Power Up

On the Steem blockchain, vesting STEEM into Steem Power is referred to as powering up, while divesting from Steem Power to STEEM is referred to as powering down. When a user is powering up, he is commiting his STEEM to a thirteen-week vesting schedule in exchange for special privileges on the network. STEEM that has been committed to a thirteen-week vesting schedule is called Steem Power(SP) by users at large but on the blockchain level, it is accounted for as VESTS.

Last Updated: 10/5/2018, 8:13:44 PM