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Redirected from: Steemit

Definition: Steem


(1) See Steam.

(2) A social blockchain that rewards contributors for sharing content as well as for voting on existing content. Launched in 2016, payouts are made in STEEM tokens. As of 2022, several hundred apps use the Steem blockchain, including Steemit for blogging, DTube for video and Utopian for open source funding.

Derived from STEEM, Steem Power (SP) tokens are vested for 13 weeks, which gives SP holders interest and greater influence on reward distribution. The Steem Blockchain Dollar (SBD) is a dollar-based stablecoin that protects writers from inflation. See crypto glossary.