What is Steemit and How Does It Work?

Steemit — a social media network built on top of blockchain technology — has taken this craving for Internet popularity points and has turned it into a way for bloggers to earn cryptocurrency.

While Facebook earns money by having people use it, Steemit rewards users for posting, commenting, and even just upvoting. That means if that stunning waterfall picture you took makes it to the “Trending” page, you could potentially make hundreds of dollars worth of STEEM — the cryptocurrency that powers the site.

Unlike other social media sites, once you sign up with your email and phone number you’re placed in a waiting list. It could take as little as a day to as long as a week for an administrator to verify your account.

Once you’ve gained access to a new account be sure to safely store your password. Steemit does not include a password recovery system, like most other sites, so if you get locked out you’re out for good.

Another distinct attribute of Steemit accounts is that they cannot be deactivated or deleted. They are permanently stored on the blockchain, much like standard cryptocurrency purchases.

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