Steem (STEEM)

Steem is used in a social rewards system, and uses a "proof of brain" concept. It enables tokens to be distributed by "upvote" and "like"-based algorithms and can be integrated with websites to align incentives between application owners and community members to spur growth. Steem was created in 2016, and as of early 2018, was successfully processing more transactions than either Bitcoin or Ethereum.



Mining/Staking

Steem, as noted above, used a Proof of Brain system.

Development Team

We currently have no information about the development team. However, their main website does have some great resources for developers who want to integrate Steem into other websites.

Criticisms, Caveats, and Competitors

We can't think of any.

Additional Resources

The project's main website: https://steem.io

Link to Wikipedia Page: https://en.wikipedia.org/wiki/Steemit

Link to Reddit Community: https://www.reddit.com/r/steem

Link to Twitter account: https://twitter.com/steemit

Link to Team information: N/A

Link to data on Live Coin Watch: https://www.livecoinwatch.com/coins/STEEM

Whitepaper: https://steem.io/SteemWhitePaper.pdf