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     8 years ago  

    As of now, there are no addresses in Steem, there are only account names. All assets on the network are publicly owned by an account name. If you click on my name, click it again in the little bubble that comes up, and click on the Wallet tab, you'll see my assets and my history. It's that way with all assets and accounts on the network.

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     8 years ago (edited) 

    Thanks @modprobe ...I get it now. Actually, being from bitcoin background, Steem sometimes appear to be confusing. I have another question, which is off-topic in this context but I could not make out from the Whitepaper. As u appear to be knowledgeable about Steem, I'm asking it here...

    How the money is allocated to a post when an upvote is made? Right now, I have 3.567 STEEM Power and 0.817 STEEM Dollar in wallet. But, when I upvote a post, nothing goes to that post! As I just checked, you have 24,659.516 STEEM Power and 6,057.959 STEEM Dollar in wallet. So, when you upvote, how much goes to that post and does that exact amount get deducted from your wallet? I mean, what is the formula?

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     8 years ago  

    Sure. Nothing is deducted from your wallet at all; posting rewards are paid through dilution, and the blockchain does not charge transaction fees.

    The formulas for determining how much an upvote increases the post valuation are quite complex, and only reading the code will tell you exactly what they are, but the Steem Power of the voter is the biggest factor. Other things come into play as well, including how much stake has already upvoted the post, how much voting power the voter has left (the more you vote, the less each vote is worth), and probably others I'm not thinking of just now.

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