December 2018
Beginner to intermediate
564 pages
17h 34m
English
Content preview from Blockchain Developer's Guide
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Steemit
Steemit is a social blogging application, similar to Blogger or Tumblr. However, content, comments, and votes are stored and secured on the blockchain itself. Steemit is a DApp that has its own blockchain. The core is adapted from Bitshares v2.0, but substantially modified to be purpose-suited to the application.
In Steemit, users are rewarded tokens for submitting and voting on content. Each user's vote carries power equal to their shares in the network, called Steem Power. If a user attracts a large following, or a following of users with a large amount of Steem Power, then the rewards can be substantial. Rewards are typically small (from pennies to a few dollars), but some authors have been able to get payouts in the thousands ...
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