STEEM system config

The STEEM system is a decentralized blockchain network designed specifically for social media applications. It has a unique system configuration that allows it to function efficiently and securely.

Here are some key components of the STEEM system configuration:

Consensus Algorithm: The STEEM blockchain uses a consensus algorithm called Delegated Proof of Stake (DPoS). This algorithm allows for fast and efficient block production, while still maintaining a high level of security and decentralization. In DPoS, token holders can vote for delegates who are responsible for producing blocks and maintaining the network.

Token: The native token of the STEEM blockchain is called STEEM. It is used as the primary currency for transactions on the network, as well as for rewarding content creators and curators on the platform.

Reward System: The STEEM blockchain has a unique reward system that incentivizes users to create and curate content. The system rewards users who create popular content with STEEM tokens, which can then be traded on exchanges or used within the network.

Social Media Integration: The STEEM blockchain is designed specifically for social media applications. It has built-in social media functionality, allowing users to create profiles, follow other users, and interact with content in a similar way to traditional social media platforms.

Decentralized Storage: The STEEM blockchain uses decentralized storage to ensure the security and availability of content on the platform. Content is stored on IPFS (InterPlanetary File System) and is distributed across multiple nodes on the network.

Overall, the STEEM system configuration is designed to provide a fast, efficient, and secure platform for social media applications. Its unique reward system and social media integration make it an attractive option for content creators and users who are looking for a decentralized alternative to traditional social media platforms.