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Steem combines blockchain technology with social media to incentivize user contributions through cryptocurrency rewards, leveraging a unique consensus mechanism and tokenomics. |
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Steem utilizes a delegated proof-of-stake (DPoS) consensus algorithm with a focus on scalability and community-driven governance. Its tokenomics involve STEEM, Steem Power (SP), and Steem Dollars (SBD), aimed at encouraging long-term participation and mitigating issues like micropayments and transaction fees. |
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Steem is like a big online playground where kids earn special coins for sharing good stories and voting on them, making everyone work together and have fun! |