Steem is a social media network powered by blockchain. Similar to platforms like Reddit, Steem allows anyone to share and upvote or downvote content. What’s unique about Steem is that it rewards users with cryptocurrency for the quality of their contributions. User’s of Steems are incentivized to contribute quality content as their rewards increase proportionately. For instance, users of Steemit, Steem’s primary social media, and blog space, can cast votes and influence content according to their holdings.
Remarkably, Steem is now one the most transacted blockchain in the world and is used by over a million people on 300 plus different applications every day. Beyond Steem’s social blogging platform, the platform hosts other popular applications such as eSteem, DTube, and Utopian.