Tag Archives: steemit

The people casting votes are validating the value of that content

“The people casting votes are validating the value of that content by rewarding it with cryptocurrency”? – @steemitblog Is that so? Really? It doesn’t seem like things are working that way. Is that what buying votes does now? SourceI finally got around to a post I had open in my tabs, posted by the @steemitblog account: Ned Talks: Steem, Steemit, and SMTs. […]

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What is the Blockchain, Blockchain 2.0, and Steemit? Building the Future!

The Blockchain Basics Bitcoin uses the blockchain technology to propagate transaction data, as a public ledger, through a network of distributed nodes. If you are familiar with bittorrent and decentralized distribution of chunks of data, the blockchain is similar. Notice both bittorrent and bitcoin have bit at the beginning. They both operate in a similar manner as well. The blockchain […]

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