"Hot News Contest 20 | FAQ Steemit"

Steemit is a social media platform that is based on blockchain technology and is powered by its own cryptocurrency, Steem. Unlike traditional social media platforms, Steemit is decentralized, meaning it is not owned or operated by any one company or entity. As a result, it is not subject to the same rules and regulations as other social media sites, allowing users to have more freedom and control over their content.

Unlike other social media sites, Steemit rewards users for their content with digital tokens. This reward system is based on the Steem blockchain, which is a ledger that stores all of the transactions that have taken place on the network. When a user posts content, they are rewarded with digital tokens in the form of Steem Power (SP) and Steem Dollars (SBD).

Steem Power is a form of digital currency that can be used to purchase items on the Steemit platform, and it also functions as a form of voting power. When a user votes for content, they are rewarded with a portion of the post's curation rewards, which are the profits from the post. This rewards system is based on an algorithm that takes into account the amount of Steem Power a user has, as well as the amount of time since the post was published.

The author's prize is the portion of the post's profits that is rewarded to the author of the post. This prize is determined by the amount of upvotes the post receives, as well as the amount of Steem Power and Steem Dollars that the author has in their account.

Curation trails are a way for users to follow and vote for posts that have already been upvoted by a certain group. This allows the user to benefit from the curation rewards of the posts that have already been upvoted. The benefits of curation trails are that it can help increase the number of upvotes for posts, which can lead to more curation rewards for the author as well as for the user who is participating in the curation trail. However, it can also lead to abuse of the system, as users can upvote posts for personal gain, instead of for the benefit of the community.

There are some things that are strictly prohibited on Steemit. These include plagiarism, spam, cheating, and any other activities that are deemed to be unethical. Additionally, Steemit has a zero-tolerance policy for any kind of hate speech or bullying, and users who engage in such activities may be banned from the platform. Finally, Steemit does not allow users to post content that is pornographic or excessively violent in nature. All users are expected to abide by these rules in order to ensure that the platform remains a safe and enjoyable place for everyone.

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