Steemit Uses Blockchain to Judge Your Blogs and Pay You for Them

Do you blog? Write articles or essays? Poetry? Journalism? Today there are a plethora of outlets on the internet to get your voice heard, many of which will even pay its freelance writers. Steemit takes the concept of getting paid to write a step further by decentralizing and democratizing the process using blockchain technology and its own internal digital currency, called Steem. Since its official beta launch a few weeks ago, Steemit has grown in community size and content, and the value of one Steem has risen to just over $4, giving all Steem an aggregate mark cap of over $350 million - which can be used to donate to Steemit's content providers as reward for a job well done. 

Steemit

Steemit is an online community that rewards its users for their efforts in generating and adding content. Users create an account with the platform, but there is no central database or server farm. Instead, the content exists over a distributed, decentralized network based on blockchain technology, the same technology that powers digital currencies such as Bitcoin and smart contract platforms like Ethereum. 

Steemit uses an algorithm to determine the value of each user's contribution, the more often a user contributes to the platform, the more their influence grows. Users can be curators, contributors or both; curators read, comment on and vote for content and contributors create content, either original or externally linked to. Steemit users can write about most any topic, from mainstream to niche subjects. Authors get paid when people like what they've written and upvote their post.  

To recap, Steemit differs from blogging sites or forums such as Medium or Reddit in that Steemit is decentralized, and that writers can get paid by the community in the form of Steem, the internal digitial currency of the Steemit blockchain. 

You can read more here:
http://www.msn.com/en-us/money/other/steemit-uses-blockchain-to-judge-your-blogs-and-pay-you-for-them/ar-BBuSHgD