AN OVERVIEW OF STEEM – A BLOCKCHAIN-BASED SOCIAL MEDIA MODEL

Bringing the qualities of Blockchain to the domain of online social networking, Steem facilitates the development of social media DApps that can reward users with cryptocurrency. Steem is interesting! It interests developers, entrepreneurs, HODLers, social users and content creators. It can be referred as a blockchain-based social media model that supports community building and social interaction through content publishing and sharing. What makes it more fascinating and unique is that it incentivizes the contributors with cryptocurrency rewards for their contributions like blogging, publishing, content curation, voting, and sharing.
Steem publicizes its value as a public content platform by referring to the point that user-generated content has earned millions for the shareholders of social media platforms, but the content creators make nothing in terms of revenue. Steem is different because it empowers the users to become shareholders and earn value for creating and publishing content over Steem-based social apps. This article will cover more details about Steem, its anatomy and its potential to support entrepreneurial ideas for content and social networking businesses.