Steem Developer Portal - Glossary
Understanding the common terms used by the Steem blockchain is an important part of being able to build applications and tools that use it.
This section outlines several of the common terms.
More terms and information can be found on the steemit.com FAQ.
- Blockchain
- Decentralized ledger and consensus protocol
- Steem (blockchain)
- Name of the blockchain and platform
- Bandwidth
- formerly the limit of data each account can send/use (replaced by Resource Credits)
- Resource Credits
- is the limit of data each account can utilize resources on the blockchain (also known as RC)
- VESTS
- Vests is underlying token that STEEM is derived from, and are share in Steem Power
- STEEM (currency)
- Currency of the blockchain, liquid version of Steem Power
- SBD
- Steem Backed Dollar, $1 worth of STEEM
- Steem Power
- Locked version of STEEM which gives account influence on the platform
- Transaction
- Operations/Activity/Write requests to the blockchain. A transaction is a submitted update to the Steem blockchain. This can include token transfers, posts/comments, votes, etc.
- Block
- Every three seconds, the Steem blockchain produces a new block. Each time a new block is produced, the distributed network is updated with all of the transactions that occurred within that block.
- Block Header
- Information about block, root and witness who signed, etc.
- Price feed
- Feed that is maintained by witnesses to ensure SBD/STEEM price stability
- Account
- An account is a container for all of the activity associated with a particular user's wallet on the blockchain. This includes all of their tokens, posts, comments, upvotes, transfers, etc.
- Owner
- Owner authority/permission of account
- Key
- Keys are used to authenticate transactions. Each key contains a public/private pair. When a transaction is submitted to the Steem blockchain, it is signed by the account owner using their private key. The blockchain is able to determine that the transaction is valid by validating the signiture against the public key from the pair.
- Public Key
- Public key of account's certain authority
- Private Key
- Private key to sign a transaction with account's authority, should be kept secret because it grants access to account
- Wif
- Wallet Import Format/Private key, should be kept secret because it grants access to account
- Active key
- The active key is used to make transfers and place orders in the internal market
- Posting key
- The posting key is used for posting and voting
- Owner key
- The owner key is the master key for the account and is required to change the other keys
- Post
- A post is a root level comment - one that has no "parent".
- Comment
- A comment is text content that is stored on the blockchain. Comments can be linked to other comments as "replies" through parent/child relationships.
- Vote
- A vote is an expression of like (upvote) or dislike (downvote) for a post/comment. The Steem blockchain uses the votes that a post/comment has received to determine it's share of the rewards.
- Reputation
- Account's reputation on platform
- Markdown language
- Easy to read and write, plain text format language commonly used to create Steemit articles
- Permlink
- Unique identifier of every comment or post of an author, within the context of that author. ('@author/permlink' combos are globally unique)
- Mainnet
- The 'production' Steem blockchain network wherein real STEEM is held and actual transactions take place.
- Delegation
- The assignment of a portion your Steem Power for use to another account (cannot be spent, can be reclaimed)
- PowerUp
- Convert STEEM to Steem Power and vice-versa with PowerDown
- Reward Pool
- Every day, a fixed amount of STEEM tokens are allocated to the network reward fund, commonly called the "reward pool." These get distributed to authors and curators for posting and voting on content.
- DPOS
- Delegated Proof of Stake
- Node
- A node is an instance of the Steem blockchain running on a server.
- Witness
- Witness is a position/role for the people who are chosen by community (delegate trust) to support platform and run consensus protocol to ensure security and validity of transactions/blocks on the blockchain. A witness is responsible for signing and validating blocks for the Steem blockchain.
- Hardfork
- Process to release protocol/blockchain consensus upgrades
- Softfork
- Process to release protocol/blockchain software improvements
- Witness Vote
- Voting/electing witnesses with account's stake
- Pending Transaction
- Transaction that is pending and to be included to the blockchain
- Transaction Hex
- Hash of the transaction
- Signatures
- Transaction signature signed by account with private key
- Broadcast Transaction
- Event where signed transaction is broadcasted to the network, so that witnesses could validate and include in block
- Virtual operation
- Operations that are derived from blockchain activity, but aren't actually stored as operations themselves (ex. curation and author rewards). They happen based on consensus from the blockchain based on other normal operations
- Trending
- Posts/Discussions that are highly valued by community with bigger time interval update
- Hot
- Posts/Disccussions that are highly valued with shorter time interval update
- Feed
- Posts/Disccussions from followers of particular account
- Active
- Posts/Disscussions that are still actively being engaged
- New
- Newly created posts
- Cashout
- Posts which was paid out recently
- Promoted
- Posts which was promoted by burning SBD to get more visibility
- Pending Payout
- Estimated pending payout for blog posts/comments
- Following
- Account that is being followed
- Follower
- Account that is following the user
- State
- State of blockchain for path - accounts/tags/filters/posts
- Dynamic Global Properties
- Current blockchain global properties which is being in each block
- Median Price
- Median Price feed provided by all witnesses
- Curator
- A steem user who upvotes a post by using their daily voting power to assign value to a post that they believe has good quality content and should be seen and the author rewarded
- Curation reward
- The reward given to a curator, which is their portion of the 50% allocated to all curators that have upvoted a post
- Resteem
- (Reblog) re-posting another authors' post in your blog feed for your followers list
- Conversion Requests
- Request submitted for Converting SBD to STEEM
- Order Book
- Internal market order book to exchange SBD<->STEEM
- SMT
- Smart Media Tokens