explanation of steemit

Social Media Steemit. You love to write, already usually benefit from blogging? Maybe you need to try Steem. This steem has a social media platform called Steemit. With this Steem, we can also get reward steem coins that later can also be traded.

Steemit becomes a new way of blogging, because you will also get the sensation of how to blog with the feel of cryptocurrency based. It is said that, because the social media Steemit uses crypto-based technology.

What is Steemit?

Steemit is a decentralized social media platform. In it, Steemit rewards the users both for posting their writings, as well as to provide voting posts of others who are considered interesting. Posts can be either blog posts, or video content. This steemit, built using Blockchain-based technology. More precisely, using Blockchain Steem. This has become a new way in the social media world, especially its ability to blog and gain advantage in a system based on cryptocurrency.

Users can get two types of cryptocurrency. Ie Steem Power, and Steem Dollars. To get two crypto is also the same, just by posting, or giving a vote. In fact, no third party is required in it.

Steam coins are distributed through rewards given to pemposting, voters, Steem Power holders, market participants between Steem and Steem Dollars, as well as miners at a predetermined rate. So quite similar to Bitcoin, there is a reward given to the miner.

If previously we know enough how to get cryptocurrency by mining or exploiting price fluctuations, but in Steemit new users can get rewards. In Steemit, there are three types of tokens. The third token is Steem Dollar, Steem Power and also Steem itself.

Steem functions work almost the same as Bitcoin. Can be traded, or transferred. Steem Power is a version of Steem used by the owner to vote. And that is quite interesting, is with the Steem Dollars.

Steem This dollar is awarded if the user has posted a content, or has given voting posts that are considered qualified. Basically, Steem coins are backed up with USD Dollars. Even today, Steem has also been cast in the Bittrex exchanges. Of course this certainly provides more benefits for users because more freely to trade.