STEEM, STEEMIT AND COMMUNITY
STEEM is a crypto currency which uses block chain technology , which was initiated by BITCOIN. So how this technology works ? , Block chain technology for Bitcoin , there are lot of miners who run software it create blocks and solve the complex mathematical problems which helps in creating a secured network for their transactions. I find it so pointless why to run the software's to solve unnecessary hard complex mathematical problems, But still Bitcoin has no other options with them and that is the reason miners are rewarded with some Bitcoins for their work .
Why Steemit Community Is Very Important For Steem ?
Steemit Community are the people like you me and others bloggers on Steemit who are posting lot of content each and every second from all around the world. The blogs or content which we post on continuous basis is created in terms of blocks, same way Bitcoin use to run software to create blocks . It is very essential for Steem to keep on producing lot of blocks every second or it will have lot of issues to have a secured network and quick payments. Our blogs (posts) on steemit helps Steem to maintain the secured network and enable quick transactions. If people start using Steemit , Steem will be out of market in no time , because it will definitely face lot of issues , that is the reason Why Steemit Community Is Very Important For Steem.
Why Steemit pays for your post ?
We all know Steemit is exactly similar to Reddit, If Steem wanted to just create a platform where people can post their content and use it as one of social media platform that would have also worked for Steem. But Steem wanted to more content to be posted on platform to keep their network secure, so Steem created a Steemit Community where they started paying for their bloggers and content creators , basically this was a type of mining on continuous basis and rewarding for their work . So Steemit what pays you is not for free, you have earned that with your hard work and Steem requires you to posts more content daily , paying keeps you attached with Steemit Community and Steem gets what they want . Basically it is a Win -Win for both.
Why STEEM Has A Big Future ?
Steem really has a very big future ahead because it don't run on continuous software , It is run on Steemit Community .It is the back bone of Steemit . Steemit is still in its innovators phase and there are lot many people joining the platform and posting lot of content . Bloggers are paid for their content , which will definitely attract lot of people from all over the countries to post and get paid for their work . It provide basic income to each and every person in world by simply posting content. It creates lot of new content , and easily accessible to anyone .
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thanks dear
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-Actually bitcoin is a block chain technology that runs in POW ( Proof of work) where miners uses hardwares ( ASIC MINER) to solve mathematical problems in order for the system to be secure and decentralize.
-Steem uses complex technologies in order to secure its block chain this includes Capital Contributions which is some what the same as proof of stake and Subjective Contributions which they call Subjective Proof of Work which in the criteria by which work is evaluated is completely subjective and its definition lives outside the source code itself. One community may wish to reward artists, another
poets, and another comedians. Other communities may choose to reward charitable causes or help advance political agendas.
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yep you are totally right , thanks for improvisation, and your comment.
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