Steemit is a block chain based ,founded in early 2016 by Ned Scott and Daniel Larimer. ... Steemit is powered by blockchain technology and uses a new cryptocurrency to reward users who upload articles, images, commentary, etc. Other ways users can get paid throughup-voting popular content ,it also help in sharing information. The Steem blockchain produces Steem and Steem Dollars which are tradable tokens obtained for posting, discovering, and commenting on content or any blog,steemit flag many people due to coping some post on other site,STEEM Power is the way to the Steemit based. STEEM power as the amount of influence you have. The more STEEM power you have, the more influence you have on the Steemit based. STEEM power is so important, that people actually LEASE out their steem Power in exchange for, interest paid out in steemdollar,steem power give a higher ranking of post .