Ethereum: What is Steem and Steemit?
As an enthusiastic cryptocurrency, you met the name “Steemit” while browsing online. You may be interested in what this platform is concerned, especially if you are familiar with the decentralized Reddit news network. In this article, we immerse ourselves in the world of Steem and Steemit, exploring their history, their characteristics and the way they work.
What is Steem?
Steem is a social media platform based on blockchain that uses blockchain technology to reward users for creating precious content. Steem’s idea is similar to other decentralized platforms such as Bitcointlk or Mastodone, allowing users to share knowledge and opinions without the need for centralized organs. However, Steem also resumes this concept by incorporating a community -based moderation: community -based moderation.
Blockchain Steemit
Steemit’s blockchain is built on Ethereum, using a virtual virtual virtual computer (EVM) to perform intelligent contracts. This allows Steemit to work within the existing ecosystem of decentralized applications and to maintain control over one’s storage and data transactions. Blockchain Steem is also known for its high security characteristics, including strong attention to decentralized public affairs.
What makes Steem unique?
The design of the Steem value consists of an approach based on the community that allows users to create and cure without the need for intermediaries or porters. This model allows everyone to participate in the creation and sharing of content on Steemite, making it a platform for different voices and prospects.
Unlike other social media platforms, such as Medium or LinkedIn, Steem’s focus is more decentralized, while users can monetize their content through Steem Power’s tokens (SP). These tokens can be used to create and share content, vote on posts or even earn prizes from the platform moderation system.
How does it work?
Here is a high -level overview of how Steemit works:
1.
- moderation : moderators will examine and approve the contributions of the contents before publishing them on the platform.
- Content wiring : Users can publish or reduce posts to show their consent or disagree with the content.
- PRIZE : Users receive Steem Potenza tokens to create and treat high quality content that can be used to vote on the works, participate in community discussions or even obtain prizes from the moderative platform system.
Steemit vs. Reddit
While both Steem and Reddit are decentralized platforms, there are key differences between them:
* Content style : Steemit focuses more on longer content of essays, instructions and personal stories.
* Community involvement : Reddit is a more traditional social network with strong attention to the moderation of the community.
* TOKEN prizes: Taken Steem Power (SP) offer users more opportunities to obtain prizes from the platform moderation system.
Conclusion
Steemit is an exciting new direction in decentralized content and chicken. By providing users with the power to create, share and collaborate with content without the need for intermediaries or porters, Steemit offers people a unique opportunity to participate in online discussions and build communities around their passions.
Although Steem is still a relatively new platform, it is clear that it has a potential for growth and adoption. When more users discover the value of this decentralized social network, we can expect greater interest in Steemite and other similar platforms such as Bitcointlk and Mastodone.