As we all know, Steemit is a social network like Twitter, Facebook, My Space and many others that we know. What distinguishes STEEMIT is that their initiators, Ned and Dan, took the work to make a different commercial approach that would appeal to their users: they give them rewards, in the form of a virtual coin, STEEM, if the users do certain actions within this social platform. Therefore, they created a virtual currency, STEEM, that can be interchanged with the other virtual currencies, to compensate their users.
This currency, at the moment when I am writing this, was among the top 20 currencies in a scale of over 4.000 virtual currencies that have been created during the last eight years, when everything started with the very well known Bitcoin. In order to see this information and more, you can check Criptocurrency Market Capitalizations, a website dedicated to this subject, where BItcoin predominates with close to a 50% of the world's virtual coin capitalization. The actual value of a STEEM is over a dollar, but it could raise very quickly according its commercialization and usage.
Like other social networks, Steemit has certain similar concepts, as for example: LIKES in the form of UPVOTE, but here we receive votes and money (in the form of Steem and STEEM POWER. What is STEEM POWER? It is like hash power in mining -increase the opportunity to earn more Steem. The more you have, the more you can earn. So we are gaining STEEM and STEEM POWER by our likes, comments and use of content, etc. In the UPVOTE arena, there is also a “pool share" concept that compensates all of those that participate in the same conversation or trending, which helps everybody earn a little bit of the main pot.
This is like this: If you like my commentary, click REPLY and enter in the conversation. Then, UPVOTE to get a share of the STEEM already earned or to be earned, and share the article so more people can read it and do the same. Next to REPLY, you can find an arrow that helps sharing what you have read. Before sharing, you should know that FRIENDS or FOLLOWERS are very valuable in a social site like STEEMIT. So find the friends in each trending, follow them and start socializing. Next to their name, you have the feature to follow them. Contrary to other sites, here they don't ask you if you know them. So you can follow all of them and if they accept you, you can make grow your network, which is also my nextwork or our network. The more friends you have, the more valuable is your site and you can see a reflex of that in your wallet.
The wallet, which is under your image, tells you the value of your page an how much you are earning day by day.
An important part of the wallet is that it has certain keys or adresses that are important to move your money.
If you like what I just wrote, welcome to STEEMIT. Follow me, leave a reply with any questions, and give me your upvote and resteemit. Let's make some STEEM together!
