By the way, I am a newcomer to steemit. Recently I learned from my friend that steemit is a very useful and useful blogging site.
The interesting thing about Steemit is still in the BETA stage, meaning there is still a lot of potential to grow, Currently Steemit has 500 thousands members, I think Steemit can follow Facebook steps, or can compete with Facebook. where Steemit is decentralized / honest and transparent, I think it is possible that one day steemit will be very valuable for society.
The second week after I learned about steemit, Steemit became a new way of blogging, because we also get the sensation of how to blog with the feel of cryptocurrency based. It is said that, because the social media Steemit uses crypto-based technology.
What's interesting to me is Steemit is a decentralized social media platform. In it, Steemit rewards the users both for posting good and useful writings, as well as to provide voting postings of others who are considered interesting. Posts can be either blog posts, or video content. This steemit, built using Blockchain-based technology. More precisely, using Blockchain Steem. This has become a new way in the social media world, especially its ability to blog and gain advantage in a system based on cryptocurrency.
If previously we know enough how to get cryptocurrency by mining in bitcoin or other crypto line, or use price fluctuation, but in Steemit new user can get reward. In Steemit, there are three types of tokens. The third token is Steem Dollar, Steem Power and also Steem itself.
Steem functions work almost the same as Bitcoin. Can be traded, or transferred. Steem Power is a version of Steem used by the owner to vote. And that is quite interesting, is with the Steem Dollars.
Steem This dollar is awarded if the user has posted a content, or has given voting posts that are considered qualified. Basically, Steem coins are backed up with USD Dollars. Even today, Steem has also been stockpiled in Bittrex exchanges and other crypto exchanges such as polinex, Of course this definitely provides more benefits for users because it is more liberal to trade.
In the third week I use steemit, which I have not really understood is about STEEM Backed Dollars (SBD), I have shared with a senior friend of steemit users but I do not really understand about SBD or SP, which I understand is the price used to change SBD to STEEM comes from a reliable decentralized price feed. Therefore, the value of Steem is very big role to influence on the strength of Steem or (SP), but I have not too memahi SBD, SP, for now I use steemit just focus to write and innovate new things while I learn the most important part in steemit like I mentioned above that hehe :))
Once I searched and read the article in steemit about The other side of Steem Doll is that they are related to the US dollar value, so when We earn $ 5 on a post you will be paid $ 5 USD in Steem dollars. The way this works is for example if the Steem value is $ 0.50 USD cents per token steam and We owe a steam dollar, because the steam dollar is linked to the USD value, We will get 2 steam tokens that will be equal to $ 1 USD. Quite difficult to understand this part. I hope a friend in steemit can explain to me that I can easily understand.
Best regards for and for everything from