How steemit Blockchain works

Steemit is a decentralized social media platform that runs on the Steem blockchain. The Steem blockchain is a public, decentralized database that uses a consensus mechanism called delegated proof of stake (DPoS) to validate transactions and add new blocks to the chain.

In the Steemit platform, users can create and publish content, such as articles, videos, and images, and other users can upvote or downvote the content. The value of a user's upvotes is determined by their Steem Power, which is a measure of the user's influence on the platform. When a user's content is upvoted, they receive a financial reward in the form of Steem cryptocurrency.

The Steem blockchain uses a combination of proof of work (PoW) and DPoS to validate transactions and add new blocks to the chain. In the PoW process, miners use computer hardware to solve complex mathematical problems in order to validate transactions and add new blocks to the chain. In the DPoS process, a group of trusted "witnesses" are elected by the community to validate transactions and add new blocks to the chain.

One of the key features of the Steem blockchain is that it is fast and scalable, with the ability to process thousands of transactions per second. It also has a low transaction fee compared to other blockchains, making it a more cost-effective platform for users.

Overall, the Steemit platform and the Steem blockchain aim to provide a decentralized and transparent way for users to create and share content and to be rewarded for their contributions.