If you have a passion for writing or blogging, you must try Steemit, a platform that allows you to earn cryptocurrency for free. Steemit becomes a new way of blogging, because you will also get the sensation of how to blog with the feel of cryptocurrency based. It is said that, because the social media Steemit uses crypto-based technology.
Steemit is a social media that runs on blockchain technology, as well as BitCoin and Ethereum. The three main roles of blockchain are transparency, decentralization and have the value of a cryptocurrency token unit. Facebook does not run on blockhain technology, so it is centralized, where it has an owner who owns his site and manages it as he works.
While this decentralized Steemit has no owner. So also with all private key access, post key, reward key and owner key, only known by the owner aja. So when we register in Steemit, the password to the account we just registered is our own and can not be reset by anyone in this world. For that if you forget your password, no sesiapun can get it back.
Users can get two types of cryptocurrency. Ie Steem Power, and Steem Dollars. To get two crypto is also the same, just by posting, or giving a vote. In fact, no third party is required in it.
Steam coins are distributed through rewards given to pemposting, voters, Steem Power holders, market participants between Steem and Steem Dollars, as well as miners at a predetermined rate. So quite similar to Bitcoin, there is a reward given to the miner.
In this video you will be given information about Earn Cryptocurrency For Free On Steemit with a duration of almost 90 minutes
How to cash out Steem Dollars into Bitcoin in 3 simple steps!
Choose an exchange to use to convert your Steem Dollars to Bitcoin.
Follow the simple instructions on the exchange sites.
Go to your wallet here on steem and click on the drop down menu by your steem dollar total and select transfer.
The exchange you went to in step 1 will instruct you what name to use in the transfer “to” box and also an code to type in the memo section. Type in the amount of Steem Dollars you would like to transfer and then click transfer. You should see the transaction show up in your bitcoin wallet shortly.
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