users from whole world which are contributing their unique content, engagement in discussions, and participations in community events.

If you want to join Steem community then first of all you need to create an account at steemit platform in which you have to just verify your email address and then you can start exploring the platform and interesting thing is that you are free to create your account and register into this platform without any investment. Users can engage with others by making interesting and relevant comments, upvoting, and sharing content. With its uniqueness of social media and crypto offering steem blockchain is offering an exciting chance for individuals to stay updated,connected,sharing content and then earning rewards.

That was all about a brief into the action of this platform and native currency of this blockchain so in my next articles I would share a tutorial about creating accounts at steem from different ways but before that I would share some of the interesting information in my next post about STEEM white paper.Till next post I want to say Allah Hafiz to you all!