What is Steem and how does it work?

Steem is a cryptocurrency launched in mid-2016 and it is the official currency of the Steemit social network created under the blockchain platform.

Steemit is very similar to the well-known Reddit, with one great difference - Steem rewards users for creating relevant content which is valued by the rest of its users.

There are multiple ways to get Steem, one of them is mining, under the PoW (Proof of Work) algorithm based on solving tasks. Another way to get Steems is to keep the coins in your Wallet for a long period of time, since the users periodically receive profits for its storage.

If you want to know in which Wallet store your Steem we recommend you take a look at this article where we recommend the most recognized Wallets of this cryptocurrency.

To track any Wallet or transaction made with Steem you just have to access this website, it is an explorer that gives you all available information of the transactions.

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