Steemit is a blogging and social networking site which uses the database known as steem.
The services produces STEEM and Steem Dollars which are tradeable tokens users obtain for posting, discovering, and commenting on interesting content.
In addition to moving tokens from one place to another, Steem is also a text content and metadata database that applications or websites can connect to.Through these apps, Steem users can transact and interact with the Steem database.
Unlike Bitcoin, Steem has no transaction fees for rate-limiting or to pay its block producers. Instead, accounts use bandwidth, which replenishes fast enough that a typical user is not affected or limited.
The people here use the platform to share the quality content or rate the quality content of other users and then in return they are awarded.
Advice to the Steemit Users:
If you decide to try Steemit as a social media platform with the intention to earn back some rewards in return, then what you need is to manage well your expectations and work hard in achieving your goals. Don’t expect to earn a lot of rewards in no time at all, in fact don’t go expecting to earn anything back when you start using Steemit and you will be pleasantly surprised when you start getting rewards for what you do. That would however take some time and efforts.
