NEWBIES (CLICK HERE)TO KNOW ABOUT STEEMIT. WHAT IS STEEMIT? HOW DOES STEEMIT WOKS?

HELLO,
IN THIS POST WE LEARN ABOUT STEEMIT WHAT IS STEEMIT AND HOW DOES IS FUNCTIONS!. AS NEW MEMEBER OF STEEMIT FAMILY MANY QUESTIONS MIGHT RISE BUT WE SHOULD AT LEAST HAVE THE BASIC IDEA ABOUT STEEMIT PLATFORM.
HOPE THIS HELPS.

WHAT IS STEEMIT?

Steemit is a platform that rewards its users based on blockchain and a cryptocurrency called Steem. This means that Steemit has its own cryptocurrency called Steem and pays users with it. Just like Bitcoin and Litecoin, Steemit also has its own blockchain and that is called as Steem.

In simple terms, Steemit is a social media website that pays people for posting, commenting and upvoting on its website.

HOW DOES STEEMIT WORK?

Before we look at how to practically make money on Steemit, we need to consider a few things that will help you understand Steemit and how it works. These are Steemit terms that you'll come across frequently when trying to make money on Steemit.

Here are some important terms you should know when looking into how to make money on Steemit:

1. Steem: Steem is Steemit's main currency token. You can use it to top up Steem Power or exchange it for Steem Dollars, transfer it to other accounts and much more. As already mentioned, it's a cryptocurrency, just like Bitcoin and Co.

2. Steem Power (SP): If you're thinking about how to make money with Steemit in the long run, this should be your main concern. Steem power is the value of the influence each member has on Steemit. The stronger your Steem Power, the better your chances of making money with Steemit. Depending on how strong your Steem Power is, you can influence posts and comments. If you've a very strong steem power, an upvote from you can bring a post or comment from the bottom to the top.

3. Steem Dollars (SDB): Steem Dollars are a liquid currency that's pegged to the value of $1. You can use them to buy steem or to trade. You can also use them to shop on websites like PeerHub.