How does the steemit work?
How does the steamer work?
On steemit, users who create content benefit the network because it attracts new users to the platform, while simultaneously maintaining the interest and entertainment of current users. This facilitates the distribution of currency to a large number of users, while increasing the network effect.
Users who spend time evaluating and voting for content published on steemit help with the distribution of coins among users who make the biggest contribution. Based on the collective knowledge of the public gathered through a bid-weighted voting mechanism, steemi
t rewards both of these actions in proportion to their value.