Steemit is a social media platform that uses blockchain technology, including BitCoin and Ethereum. The three main roles of blockchain are transparency, decentralization and the value of cryptographic units. Facebook does not work on blockhain technology, so centrally, the owner owns the owner and manages the information as he works.
Although this decentralized Steemit does not have it It also has access to private key, key post, reward key, and owner key, especially its owner. So when we register in Steemit, the password to our newly registered account is ours and can not be reset. Everyone in this world If you forget your password, you will no longer receive the license.
In addition, what happens to the Steemit system is transparent, so any activity that occurs on the steemit platform can be monitored by users in blockchain. Unlike Facebook, there are some aspects that are not accessible to users.
Perhaps we may begin to ask how the steemit platform can control the evolution of technology. In fact, the blockchain technology Steemit uses is just like BitShares, where each user has a key that can determine what's going on with the system. (Suggestions and testimonies of workers)
More talk about how to reward the steemit system. It is important to know in advance whether the Steemit website serves as a wallet website: a wallet that rewards users. When posting, voting, commenting, or exchanging opinions with him publicly on the Steemit blocking site, steemit is actually just a cumalah website interface.
If someone posts content on the steemit site and wins, maybe we'll start asking if the blockchain sticker is. Who is the owner who can not determine who will be rewarded? The answer is .. according to the higher reader quality. If we post quality items on Facebook, we may get comments and likes. But while we are Steemit we win for the content we posted on the value of Steem Dollar and Steem Power.
Now, another question arises that can make you think where this money comes from? How can Steemit reward writers and workers who stabilize the network? Well .. So this concept works like working on BitCoin as we know ... BitCoin pays miners through subsidies made through redevelopment of BitCoin, which generally does not come from anywhere either. With the company mengissues new shares to fund the project, because BitCoin did the same with Steemit who was inspired by, the concept of paying content posted by others and sponsors.
Because Steemit is a social media media block, there are features in Blockchain Steemit, which distinguishes it from Bitcoin. One feature is Steem Dollar. The purpose of Steam Dollar is because most users registered in Steemit come from that background. Unknown cryptocurrency And of course, they want to declare it as a dollar. They do not want to be predicted in the ups and downs of their assets. kriptocurrency So for that dollar steam comes as a unit value equal to the dollar.
Another thing that makes Steemit technology unique is its ability to handle large and fast transactions. When building a social media platform, it takes a large internal network and steemit has a remarkable ability. Reddit, more importantly, involves Steemit, which is all transactions. Occurs in blockchain steam.