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Steem is an open source blockchain protocol capable of storing social information and distributing tokens based on a Proof-of-Brain algorithm. As the fastest, most transacted blockchain in the world, Steem is the only blockchain protocol capable of, and currently powering, multiple user-facing applications including,,,,, and more. In fact, the Steem blockchain not only processes more transactions than Bitcoin and Ethereum combined, it actually processes more transactions then the next 11 blockchains (in order of transactions) combined! The Steem blockchain creates opportunities for entrepreneurs by providing a scalable blockchain protocol which their application can tap into that is capable of storing a user’s content, social information, account information, json metadata, and more, while simultaneously empowering those users to earn cryptocurrency tokens (called STEEM) in exchange for sharing that information. The STEEM token features best-in-class properties like 3 second transfers and no fees thanks to Steem’s 3-second blocks and Delegated-Proof-of-Stake algorithm. With the upcoming release of the Smart Media Tokens protocol (SMT), the community will be adding to the Steem blockchain the capability to allow an entrepreneur, developer or community builder to launch their own customizable STEEM-like tokens on top of the Steem blockchain equipped with specific smart contracts for ICOs, Automated Market Makers, Autonomous Token Distribution, Founders Tokens, and more. SMTs will take full advantage of the Steem blockchain’s speed and unparalleled scalability to enable entrepreneurs to monetize their platform and bootstrap the value of their coin by leveraging all the lessons learned from Steem and More details can be found in the SMT Whitepaper at

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Steem - Decentralized Social Media

STEEM is a reward platform and token created by Steemit, a blogging and social networking site that uses innovative blockchain technology to incentivize content creators. Similar to other blogging and social news websites such as Reddit, content publishers on the Steemit platform accrue reputation (upvotes) which can be redeemed receive monetary rewards in the form of a cryptocurrency token called STEEM, as well as an alternative token, STEEM Dollars (which is pegged to the US currency). Founded by Ned Scott and Dan Larimer - creator of BitShares and EOS back in 2016 - their concept was to create a decentralized environment where content creators could be adequately rewarded for creating content that added value or went viral. Not many cryptocurrencies are actively being used for real-world applications. Steem deserves a significant mention for having deployed a usable blockchain application, with a cryptocurrency that has real purpose and utility.

Steem | Rating: BB | Outlook: Stable | Risk: Medium

Steemit is a blogging platform with its own token called STEEM. These tokens are distributed to content creators and participants as rewards, based on community voting. However, the account registration process on Steemit is now relatively complicated and tedious. Additionally, its voting mechanism indicates that content quality is actually neglected and can aect the long-term development of the platform.
Coin Bureau

Steemit (STEEM): The Cryptocurrency for Bloggers

Steemit is social media, social networking and blogging site that is run on its own decentralised blockchain network. It has a native token called STEEM that is used by participants on the network to reward bloggers for producing great content. Users are also able to earn rewards through voting on the Steemit network. The ecosystem also makes use of Steem Dollars and Steem Power with the latter being a symbol of strength on the network and the former being a reward token. Steemit also hopes to allow people to create their own tokens on the network through the use of Steem's Smart Media Tokens (SMTs). STEEM tokens can also be used to power Steem Power smart contracts. It uses a delegated Proof of Stake (dPoS) consensus mechanism which aids with the governance of the Steemit ecosystem through the use of "Witnesses". Steemit was developed by Dan Larimer who has founded a number of other cryptocurrencies including Bitshares and EOS. Steemit began in March 2016, but the tokens weren’t officially distributed until July 4, 2016. The token has been relatively less volatile than other altcoins and appears to have a reasonable volume to market cap ratio.