What is Steemit?
Steemit is much more than a money-making opportunity. It is a decentralized social media site, like Facebook or Reddit, but without a big company at the top that sucks out profits. Steemit uses a new model for social media, relying on people instead of advertising. Users post content, link content from other sites, and help to curate it by upvoting the best content to everyone else’s attention. That puts it beyond the control of greedy corporations, large media conglomerates, and repressive governments. It is the first social media site that’s truly free of these controls.
The content is free and the money goes to the people who post and vote on it.
Steemit runs on the blockchain, the same technology that powers Bitcoin and other cryptocurrencies. The blockchain allows information and transactions to be verified quickly, securely, and automatically. Because the site can pay you automatically, there is no need for a big corporate infrastructure, and there is no corporation to run away with your profits. You are paid in STEEM dollars, a price stable token that is always worth about $1 and can be converted to Bitcoin or regular money. You are also rewarded with greater voting power and a stake in Steemit’s growth each time you post and vote on good content.
SOURCE: https://www.amazon.in/Steemit-101-Discover-Social-Content-ebook/dp/B01HC47NLU/
