Hey Everyone so I've been on Steemit for about a week now and after doing as much research as possible I still have a few questions when it comes to the different options in the wallet and I'm hoping someone here will see this can can explain it to me.
So this is what it looks like when I look at my wallet here on steemit. From what I understand there are two different crypto currencies. Theres Steem and then theres Steem Dollars. Now Looking at the First box it says Steem which i'm assuming is the first of the two crypto currencies listed. Whenever someone makes a pst and it gets likes and comments that gets converted into steem power and steel dollars which are then distributed amount the content creator and curators. Steem power is How much weight your vote and posts carry. Now here are my first questions.
1.Its says .650 steem which im assuming is the amount of steem coins I have in my account but that does the (+14.355 steem) mean?
2.If I power down using the option box does that then transfer my steem in the steem power aka .650 steem into the First row where it says steem is 0.000? What does powering down actually do?
3.With a higher Steem Power does that mean my posts are seen by more people in the community or does that just signify how much my comments or upvotes are worth?
Next set of questions is this.
The Third row is listed as Steem Dollars which im assuming in the other currently listed on exchanges. The 0.893 does that mean I have .893 Steem Dollars or I have 0.893 in USD (United States Dollar) worth of Steem Dollars? Because .893 times the value of a Steem Dollar is alot different than saying I have .893 USD worth of steem dollar coins.
Third is whats the Savings Row and How does that Work?
When I look at my rewards as an Author is says .150 Steem power and 0.000 Steem and .891 SBD. How are these calculated. The .891 SD is close to what it says in my wallet but why does it say .150 Steem power when my wallet says .650
Lastly can someone explain if its not too complicated why there are two Steem Cryptos Steem and Steem Dollars? Why not just have the single Steem Crypto?
I'm really trying to learn and understand how this all work so any Help would be really appreciated everyone. Thank you.