All about our steemit platform - part 01 .
Currently, blockchain has reached the pinnacle of development in keeping with our era. Blogging is now happening within the blockchain system that we can see with our own eyes. But we have many questions about this steemit. what is it How does it work? How can we earn rewards? and much more . It is not possible to answer all the questions but I will try to answer some important questions which may be useful for you.
First of all, the question is what is Steemit basically? The answer is very simple, Steemit is a blogging platform, where we can earn rewards by blogging. And we get those rewards through crypto currency. Steemit has its own blockchain, Steemit also has its own coin and the coin is "steem" . And the Steem Coins are distribute among us as a reward.
Now here our reward is divided into 2 ways. 1 is our Liquid and another is Power. Power is basically used in all our activities. For example, if we have a lot of power, then we can get rewards by voting for the author as a half. And those who vote are called curators .
Now another question arises in everyone's mind that is what is steem Wallet? Soo, Steem Wallet is a wallet account for depositing the rewards we earn from Steem (by blogging or by voting ) . We can control it by our active key . If you have any questions about key security then you can read my previous post. It will give you a lot of idea about key security .
Steem wallet address is in our steemit username. In order for us to send steem or SBD to anyone on Steemit we will need to their username. Now what is SBD? SBD is the 50% author's liquid reward. But currently the price of SBD is a little low so we are being given Steem coins as liquid. I hope I have given you a general idea about steem . Thank you for today .
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