Simple explanation of how Steemit works, for the newbies

in #steemit7 years ago (edited)

Steemit to me is a wonderful invention and this invention will change a the world of social media for good. Now don't forget that all these are based on a Blockchain technology .if you're reading this and you're new to Steemit, I just want to say a big welcome to you.

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what is Blockchain

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blockchain is a distributed database (where things are stored) that is used to maintain a continuously growing list of records, called blocks. Each block contains a timestamp and a link to a previous block. By design, blockchains are inherently resistant to modification of the data. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks and a collusion of the network majority. Functionally, a blockchain can serve as "an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. The ledger itself can also be programmed to trigger transactions automatically.

What is STEEMIT?

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Steemit is a social network like Facebook and Twitter but pays you when you post and get likes (upvote).yes, u get paid (in a cryptocurrency which can be converted into bitcoin or spent directly). The quality of your post will determine how much you'll get from your post.

Personally I use steemit.com as a social network (like Facebook or Twitter) and also as a site for blogging. The same way I take selfies, edit them and post on Instagram, Facebook, Twitter and KingsChat, is the same way I do on Steemit. When I have a tutorial on any topic, I also use the same social network (Steemit) to teach.

How to get good earnings on Steemit by upvoting (liking) other people's post

In Steemit you get paid when people like your post and also you get paid when you like other people's post.

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The process of liking other people's post is called "UPVOTING". When you upvote people's post, you're simply telling Steemit that you love what that person has posted and whatever he or she gets from that post, you want some share of the money. So, When it's time for that person to get paid, you'll also get a share of his money (in steem Power).

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Payout on Steemit

Payout on Steemit is usually on the 7th day. so whatever you make on that post will be shared into two. You get paid in steem dollars (SBD) and steem Power (SP)

  1. 75% goes to you
  2. 25% goes to curators ( people that upvoted your post)

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if u made $1000, it therefore means the whole $1000 is not for you buddy. Lol, 75% ($750) is for you and 25% ($25) will be shared amongst those who made the $1000 possible. So make sure you make posts everyday and upvote other people's post.

too busy to sit down and start liking other people's post?

There is already a solution to that. And that solution is STEEMVOTER.COM. Steemvoter helps you like people's post and it's free to use for now.

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To use steemvoter

  1. register on Steemvoter.com
  2. add account
    • add your Steemit username
    • go to your Steemit wallet, click permission, click "show private key" under posting.
    • Copy the private key and paste in the private key section I'm Steemvoter.com. Save
  3. Click add rules
  4. Type the username of those you'll like to upvote. Don't forget to please add me,my username is samstickkz
  5. leave the rest as they are (for a start until you understand more)
  6. Save rule.
  • Add me to your steemvoter with my username:samstickkz

your steemvoter is ready to play. Be original, don't copy and paste other people's content

upvote, resteem and drop your username so I can add u to my steemvoter, let's make money together

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Nice guideline well explained

Thanks for reading. Hope you're enjoying steemit.com?

Now thats the article i was looking for 3 days ty

Thanks for reading, please upvote and resteem

Yeah, steemit rocks, while having fun you just get paid. Almost like having a paid holiday! Been a Facebook 7 years with $0. Lol

Lol I love that, "paid holiday"

Thanks. Good explanation on how this works.

Thanks, Pls upvote and resteem

I needed this on day 1.

Add @millionairemark to your steemvoter list!!!

Nice article. Clears up some details I wasn't sure of. Thanks!

Oh, thanks for reading, I'll follow you asap

This post is AWESOME...great information. Now a follower, upvoted and resteemed your post. Will add you to my steemvoter list. Please follow me and add me to yours, @teamrodriguez. Thanks!!!

Oh thanks for reading, I've followed you already, I'll add you to my steemvoter now

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by samstickkz from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, and someguy123. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you like what we're doing please upvote this comment so we can continue to build the community account that's supporting all members.

Already followed u and added u to my steemvoter list...pls do the same.tnx

Great post!