Ethereum: What is Steem and Steemit?
As a passionate cryptocurrency, you may have found the name «Steemit» when surfing online. You can wonder what this platform is about, especially if you are familiar with the decentralized news network. In this article we will deepen in the world of Steem and Steemit and explore the history, the functions and functionality.
What is Steem?
SteEM is a blockchain -based social media platform that uses blockchain technology to reward users to create valuable content. The idea behind SteEM resembles other decentralized platforms such as Bitcointalk or Mastodon with which users have exchanged knowledge and opinions without the need for central authorities. However, Steem carries out this concept by integrating a unique turn: moderation of the community base.
Blockchain steemit
Steemit’s blockchain is located in the Ethereum network with the Virtual Machine (EVM) Ethereum (EVM) in order to carry out intelligent contracts. In this way, Steemit can work in the existing ecosystem of decentralized applications and keep control of your own data storage and transactions. Steem Blockchain is also known for its high security features, including a strong emphasis on the decentralized government.
What makes Steem unique?
Steems value proposal lies in his community -based approach, with which users can create and clean content without the need for intermediaries or guards. This model enables everyone to participate in the creation and exchange of content on Steemit, which makes it a platform for different voices and perspectives.
In contrast to other social platforms such as medium or LinkedIn, the focus of Steem decentralized, and users who can monetize their content through Steem Power (SP) pips (SP). These chips can be used to create and share content, tailored to posts, or even receive rewards from the platform moderation system.
How does it work?
Here is an overall picture with a high level of how Steemit works:
- Post creation : Send users texts, pictures, videos or other media.
- Moderation : Moderators Check and approve the content before they are published on the platform.
- Employment of content
: Users can create or reduce contributions to show the approval or disapproval of the content.
- rewards : Users earn steem power token to create and clean high -quality content that can be used to vote on contributions to take part in community discussions, or even get rewards from the platform moderation system .
Steemit vs. Reddit
While both Steem and Reddit are decentralized platforms, there are important differences between them:
* Content style : Steemit focuses more on longer content such as essays, tutorials and personal stories.
* Community Engagement : Reddit is a traditional social network with a strong focus on the moderation of the community.
* TOKEN REWADS : Steem Power (SP) offers users more options to get rewards from the platform moderation system.
Diploma
Steemit is an interesting new direction when creating and cleaning decentralized content. By offering users the opportunity to create, share and deal with content without the need for intermediaries or guards, it offers people a unique opportunity to participate in online discussions and to build their passions.
While Steem is still a relatively new platform, it is clear that it has growth and acceptance potential. Since several users determine the value of this decentralized social network, we can expect an increased interest in Steemit and other similar platforms such as BitcoinTalk and mastodone.