Steemit is marketing as a block-based social media network and is built on the top of Steem, a complete and decentralized economy of social crypts.
Steemit is built on the block chain Steem, it is similar to the Bitcoin block string, but it is separate from it. Another name for blockchains is Distributed Accounting Technology (DLT). This means that it is a distributed database - many people keep copies that are spoken in order to stay up to date. The records are added to the string of blocks in sequential order. These records, or blocks, when added to the database, or string, can not be modified. They are immutable - read-only.
Steem is peer-to-peer. There is no central control. Developers, however, exert a great influence on the course of Steem.
Steem is like Bitcoin, Ethereum and other cryptocurrences, but in fact much more.
While Bitcoin miners earn rewards en bloc by solving difficult mathematical problems - called objective proof of work - Steem rewards users for subjective proof of work: creating and keeping (upvoting and flagging) content.
This is unique. And this offers you many opportunities to gain cryptocurrence, especially through content creation and retention.
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Thanks, this is a good little summary of what Steemit is...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
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thanks follow me and upvote id do the same
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
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I can surely do that. Please upvote my blogs and follow me .thank you.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
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Nice
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Nice
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
nice
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Umar rauf
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Nice
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit