What is rewarded on Steem ?
How is Steem different from tipping platforms?
Cryptocurrency tipping platforms require users to give something up to reward other for their contributions. With Steem, rewarding others is as simple as voting for a post, such you may on Reddit, or as you would Like a post on Facebook.
How are content creators and curators paid?
The blockchain distributes payouts as 50% Steem Power for voting and 50% Steem Dollars. Rewards are distributed by the blockchain, similar to how miners are paid by Bitcoin, and occur roughly 24 hours after content and votes have been submitted.
Steem is a form of esteem, which means to prize or value. Steem is also a homophone for steam, which is frequently associated with power, and a step further, steam powered trains gave influence to English idioms, such as ‘this conversation is picking up steam.’ The associations with prizing, language and empowerment only felt right.
Who can use Steem?
How does Steem works ?
Steem is a network called a blockchain composed of multiples device owned by different community member, as explained above they earn 50% of what is generated by the blockchain. Each device use the same logic as others that are parts of the network, they are rewarded to store data, compute data and process transactions.
Each device inside the network is called a node and is similar to any other node.