What is steemit for beginners?
Steemit is a term from a Cryptocurrency Based Cryptocurrency Based (Reddit / Kaskus) Forum Providing Users To Shed Content While Building ATM ATMs. It's pretty thumping and excited once when I've learned basically what it is Steemit, and I think you also feel the same way later after you join.
First of all we must prove in advance why Steemit can be very booming? One way is to look into the trading volume at CoinMarketCap. Currently on December 20, 2017, Steemiet has broken the trade volume of 250 million USD !! I still remember a few months ago the value of Steem unit is only worth USD 0.9 only and now it is worth high enough with a growth of more than 300%. I think this is strong data to prove that Steemit is booming.
So, besides being a member in Steemit forum and sharing content, we can also earn money. Nomimal dollar accumulation that we duplicate in the forum Steemit is based on how many people who upvoted your posts and comments. Yops. not just our post paid. but a quality comment can also generate money.
Very very much I want to discuss about Steemit, even I have also taken a lot of screenshots and a bit as much as a useful tutorial step to help you understand more about Steemit. But because the essence of Steemit is still very new, that's it I need time to summarize everything as possible. So this article will be discussed basically just about Steemit.
Steeming basically has 3 types of wallet that will be given to you after you register. First is Steem, then both are Steem Power and the last is Steem Dollars. Please note that Steem and Steem Dollar can be transferred to another wallet whether it's wallet users or wallet exchangers. While Steem Power can not be transferred before 2 years have passed.
Speaking of Steem Power.
This steem power will determine how strong your upvoting quality is. In other words. the greater the steam power you have. the more dollars you generate from your upvote. Then there is one interesting thing is Steem power is growing day by day. So. do not be surprised after 2 years have passed. you will have a very large quantity of steam power that you can convert to Steem which you can then trade. Maybe. another language that can reflect steam power is "hashrate" which is like the Ethereum miner who produces a number of Ether based on the strength of the hashrate they have.
