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> The new and exciting element though, is that you are rewarded in ‘Steem’ (digital currency) for your posts, comments and upvotes, depending on their popularity. The Steem can then either be exchanged into real cash or reinvested into ‘Steem Power’, which is your authority and power on the site.

[Readmore](http://www.huffingtonpost.com/entry/why-blockchain-backed-social-network-steemit-could_us_57a47636e4b0c94bd3c9312f)