It's still a very early work in progress. Currently all content is posted anonymously but optional support for logins should hopefully come this weekend.
Anyone can start a peer and replicate/rehost all the content on the network, choosing to filter any content they find objectionable or illegal in their jurisdiction.
Updates are synced between peers in realtime.
Voting is proof of work based.
MIT licensed source code available here:
Congratulations @go1dfish! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!