Steem is the first social media platform (like Reddit) and it’s based on blockchain technology. You can buy Steem on our website, BestRate.org. If you are an author on Steem and you write interesting articles, you will be rewarded with Steem cryptocurrency, instead of likes. This is the digital currency that fuels the platform. Also it can be mined through the p2p network.
The platform utilizes Proof-of-Brain algorithm to reward its users and to encourage them to create and share more content. The tokens are distributed by “upvote” and “like”-based algorithms. Steem works significantly faster than Bitcoin and, what is more important, has no transaction fees.