Friends, I hope you are all well. Alhamdulillah, I am also doing well. Many people work on Steemit but do not know much about it. I will discuss Steemit part by part, so let's start today's episode. What is Steemit? Steemit is a social media platform. However, it is not like any ordinary social media. Steemit relies on blockchain and allows us to earn cryptocurrency.

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It is different from all other social media platforms. In other social media, you have to fulfill many conditions to earn by posting and commenting. But on Steemit, as soon as you open an account, your earnings begin. Each post has upvotes and downvotes. If someone upvotes your post, you will earn. After posting for 7 days, you will receive your coins in your wallet. We mainly receive two types of coins: Steem and TRX. Steem coin payouts occur after 7 days of posting. Then you can redeem the coins from your wallet. TRX payouts usually take around 1 month or more. You will receive TRX in the same amount as the Steem you earned.

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Let's learn more about some topics. Steemit primarily depends on blockchain. When you open a Steemit account, you cannot set your own password. You will receive a password from the Steem blockchain. You should download it once you have the password. If you ever lose your password, it cannot be recovered because it relies on the blockchain. You can change your password if you wish, but you will receive a password from them.

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Steemit has been around for many years and will continue to exist, Insha'Allah (God willing). Another good thing about it is that you can sell your earned Steem and TRX coins on the Binance exchange. To work on Steemit, you need to know about Markdown. You can search for "Steemit Markdown" on Google to learn about it. Currently, there is a Steemit app available in the app store. You can also use it to run Steemit. The app is named "SteemPro." So, this was today's post. See you in a new post. Thank you, everyone.