Steemit is a decentralized social media platform. In it, Steemit rewards the users both for posting their writings, as well as to provide voting posts of others who are considered interesting. Your post can be a blog post, as well as video content. This steemit, built using a technology basedBlockchain. More precisely, using Blockchain Steem. This has become a new way in the social media world, especially its ability to blog and gain profit in a system based on cryptocurrency.
Users can get two types of cryptocurrency. Ie Steem Power, and Steem Dollar. To get two crypto is the same way that is, just by posting, or giving a vote. In fact, no third party is required in it.
Steam coins are distributed through rewards given to pemposting, voters, Steem Power holders, market participants between Steem and Steem Dollars, as well as miners at pre-determined rates. So quite similar to Bitcoin, there is a reward given to the miner.
If previously we know enough how to get cryptocurrency by mining or exploit price fluctuations, but in Steemit new users can get rewards. In Steemit, there are three types of tokens. The three tokens are Steem Dollars, Steem Power and 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 Dollar is given if the user has posted a content, or have given voting posts that are considered qualified. Basically, Steem coins are backed up with USD Dollars. Even today, Steem has also been bewitched in Bittrex exchanges. Of course this would provide more benefits for users because more freely to trade.
So, let us be steemians and earn more SBD