Steemit—a social network that pays its community
Steemit is a blogging platform with it’s own SMT called STEEM. These tokens are distributed to content creators and curators daily as rewards, based on community voting.
We built Steemit on Steem to show the world the future of the web. We built it to inspire new digital content business models and apps by entrepreneurs and developers.
Proof-of-Brain is a type of tokens rewards algorithm that encourages people to create and curate content.
It enables tokens to be distributed by “upvote” and “like”-based algorithms and can be integrated with websites to align incentives between application owners and community members to spur growth.
Faster than Bitcoin and Ethereum, with no fees
Running a rewards-based decentralized social network required new advances in blockchain technology. Steem is a next-generation blockchain, uniquely designed to run real-time applications with near instant, fee-free transactions.
Steem has been battled-tested over the last 18 months, already processing more transactions per second than Bitcoin and Ethereum.