How much do you know about Steemit

in mgsc •  11 months ago 

Hiii Friends,
This is my first blog and us now on this blog we are talking about Steemit. Steemit is a blogging and social networking website that uses its Steem blockchain-based rewards platform for publishers. The Steem blockchain produces Steem and Steem Dollars which are tradable tokens obtained for posting, discovering, and commenting on content. we also know but now I give more information for this website.

This website is created in 2 years,137 days ago and this in present-day steemit Website Value: $1362556.56, this website basically located in the United States and city is New York.

This is server information to steemit
IP Address: United States United States
Hosting Service:
Hosting City: Ashburn
Hosting Region: VA
Hosting Postal: 20149
Registrar:, LLC
Domain Created: 2016-02-21 22:44:33
Domain Expires:
Domain Life: 0
Website Value: $1362556.56
Speed: Average (855ms)
Network Name: Amazon Technologies Inc.
Network Country: United States United States

In some day ago I read a new news to related to steemit so please read news carefully.

UUNIO wants its service to threaten the likes of YouTube, where it claims some content creators are barely given $500 even if they amass a million views. It is also railing against internet giants such as Facebook, which makes billions of dollars a year on the back of personal data and advertising – wealth which is never shared with its users. Copyright infringement is also an issue, with fledgling entertainers all too often finding their work has been ripped off by other accounts.

But perhaps most interesting is UUNIO’s plan to challenge other blockchain platforms which pay people to post online – and Steemit is one of the networks firmly in the company’s sights.

According to UUNIO, Steemit’s upvoting system is flawed because the power carried by a single vote is determined by the money held in a user’s account. The company says this has left smaller content creators struggling to earn decent compensation unless their work is recognized by a “whale” – someone with significant Steem Power. To compound the problem, Steemit only pays out rewards for the first seven days that a post is live, meaning creators of evergreen viral content could potentially miss out on years of earnings.

UUNIO’s answer is to give equal voting power to all – eliminating the risk of self-voting and ensuring that a few users cannot control the fates of many thousands more. The company claims a large chunk of its community would need to work together to abuse the system – meaning there is less chance of manipulation. Its platform would also do away with the concept of a compensation period, with UUNIO raising the fanciful idea that creators could use the annual earnings on timeless content for a pension.

In time, the startup hopes to build “a new world where a lot of creators can get fully rewarded” – furnished with a marketplace where content can be bought and sold without commission.

Friends I'm not a professional blogger so if any mistake in my blog so you can tell me...and thanks for reading it.

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@ken1998, I gave you an upvote on your post! Please give me a follow and I will give you a follow in return and possible future votes!

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Very valuable information indeed


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