How Steemit Works

Slower just like to give you a little explanation into our steemit

it works so it with the definition well steemit is a social media and blogging powerful that pays users for posting content.

Now i have been trying to explain this to many people is actually quite of called to explain and the question that people will most often ask is how do that how does it work, how does it pay you. With this money comes from to help and we have to explain a revolution in new technology called the block chain if you have heard of block chanin technology yes then i can guarantee you will hear it of many times in the months and years to come.

Block chain technology is the technology that underpins big car. Now if you've heard a big you will know it's the world's first krypton currency invented in two thousand and which during the world's financial crisis going into use in two thousand and line every year since then it's used has been more and more widespread and it works your importantly the big change has worked as a fantastic system of storing value and validating exchanges.

But what is that not change? What is this technology ? well here the definition from down at night extract scotch authors of a fantastic book called the block chain revolution. They find block chain as an incorruptible digital leisure of economic transactions that can be programmed to be called not just financial transactions but th everything of them.

Another way of explaining is just as a constantly expanding dates place that has various terrified copies on multiple machines around the world and this database can store value transactions who owns work that you.

i'm just about anything and this is that you can be programs just like any other computer program to do very things but as i said it's this cube use you'd think like cloud computing, a pair computing so there's various copies of this leisure. This block chain all around the world on different cases with walls of distances it's not centralized so those are parity were centralized all authority is necessary to validate anything on the chain.

so this is very useful revolutionary

as you can see him with just big going for example the currents he knows the policy is needed to get involved in transactions this means no bans, no governments, no exchanges on used to transfer him from one person to another, from one business to another.

Thanks no uncertainty over the government interfering with the body supplier anything else so how does this applies as steem these social means
here and blogging actual well similarly this is the way nasty mic is not central
and it doesn't have a loss or at so it's appears up here there's no facebook instagram you should authority deciding of what because were what you can see and what you can't see a various other things.

Now of course there are rules and steem it you know and answered post anything illegal for example and there will be some sort of authority to police what have and some steem it to make sure there's no spare rumbles well and and the people who did this or the uses the community in statements and of course the people with the most power and steeming are the ones that have the
most authority the users who have been there for the longest period of time or who have interacted and posted with the same iq community a lot.

So there is still a centralized authorities unite but it's just look in the same way as
you have with facebook in been on the other social media platforms that of course there's more imprisons
about this decentralized nature of the platform because there's no ads, no selling of your personal information and no censorship.The practical at that runs
the name is is called the same.