steemit is a financial ecosystem that supports a chain of blocks across different communities. It is a serious, reliable and responsible social network where different users design original content, share with other people, interact and provide mutual support.
It is another virtual community that also provides economic benefits with a system designed to monetize through a credit approach.
To achieve success on the platform it is important to be clear that it is not an activity with immediate results. This is a work that requires a process and to comply with it you need perseverance, interest, creativity, proactive attitude and always willing to learn.
Steemit demands and offers seriesad, has its own rules and enforces them through the communities themselves. If you want to join this wonderful network, do it with confidence and take into account their recommendations.
I believe this platform is one of the best for incentivizing information sharing and building community based on the blockchain space.
A few more aspects which you need to consider are:
Crypto is complicated…
Short answer to your question: In general, STEEM is a cryptocurrency similar to other currencies like Bitcoin, Ethereum and many others. It is a unit of value that is transferred from account (wallet) to account, over computers.
FYI:
STEEM is a tradable cryptocurrency.
Steemit is a social media platform that utilizes STEEM and other monetary assets in its operations.