Steemit is a blockchain-based social media platform that allows users to create and curate content while earning rewards in the form of cryptocurrency. It was launched in 2016 and is based on the Steem blockchain, which was created by Ned Scott and Dan Larimer.
Users on Steemit can publish blog posts, articles, and other types of content on the platform. Other users can then upvote or downvote the content, and the more upvotes a piece of content receives, the more it earns in the form of Steem tokens.
In addition to earning rewards for creating and curating content, users can also earn rewards for participating in the Steemit community, such as by commenting on posts and engaging with other users.
Steemit has been praised for its innovative approach to content creation and community building, as well as its use of blockchain technology to create a decentralized social media platform. However, it has also faced criticism for issues related to content moderation and the distribution of rewards.