The century of cryptocurrencies
The Cryptocurrencies in today's world are more than a business to obtain dollars, an additional income in this age of consumerism.
in the next post we will explain a bit how criptomonedas behave, how we can obtain them and much more, follow this publication do not forget to vote if you liked the publication @caquintero follow me.
Since Neolithic man began to use barter, the means of payment have gradually changed to this day. From livestock, to shells or gold, the materials that have been used to buy and sell goods have evolved throughout history to reach the banknotes, coins and electronic money that we all use and know today.
Currently, and with the help of new technologies, new ways of relating to money that have ended up extending and consolidating as means of exchange that many companies and individuals accept and accept as valid have appeared. This is the case of currencies like Bitcoin, a type of cryptocurrency born in 2009 that gave rise to other similar currencies. But, what are they and how do they work?
What are cryptocurrencies?
Cryptocurrencies are a type of digital currency that use digital encryption in their operations, such as money transfers or the payment of a certain product or service. Unlike traditional currencies, this type of money only exists on the web, and its generation and storage is purely digital.
The cryptocurrencies can be used anywhere in the world, as long as the payer and collector admit them. This premise is fundamental, because if nobody accepted it as a means of exchange, they would not have any value. As happened in antiquity with other currencies, such as gold, the greater the population's use of them, the greater their value as a medium of exchange. In the same way, if these currencies ceased to have confidence among users, they could disappear.
What is Steem?
Steem's main platform, called Steemit, is a social network built on top of the Steem block chain. Steemit is similar to popular social networks like Reddit and Medium, but rewards users with cryptocurrencies for their participation. Is that how it works:
- Fundamentally, the more value a given portion of content gives to a larger number of people, the more individuals responsible for creating and curing that content can gain.
- Users cast votes, creating a hierarchy of content. The more votes a post has, the more STEEM will win. The platform also allows negative feedback, giving participants more flexibility when it comes to rating content.
- Steemit is meritocratic, which means that users have more money than cast votes with greater influence.
Interesting not for more information visit the following link STEEM
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