Steemit is a social networking and blogging site on the blockchainSteem database. Blockchain Steem generates STEEM and Steem Dollars that can be used by token users to get posts, find and comment on compelling content.
Steemit
This decentralized steemit has no owner. So also with all private key access, post key, reward key and owner key, only known by the owner aja. So when we register in Steemit, the password to the account we just registered is our own and can not be reset by anybody in this world. For that if you forget your password, no sesiapun can get it back.
In addition, what is going on in the Steemit system is transparent, so any activity that occurs in the steemit platform can be monitored by users on the blockchain.
how this steemit platform can control the evolution of its technology. Actually the blockchain technology implemented by Steemit is the same as BitShares, where each user has a key that can determine what will happen to his system (proposals, worker and witnesses)
how reward system steemit
please note first that the site Steemit works web wallet seibaratnya: a wallet that keeps rewards its users. When we post, vote, comment or trade he interacts openly on the Steemit blockchain. So steemit site is actually cumalah just a website interface.
If someone starts posting a content on a steemit site and gets rewards, we may start asking how does a blockchain steemit who has no owner can determine who will get rewards? The answer is ... based on the upvote quality of the readers. If we post something quality on Facebook, maybe we will get positive comments and likes, but we do not get monetary rewards (money). While in Steemit, we get rewards for the content we postingkan in the value of units Steem Dollar and Steem Power.
Steemit is a very interesting system because both parties who post content and who vote on the content will get rewards for their efforts. For that you should not write content content world-class to get rewards, tp just looking for new content content that you think potentially great and then voting on the content so he can also pledge rewards for you. The sooner we vote on the potentially large content, the sooner we get the rewards from the content. If there is a wrong sharing of 50-50 between content writers and people who mengvoting.
Now again the new question will probably make you think where did this money come from? How can Steemit provide rewards to authors, voters and miners who keep this network function stability? Well .. so the concept of working all this work is the same as it seems like BitCoin. As we all know ... BitCoin pays the miners through subsidies generated through the creation of new BitCoin which basically does not originate from anywhere, just like a company mengissues new shares to fund a project. Because BitCoin does the same thing as that, then Steemit also inspired by the concept to pay content content posted by someone and also to para2 supporters.
Because Steemit is a block based on the social media concept there will be some features in Blockchain Steemit that distinguish it from Bitcoin. One of the features is Steem Dollar. The purpose of steam dollars is because most of the users who register in Steemit come from backgrounds that do not recognize cryptocurrency. And of course, they want to be declared in dollars. They do not want to speculate in the ups and downs of the value of cryptocurrency asset, so for that dollar steem comes as unit value which has value equal to dollar.
Another thing that makes Steemit technology unique is that it has the ability to deal with large-scale and fast transactions (3 secs transactions per block). When one creates a social media platform, it requires a large capacity internal network and steemit has an enormous capacity that is even superior to Reddit. Something more important to do with Steemit technology is that all transactions that happen to blockchain steemit is free.
If BitCoin implements the proof of work's alogryma concept objectively, then Steemit applies the concept of a proof of work alogry which is subjective. In the concept of rewarding Bitcoin, the miners have to pay for energy (electricity + hardware) to mine BitCoin .. while in Steemit, every article post and article interaction is generating rewards for its users. What happens indirectly in this case is that it will generate a networking effect that will attract the attention of netizens around the world. Imagine all quality topics posted at any time on the Steemit site will continue to pack the google search which then for the long term will increase the value of the Steemit platform itself.
in the Steemit Platform which does not require any capital. Ane said so because of any effort that you devote in the social media platform Steemit, I believe will produce results later