Steem $ 0.204433 (-0.00103333)
Steem is a blockchain system which powers Steemit blogging platform. This platform follows the example of Reddit and provides similar services to its users. It represents a social network that pays bloggers for created content. They receive payments in “Smart Media Tokens” (also called SMTs or Steem coins) according to the popularity of their posts. Smart Media Tokens are built on a token reward algorithm designed especially for web content activities. It is called “Proof-of-Brain” and it has many similarities with well-known “Proof-of-Work” standard. Transactions via Steem blockchain are performed instantly and without any fees.
Ticker symbol:
STEEM
Hashing Algorithm:
SHA-256
Proof type:
PoW
Genesis Date:
Homepage: