Steemit is an American social media and blogging platform built on the blockchain. By creating and selecting content, users can earn cryptocurrency—more precisely, STEEM. (i.e. posts). STEEM rewards are also possible for users based on their remarks. Steemit Inc., a privately held business with headquarters in Virginia and a base in New York City, is the company's owner. The official coin on the 2020 successful fork of the main Steem blockchain is called HIVE. Along with a number of unique features like badges, this branch also has many of the functionality seen in the main Steem blockchain.
Principle of operation
Built on the Steem blockchain, Steemit is a decentralized application (DApp) that rewards users for their content with the cryptocurrency known by the same name, STEEM.[2][3][4] By
