Hello friends, I will be making a short tutorial about the Steem blockchain wallets. Some days back I have been questioned continually from the different minnows I introduced to the Steem blockchain about how the blockchain wallet works. And I believe this short tutorial will help out. ### Features of steemit There are three main currencies adopted on steem blockchain. Steem Steem power (SP) Steem dollar (sbd)  [source](https://steemit.com/steem-help/@antonchanning/the-complete-minnows-guide-to-the-steem-wallet) STEEM is the fundamental unit of account on the blockchain. It is liquid which is tradeable in an exchange and can be bought and converted into steem dollar or steem power. It can be used to power up. Buying steem power (SP) is known as powering up ( i.e by converting the sbd into steem) STEEM POWER (SP) - this is basically steem that is locked in a vest fund for a certain period of time. Users use their steem power to upvote quality content and get curating rewards. The higher the steem power, the higher the rewards. The value of the voting power depletes by each upvote and gets regenerated gradually. Steem power can be converted into steem. It is called powering down. This exercise takes effect over some weeks. The reason for this is to offer solid protection and insurance for the entire ecosystem against over-draining in case if any user decides to power down. STEEM DOLLARS - This is basically used to safeguard the rewards of the content creators from volatility. Hence, it can be traded for roughly 1 USD worth of steem in order to cash out from steem. Even now, the good news here in Nigeria is that a perfectly functioning website has just been launched ( steemexchanger.com) where people can get their steem and steemdollar converted directly into the local currency using their accounts. It's just amazing how the steem blockchain is being promoted in many communities in Nigeria, the popularity and the warm acceptance it has gained is so incredible. Just a brief explanation on the disbursement of Payouts from steemit. Authors reward- 75 percent of the total rewards goes to the content creators. This is available after seven days from the day a user posts a content. It is divided into two. One part as steem dollar and the the other part as steem power. You can cash out the steem dollar or convert it to steem. Curators rewards- The remaining 25 percent goes to the voters of the contents. #### Thanks for reading, I hope it really helps, I will be make a short video discussing much about it too on my next blog. <br> **Adding value to the steem blockchain and supporting the minnows, is what I love doing**. ## Steemit is a home for all, find your place with your hard work and explore <center> . . . . . . . . **Thanks for stopping by** **Please leave your feedback on comment** </center>
author | kesolink |
---|---|
permlink | minnow-support-tutorial-overview-of-steem-blockchain-wallet |
category | promo-steem |
json_metadata | {"tags":["promo-steem","steem","steemit","stach","nigeria"],"image":["https://steemitimages.com/DQmYgYjC4xiVUVEiQYmM5JJD6gAMSiqrM6xV5qB7bH8Z4Sp/DQmYgYjC4xiVUVEiQYmM5JJD6gAMSiqrM6xV5qB7bH8Z4Sp.jpg"],"links":["https://steemit.com/steem-help/@antonchanning/the-complete-minnows-guide-to-the-steem-wallet"],"app":"steemit/0.1","format":"markdown"} |
created | 2018-04-21 23:32:09 |
last_update | 2018-04-21 23:35:51 |
depth | 0 |
children | 2 |
last_payout | 2018-04-28 23:32:09 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 35.630 HBD |
curator_payout_value | 9.468 HBD |
pending_payout_value | 0.000 HBD |
promoted | 0.000 HBD |
body_length | 3,055 |
author_reputation | 11,135,117,730,547 |
root_title | "Minnow Support Tutorial - OVERVIEW OF STEEM BLOCKCHAIN WALLET" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 HBD |
percent_hbd | 10,000 |
post_id | 51,387,984 |
net_rshares | 7,098,690,243,529 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
freeyourmind | 0 | 364,000,434,236 | 18% | ||
arcange | 0 | 16,522,514,671 | 2% | ||
raphaelle | 0 | 956,503,407 | 2% | ||
kpine | 0 | 6,000,770,261,703 | 30% | ||
responsive | 0 | 1,028,989,885 | 53% | ||
anarcotech | 0 | 3,635,023,520 | 6.3% | ||
starkerz | 0 | 126,463,543,332 | 6.3% | ||
cryptocurator | 0 | 385,866,853 | 8.4% | ||
tj4real | 0 | 8,780,503,961 | 21% | ||
pipks | 0 | 128,617,042 | 26.5% | ||
xpency | 0 | 3,288,966,294 | 21% | ||
michaelcj | 0 | 14,954,722,180 | 53% | ||
instantania.cat | 0 | 774,273,665 | 26.5% | ||
rubiztech | 0 | 301,329,139 | 53% | ||
tfame3865 | 0 | 8,261,973,879 | 53% | ||
letsmakes | 0 | 62,280,477 | 21% | ||
valency1 | 0 | 6,310,558,871 | 53% | ||
omowunmi | 0 | 272,855,364 | 53% | ||
samiwhyte | 0 | 2,339,989,427 | 16.8% | ||
paramon | 0 | 158,950,611 | 26.5% | ||
richforever | 0 | 1,732,096,934 | 21% | ||
kelvin14 | 0 | 1,638,108,372 | 100% | ||
nwagod4 | 0 | 91,987,395 | 26.5% | ||
chimzycash | 0 | 23,397,493,895 | 53% | ||
kesolink | 0 | 8,599,009,681 | 100% | ||
steemnaira | 0 | 33,087,956,956 | 53% | ||
suheri | 0 | 1,722,819,617 | 100% | ||
mcfarhat | 0 | 3,358,857,530 | 4.2% | ||
birgitt | 0 | 1,318,710,288 | 53% | ||
mayowadavid | 0 | 6,336,091,328 | 53% | ||
markmorbidity | 0 | 114,045,606 | 26.5% | ||
nmalove | 0 | 3,046,251,722 | 53% | ||
ahmadnayan | 0 | 251,687,704 | 21% | ||
bait002 | 0 | 354,799,472 | 4.2% | ||
swissrose1993 | 0 | 328,755,182 | 53% | ||
astama | 0 | 104,395,553 | 100% | ||
otemzi | 0 | 543,184,267 | 5.3% | ||
njokuoluchukwu | 0 | 483,398,454 | 21% | ||
extremeromance | 0 | 11,929,174,370 | 15% | ||
masud222 | 0 | 113,086,636 | 26.5% | ||
kenking | 0 | 244,714,862 | 53% | ||
tolusedove | 0 | 198,076,106 | 26.5% | ||
steempageantshow | 0 | 124,675,206 | 53% | ||
ekjosh | 0 | 232,275,892 | 53% | ||
estrellamag | 0 | 156,868,763 | 26.5% | ||
nairadaddy | 0 | 2,022,559,871 | 5% | ||
desmond41 | 0 | 349,629,832 | 21% | ||
afifa | 0 | 1,905,663,096 | 15% | ||
caesar2341 | 0 | 113,788,500 | 26.5% | ||
raymondbruce | 0 | 3,039,047,871 | 100% | ||
pyaesoneaung1774 | 0 | 232,541,828 | 53% | ||
ciscibelioverer | 0 | 63,590,348 | 100% | ||
casweeney | 0 | 387,072,272 | 5.3% | ||
matiasmenarguez | 0 | 1,382,945,907 | 53% | ||
nellita66 | 0 | 97,916,524 | 26.5% | ||
thedrewshow | 0 | 335,506,582 | 53% | ||
franklan3386 | 0 | 117,474,031 | 53% | ||
layanmarissa | 0 | 116,405,001 | 26.5% | ||
fiifi56 | 0 | 263,631,971 | 53% | ||
ohmylove | 0 | 214,031,600 | 53% | ||
talivet | 0 | 155,952,641 | 26.5% | ||
gwys | 0 | 249,770,138 | 26.5% | ||
patriamreminisci | 0 | 155,926,970 | 26.5% | ||
victoryudofia | 0 | 808,289,224 | 53% | ||
vashukov | 0 | 406,948,199 | 100% | ||
k-banti | 0 | 4,823,926,708 | 100% | ||
ichie1 | 0 | 201,779,171 | 26.5% | ||
nikanetpu | 0 | 419,187,243 | 100% | ||
aruyacy | 0 | 301,356,231 | 53% | ||
entrepreneur916 | 0 | 280,516,085 | 4.2% | ||
shahabshah | 0 | 116,139,090 | 26.5% | ||
ikannaokim | 0 | 159,231,341 | 26.5% | ||
steem-ambassador | 0 | 385,020,808,452 | 42% | ||
mcmusic | 0 | 127,136,470 | 26.5% | ||
princesar | 0 | 305,651,157 | 50% | ||
matadonis | 0 | 119,194,207 | 26.5% | ||
sylinda | 0 | 113,139,202 | 26.5% | ||
value2 | 0 | 150,135,612 | 26.5% | ||
frankabelle | 0 | 115,876,558 | 2.1% | ||
fullabeans | 0 | 119,665,879 | 26.5% | ||
mirkosche | 0 | 226,416,919 | 53% | ||
ehtishamjadoon | 0 | 155,986,561 | 26.5% | ||
edinsoo | 0 | 113,600,113 | 26.5% | ||
cauac | 0 | 64,204,766 | 21% | ||
aldy | 0 | 520,983,561 | 100% | ||
fifi-yanti | 0 | 82,988,013 | 21% | ||
jacintoelbarouki | 0 | 116,284,737 | 26.5% | ||
zombieslayer | 0 | 110,338,093 | 26.5% | ||
pejugold | 0 | 79,462,805 | 21% | ||
mirna98 | 0 | 113,654,143 | 26.5% | ||
abreu | 0 | 110,285,507 | 26.5% | ||
neopch | 0 | 201,805,551 | 2.1% | ||
toyosiartdiy | 0 | 82,697,391 | 15.9% | ||
saifuddin07 | 0 | 85,711,832 | 21% | ||
mitiendabuena | 0 | 125,420,115 | 26.5% | ||
rjrudillas14 | 0 | 217,425,504 | 53% | ||
aidenpearce | 0 | 64,339,752 | 10.6% | ||
carloniere | 0 | 66,802,307 | 26.5% | ||
rajonx | 0 | 141,607,946 | 26.5% | ||
iamjimmy | 0 | 300,581,245 | 53% | ||
dexter24 | 0 | 113,110,151 | 26.5% | ||
jayo | 0 | 104,217,598 | 26.5% | ||
paolahernandez | 0 | 131,600,439 | 26.5% | ||
mikemaphu | 0 | 275,736,511 | 26.5% | ||
wawan.anestesi | 0 | 85,950,327 | 21% | ||
rextylerblunt | 0 | 122,877,421 | 26.5% | ||
ahmad097 | 0 | 116,823,973 | 26.5% | ||
liewps | 0 | 73,827,730 | 12.6% | ||
belvajarandilla | 0 | 110,039,609 | 21% | ||
zay-arasi | 0 | 113,580,200 | 26.5% | ||
wr212 | 0 | 116,609,202 | 26.5% | ||
we-are | 0 | 1,725,508,738 | 22.6% | ||
we-are-one | 0 | 1,558,001,227 | 20.49% | ||
we-are-nigeria | 0 | 15,297,788,760 | 19.73% | ||
empowermite | 0 | 172,832,396 | 26.5% | ||
wealth4good | 0 | 168,496,702 | 2.65% | ||
xanderf | 0 | 144,368,829 | 26.5% | ||
darnhiel | 0 | 158,943,845 | 26.5% | ||
creatocracy | 0 | 54,486,640 | 6.3% | ||
we-are-africa | 0 | 1,656,305,152 | 21.64% | ||
benkweller | 0 | 5,104,912,821 | 5.3% | ||
leeyen23 | 0 | 146,700,563 | 26.5% | ||
zedpal | 0 | 188,494,300 | 26.5% | ||
catherinemds | 0 | 122,412,361 | 26.5% | ||
osef-navi | 0 | 604,481,284 | 100% | ||
rabiujaga | 0 | 131,419,254 | 26.5% | ||
leopenuela18 | 0 | 499,984,745 | 100% | ||
iammitchell | 0 | 116,383,134 | 26.5% | ||
romanleopold | 0 | 508,859,979 | 26.5% | ||
maikelblogo | 0 | 113,109,601 | 26.5% | ||
saarah | 0 | 64,191,897 | 26.5% | ||
mittalamit284 | 0 | 156,220,995 | 26.5% | ||
alexeeey | 0 | 517,546,541 | 100% | ||
w00tl00t | 0 | 203,458,110 | 26.5% | ||
elpriist | 0 | 128,804,236 | 26.5% | ||
steemit-uruguay | 0 | 172,033,593 | 42% | ||
mojacko | 0 | 143,894,702 | 26.5% | ||
pharao20 | 0 | 85,860,866 | 26.5% | ||
femidada | 0 | 186,532,198 | 100% | ||
f20k | 0 | 428,546,513 | 100% | ||
foxesal | 0 | 85,577,405 | 15% |
Good job man!. Thanks for taking time to expatiate on how the system works. Keep educating us. We are happy to learn always from you.
author | k-banti |
---|---|
permlink | re-kesolink-minnow-support-tutorial-overview-of-steem-blockchain-wallet-20180423t113556402z |
category | promo-steem |
json_metadata | {"tags":["promo-steem"],"app":"steemit/0.1"} |
created | 2018-04-23 11:36:03 |
last_update | 2018-04-23 11:36:03 |
depth | 1 |
children | 0 |
last_payout | 2018-04-30 11:36:03 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 HBD |
curator_payout_value | 0.000 HBD |
pending_payout_value | 0.000 HBD |
promoted | 0.000 HBD |
body_length | 133 |
author_reputation | 92,809,932,633,470 |
root_title | "Minnow Support Tutorial - OVERVIEW OF STEEM BLOCKCHAIN WALLET" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 HBD |
percent_hbd | 10,000 |
post_id | 51,661,911 |
net_rshares | 0 |
To listen to the audio version of this article click on the play image. [](http://ec2-52-72-169-104.compute-1.amazonaws.com/kesolink__minnow-support-tutorial-overview-of-steem-blockchain-wallet.mp3) Brought to you by [@tts](https://steemit.com/tts/@tts/introduction). If you find it useful please consider upvote this reply.
author | tts |
---|---|
permlink | re-minnow-support-tutorial-overview-of-steem-blockchain-wallet-20180422t002151 |
category | promo-steem |
json_metadata | "" |
created | 2018-04-22 00:21:54 |
last_update | 2018-04-22 00:21:54 |
depth | 1 |
children | 0 |
last_payout | 2018-04-29 00:21:54 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 HBD |
curator_payout_value | 0.000 HBD |
pending_payout_value | 0.000 HBD |
promoted | 0.000 HBD |
body_length | 377 |
author_reputation | -4,535,154,553,995 |
root_title | "Minnow Support Tutorial - OVERVIEW OF STEEM BLOCKCHAIN WALLET" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 HBD |
percent_hbd | 10,000 |
post_id | 51,392,843 |
net_rshares | 0 |