Steem is a decentralized exchange protocol based on BlockChain technology for social networks and other socio-financial applications. One of the applications currently in operation using BlockChain Steem is the social network Steemit.com, a network that rewards content creators, content readers and content commentators on a daily basis. Steemit.com's offer is innovative in that it links its content creators and content readers according to its incentive algorithm. Each time a user publishes content or votes content, they receive 50% of their reward in Steem Dollar and 50% in Steem Power, representing their voting power on the platform. The Dollar Steem is leveraged to the US Dollar at parity 1 SBD = 1 USD.
