I did some reading on the Steem currency, and as i understand it there is no mining of Steem. New coins are created automatically and distributed to the social media contributors..
What i don't understand is who's maintaining the public ledger (the blockchain)? In Bitcoin, miners get new bitcoins as a reward for mining, and maintaining the public ledger by verifying transactions. So if there are no miners in Steem, who is varifying the transactions on the ledger?