Steemit is a social media platform that rewards its users for creating and curating content. It is built on a blockchain technology called Steem, which allows for fast and secure transactions and a transparent reward system. Here are some key concepts to help newbies understand how Steemit works:
Steem: Steem is the native cryptocurrency of the Steemit platform. Users can earn Steem by creating and curating content, and they can use it to buy goods and services or trade it on cryptocurrency exchanges.
Steem Power: Steem Power is a measure of a user's influence on the Steemit platform. Users can convert their Steem into Steem Power, which gives them more voting power and allows them to earn more rewards.
Steemit Wallet: The Steemit Wallet is a digital wallet that allows users to store, send, and receive Steem and Steem Dollars.
Steem Dollars: Steem Dollars are a stablecoin on the Steemit platform. They are pegged to the value of the US dollar and can be used to buy goods and services within the Steemit community.
Upvoting: Upvoting is a way for users to show appreciation for content they like. When a user upvotes a post or comment, they are giving it a higher rank on the platform and increasing its visibility.
Curation: Curation is the process of finding and promoting high-quality content on the Steemit platform. Users who curate content can earn rewards in the form of Steem.
Reputation: Reputation is a measure of a user's activity and engagement on the Steemit platform. Users with a higher reputation score have more influence and are more likely to be rewarded for their contributions.
Overall, Steemit is a platform that rewards creativity, engagement, and curation. By understanding these key concepts, new users can start to navigate the platform and explore its potential for earning rewards and building a community