Steemit Blockchain Simplified (2023)

Steemit is a blockchain-based social media platform that rewards users for creating and curating content. It uses a cryptocurrency called Steem to incentivize users to engage with the platform and create valuable content. The Steem blockchain is a decentralized, distributed ledger used to record transactions and track the ownership of Steem and other assets on the platform.

Users can earn Steem by creating content, such as blog posts or videos, and other users upvote that. They can also earn Steem by curating content by voting for or promoting content that they believe is valuable. This system is designed to encourage the creation and distribution of high-quality content and to reward users for their contributions to the platform.

The Steem blockchain is a decentralized, open-source platform built on Graphene technology, allowing for high-performance and low-latency transactions. The Steemit platform is built on the Steem blockchain and allows users to create, share, and monetize content. It is worth noting that Steemit is one of the many projects that use the Steem blockchain, other projects also use it to build decentralized apps and platforms.