Steem has been explained as a basic unit of account steemit is a blockchain unit where different users can share content and vote. It’s like every like every other social media but a difference with a reward of tokens. Steem powered dollars in known as the amount of steem which is equal to 1 USD. The steem network provide new steem unit to users and voters every day.
Steem can be exchanged either on (SP) known as steem power or (SPD) Steem backed dollars and it’s a token used to upvote content, which provide revenue for both voters in S.P and S.P.D and this proportionate the amount of steem power the voters has on steemit.
