Knowing steem

Steemit compensates or pays clients who post content that gets numerous thumbs up from the site's members. The prize given is the steem currency. Content on the site is not restricted to computerized monetary forms and clients have posted fluctuated subjects from lifr to photography.  Clients who get the steem cash can then trade it for bitcoin inside the stage. They can utilize their bitcoin to pay for administrations or merchandise or hold them as a speculation. 

Steemit is like online networking site Reddit and Facebook in the way it works, urging clients to post and share content. Steemit is likewise controlled by blockchain, the fundamental innovation that grapples advanced monetary standards, for example, bitcoin. 

The new online networking site was dispatched on an exploratory premise without the prizes on 4 May 2016. 

Steemit is fueled by an open source blockchain called Steem, and its clients are compensated when they present their blog entries or vote on articles, pictures and discourse that get to be prevalent. Clients are paid half in "Steem Power," a token that supercharges voting force, and half with Steem Dollars, a token worth around two USD. Since Steemit's dispatch, its most prevalent subjects incorporate legislative issues, innovation and cryptocurrency, and "introduceyourself," news, workmanship and drama. Over the whole site, there has been a ten-fold increment in posts every day, and additionally a ten-fold increment in votes every day. Because of famous interest, Steemit has coordinated with a cryptocurrency trade, BlockTrades, to permit clients to buy Steem Power with Bitcoin specifically from their online record.