First of all, Steemit is a social media that runs on blockchain technology, as well as BitCoin and Ethereum. The three main roles of blockchain are transparency, decentralization and have the value of the cryptocurrency token unit. Facebook does not run on blockhain technology, so it is centralized, where it has an owner who owns his site and manages it as he works.
While 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 anyone 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. Unlike Facebook where there are some aspects that can not be reached by users.
Perhaps we will begin to wonder 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)
Speaking more deeply about how to reward the steemit system, it is important to know first that the Steemit site works as a web wallet: a wallet that 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 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 Steem Dollar and Steem Power units.
Steemit is a very interesting system because both parties who post the content and who gives a vote on the content will get rewards for his 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 then 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 another question arises that might 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 blockchain based on the concept of social media then there will be some features on Blockchain Steemit which distinguishes 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 reborn in dollars. They do not want to speculate in the ups and downs of the value of cryptocurrency assets, so for that dollar steam comes as a unit value that has a value equivalent to the dollar.
