Steemit is a social media platform that is decenterlize based on the Steem blockchain. This means that content creation, transactions, and rewards process without any central control. Steemit authorize users to share posts, curate others' content, and earn rewards in the form of cryptocurrency. But a problem here is that the rewards are mostly circulated among specific users or groups, which results in less benefit to the general user.
Steemit's decentralization makes it more secure and transparent, as all transactions and data are distributed across different computers, eliminating dependence on a single central point.
However, Steemit's rewards system is not considered to be completely fair as the rewards mostly rotate between specific users or groups. These are users who already have more influence or have more "Steem Power", which indicates the ability to influence the platform. The result is that new or casual users have difficulty getting rewards, while more established or older users benefit more from rewards.
Moreover, Steemit's governance also seems close to centralized control, as some large groups or specific institutions have a prominent role in its decision-making and development work. When Steemit's ownership changed, more questions were raised about its decentralization. People noticed that rewards and governance matters were mostly controlled by the same individuals or groups who had more power on the platform.
Conclusion
Although Steemit's blockchain is decentralized and aims to give users the freedom to create content and earn rewards, in reality the rewards system is mostly limited to specific users. In addition, governance decisions are also influenced to some extent by central institutions or individuals. As a result, Steemit's system cannot be considered completely decentralized, especially with regards to rewards and governance.
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