How To Earn Free SteemIt

A cryptocurrency is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions, to control the creation of additional units, and to verify the transfer of assets. Cryptocurrencies make it easier to transfer funds between two parties in a transaction; these transfers are facilitated through the use of public and private keys for security purposes. These fund transfers are done with minimal processing fees, allowing users to avoid the steep fees charged by most banks and financial institutions for wire transfers. There are so many ways to invest in cryptos but today we’re discussing how to earn free cryptocurrency.

On today’s show, Matt and Joe will be riding solo or is it in tandem? There is no guest on this episode. They will discuss Matt’s experiments with blockchain, trading, and how to earn some cryptocurrency using the blogging platform steemit.

What is all steemit components

Steem Dollars (SBD)

Stability is an important feature of successful global economies. Without stability, individuals across the
world could not have low cognitive costs while engaging in commerce and savings. Because stability is
an important feature of successful economies, Steem Dollars were designed as an attempt to bring
stability to the world of cryptocurrency and to the individuals who use the Steem network.
Steem Dollars are created by a mechanism similar to convertible notes, which are often used to fund
startups. In the startup world, convertible notes are short-term debt instruments that can be converted to
ownership at a rate determined in the future, typically during a future funding round. A blockchain based
token can be viewed as ownership in the community whereas a convertible note can be viewed as a debt
denominated in any other commodity or currency. The terms of the convertible note allow the holder to
convert to the backing token with a minimum notice at the fair market price of the token. Creating
token-convertible-dollars enables blockchains to grow their network effect while maximizing the return
for token holders.

Steem (STEEM)

Steem is the fundamental unit of account on the Steem blockchain. All other tokens derive their value
from the value of STEEM. STEEM is a liquid currency, and therefore can be bought or sold on
exchanges, as well as transferred to other users as a form of payment.

Steem Power (SP)

Start up companies require long-term capital commitment. Those who invest their money in a startup
expect to wait years before they can sell their shares and realize their profits. Without long-term
commitment, a startup seeking to raise additional capital through the sale of additional shares would be
competing with existing shareholders looking to exit. Savvy investors want their capital contributions to
grow the company, but growth cannot happen if the new capital is given away to those looking to exit.
There is significant value to having long-term commitment because it enables communities to make
long-term plans. Long term commitment of stakeholders also causes them to vote for long-term growth
rather than short-term pumps.

If you bored to read that long article so it's my apologies but its important article.
thank you..

References & links mentioned:
EverGreenProfits
SteemWhitePaper