Steam encryption is one of the oldest digital market currencies launched in July 2016. It was used to use the Steem platform, which is a social media platform. Steam is an important component of Steem Blockchain account. Under Steem there is Steam Dollar and Steem Power. These units derive their value from the real value of Steem. According to cryptocurrency developers, an investor should not keep Steem in its crypto form. They have to buy Steem Power or stock dollars or convert them to Bitcoins.
How does this crypto work?
Steemit is a blogging platform that comes with its own Smart Media (SMT) label called STEEM. STEEM is a tradable sign that can easily be converted into Bitcoin or Ether. On the other hand, SMT is a native digital activity located in the Steem block. SMTs can be launched by everyone when they want to make money from content on the Internet. This, in turn, creates incentives thus encouraging the desired behavior of the user. Although quite similar to Ethereum ERC-20 labels, SMTs have the Proof-of-Brain properties and the land allocation reward system. This makes it easy for the network to provide seamless digital content.
Is it a good coin to invest?
Since its inception, Step crypto has been one of the most active in the market. On 19 July 2016, the currency was in the market at $ 4.34 and its market cap exceeded $ 384 million. The volumes traded then amounted to $ 3.3 million. Although the price dropped to a low of $ 0.14 in the first months of 2017, the crypt rose again when the large altcoins began to perform extremely well in November 2017. On December 21, the price went through $ 4 and the market cap went beyond $ 1 billion.
