Steemit is the next big social media platform because. Unlike Facebook or Twitter, Steemit is actively rewarding users for being part of the ecosystem. Additionally, users can value other people’s posts by up voting them. The platform’s latest payout was worth US$1.3m, representing 10% of steem’s market cap. Getting rewarded for being active on social media is something many people dream of, but very few manage to achieve. Or that used to be the case until steemit came around. This platform shares some traits with Reddit, albeit in a decentralized manner. All of the platform’s users can get paid to contribute and curate content. For YouTube stars and so-called influences, posting content to social media websites can be quite lucrative. The rest of us get zilch. Entrepreneurs Ned Scott and Dan Larimer are looking to change that. The duo co-founded steemit, a bitcoin-inspired social network that rewards those who sign up with cryptocurrency. By continuously posting pictures, authoring articles, or "up voting" other.. The Technology behide Steemit is a new social media site that uses blockchain technology and a cryptocurrency system to reward individuals for their posts, comments, and votes. People can engage with others on Steemit by posting, sharing, and voting on content, while earning money in the form of the new cryptocurrency, Steem, which can be converted into USD. With the Steemit widget, bloggers can continue to blog from the sites they currently use, however, their posts would appear on Steemit, making them eligible for cryptocurrency rewards. Steemit’s system has the ability to improve the quality of life for people around the world by creating income and promoting good content. Based in NYC, the developers hope that the platform can be leveraged to empower opportunities and drive job creation for New Yorkers.
