hi devanmodak your best bet is to read this post https://steemit.com/steemit/@thecryptofiend/the-missing-faq-a-beginners-guide-to-using-steemit
it's one of the best explanations of all things steem so far. grab yourself a drink it's a long read and make sure you bookmark for yourself.
If you still have any questions feel free to send me a DM in https://steemit.chat (i'm phoenixmaid on chat to)