Steemit is a blockchain-based social media platform that allows users to earn cryptocurrency by creating and curating content. As of my knowledge cutoff in September 2021, Steemit had recently undergone a major upgrade to its underlying blockchain technology, transitioning from the Steem blockchain to the Hive blockchain.
This transition was driven in part by disagreements among the Steemit community about the governance and direction of the platform, as well as concerns about centralization and censorship. The move to the Hive blockchain was intended to address these issues and create a more decentralized and community-driven platform.
Since the transition, Steemit has continued to operate as a social media platform with a focus on cryptocurrency and blockchain-related content. Users can earn rewards in the form of the platform's native cryptocurrency, Steem, by creating and curating content, and can also use Steem to make purchases and transactions on the platform. Steemit also offers a range of features and tools for content creators and community managers, including a system for flagging and reporting inappropriate content, and a reputation scoring system to help users identify trustworthy content creators.