3 What is Steem?

Hi everyone! Now that we’ve discussed cryptocurrency and blockchain technology on it’s most basic level, let’s talk about the cryptocurrency token that actually powers the Steem blockchain.

In its most basic form, Steem is the currency of the Steem blockchain and offers multiple use options. For example, Steem is used as a currency, as a way to gain influence on the steemit platform, and can be delegated to help other users and to fund projects.

There are a lot of different cryptocurrencies out there. So what makes this particular coin so special? Steem is more than just a coin that you purchase and hope the value rises. You can earn Steem through posting content to the Steem blockchain or curating quality content. This provides direct access not possible with other cryptocurrencies.

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4 What are Steem Dapps?