What is Steemit reputation, and how does it work?

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Title What is Steemit reputation, and how does it work?
URL steemit.com/steemit/@edywill/what-is-steemit-reputation-and-how-does-it-work
Description by edywill (35)

A lot of users are confused about what reputation is, how it's computed, how it changes, which effect it has on what, …

I compiled here all the information I found about reputation, and I'll try my best to make it easier for everyone to understand how it works on Steemit.

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Tags: links, reputation