How steemit works: the blockchain technology
Steemit dominates the trendy technology of blockchain.
Steemit refers to the social media and the blogging platform for its members called the Steemians.Steem is the currency used in steemit. Steemit runs on the Steem blockchain protocol that is tasked with the storage of content and value.
As the Blockchain Revolution(2016) authors Alex and Don puts it;Financial transactions and almost everything of value can be recorded by a programmed incorruptible digital ledger concerning business transactions called blockchain.
Blockchain developers being enthusiasts of decentralised services,blockchain is hosted on various servers across the globe.
Its main advantage is the absence of federal governance in its activities hence freedom over one's self.
Unlike other economic technologies, blockchain cryptocurrency requires no banks,governments or exchanges to carry out transactions.
In addition to that , Steemians are assured of their personal details because their is no selling of information to the third parties. This is championed by the fact that there is no ads on steemit.
On my next the 'Mystery of no ads', I will dig into the unanswered question marks about the topic.KEEP IN TOUCH STEEMIANS!
Source:Rob Cubbon blog