What is Steem

Steem
Steem is the fundamental unit of account on the Steem blockchain.

All other units (Steem dollars and Steem power) derive their value from the value of Steem.

There is no need to hold on to Steem in its cryptocurrency form, it should be used either to buy Steem power, Steem dollars or be converted to Bitcoins.

Steem increases in supply 100% each year. Steem was first published as a whitepaper in March 2016.

The currency and platform were in Beta until July 4th 2016.

Steem Dollars
Steem dollars are the units used to reward users for posting and curating content.

Each Steem dollar represents the amount of Steem equivalent to 1 USD.

Steem dollars (or SMD) were created so that users won’t be affected by the fluctuating exchange rate of Steem.

Getting Started With Steem
Steem, another advanced money made to boost the utilization of Steemit, another examination in web-based social networking, has detonated in the previous couple of days, taking third place after Ethereum, with a present market top of more than $200 million, yet would this be able to really work or is it only a craze?

The stage has pulled in expanding enthusiasm with now more than 2,000 dynamic clients posting and voting. In the previous couple of days, it has started drawing in standard consideration because of its trial in boosting content creation and voting (curation). It has even pulled in a following with a few clients, for example, pfunk, saying that they discover the stage "genuinely gainful, fun, complex, [and] testing":