Steem STEEM Price 0.05562898

Steem is a platform designed to expand the capabilities of social networks and content-oriented applications. The idea is to design a social media platform that is resistant to censorship, where people can freely express their speech without worrying about governments. The project started developing in 2016 after the idea was first introduced. The project's goal has always been to create its own social media platform, free from centralized power and more resistant to censorship. The text and speach are stored in the blockchain. The project attracted a lot of attention when it went online. SteemIt is the largest application running on the Steem block chain. Steem has transformed the idea of a ledger for use cases that were previously impossible to think about. Before the SteemIt era, most people didn't know how useful cryptocurrencies were. Since the launch of SteemIt, people have begun to notice that it can be useful outside of the world of cross-border transactions.