What you should know is that Steemit.com has redefined social media by developing a vibrant, stimulating and growing social economy - a community where users are rewarded for sharing their thoughts. It's indeed a new type of attention economy.
Steemit.com is one among other websites (including Busy.org, DTube and Utopian.io) that are powered by the Steem blockchain and the STEEM cryptocurrency. All the websites read and write content in the Steem Blockchain, which stores content in a big, immutable book, and rewards users for their contributions with digital tokens called STEEMs.
Every day, the Steem blockchain makes new STEEM tokens and adds them to a community's "reward pool". These tokens are then awarded to users for their contributions, based on the votes received by their content. Users who hold more tokens in their account as "Steem Power" will be able to decide where a larger portion of the rewards pool is being dealt.
While other social media websites extract this value for the benefit of their shareholders, Steemit believes that platform users should receive the benefits and rewards for their attention and contribution to the platform. That’s why content creators and curators are being paid daily.
Unlike most social media sites, it's impossible to recover your account if you lose your owner password / key! That's why it's extremely important to back up and back up your password safely. It is strongly recommended to store an offline copy in case of hard drive failure or other disasters. Consider digital off-line storage, such as an external drive or flash drive, as well as printed paper stored in a fire-resistant safe. Use a safe for better redundancy.
If you pass your private key to another user or to a third-party website, that user or website will have full access to your account. That means they can steal it, as well as the funds inside. It is not recommended that you enter your private key information with another user or third-party website. If you believe that your account has been compromised, you must immediately change your password / keys.
Each account has several keys, each with different authority levels: owner, active, write, and memo. Information about the different types of keys and their purpose, as well as additional information about password and key security, is available in the steemit Security section.
No, you are free to post, comment and vote on the content of steemit.com. You are even be paid for it!
You can earn digital tokens on Steemit by:
Publishing - By sharing your posts, you can gain feedback from community members. Depending on the bonuses you receive, you can get a portion of the "rewards pool".
Vote and Organize - If you find an article and vote for it before it becomes popular, you can win a curation reward. The amount of the reward will depend on the amount of Steem Power you have.
Purchasing -Here Users can purchase the STEEM or Steem Dollar tokens directly through their Steemit wallet using Bitcoin, Ether or BitShares tokens. The tokens are also available in other markets and markets such as Binance, Bithumb, BitShares, Bittrex, BlockTrades, Changelly, GOBADA, GOPAX, HitBTC, Huobi, LocalBitcoinCash, Poloniex, Shapeshift.io, UpBit and Yensesa.
Acquisition - STEEM chips powered by Steem Power will receive a small amount of new chips for the outfit.
