Steemit, the Reddit with its own cryptocurrency that pays to publish

Hoaxes and misinformation are one of the main challenges to overcome on the Internet and especially in the . Many of these publications are made for a specific purpose, either to attract more audience and with it more profits, or simply to manipulate through disinformation. But what would happen if social networks paid their users for the quality information they publish? This social network, and it’s called Steemit.

What is Steemit

As a general rule, the most common way to make money through the internet is by building a website or blog where people post content on specialized topics, getting traffic from other people who are interested in that content, but the content does not generate income. , otherwise the advertising that can be inserted on the page in question.

Thus, the predominant factor to obtain income is to have a high number of visits and that these interact with advertising, with which only the large websites obtain some considerable profits, or in their case, the alarmist or to get that traffic.

Nevertheless, Steemit is that it combines content creation, user interaction and its own cryptocurrency called Steem, which is used to “pay” content creators for its quality publications, and all this based on the technology of the . The income of content creators will depend on the votes and interactions of the readersbased on the quality and usefulness of the articles.

So all the content published by Steemit will generate incomebut the quantity will depend on the quality, and you will be paid through Steem. Steem is similar to the one whose difference is that its use is exclusive to content creators.

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Steemit was born in 2016 from the hand of its creators Ned Scott and Dan Larimercreator of , a financial services platform based on , and on its basis It is a social network similar to Reddit.

The disruptive social network that could revolutionize content creation

The blockchain is also the basis for other tokens used on Steemit: an asset called Steem Dollars that bases its value on the US dollar and that is used as payment to the authors and curators of Steemit, and the Steem Power, which represents the influence of a user in the social network. This token is not designed to buy or sell (although it can be transformed into Steem) but to measure the power a user hasits influence by the amount and post of good content and useful votes that it has made.

Even though Steemit is a system that is in beta phaseIt is certainly a very striking initiative. Now it has basic functionalities, but perhaps in the not too distant future Steemit will become the first of many platforms that integrate this new way of creating quality content and managing to maintain it by only paying its collaborators.

In fact Facebook is considering the way to , and perhaps Steemit is your inspiration to finally create a free social network.

Image: from Steemit and DepositPhotos

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