Steemit is a blogging, posting and curating social network website that rewards users with steem and steem backed dollars (SBD).

Steem and steem backed dollars are a digital cryptocurrency just like bitcoin and can be exchanged forĀ  other cryptocurrencies and then into cash.

Steemit utilises the steem blockchain, the steem blockchain creates new units of the currency daily. These are then redistributed to steemit users who post articles, comments or curate articles.