My this article is just for new user over steemit about one of important basic topic to understand that how does the steemit content and its technical algorithm works.
Steem's Smart Media Tokens (SMTs) give anyone the power to launch and sell Proof-of-Brain [1] tokens, which are tokens distributed by "upvote" and "like"-based algorithms and can be integrated with websites to align incentives and spur growth, while websites are empowered to adopt sustainable, currency-centric revenue models. This model has been tested and continues to be proven by steemit.com, busy.org, chainbb.com, dsound.audio, dtube.video and other Steem interfaces, which are monetizing content, tokens and media in a way never before seen.
Several popular token protocols, such as Ethereum's ERC-20, allow you to create and launch arbitrary tokens, but no protocol enables content businesses to leverage those tokens by aligning incentives between users and applications. Due to suboptimal transaction cost structures that incur fees for basic actions such as voting or posting, misalignment of interests between meta and core tokens that aren’t built for influencing distributions based on Proof-of-Brain, private key hierarchies that don’t cater to social versus financial operations, and slow transaction speeds that are out of sync with real-time websites - none of these protocols could ever provide an acceptable user experience for content websites, such as Twitter, Reddit (even subreddits) or The New York Times.
The remaining technical aspects of the working of steem can be read over here in the steemit white paper.
https://github.com/steemit/smt-whitepaper/blob/master/smt-manual/
manual.md