Let's Learn About STEEM

let's learn about steem, a cryptocurrency that empowers content creators.

lets learn about steem

the company steemit , Inc. steemit platform was launched.

The company was founded by Ned Scott and blockchain developer Dan Larimer.

In early 2020, the Tron Foundation acquired Steemit, viewed by some as a controversial and as hostiles takeover.

In march of that same year, some members of the steemit community forked the network to create HIVE as an alternative blockchain platform.

Now
The Steemit company fosters a platform of the same name, where content creators can publish to the platform and receive cryptocurrency rewards based on community voting.

Steemit is a social media network built on top of the Steem Blockchain.

One way to think of it is like a decentralized form of Reddit.!

The kicker though, is if a place of content gains a lot of upvotes, the person who posted it can get lots of crypto cash.
Also, users that hold more crypto in their account have more voting influence.
I've posted on Reddit before and sometimes received like, 2000 upvotes.
But I have nothing to show for it !!!
Steemit changes that game entirely.
Crypto rewards can come from the network itself, of from tips given by other users. So, I feel like I could have made that cash but i didn't because i wasn't using Steem.

There was three native crypto assets on the steem network : STEEM, STEEM POWER, and STEEM DOLLAR.

STEEM is the base coin of the ecosystem.

STEEM POWER is used as a voting influence on the network.

Time locks are used to Power UP and Power Down STEEM POWER.

STEEM DOLLAR is a decentralized stable coin with a loose peg to the US dollar.

All three work in concerto power the STEEM ecosystem.