Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Once Popular Coins (Graveyard) => Other Popular Cryptos / Coins => Steem - Steemit Forum => Topic started by: Crestie C. Tuvilla on May 25, 2018, 04:38:12 AM

Title: How is Steem different from bitcoin?
Post by: Crestie C. Tuvilla on May 25, 2018, 04:38:12 AM

Both Steem and bitcoin were designed with a particular function in mind. Bitcoin was created to serve as a digital, peer-to-peer currency. Steem is, at its core, a social media platform. Many social media platforms use voting systems, such as upvotes, shares, or “likes,” to prioritize content. Steem incorporates these concepts into a unique, blockchain-based platform that pays users in STEEM for their contributions to the network. While STEEM and bitcoin are both cryptocurrencies, STEEM’s usage is specific to social networks.