What Is Steem?

Steem provides a scalable blockchain protocol for publicly accessible and immutable content, along with a fast and fee-less digital token (called STEEM) which enables people to earn the currency by using their brain (what can be called “Proof-of-Brain”).

The two building blocks of this protocol, both blockchain and token, depend on each other for security, immutability and longevity, and are therefore integral to each others’ existence.

Compared to other blockchains, Steem stands out as the first publicly accessible database for immutably stored content in the form of plain text, along with an in-built incentivization mechanism.