Steem 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.com. 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.
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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:
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:
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.