Short summary of Steemit.

Steemit is a blockchain-based social media platform that was founded in 2016 by Dan Larimer, Ned Scott.
Steemit is built on the Steem blockchain and aims to provide a decentralized social media platform where users can earn cryptocurrency rewards for their contributions.

The platform functions similarly to other social media platforms like Reddit, where users can create posts, upvote, and comment on other posts. However, unlike traditional social media platforms, Steemit rewards users with its cryptocurrency called STEEM for their contributions. Users can earn STEEM by creating quality content, curating content, and engaging with the community.

One of the unique features of Steemit is its decentralized governance system. The platform is governed by its community through a consensus mechanism that allows users to vote on proposals and changes to the platform. This ensures that the community has a say in the development of the platform.

The future of Steemit is uncertain as it faces competition from other blockchain-based social media platforms and traditional social media giants. However, Steemit has a dedicated community of users who are passionate about decentralized social media and the potential for blockchain technology to revolutionize the industry. The platform continues to develop new features and applications, such as the Steemit Wallet and Steemit Communities, to improve user experience and attract more users to the platform.