Price of Steem (STEEM) today
As of the latest data, Steem (STEEM) is currently priced at $0.2951 with a market capitalization of $136.77M. The 24-hour trading volume stands at $96.93M, The circulating supply of Steem is approximately 460.91M. The cryptocurrency has seen a -3.84% decrease in value over the past 24 hours.
About Steem (STEEM)
Steem (STEEM) is a digital asset with a short summary that highlights its unique features and technology. The asset is associated with a variety of technologies that set it apart in the digital space. Users can access the asset's GitHub repository for further exploration and development. The asset's website provides additional information and resources for users interested in learning more about its capabilities. With a strong presence on social media platforms like Twitter, Steem aims to engage with its community and provide updates on its latest developments. Overall, Steem offers a platform for users to interact with its technology and features, making it a valuable asset in the digital landscape.
How does Steem work?
Steem is a decentralized social media platform that utilizes blockchain technology to facilitate peer-to-peer transactions. Users can earn rewards by creating and curating content on the platform, which is then stored on the Steem blockchain. The platform operates on a delegated proof-of-stake consensus mechanism, where users can vote for witnesses who validate transactions and secure the network. Steem's unique feature is its ability to reward users for their contributions, incentivizing engagement and participation. This system allows for a more democratic and transparent way of distributing rewards compared to traditional social media platforms. Steem can be used for a variety of applications beyond social media, including crowdfunding, gaming, and e-commerce, making it a versatile platform with potential applications across various industries.
How to keep your Steem (STEEM) safe?
To keep your Steem (STEEM) safe, consider using hardware wallets like Ledger for enhanced security. These wallets store your private keys offline, making them less vulnerable to hacking. Additionally, trusted platforms like Binance offer secure storage options for your Steem, with features like two-factor authentication and withdrawal whitelists to protect your funds. By utilizing these advanced security measures, you can safeguard your Steem holdings from potential threats and ensure peace of mind.
