Steemit is social network but not similar to other social network like facebook. It has little complex system so we have to clear idea about steemit before enter to this platform. Steemit is a social network and a blogging platform that pays its content creators (STEEM, a kind of cryptocurrency).
Steemit, Inc. is a private company located in New York City and its headquarters in Virginia. This company is founded by Ned Scott and Dan Larimer.Steemit, Inc. started on July 4, 2016 and officially launched a social media called Steemit. On July 1, 2016, Steemit announced on their website that they were hacked. According to them, $ 85,000 Steem Dollars and Steem were hacked by attackers from 260 accounts.
Steemit based on Blockchain technology and uses a new cryptocurrency called STEEM to reward users.
It is important to know before works on Steemit:
- Basic idea about Steemit
- Steam Power (SP)
- Calculation of Reputation
- Upvote system
- Steemit Monetary System
- Steam Power Delegation
- Steam Dollar (SBD)