Sort:  

You will find the answer in the whitepaper.

Where do I find that, am a noob

You just need to do the most basic google searches. https://steem.io/SteemWhitePaper.pdf or search for steempower and vote. There are countless posts on this topic.

Coin Marketplace

STEEM 0.16
TRX 0.22
JST 0.032
BTC 95417.09
ETH 2571.60
USDT 1.00
SBD 3.05