STEEMIT concepts notes for NEWBIES 😀👌

Steemit is a blockchain-based social media platform that allows users to create and share content and earn cryptocurrency rewards for their contributions. If you are new to Steemit, here are some key concepts that you should be aware of:

Blockchain: Steemit is built on a blockchain, which is a decentralized, digital ledger that records transactions across a network of computers. The blockchain ensures that transactions on Steemit are secure, transparent, and immutable.

Cryptocurrency: Steemit's native cryptocurrency is called STEEM, which is used to reward users for their contributions to the platform. STEEM can be traded on various cryptocurrency exchanges.
Content Creation: On Steemit, users can create and share various types of content, including blog posts, articles, images, and videos. Users can also upvote, comment on, and share other users' content.

Steem Power: Steem Power is a measure of a user's influence and investment in the Steemit platform. By holding Steem Power, users can increase their voting power and earn higher rewards for their contributions.
Upvoting and Downvoting: Users can upvote and downvote content on Steemit to show their support or disapproval. Upvoting can increase the visibility of content and reward the creator with STEEM, while downvoting can decrease visibility and rewards.

Steemit Rewards: Steemit rewards users for their contributions through a system of cryptocurrency payouts. Users can earn rewards for creating and sharing content, as well as for upvoting and commenting on other users' content.
Steemit Communities: Steemit has various communities or groups focused on specific topics or interests. Joining a community can help users connect with like-minded individuals and find content that is relevant to their interests.
Overall, Steemit is a unique and exciting platform that offers a new way for users to create and share content and earn cryptocurrency rewards.