Steem is the digital currency for Steemit, the new social media site. Newcomers to the digital money community can post on Steemit, a social media platform, if they want to get Steem. The platform will calculate the number of praise, give the user a certain Steem reward.
Steem is a blockchain database that supports community building and social interaction by encrypting monetary rewards. Steem combines the concept of social media with the lessons learned in cryptocurrency and its community building process. An important key to motivating people to participate in communities, currencies or free-market economies is a fair accounting system that consistently reflects the contributions of everyone. Steem was the first cryptocurrency to attempt to reward people accurately and transparently with innumerable individuals who made subjective contributions to their community.