Well this time I wanted to share this information translated whose author is @ the-mister7 and page link is http://www.mundobitcoin.website/2017/06/steemit-que-es-como-funciona-como.html.
History
The project was founded in 2016 by Ned Scott and Dan Larimer, creator of BitShares. The two are founders of the Steemit Inc. company that manages the Steemit website and funds the ongoing development of the platform. On March 15, 2017 Dan Larimer announced his resignation from the company.
Monetary system
The Steem block chain has two chips: STEEM and Steem Dollars.
Steem began with a highly inflationary supply model, which nearly doubled each year. However, due to community demand, on December 6, 2016 Steem's inflation rate was changed to 9.5% annually, reducing by 0.5% annually.
STEEM
The STEEM token is the base token of the network. It is traded in multiple markets and markets for cryptones. Its market value determines the value of the set of rewards paid by Steem. Its value also supports the value of Steem Dollars.
STEEM Power
STEEM Power (SP) is STEEM that has entered into a smart contract and represents the amount of influence an account has compared to the rest of the network. The more STEEM Power has an account, the more influence its vote has on posts or comments. STEEM Power also determines the weight of an account for witness approval vote.
Link to know how much your vote is worth
Accounts are created with a small amount of STEEM deposited in the form of STEEM Power. Content creators have the option to choose STEEM Power 100% rewards instead of the default 50% liquid (a combination of STEEM and Steem Dollars) and 50% STEEM Power. Users and investors also have the option to convert STEEM liquid into STEEM Power, called power up.
Steemit, : is a social media platform where everyone is paid to publish online, the rewards of each publication depend on the votes and comments of other users and creators of the platform. Example among the most votes and comments have a publication more profit will have the author.
Steemit is a social news service that functions as a blogging and social network website, on top of a blockchain database, known as Steem.
STEEM Power can not be transferred or traded directly, but the account owner may elect to withdraw STEEM liquid in weekly payments at a rate of up to 1/13 of the total STEEM Power account. The account will lose its voting influence in proportion to the withdrawal of STEEM.
Steem Dollars
The Steem Dollar (SBD) is an asset destined to be linked to the United States dollar. Steem Dollars can be traded on exchanges for crypto-current, and used for payments for goods and services.
There is an internal market in the Steem chain and it is integrated into the Steemit website where STEEM can be traded with Steem Dollars and vice versa. Steem Dollars can be converted into an equivalent amount of STEEM in a process that takes 3.5 days.
Wallet
The Steemit Wallet page displays the tabs belonging to an account. The web-based portfolio allows network transfers of Steem Dollars and STEEM. In addition, it has on / off controls, transfer of liquid chips to and from Steem Dollars savings and conversion balances to STEEM. Savings balances are provided as a safety measure and take 3 days for a withdrawal.
Rewards
The rewards of post and commentary are divided in 75% for the author and 25% for the curators. A 50/50 division of STEEM Power and liquid chips is awarded to authors and commentators 7 days after a post or comment is made. 100% STEEM Power rewards are optional for posts. Post authors can also choose to decline payments.
How to Register?
To register you just have to go to the website https://steemit.com/ where we click on the sing up button and fill out the form, first a username and then the mail and ready. After 24 hours they will send you a message to the email with which you registered approving your account and send you your data as your account password and more.
Well I hope this information will serve for those who start in steemit and want to learn more and more.
