Sort:  

Thanks @demotruk. I later figured out that it is Delegated Proof of Stake (DPOS) like Steem. Here is an explanation for anyone else

Coin Marketplace

STEEM 0.06
TRX 0.31
JST 0.059
BTC 71307.46
ETH 2176.07
USDT 1.00
SBD 0.50