Steemit Community

Steemit is a blogging and long range interpersonal communication site that uses its Steem blockchain-based prizes stage for publishers.The Steem blockchain produces Steem and Steem Dollars which are tradable tokens got for posting, finding, and remarking on content.

Steemit, Inc. is a secretly held organization situated in New York City and headquartered in Virginia. The organization was established by Ned Scott, and Dan Larimer, maker of BitShares, and EOS.

Steem depends on the Smart Media Tokens (SMT) convention, created by Steemit. As of December 2017, CoinMarketCap.com recorded Steem with a $475 million market capitalization, and positioned Steem tokens 32nd of 1,358 digital currencies. Client activities, for example, upvoting encourages Steem's Proof-of-Brain calculation, which additionally factors in the Steem Power a client holds, to give motivating forces to content makers and the group by exchanging little measures of the Steem token currency.

Steem started with an exceedingly inflationary supply show, multiplying generally every year.[6] However, because of group request, on December 6, 2016 the expansion rate of Steem was changed to 9.5% every year, lessening by 0.5% for each year.

On July 4, 2016, Steemit, Inc. authoritatively propelled Steemit, an online networking with virtual cash remunerates that keeps running over the Steem blockchain. On July 14, 2016, Steemit declared on their site that they were hacked. The assault, as indicated by them, has traded off around 260 records. Somewhat less than US$ 85,000 worth of Steem Dollars and Steem are accounted for to have been taken by the attackers.

Not at all like most computerized monetary standards which are hard to access for most of the world with no cash to contribute, Steem evacuates the rubbing for the normal individual to participate in the cryptographic money world by permitting profit through presenting without requiring on purchase in first.

This is a community for anyone interested in the future of content on the internet. Steemit is a revolutionary platform that rewards content creators and curators for creating and distributing awesome content.