What is STEEM, STEEM Power, and Steem Dollars?

Steemit is a social media website that uses the blockchain and a cryptocurrency called Steem to reward participants.

You can make money on Steemit by writing quality blog posts, but also upvoting and commenting on posts. When you write blog posts you get a reward as an Author, and when you comment and upvote, you earn a reward as a Curator.

Under each and every post you can see the detail and for this particular post that has a total of $78 on it, $65 will go to the author of the post and $13 will go to the people who commented and upvoted. As you can see you can earn just by participating without writing blog posts. Payment is made about seven days later in your wallet on Steemit!

There are three different kind of Steem on Steemit: STEEM, STEEM Power

Steemit is a social media website that uses the blockchain and a cryptocurrency called Steem to reward participants.

There are three different kind of Steem on Steemit: STEEM, STEEM Power and Steem Dollars
1.STEEM-
STEEM is the base liquid currency token in the platform. STEEM can be powered up into
STEEM Power, traded for Steem Dollars, and transferred to other accounts. It is a cryptocurrency
token, similar to bitcoin

2.STEEM Power

STEEM Power (abbreviated SP) is a measurement of how much influence a user has
in the Steem network. The more STEEM Power a user holds, the more they can influence the value of
posts and comments. STEEM Power is less liquid. If a user wishes to "Power Down" SP, they will
receive equal distributions of the STEEM weekly, over a 13 week period.

3.Steem Dollars-
Steem Dollars (commonly abbreviated SBD) are liquid stable-value currency tokens
designed to be pegged to $1 USD. Steem Dollars can be traded with STEEM, and transferred to other
accounts for commerce or exchange. Steem Dollars may also be converted into STEEM in a process
that takes 3.5 days. Steem Dollars can be used to buy things in marketplaces,