Understanding Steemit For Beginners (Economic Fundamentals)

Understanding Steemit For Beginners (Economic Fundamentals)

Wew .... not easy to understand the overall concept of Steemit because its economic fundamentals quite different from other cryptocurrency. Reading the document whitepaper Steemit yg thick 44 pages also quite dizzying head especially if not impatient. The purpose of writing this article to share an understanding of Steemit so far. It should be understood that sy is also just beginning to learn it and not a Steemit expert, if there is one please understand and more happy if you want to help correct it by commenting below this article.

Steem & Steem Power & Steem Dollar

To understand the fundamental concepts of the Steemit economy, we must understand the functions of these three values. First ... Steem is a unit value that we can buy directly on the Bittrex platform exchanger, and note that it does not work like a BitCoin where it is stored as a value asset because every year Steem's total supply increases 2x.

How is Suppy Steem created? The answer