Why Do You Choose Steemit ? Let's get to know

Steemit, the new social media platform that everyone pays for online posting, has been released in beta.

Background Steemit

Steemit is a relatively new company, founded in early 2016 by Ned Scott and Daniel Latimer. Ned Scott previously worked for Gellert Global Group, a privately owned family equity group that holds many North American food companies. Daniel Latimer is the founder of Bitshares, which has the 11 largest market capitalization among all cryptocurrencies.

Concept

Steemit is supported by blockchain technology and uses new cryptocurrency for reward users who upload articles, pictures, comments, etc. Another way users can get paid is through sources and voting on popular content. Previously a voice up post that became popular, more a gift. Users are paid on the 'Power of Steem' (vesting eye) and half Steem dollars, which can be exchanged for dollars.

How are some account creation prevented?

One of the favorable banes of users for posting is that people try to game the system by creating multiple accounts. This account can be used to post / select multiple times and thus manipulate post popularity. Steemit tries to control this by requiring users to register through their Facebook account. Steemit is the award aggregator content for users in the form of a new cryptocurrency. Depending on the quality and popularity of posts, or how early the post is upvoted on, users are paid in the form of Steem. Although Steemit is perhaps the most sophisticated and think-through system to date, the concept of benefiting users for their posts is not entirely new. As early as 2014, sites like Bubblews and Bonzo came with the idea of ​​paying users to produce content. This site uses Paypal to make payments. Bubblews closed in November 2015. Taringa, Argentina's largest social networking site, tips users on bitcoins for posting and sharing content. This does not cause users to migrate in droves from Facebook and other social networking sites. It remains to be seen how successful Steemit is in attracting users.