Things To Know About Steemit

in Newcomers' Community • 2 years ago

  1. Steemit is a social media platform that rewards users for creating and curating content. This is done by awarding tokens, which are called STEEM, based on the amount of upvotes content receives.

  2. Steemit is blockchain-based and uses a proof-of-stake system, which means users are able to acquire more Steem tokens as they interact with and use the platform more.

  3. Steemit is powered by its own cryptocurrency, Steem Dollars. A user’s Steem Dollar balance can be converted into various other digital currencies, such as Bitcoin.

  4. Steemit features its own internal voting system, where users can upvote other user’s content to reward them with a larger share of the rewards pool.

  5. The Steem blockchain is open-source and its code is available for anyone to view and contribute to on Github.

  6. Steemit
    ryazan-russia-may-27-2018-260nw-1100099477_1.webp there are more to Steemit knowledge to share with you.

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