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Steemit is self-described as a blockchain based social network where the users can earn rewards. The Blockchain is the computer based distributed and public ledger technology which has Bitcoin as the most known application. Steemit is also viewed as a blogging platform with social media features. The registered users, which call themselves Steemians, can make posts which be voted and commented on. Votes grant rewards to posts in the form of Steem, Steem Power and Steem Backed Dollars (SBD).

Created by Dan Larimer, founder of Bitshares, and Ned Scott, a former financial analyst, Steemit started in a restricted alpha version on March 24th, 2016, when the first block of Steem blockchain was produced. In May 3rd Steemit was fully announced to the public, then made its first payouts on July 4th, 2016 and became fully functional.[1]

It grew in popularity since, gaining critical mass, having an article written on Coindesk (see the media coverage in the page In the news and references bellow, and with many online celebrities such as Jackson Palmer (Dogecoin Creator), The Corbett Report, and The Dollar Vigilante using it.

On January 10th, 2017, Steemit had more than 125k registered users with 4,4k being active in the last 24 hours.[2]
On June 16th, the mark of 200.000 registered users was reached when @daniel.chiru became a steemian.[3]


  1. Steemit Alpha, a look back in history. Written by @minion in August 2016
  2. Daily Steem Report. Written by @elyaque in January 10th, 2017
  3. The 200.000th user just signed up right now here on Steemit :) Written by @elyaque in June 16th, 2017


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