Steemit is a new social media innovation. But what is it that distinguishes between Steemit with other social media such as: Facebook? and are there any similarities or differences between Steemit and BitCoin?
First of all, Steemit is a social media that runs on blockchain technology, as well as BitCoin and Ethereum. The three main roles of blockchain are transparency, decentralization and have the value of a cryptocurrency token unit. Facebook does not run on blockhain technology, so it is centralized, where it has an owner who owns his site and organizes as he works.
While this decentralized Steemit has no owner. So also with all private key access, post key, reward key and owner key, only known by the owner aja. So when we register in Steemit, the password to the account we just registered is our own and can not be reset by anyone in this world. For that if you forget your password, no sesiapun can get it back.
In addition, what is happening on the Steemit system is transparent, so that all activities that occur in the steemit platform can be monitored by users on the blockchain. Unlike Facebook where there are some aspects that can not be reached by users.
Maybe we'll start asking how the steemit platform can control its technological evolution. Actually the blockchain technology implemented by Steemit is the same as BitShares, where each user has a key that can determine what will happen to his system (proposals, worker and witnesses)
Speaking more deeply about how to reward the steemit system, it is important to know first that the Steemit site works as a web wallet: a wallet that rewards its users. When we post, vote, comment or trade he interacts openly on the Steemit blockchain. So steemit site is actually cumalah just a website interface.
If someone starts posting content on the steemit site and gets rewards, we may start asking how does blockchain steemit that does not have this owner can determine who will get rewards? The answer is ... based on the upvote quality of the readers. If we post something of quality on Facebook, maybe we will get positive comments and likes, but we do not get monetary rewards (money). In Steemit, we get rewards for the content we post in the value of Steem Dollar and Steem Power units.
Steemit is a very interesting system because both parties who post the content and who vote on the content will get rewards for their efforts. For that you should not write content with world-class content to get rewards, but by just looking for new content content that you think is potentially big then voting on the content then he can also pledge rewards for you. The sooner we vote on potentially large content, the sooner we will be rewarding the content. If there is a wrong sharing of 50-50 between content writers and people who are voting.
Now another question arises that might make you think where did this money come from? How can Steemit provide rewards to authors, voters and miners who maintain the stability of this network function? Well .. so the concept of working all this work is the same as it seems like BitCoin. As we know ... BitCoin pays the miners through subsidies generated through the creation of new BitCoin which basically does not originate from anywhere, just like a company mengissues new shares to fund a project. Because BitCoin does the same thing, Steemit is also inspired by the concept to pay for content content posted by a person and also to his supporters.
Because Steemit is a blockchain based on the social media concept there will be some features in Blockchain Steemit that distinguish it from Bitcoin. One of the features is Steem Dollar. The purpose of steam dollars is because most of the users who register in Steemit come from backgrounds that do not recognize cryptocurrency. And of course, they want to be declared in dollars. They do not want to speculate in the ups and downs of the value of cryptocurrency assets, so for that dollar steem comes as a unit value that has a value equal to the dollar.
Another thing that makes Steemit technology unique is that it has the ability to deal with large and fast transactions (3 secs transactions per block). When one creates a social media platform, it requires a large capacity internal network and steemit has an enormous capacity that is even superior to Reddit. Something more important to do with Steemit technology is that all transactions that happen to blockchain steemit is free.
If BitCoin implements the proof of work's alogryma concept objectively, then Steemit applies the concept of a subjective proof of work alogryma. In the concept of rewarding Bitcoin, the miners have to pay for energy (electricity + hardware) to mine BitCoin .. while in Steemit, every article post and article interaction is generating rewards for its users. What happens indirectly in this case is that it will generate a networking effect that will attract the attention of netizens around the world. Imagine all quality topics posted at any time on the Steemit site will continue to pack the google search which then for the long term will increase the value of the Steemit platform itself.
there is no reason for netizens not to mention whoever you are not to join the Steemit Platform that does not require any capital. Ane said so because of any effort you devote in the social media platform Steemit, I believe will produce results later.
