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Steem Dollars (SBD) is a cryptocurrency native to the Steemit platform, a blockchain-based social media network where users earn rewards for creating and curating content. Introduced alongside Steem (STEEM), the primary cryptocurrency of the Steem blockchain, SBD is designed to provide stability in contrast to the more volatile STEEM. Each Steem Dollar is intended to be worth approximately one US dollar, providing a stable means of exchange and an incentive for users to engage with the platform. The system uses a unique proof-of-brain algorithm to distribute rewards based on community consensus, offering both financial benefits and a decentralised content curation mechanism. Steem Dollars can be traded or converted into STEEM, giving them flexibility and liquidity within the ecosystem.
