what is Streemit & How to use to proper way?
Table of Contents
- What Is Steemit?
- What Is Steem (STEEM)
- Steemit
4.DTube - Utopian
- How Does Steemit Work?
- Smart Media Tokens (SMTs)
1.What Is Steemit?
Steemit, developed on Steem (a social blockchain), is a social platform that empowers content creators by rewarding them with cryptocurrencies. Steem claims to be the only blockchain-based social media model in the market that supports real-time applications, like Steemit.
What Is Steem (STEEM)
Steem is a social blockchain that relies on immutable content and an in-built incentivization mechanism. The blockchain offers an open-database where content is available in a plain-text format. There are a total of 324 Steem-based apps, the top three include Steemit, DTube, and Utopian.
2.Steemit:
On July 4, 2016, Steemit was launched as the first app on the STEEM blockchain. It serves a community of users with an automated set of news and commentaries based on their choice. It provides them with a source to earn by posting content and offers cryptocurrencies rewards in return.
3.DTube:
Dtube is a decentralized platform for video creators that is built on the Steem blockchain. The purpose of DTube is to provide its users with a platform that is
4.Utopian:
Utopian.io is an open-source project that runs on the Steem blockchain. The platform gives rewards to contributors. Utopian is similar to Steemit, however, it cannot be used as a social platform for posting regular content. The rewards on Utopian.io are strictly tied with the contributions that users make in the open-source projects, by fixing a bug, adding a new feature, and so on.
5.How Does Smite Work?
On Steemit, users that create content offer value to the network as it attracts new users to the platform while also keeping the current users interested and amused. This facilitates the distribution of the currency to a larger number of users while also increasing the network impact.
6.How Is Steem (STEEM) Unique?
Steem has fast transaction rates (every 3 seconds, 24 hours a day, 7 days a week) and allows free transactions because of its smart bandwidth allocation. Steem's blockchain is designed to support large-scale social applications. An interesting point of Steem is that it handles more transactions than Bitcoin and Ethereum combined, and it is being used by over 1 million users across 324 Steem-based apps.
Finally, I will always try to abide by the rules and regulations of this platform and will not engage in any unusual activities.
Thank You.
Regards
Shifat