steemit wikipadia

in steemit •  7 years ago 

Steemit is a blogging and interpersonal interaction site that uses its Steem blockchain-based prizes stage for publishers.[3] The Steem blockchain produces Steem and Steem Dollars which are tradable tokens acquired for posting, finding, and remarking on content.[4]
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Steemit is a blogging and interpersonal interaction site that uses its Steem blockchain-based prizes stage for publishers.[3] The Steem blockchain produces Steem and Steem Dollars which are tradable tokens acquired for posting, finding, and remarking on content.[4]

Steemit, Inc. is a secretly held organization situated in New York City and headquartered in Virginia. The organization was established by Ned Scott, and Dan Larimer, maker of BitShares, and EOS

Fiscal system[edit]

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Steem depends on the Smart Media Tokens (SMT) convention, created by Steemit. As of December 2017, CoinMarketCap.com recorded Steem with a $475 million market capitalization, and positioned Steem tokens 32nd of 1,358 digital forms of money. Client activities, for example, upvoting encourages Steem's Proof-of-Brain calculation, which likewise factors in the Steem Power a client holds, to give motivating forces to content makers and the group by exchanging little measures of the Steem token currency.[9]

Steem started with a very inflationary supply show, multiplying generally every year.[6] However, because of group request, on December 6, 2016 the expansion rate of Steem was changed to 9.5% every year, lessening by 0.5% for each year.[10]

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