Welcome to steemit @oyolsteemup. Here is the direct quote from the steemit FAQ Located Here.
What is the difference between Steem and Steemit?
Steem is the name of the blockchain that stores all of the data and transactions, and processes all of the events that take place. STEEM is also a name for the system’s value token (currency).
Steemit is a front end web interface to interact with the blockchain, and view the blockchain data.
So basically "steemit" is the site you see in front of you built on top of the "steem" blockchain which uses "steem coins" as its currency. Hope that helped.
Both are same... the 'steemit' is front end web to buy n sell 'steem coin'
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