By Steem markets itself as blockchained social media network and it is built on top of completely decentralized social cypto-economy. It is built on Steem blockchain, which is just like other cryptocurrency systems. Another name of blockchain is DLT or distributed ledger technology, which means that it is a distribute database of which lots of individuals hold copies of it which talk to each other to stay up to date. Records are just added into block chains in a sequential manner and these records a.k.a. blocks, once they are created or added to the chain or a database, cannot be edited. They are immutable and ready only.
Steemit is a distributed, peer to peer system. There isn’t any central
controlling unit. Developers, however try to maintain big influence over the
course of Steem.
This whole system is resistant to a nation state or corporate censorship as it is built of Distributed Ledger Technology also known as Block Chain or DLT. Just like cryptocurrency or Bitcoin, it is extremely difficult to disrupt or shut down for a significant time period.
It is also meritocratic, which means more you invest, either by earning or bringing external investment, more strong will be your upvote, and more you will be earning through creating or curating the content. No need of any investment.
More quality you create in your
content, either by blog posts, or commenting on blog posts of others, more
followers you get, higher will be your reputation score and you will be earning
more rewards.
You may earn 100 of dollars by your introductory post even. Steem is another solution for micropayment issue because there is no fee for transaction on Steem community.
Begin today and have at least $5 of the STEEM for free of cost. Unlike many other cryptocurrencies, you do not need to spend a single dime or anything to start.
Why Steem matters? What you can do through Steem? Good question. It is just like Medium and Reddit, however it also allow you to earn cash and equity, and hold the debt through earning interest, by your interactions with this system.
Steem allow you to earn cryptocurrency writing quality content, mining, trading or curating the content as well as by only holding 2 of its 3 currencies. Steem has a potential to handle more traffic than Reddit, popular sites for unrestrained discussions that has in past few years, have seen noticeable censorship.
