in steemit we trustSteem is a blockchain-based social media platform that challenges the very concept of social networks. In the current world of social media, giants like facebook and twitter rake in billions of dollars from your data, each year. Money created from user-generated content that goes straight to the shareholders of the big corporations. Steem has set out to change that by providing a blockchain-based social network that rewards users for participation. The application can be seen live and functioning right now at Steemit is a social network where each individual contributor can earn STEEM by creating and posting interesting articles. Much like Reddit, the articles can be upvoted by other users for small amounts of STEEM, which goes to the content creator. This does not only incentivize contributors but also improves the quality of content ranking. Curators can also get rewarded by being the first to upvote a later to be popular content.

Learn more about Steem

Name Steem
Symbol / Tag STEEM
Genesis Block Created April 7, 2015
Hashing Algorithm SHA-256
Validation System Proof-of-Work
Block Time 10 Minutes
Total Coins to be Issued 99,692,126
Source Code Github
Downloads Linux, Mac, Windows

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To get started with Steem you first need to download a wallet for your particular device and operating system. A Steem wallet stores your private keys and enables you to send and receive STEEM. Please visit our guide where we explain the best practices you can implement to help keep your holdings secure. You can choose between desktop, mobile, web or hardware wallets designed for a variety of operating systems below:

Freewallet’s apps represent easy to use mobile wallets that allow potential users to familiarize themselves with popular cryptocurrencies, without delving into specific technical features and complex settings.

The easiest way to buy STEEM is through a cryptocurrency exchange. There exist a variety of exchanges where you can trade STEEM for Bitcoin or other cryptocurrencies. Below you’ll find exchanges currently trading STEEM:

bittrex logo
Built and operated in the United States, Bittrex is the next generation crypto trading platform created by security professionals with more than 50 years of combined security and development expertise.

poloniex logo
Founded in January 2014 and based in the United States, Poloniex is a leading digital asset exchange offering a wide variety of digital assets.

The STEEM mining process involves compiling recent transactions into blocks while trying to solve a computationally difficult puzzle. The first participant (miner or group of miners) who solves the puzzle gets to place the next block on the blockchain and claim the rewards. The rewards incentivize miners to uphold and secure the STEEM network. Be sure to read our quick-start guide on some of the intricacies that are involved with mining cryptocurrencies. Below you’ll find Burst mining software and hardware you can use to be a successful miner.

Mining Software

cgminer bitcoin mining software
STEEM is a Proof-of-Work based currency that is mineable using the computational power of GPUs. The hashing algorithm used is SHA-256 and more information on how to setup mining can be found here.

Mining Hardware

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