![bitcoin-2007769_1920.jpg](https://steemitimages.com/DQmPptPKDLvCgw8eQMi3pwhux1WEwG2TgM7G6mGaT4ENGi2/bitcoin-2007769_1920.jpg)

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The public media seat has befall a dynamic one these days. The group media platforms hold nowadays knotted themselves into our everyday lives. The likes of Reddit, Twitter, Facebook and Instagram are ahead popularity with apiece short-lived day. 

News and contented are common hastily on these platforms than any other news channels in the world. The platforms are too charismatic to community who would like to engage with their peers from every over the world. 

Consequently, Steemit is revolutionizing the humanity of do media and networking by via its STEEM blockchain in adding to its reward units Steem dough (SBD). 

The users on this platform are pleased for their contribution. gifts preserve be in develop of content, predilection as fortunate as commenting and deliberations on a choice of topics.

## Understanding the STEEM Token Networking Platform.

countless users achieve it challenging to grasp the theory of the Steemit networking platform alongside with its blockchain and reward system. It is important that we clear this prevalent confusion.

## Steemit: 

This is the platform itself, in other words, it allows the users to design as benevolently as curate the content, and you preserve seem at as Reddit. 

The platform was launched in 2016; however, it has witnessed a tremendous cyst in the client base. The users are happy for the happy they column on this platform in each Steem Dollars (SBD) or Steem capability (SP).


## Steem coin (STEEM)

 STEEM, on the other hand, is the blockchain that powers the platform. It is, in fact, the major component that determines the merit of every one the other units on Steemit. 

As mentioned above the other units consist of Steem cash and Steem Power. 

STEEM is not in actuality a currency, even though it is additional or minus the gateway in between Steemit (the platform), and the platform currency (Steem Dollar) and level the all-purpose currency (Steem Power). 

Steem utilizes Smart Media Tokens, which are native digital assets on the Steem blockchain. They are a large amount like Ethereum’s ERC20 tokens, but incorporate fussy built-in ‘Proof-of-Brain’ properties as one with a empty dissemination reward system that is urban for the digital gist businesses. 

The Steem (STEEM) memento is tradable and bottle be converted to each Bitcoin or Ethereum.

## Steem dollar (SBD)

Users are happy for their assistance on the Steemit platform in this cryptocurrency building block referred to as Steem buck (SBD). 

It is attached to the cash and in effect represents the Steem equal of one US dollar. It is critical to take note of that SBDs are not fixed; rather, they rise and fall depending on the modern state of affairs in the market. 

They more often than not earn a 10% activity apiece year. SBD be able to be converted to STEEM, exchanged to STEEM on the domestic market, in adding up to consciousness exchanged on a choice of exchanges such as Bittrex or OpenLedger DEX.

## Steem power (SP)

This currency is not tradable on exterior exchanges; however, it preserve be referred to as the home “currency’ on the Steemit network. Investing in Steem energy (SP) bottle be viewed as acquiring a stake in STEEM. 

It offers a variety of recompense to users of Steemit, for instance, they perceive a preside over stake in the Steem reward pool, besides, their voting force rises which container plan that the client tin cast your vote to rise the creator rewards plus oneself.

## In conclusion

STEEM is the determinant of the denomination of rewards in the Steemit ecosystem.

Besides, it is and the proof-of-stake for the users who last Steem strength (SP). 

The Steem cash (SBD), on the other hand, provided stability of the other currencies on the platform.

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