Introduction to Steem: A Blockchain Designed to Tokenize the Content Web

Steem is the lifeblood of Steemit, the contagiously popular media platform that rewards its users for posting content.

Publishers both amateur and seasoned can reap the benefits of Steemit's cryptocurrency-based content platform, being rewarded with tokens for dishing up their musings whether curated or created.

Readers can pick from a smorgasbord of topics, yet Steemit is laden with heavy notes of tech, with 'trending' topics typically see-sawing between the areas of blockchain/cryptocurrency and talk of Steemit's workings.

They say out of adversity comes strength; and just as Satoshi Nakamoto schemed against the banks with Bitcoin, Steemit's co-founder coined a solution to the content calamity, which he first hinted at in 2015 as a "Mutual Aid Society"- at its core an "a social network of giving you can count on when you need it the most."

An evolution of Larimer's MAS, Steemit solves both components of the content equation, incentivizing consumers to reward their chosen content, and offering creators a truly peer-to-peer experience devoid of any third-party.

In short, Steemit enables content creation en masse- allowing anyone to publish material and be directly rewarded with cryptocurrency.

In line with Steemit's community-based vision, Steemit is structured to reward active participants and disable speculators.

To increase activity on the Steemit platform and discourage "Bag-holders," tokens are created daily- of which 15% is distributed to holders of Steem Power, and 85% to users who create content, upvote, or comment.

Steemit's instance of DPoS is a unique proposition, which is to be expected given Larimer's star-spangled record as a blockchain architect.

Datawallet's app will soon Steemit users the ability to monetize the data component of their online creations- a prospect welcomed with open arms by the Steemit community.