What Is The Steemit?
What the system is: Steemit, Steem, known as a block chain (blockchain) that is running the database on top of a blog and a social networking site, social News Service. By sharing interesting content to users, by exploring and by making a comment, the service token which can be traded and the Steem produced by the Steem-earn dollars.
History
The project was founded by Scott and Larimar from the creator of bitshares Ned in 2016. Running both Steemand the platform's website, which finance the continuing development of Satellite, Inc. the founders of the company. Larimar, 15 March announced his resignation from the company in 2017.
Concept
This idea, March 2016 published in a white paper (white paper) is described in detailed. Those interested can read it here.
The general concept, other blog sites or Reddit, social news sites, such as Wikipedia, dictionary is similar, but the contents of the text block in the chain is recorded. Use the block chain, secured with a value of comments and emails allows you to reward factors. Steemit photos can be uploaded and also can be stored. Other multimedia content, the link given from the site where it should be buried. A WYSIWYG editor is used for formatting. Users can choose to use HTML elements with SmackDown format.
Upvote posts and comments users vote for a given Steem name, and named to the best rated writers kriptopar toke Steem and Steem-fixed to the US dollar by monetary factors, called dollars and earn a reward. People also popular for exploring the content you will be rewarded. Curating it (the exhibit) is called. Curating, reviews and contains carvings posts. Voting power held by the voter and rewarding selections influenced by the amount of Steem power.
Steemit, with a score of 25 new accounts started reputasyon reputation/reputation system. The vote for an account, online etiquette, by encouraging interaction and community can affect the way your reputation will be up and down.
Steem Block Chain
The Steem must learn to learn what is not what is before blockchain. Steemit, Steem runs on top of a grassroots network called. Bitcoin can be transferred as well, such as Esteem token or the cabin of a block chain. The booths to carry from one place to another, as well as Steem applications or Web sites that can connect to a database, a text content and metadata. Through these applications users can perform database transactions with Steem the Steem, and the interaction can be found. Many cryptographic hashes such as block chain as the address instead of using the user selected alpha-numeric account names are used. Human-readable account names, transactions directly identity-the identity that can be made to make it easier to understand compared to a hexadecimal hash.
Steem , decentralized consensus (consensus) in a different way than bitcoin reaches. Witness the so-called block-Steem users accounts where created is selected by a delegated proof-of-stake uses a method called. Proof of job not to block the Steem network, the block chain operations in the case of a block every 3 seconds, makes the planning process actively. Block manufacturers, every blog is a small part of the creations of awards; the rest is paid to writers and curators.
Unlike bitcoin, the block or the speed limit steem manufacturers to make payment to a transaction fee (fee). Instead, a typical user is not affected or restricted accounts, not use bandwidth.
Faucet
Steemit.com, steem the chain block and the reference for the contents of the first front-end interface for a web site, although it is a nature that doesn't require permissions to open the network and third-party Web sites and applications of the Steem database and the block chain allows you to connect and interact. Front-end Web site, a portal or a fountain faucet (faucet) is known as. Taps has been created by various third parties. These alternative interface designs, such as sending or Instagram style photo features. For example, Busy.org Steem spout and a user interface with an alternative website. line LTE, Steem for Android and iOS is the application of a faucet. Forum-beta application Chaine style are also available.
Non Steem applications (non-Steemit) and uses the credentials of the user that is used in Steem steemit Web sites. This user account and password, public-key encryption (public key) using the database because this is part of the network is possible. Only for users with accounts, passwords, or key with the appropriate comment, upvote, or transfer transactions, such as verify. A string with a private key for each account has different access privileges. The lowest security level key, the text to send, will allow you to comment and vote, but does not allow the transfer of the currency. Therefore, a hierarchy with the switch, other Steem taps, the risk of an audit without entering the Fund at a loss or it is possible to use.
Monetary system
Steem block-chain has two toke: Steem and the Steem Dollar. Also Steem power (Steem power) has a vested interest in known as. Steem power, Steem is only valid for use in the community; a token, stored value and used for trade. To find the answer to the question, What is the system steemit money you need to learn how the system works.
Steem, roughly doubling every two years increased by times of high inflation started with the supply model. However, due to community demand, 6 December 2016 the rate of inflation of 0.10 per cent per annum in the year steem reduced 9.5% from was changed.
Steem
The Steem network of the basic token download. Multiple Crypto exchanges, stock exchanges and markets are traded. Market value, determines the value of the prize pool pays steem. The value of the dollar at a value of Steem for Steem support.
Steem power (Steem power)
Steem power (commonly abbreviated as SP), a smart contract is entered into and the amount of impact compared to the rest of the network have a user account representing Steem. The Steem power user the more you have, the message or in the comments of an impact of the game is much higher. Steem power also witness the ratification vote determines the weight of an account.
Accounts invested with a small amount of Steem power in the form of Steem is generated. Content creators, by default, 50% liquid currency (the dollar a combination of Steem and of Steem and 50% Steem power instead of 100% Steem power to choose the right reward. Users and investors, empowerment (powering up) is called, converting the liquid to Steem power steem option.
Can not be traded or transferred directly to Steem power, but Steem power 1/13 of the total for the account owner account % steem may choose to withdraw fluid at a rate of weekly payments. This power reduction (powering down) is called. Account, voting in proportion to the effect of the withdrawal of steem will lose.
Steem $
Dollars Steem or Steem -Based $ (abbreviated to SBD), is being designed to be fixed to the United States Dollar. Steem dollars, you can see the transaction in Crypto currency market, and can be used for payments for goods and services.
Sunday steem an internal block in the chain. This Sunday has been integrated into the Steem and the Steem website where you can see the process with steem dollars market. Steem $ 3.5 over a period of days equivalent to the amount that can be converted into a valuable steem.
- Held interest in Steem bucks is also applied. This rate is set as a variable steem collectively by the witnesses. This ratio is usually 0% but can fluctuate. The dollar is trading below parity of the dollar and the U.S. dollar Steem Steem supply Steem is not very high compared to the supply of liquid, although the interest rate may increase.
Nominal US dollars “pinned” while the Steem system together with the volatility of Crypto currencies, makes this goal difficult to sustain. SBD witnesses can strengthen a currency value to manipulate. However, it is also common above and below parity with the U.S. dollar declines.
Wallet
An account of the voting token and the wallet page steemit shows strength. Unlike bitcoin wallet, every wallet is explicitly linked to a specific account are visible and generally Steem . Steem Wallet Steem Wallet for the owner of a dollar and can be done from the Operations page. In addition, account holders, empowerment or power to reduce liquid transfer to the token accounts or accounts from another account, and Steem for $ steem transforming from purse they can do it. Savings balance is presented as a security measure, and the shooting process takes 3 days. Called powering up the transaction immediately, however, if it is called the process of powering down could take weeks. Buying or selling steem (convert to owls) processes, by creating buy or sell orders can be done through the market.
Awards
Awards, post and comment to the author for the 75%, the curators and 25% will be divided into two parts in the way. Dividing a post or comment in a ratio of 50/50 liquid and Steem power agents after 7 days of the date of receipt, to the authors and reviewers are given. For articles 100% Steem power, the award is optional. They can refuse to pay the authors.
Media usage and
A short time ago what is the system? " for when we searched, we couldn't find much information. But Steem is quite evolved. More than 170.000 Steem account right now as of May 2017. July 4 in 2016 after the rigid fork for Steem users$ 1,300,000 Steem and Steem colar paid.
