Steem coin is Steemit's cryptocurrency. Steemit is a blockchain-based social media platform founded by Dan Larimer (BitShares CEO) in 2014.
Steemit is similar to Reddit, where people post content online and earn rewards. However, there is a big difference.
Unlike other social media platforms, Steemit runs on blockchain to decentralize it. Therefore, there is no censorship, central authority, downtime, data sensitivity, and data abuse. Eliminate the endless hassle of centralized social…