What u need to know about steem(london)

When it comes to STEEM the boat has NOT sailed!
You may have heard all the recent buzz going on around cryptocurrencies.
Bitcoin prices seem to be headed toward the $11k mark.

Recently another cryptocurrency called ether is on the rise

Even if you don’t know anything about cryptocurrencies you have probably heard of Bitcoin and whether you understand them or not cryptocurrencies are going to revolutionise money.

I personally believe that some of the people making early investment into cryptocurrencies today will be the billionaires of tomorrow.

The problem is it is not easy for the average person to obtain bitcoins — it is impossible to mine cost-effectively without special equipment and cheap electricity.

Buying it directly can also be problematic, not to mention expensive and in some cases risky (particularly in some countries).

As a result if you are wanting to get into cryptocurrencies it can often seem like the boat has already sailed.
Fortunately there is an answer, and the answer is STEEM.

Steem — The Basics

STEEM is essentially digital money.
What is Steem ?
Steem is a form of cryptocurrency network (smart digital money) like Bitcoin. It combines the ability to send/receive money and store information.

What is the main advantage of Steem?
You don’t need expensive hardware to mine Steem — you mine it by creating and voting on content on Steem applications like Steemit.

What other advantages does it have over Bitcoin?

STEEM has advantages over Bitcoin.

1. FREE transactions with NO transaction fee
   Right now sending bitcoins can cost several dollars at a time and your transaction can end up at the bottom of the list if you don’t pay enough.

2. Simple addresses that are easy to remember and type
   For example my Steem address is “mis3man” that is a lot easier to remember than a bitcoin address like “1BvBMSEYstWetqTFn5Au4m4GFg7xJaNVN2”.

3. Scalability
   Right now Bitcoin is capable of a theoretical maximum of about 7 transactions per second and this matter has been a source of serious conflict in the bitcoin community. Steem is already capable of doing thousands of transactions per second.

4. Speed
   Steem is faster In, a Bitcoin block takes at least 10 minutes to solve but you will often end up waiting a lot longer for a transaction to clear and be confirmed. Sending Steem is virtually instantaneous.

5. The Steem Dollar is a low volatility currency for merchants.
   The Steem dollar is a special dollar pegged asset based on Steem that is designed to resist the normal volatility you get with most other cryptocurrencies including bitcoin.

What Steem applications are currently available?
Steemit — a blogging platform like a combination of Medium and Reddit.
Busy- a more Facebook like app with built in personal messaging.
Esteem — a mobile app for IOS/Android.
Others are in development like Steepshot (a photo sharing app).
There are also a variety of tools for Steem available at Steemtools.com.
What is the difference between Steemit and Steem?
In simple understanding Steem is the money network,while Steemit is an app that uses Steem to pay rewards.