Everything you Need to know about Steemit, Social Media Site
Get Paid to Create Quality Content / Articles
When you post to your social media accounts — such as Facebook, Google+, Twitter & Reddit — when you upvote or like, you do not get paid. But now that’s about to change.
Steemit is a blogging-centric social media network site where you DO get paid for creating and upvoting someone's content. You can also build a following, find patrons and grow your wealth. While doing the thing you love: creating valuable own content.
Take note: Steemit is not some fly-by-night Ponzi scheme. Steemit is about building a community of high-quality people and financing the production of the highest quality content.
Steemit requires no initial investment in order to participate. It’s free to use and you’re not spending your own money when you upvote content you like.
Why Steemit Matters
Why is Steemit important? What can Steemit do for me?
Steemit is like Reddit or Medium, but you can earn equity and cash, and hold debt (thus earning interest), through your interactions with the system.
Steemit enables you to earn cryptocurrency by creating content, curating it, mining, trading and even just by holding two of its three currencies.
Steemit has the potential to handle many times the traffic of Reddit, a popular site for unbridled discussion that has, in recent years, seen significant censorship.
What Steemit is?
Steemit markets itself as a #blockchain-based social media network and it’s built on top of Steem, a complete, decentralized social #crypto-economy.
Steemit is built on the Steem blockchain— this is similar to the #Bitcoin blockchain, but is separate from it. Another name for blockchains is distributed ledger technology (DLT). This means that it’s a distributed database — lots of people hold copies of it that talk to each other in order to stay up to date. Records are added to the blockchain in sequential order. These records, or blocks, once added to the database, or chain, can not be changed. They are immutable — read-only.
Steem is peer-to-peer. There is no central control. The developers, however, maintain huge influence over Steem’s course.
Steem is like Bitcoin, #Ethereum and other #cryptocurrencies, but is actually a lot more.
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