Today I am telling you about steemit.

Steemit is a blockchain-based blogging and social media website that rewards its users for publishing and curating content with cryptocurrency STEEM, and is owned by Steam Inc., a private company headquartered in New York City and Virginia.

Social media platforms steemit.com

                 Operating principle

Steemit is designed as a decentralized application (DAP), built on the Steem blockchain, which uses epryptocurrency STEEM to reward users for their content. By voting on posts and comments, users decide to pay for those posts. Users also get so-called "curation rewards" and find and highlight content that is later downplayed by other users.

                           History

On July 4, 2016, Steemit, Inc., a company founded by Nedam Scott and blockchain developer Dan Larimer, launched the social media platform Steemit as the first application built on the Steam blockchain.

On 14 July 2016, Steemit announced on his website that he had been hacked. According to him, about 260 accounts have been compromised in the attack. About $ 5,000 worth of steam dollars and steam are reported to have been carried by the attackers.

In March 2017, Dan Larimer stepped into Steemit as Chief Technology Officer and left the company.

With the price of steel falling during the 2018 cryptocurrency crash, Steemit faced financial difficulties and had to lay off 70% of its workforce.

On January 22, 2019, Steemit announced structural changes to his leadership team. Former CEO Ned Scott was named executive chairman, Elizabeth Powell, former head of communications, and Advocacy the new managing director.

I collect data and create a post.
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