History. On July 4, 2016, Steemit, Inc., a company founded by Ned Scott and blockchain developer Dan Larimer, launched the social media platform Steemit as first application built upon Steem blockchain. On July 14, 2016,
Steemit is designed as a decentralized application (DApp) built upon the Steem blockchain, using the eponymous cryptocurrency STEEM to reward users for their content.[2][3][4] By voting on posts and comments, users get to decide the payout of those posts. Users also get so called "Curation Rewards" for finding and upvoting content that gets upvoted by other users afterwards.
