‘Yours Network’ to Use Bitcoin in Competition Against Steemit
With all the hype surrounding decentralized, blockchain-based social media platforms such as Steemit and Synereo, another next-gen network is on the horizon. Back in April, the lead developers of the “Yours Network,” Ryan X. Charles, Steven McKie, and Clemens Ley, released their vision to the public: a platform that places social media in the control of....
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The first ever Bitfilm movie competition starts on Steemit today. The users of this decentralzied social network can vote for movies they like the most. Why on Steemit? Steemit is one of the first decentralized social network where you can earn money by posting good content online. Unlike Reddit or Facebook - that they also have a heavy censorship, this blockchain-related platform uses a currency, called “Steem” (its value is around $0.23 per unit) to fund authors of the best content. Users, in fact, can donate a tip to the authors and let them earn online. Steemit is similar to PaymeaBit,....
Steemit announced on their website that they were hacked. The attack, according to them, has compromised about 260 accounts. A little less than US$ 85,000 worth of Steem Dollars and Steem are reported to have been taken by the attackers. In the security announcement CEO of Steemit Ned Scott said: “User accounts and wallets are not at risk, and we hope to soon reactivate the Steemit website to normal order. Any users whose accounts were compromised will be completely reimbursed.” Law enforcement informed. At the moment it appears that the virtual currency itself has not been compromised but....
The exponential rate at which Steem grows may put on fast track a solution to the scaling issue that the Bitcoin community faces. Steem is a digital currency behind Steemit, a decentralized social media platform which rewards posters and voters online. Scaling Bitcoin has become a hot button issue in the community. This is the process to increase block size from its current form in which the network can only support up to seven transactions per second to process more like Paypal achieves with about 100 transactions per second, and as Visa does with about 4,000 per second. In the wake of....
The social media website Steemit that’s similar to Reddit has just announced it has distributed $1.3 million USD in the platform’s native cryptocurrency Steem. The website’s user base will have a lot more digital currency to earn just by posting original content on the decentralized platform. Steemit Users Rewarded. On July 5, the Steemit (steemit.com)....
Gamerholic, a cryptocurrency-fueled competition platform for casual gamers, has taken a page from Steemit and created a monetized social media platform tailored towards the gaming community. Gamerholic Presents Monetized Social Media for Gamers. Utilizing a Reddit and Steemit-inspired voting system, posts on the platform earn “Respeck.” The more Respeck a post earns, the more money it receives. Additionally, users who give their Respeck to posts earn a portion of the rewards. Funds for these content rewards come from a percentage of the platform’s service fees, which differs from the....