Steem (STEEM)

1M
STEEM
0.2069 USD +1.13%
0.00002224 BTC +1.74%
STEEM
$ 0.2069 +1.13%
0.00002224 BTC +1.74%
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What is Steem?
Steem (STEEM) is a cryptocurrency with its own blockchain. Steem is a robust digital point in an open source blockchain protocol serving as a digital reward on the Steemit social media platform. The Steemit platform is a blockchain-based system targeting publishers and content creators to monetize their online content and community where everyone gets paid for creating and curating content.

The blockchain is most known for its first app, steemit.com, and its fast transaction processing. It processes more transactions than the next 11 blockchains combined. The Steem protocol features three-second transfer and no fees because of three-second blocks and a Delegated Proof-of-Stake algorithm. The Steem blockchain is capable of storing social information, users’ content, json metadata and distributing Steem tokens based on a Proof-of-Brain algorithm. Their next proposition, Smart Media Tokens protocol (SMT), presents the ability for entrepreneurs, developers or community builders to launch customizable Steem-like tokens.

Technology & Supply

Learn more technical information about the digital asset.

Currency Type Coin
Proof Type Delegated Proof of Stake
Total Supply 388,827,191 STEEM
Circulating Supply 371,853,097 STEEM

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