Foundations of Blockchain

Steem

User-generated content has always generated billions of dollars for the founders and shareholders of the social media platform giants. On the flip side, content creators are hardly recognized at all and get paid very little for their contributions. Steem supports online communities by returning most of the dividends to the contributors of the content, those who brought the value to the platform in the first place.

Steem is a blockchain-based reward system where community building and social interactions earn rewards in cryptocurrency. Steem encourages user participation in the community with a fair accounting system to reward the users accurately for their contributions. It's a Proof of Work-based currency that has a scheduled block ...