Steemit's blockchain tech stack is a vital invention in computing for this generation! Why? Because, for the first ever time in our whole history, we have a truly free digital medium for p2p value exchange at our disposal. Steem(it), a vast worldwide platform based on DLT, setting its rules in the form of complex computations and heavy encryption — and those enable 2 or more agents to transact without needing a 3rd agent like a bank to establish trust.
Better than relying on a (central) bank, (corrupt) government or other (expensive) intermediary to create trust, Steemit ensures it! How? Through its mass collaboration and very clever code. Trust is built into the system, which is why we call Steem the "Trust Protocol".
Taken 1 step further, Steemit also acts as a ledger of accounts, a sentry, a notary, a database, and exchange, all by this amazing feat called consensus. We believe it to be the 2nd iteration of the Internet (!) and that it holds the enormous potential to redo the economic power distributions and shake up the present order of many things for good.
Steem on! #bernieblackfriday