Steemit: Six Reasons Crypto
Welcome to Stemit! The Social Media Millionaire Maker. In this post, we will be reviewing my experience with Steemit as a Cryptocurrency Investing Platform. It is also an incredible way to make decent money by adding content every day.
Reality of Facebook and Twitter Privacy
It took me too long to switch but I finally did. I’ve always been leery of Facebook and Twitter. Mostly because it feels like a big invasion of digital privacy, social engineering, and sometimes psychological manipulation. (Facebook)
Cryptos Explained
Crypto are digital currencies that exist in the form of a data pattern called 'blockchain.' It is entirely decentralized and can be used as a medium of exchange that utilizes cryptography to keep records private. Bitcoin was the first cryptocurrency, but as time goes on, we will more likely use other cryptos instead of bitcoin.
It uses blockchain technology, which is a totally decentralized system and can be used as a type of exchange. Cryptography is used to keep records private. The first cryptocurrency was Bitcoin, but as time goes on, we'll more likely use other cryptocurrencies.
Six Steemit Reasons Crypto is Better Than Facebook or Twitter
In addition to its decentralization, crypto enables anyone who owns bitcoin to send value anywhere in the world without having to convert it into a traditional currency. That's one of the very big benefits of international transactions. If you want another reason crypto is better than Facebook or Twitter, Steemit's blog entry says that crypto creates something of an "anything goes" mentality that encourages creativity, independent thought - and upload any pictures you want.
Facebook, meanwhile, limits its users to a limited number of photos and words in their posts; Instagram also restricts what type of information can be published with hashtags.
Error Correction Mechanism in the Blockchain
The bitcoin network is secured by a powerful protocol that creates an element of uncertainty for would-be hackers. To gain control of the network and introduce malicious code, the hacker would need to obtain a majority of the computing power in the blockchain. This task is made impossible by the bitcoin validation algorithm which relays double-spending transactions and blocks those not verified. The open-source nature of this protocol also enables it to constantly change as computing power increases or as new vulnerabilities for attack are discovered.
No Ads or Tracking
Steemit is a great blogging website that does not load a bunch of ads or track your browsing habits by following links. The primary goal is to help writers create content and earn crypto to share with the community. Other sites do the same, but Steemit is just focused on one thing while they scale up and make improvements.