What's the difference between STEEM and STEEM POWER?

waterproof (45)in #steem • 8 years ago

I noticed these two in my wallet? How are they different?

"Steem can be converted to STEEM Power in a process called powering up." Should I do this? If so, how do I do this?

Thanks everyone for the help. I'm new here and trying to figure things out.

#steempower #steemit

8 years ago in #steem by waterproof (45)

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penguinpablo (75) 8 years ago

Steem - Steem is the most liquid form of currency in the platform. Steem can be converted into Steem Power, Steem Dollars, or traded.

Steem Power - Steem Power is a measurement of how much influence a user can wield via Steemit. The more Steem Power a user holds, the more they may influence the value of the content on the network. It is important to note when a user decides to “Power Down” Steem Power, they will receive equal distributions of the Steem Power as Steem over 13 weeks.

https://steemit.com/faq.html

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markush (62) 8 years ago (edited)

As far as I know Steem is digital money. Steempower is the power when you vote. The more power the more influence has your vote. When you earn with a post.. A part goes to your steem, part goes to your steempower and a part goes to your steem dollar.

You decide for yourself. if you want to "power up" it do cost steem. Which you later "power down" in to steem again. This is just my explaination. Read some more. Before you power up etc..

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