Writing Platform Steem is a Blockchain-Based Social Network

By: Alyson Wyers - May 31, 2016
References: steem.io & springwise
This writing platform is a blockchain social network. Finding a way to monetize content online has been an ongoing discussion, as social media continues to disrupt the landscape of journalism and web-based media. Steem pays writers in cryptocurrency for creating and curating content.

The social writing platform generates user content, but also rewards those whose work performs particularly well. The Steem reward system is comprehensive, with rewards based on long-term commitment, joining the peer-to-peer network and up-voting pieces.

Even though other cryptocurrency tipping platforms exist, Steem is different because users do not have to give anything up; rewarding others is as simple as voting for content you enjoy. Rewards are distributed by the blockchain, approximately 24 hours after content and votes are received.