How Does Steemit Work

Since the beginning of the year, the Freelancer and content writers on the social network Steemit and a few hypes created among ordinary...

Steam


Since the beginning of the year, the Freelancer and content writers on the social network Steemit and a few hypes created among ordinary Internet users. Steimit is basically a social media, called Decentralized Social Media, as well as a large blogging platform. Steemit currently has more than 1 million active users and is one of the most visited websites in the world.


But this Steemit is a lot different from any other social media and blogging platform. This complete social media is integrated with steam cryptococcosis. There are also many more unique features here, which you will not see in other social media. Today, I'm going to discuss this Steemit.


What is Steemit?


Firstly, Steve is a social network and a blogging platform at the same time. At the basic level, it may Steemit like another social network like Reddit. Because almost all the features of Steemit are like Reddit. Similar to Reddit, you can choose to postpone other users' posts, post comments, post on other users, post them on your profile, follow them to get another user's post feed, follow any topic you like, and create new posts manually And posting, etc. Many of the features that a social media and blog should have There are at Steemit.


Steemit




But at the same time Steemit shares revenue with their users. This is basically the biggest difference between any other social media and Steemit. And in the case of this revenue sharing, Steemit comes with the issue of the integration of the cryptocurrency of Steem. Steemit does not pay its users with the help of Regular Fiat Currency (Dollar Pound, Euro). Rather Steemit users pay with the help of steem cryptocurrency.



Another interesting fact is that users are not getting paid just for posting content. Rather, getting paid for posting, uprooting and even commenting on someone's post. But what will be the amount of payment for a user to do, it can be suppressed by some more rules of Steemit and above a few factors. We discussed them later.

How does Steemit work?



Another difference between steemit and other commercial social media and blogs is that all posts and content of steemit are saved in steemit's own blockbay instead of its web server. There are some extra benefits to using blockchain technology to store content that is not available in other blogs. For example - the content you create at Steemit, you can always accept that content as the owner. Because content is blocked in Blockchain, the content can never be Edited and cannot be deleted.



steemit


Apart from using this blockchain, it also acts as a fair means for the creators' revenue share. Every day Steam Blockchain creates new steam tokens and these tokens are the payments that are offered to the creators. 5% of new tokens go to those users who hold Steam Power. And 75% of these tokens go to Steemit's community pool and 10% to the Steem Miners (Cryptomainer). These 75% tokens, which go to the community pool, are basically paid as payment to those who make a comment in Steemit or create content.


Steemit community pool share system?


When you create new content in Steemit, you have to select how you want to receive the payment. Either you will take 50% of the payment to take the Steam Token and 50% at the Steem Dollar. Or you have to convert the entire payment to Steem Power. In that case, you will receive payment as per your hold. Steem, Steem Power, and Steem Dollar, these sounds, but there are some differences between them. Notice below


Steem

It is a cryptocurrency similar to Bitcoin, lightcoin or ethereum coin. It is a liquid currency that can be traded, spread, transfer everything. Like Bitcoin, it can be stored securely in wallets and can be used to buy or exchange other Cryptocurrency, such as Bitcoin or Ethereum. Like many other cryptocurrencies, Steem's price is also up-down. However, its price is mostly stable.

Steem Dollar

It is similar to the US Dollar Steem's own dollar, which is stored in Steam Blockchain. If you want, you can convert Steem Dollar into your account to Steam Token. In addition, many cryptocurrency exchangers also give you the opportunity to trade Steem Dollar with other major crypto coins.

Steem Power

It is basically called the influenza score of this platform. The more you have Steem Power, the more valuable you are to an Approval Steemit platform. If you postpone someone's post, the post creator will get the Steemit or Steem Dollar from this approved, depending on your own Steem Power. If your Steam is less then the creator will get less profit from your avowote and if your Steem Power is higher, then users will get more profits from your avatowage. If you receive any objection and comment on your content, then the matter will also work in your case.


How much you can earn from Steemit?


First of all, Steemit is not the only way to become an overnight millionaire. Steemit does not need anything less than it requires as much patience and practice as it is difficult to write in a commercial blog or to make content contained in any social network. You will see Steemit's trending section, many viral posts have many users who have even penned several thousand Steam dollars earn from Steemit Dollar. But there is no reason to believe that any posting there will be viral, and you can earn thousands of money from there.

steemit trading


To create content in Steemit, you will need incredible patience and hard work to be successful. Please, do not make an account at Steemit with the intention of earning a lot of money overnight. Because then you will not get any benefit and you will not succeed. You may not get the uptake in your post early, do not get the help, the post will not get any profitable information.



But if you are patient, you can create unique content in and give some time to the content, then you will be able to be somewhat successful in the near future on the Steemit platform. If you want to explore Steemit's website then you can leave Here.


In today's article, I just wanted to discuss how Steemit platform works by using the Blockchain. I certainly would not advise everyone to write content here. Because I will not be able to give you any assurance that you will be able to work here. How it works and how successful it works here depends entirely on your own. If you want to work, try to know more about Steemit.

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TechJan - Beginner's Guide for Blogging: How Does Steemit Work
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