You are viewing a single comment's thread from:RE: Bye YouTube. Hello Steemit!View the full contextvege (25)in #introduceyourself • 7 years ago How is the platform funded? Who is in control of it?
It's funded by Steem. Steem is produced by mining using delegated proof of stake. The Steemit network is run by the top 20 witnesses. Witnesses are elected by the users here: https://steemit.com/~witnesses
Everything is explained in the whitepaper:
https://steem.io/SteemWhitePaper.pdf