Steemit. the revolutionary social network

The Steemit network has as a main difference, in terms of other social networks, that it rewards its users with cryptoactive, or, in other words, the participants of this social network could earn money by sharing, creating and voting content.

We do not need to be experts in blockchain or cryptoactives to use Steemit, just constancy and creativity, because the main goal of this network is that the content is useful and attractive to other users. It is very similar to a blog: users write publications to which photos or videos can be added, as well as links or mentions to other accounts within Steemit. There are even some tools to facilitate some related functions.

Basically, to make a publication we click on "Submit a Story", and there we are shown a simple box in which we will write and develop our idea. We also have a simple text editor.

HOW DOES STEEMIT WORK?
On the platform there are three types of rewards for publications: the cryptoactive STEEM and Steem Dollar, and the STEEM Power. The first is used for the operation of the network and to be marketed in exchange houses such as Poloniex, Open Ledger, Bitterx or ShapeShift, where STEEM could also be purchased with other cryptoactives, as well as Steem Dollars; with the difference that the latter will always have a value close to 1 to 1 with the US dollar. For its part, STEEM Power is the measure of influence that the user will have to vote or publish: the more power a user has, the more rewards he can receive. Additionally, STEEM Power can be purchased with STEEM or Steem Dollars.

In order to claim the reward, however, we must wait for the seven days available to Steemit for the publication in question to be voted on and disseminated; also with the comments. The percentages of the publication reward are usually divided between 50% STEEM and 50% STEEM Power, although there is the option to charge everything in STEEM Power.

On its operation it must also be said that, at a technical level, the blockchain Steem differs from others such as Bitcoin in that instead of "miners" it uses "witnesses", who are rewarded with STEEM Power to produce the blocks; so no, you can not mine. In the protocol, called "delegated proof of stake", only 10% of the produced cryptoactives are assigned to the witnesses, while the other 90% is granted to "content producers, curators and owners of STEEM Power" . With this system, which is also open source, a new block is produced every 63 seconds.

At the same time, the community will choose the "witnesses" that will make the network work, produce blocks and act as a kind of government. There are 20 witnesses who each produce a block in each round of 63 seconds, and a number 21 that will serve as a reserve. The user has 30 votes to choose the witnesses he prefers.