January 2019
Beginner to intermediate
372 pages
11h 17m
English
Content preview from Foundations of Blockchain
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Steem tokens
There are three main tokens in Steem: Steem (STEEM), Steem Power (SP), and Steem Backed Dollars (SBD).
STEEM
STEEM is the cryptocurrency token on the Steem blockchain. STEEM can easily be bought and sold on exchanges.
SP
SP is basically STEEM that is locked in a vesting fund for 13 weeks, providing additional benefits within the platform. The influence of Steem users on the distribution of rewards is proportional to the amount of SP they own. SP holders also receive interest from their holdings. The earliest votes get the biggest share of the reward because the rewards are distributed according to time.
SBD
The user of any currency expects its value to be stable. SBD was designed in an attempt to bring stability to the world ...