SteemitFAQ #1
What is Steemit and how does it work?
Steemit is designed as a decentralized application (DApp) built upon the Steem blockchain, using the eponymous cryptocurrency STEEM to reward users for their content. By voting on posts and comments, users get to decide the payout of those posts.
What is Steemit platform?
Steemit is a platform that combines blockchain technology, social media, and cryptocurrency for the creation of user-generated content and community building. ... Steemit is the platform where users publish content, and the Steem is the cryptocurrency and Blockchain protocol underlying it.
Does Steemit pay real money?
Steemit doesn't monetize its platform with advertisements. Rather, it uses the following ways to earn money. Steemit makes money when its users invest into Steem Power so their posts can be seen by a larger audience, thus getting more votes which translates into more money.
Why do you love Steemit?
Steemit is filled with people who have different interests and who know many different things. You can learn about anything you want here. There is good information on every subject. I have learned so much already about a lot of new things including blockchain and cryptocurrency
What is Steemit wallet?
STEEM wallet is an application that allows you to manage your STEEM, possibly in the form of STEEM Dollars, VESTS, or STEEM (STEEM Tokens). Some STEEM wallets offer integrated access to STEEM posts, and may also have built-in exchanges to assist with the different types of STEEM currency.
Is Steem crypto a good investment?
If you are looking for virtual currencies with good return, STEEM can be a profitable investment option. Steem price equal to 0.581 USD at 2021-08-28. If you buy Steem for 100 dollars today, you will get a total of 172.229 STEEM.
Is EOS a cryptocurrency?
EOS is a blockchain-based platform that enables the development of business applications, or DApps. ... The EOS token is the network's cryptocurrency.
How do I delete my Steemit account?
Steemit is a front end of the Steem blockchain. Steemit is a website that uses the Steem blockchain as its back end (data storage). You can't delete anything from the Steem blockchain. That's because blockchains are immutable.
What is Steem used for?
Steem is, at its core, a social media platform. Many social media platforms use voting systems, such as upvotes, shares or “likes” to prioritize content. Steem incorporates these concepts into a unique, blockchain-based platform that pays users in STEEM for their contributions to the network.