Steemit has more than 1.2 million users and is now a part of the Tron network. Steemit is designed as a Decentralized Application (DApp) built on top of the Steem Blockchain, using a cryptocurrency to reward users for their content. The Steem blockchain is a social blockchain, which includes a rewards system to motivate users for creating and engaging with content on the platform. Steam is a community-centric blockchain, which provides an immediate earning opportunity to users of the network.
Users are paid in cryptocurrency for participating on the platform. Users are also given a chance to earn a portion of revenue in the form of Steem cryptocurrencies.
Users are eligible to receive STEEM, the cryptocurrency, by posting and curating content. A Steemit user can gain Steem Power by posting content and voting for it, or by donating computing power to the system, similar to participating as a miner in the Bitcoin system. Steem Power gives users greater influence in the voting mechanisms powering Steemit and increases the potential rewards. New users do not receive much by voting, so they must work towards earning their own Steem power by providing unique, worthwhile posts.
As users produce content, they can bring more users into the Steem Blockchain, and existing users stay engaged. Because the people who hold the most STEEM power wield the greatest sway over what posts will be popular, these STEEMWhales--crypto slang for users who hold a lot of cryptocurrencies--can exert an outsized impact on how popular the Steemit content is (and, by extension, how much users are paid). Steam does not suffer from common data-related problems that plague mainstream social platforms. One of the network's unique features is that it is built on top of blockchain technology - making it the first of its kind.
Steemit is like other social media apps, except it is built on top of blockchain technology, thus making it a decentralized, non-custodial app. The protocol uses technologies from both social media and cryptocurrency to offer users value. Steemit is a blockchain-based platform that seeks to distinguish itself from other social media companies by returning power to its users instead of centralized control between corporate executives.
Its community did not expect the worldwide market for Steemit tokens. Acquiring them worried its community, which had been pushing for changes in system rules to stop the sun from becoming its biggest vote-getter overnight, and eventually, to migrate Steemit onto his blockchain system, TRON. Sun convinced multiple crypto exchanges to use their millions of Steemit tokens to swing votes his way and alter the platform's rules.
After my 1 hit post, I realized it is only with hard work and consistency that one can succeed in Steemit. The coolest part of Steemit is I get rewards too, just by creating quality content.
Your post was upvoted and resteemed on @crypto.defrag
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hello @khanbhai786, what a pleasure to welcome you to steemit which is a unique platform where you can find value in everything you like and want to share in a digital world of wide possibilities, I invite you to make your first achievement for this community of recent arrived with the following tips:
** PD: Don't forget your cover photo with your presentation poster and use the correct tags ( #achievement1, #introduceyourself, #tupais), once you make the corrections, answer me and name me in a comment and I'll come back **
It is important that your presentation includes the answers to the following questions:
Learn all about the achievements for new users here
Greetings 👍
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit