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What is Steem? All about the first blockchain-based social media platform

Companies like Facebook, Twitter and Youtube have provided a platform on which their users can share content with other users. In turn, the platforms save the data of all interactions on their platforms sell this to advertisers. No matter how hard you worked on specific content, you will see little to no return for your input and the platforms profit from the value you’ve created. According to the founders of Steem, this needs to change. On their social media blockchain applications you can earn cryptocurrency with your content. Another revolutionary idea of Steem is that their social media platforms are completely decentralised. There is no central authority that censors content and storage, or sells user data to targeted advertising. The users decide how the platform will be…


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