Blockchain Social Website Steemit to Hard Fork in December
Steemit, a social news website designed on a blockchain, will hard fork on Tuesday, December 6, thus changing the Steemit blockchain’s economic model. The platform is looking to bring on more short-to-mid term investors. “With this hardfork the greatest portion of the community feels the ecosystem will be changing for the better and will now be more accessible to more people,” says CEO of Steemit, Ned Scott. “The hard fork request was initiated by the community, and once we reiterated the recommendations, we received an overwhelmingly positive response. The reason we built Steemit was to....
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The community requested hardfork to enforce change with the Steemit blockchain’s economic model has been completed successfully, the social news platform confirmed today. First revealed toward November’s end, Steemit CEO Ned Scott revealed that plans for a hardfork were put in place to address the inflation rate incurred by its token coin Steem and to encourage participation from short or mid-term investors rather than an over-reliance on early adopters. “The hard fork request was initiated by the community, and once we reiterated the recommendations, we received an overwhelmingly positive....
Blockchain-powered social media platform Steemit, a new novel experiment in social media that sees users rewarded in the token cryptocurrency Steem has been the target of a cyber attack. Steemit, a new social media website that has grown tremendously since its launch two months ago has seen its token cryptocurrency Steem’s value explode over the past week. The digital currency now sits third in the cryptocurrency market value charts with over $360 million at the time of publishing, only after Bitcoin and Ethereum. Speaking to CCN earlier, Steemit CEO Ned Scott described the platform as....
The crypto-currency space is full of rapidly evolving technologies. The Steem/Steemit social media platform is no exception to this. Not only does it have the blogging and social media utility, but it has also garnered a passionate and diverse community from all over the world. Over 200 participants from 31 countries, 35 percent of them female, gathered at SteemFest, which took place in Amsterdam this month. That is a good diversity trend and it seems to indicate that Steemit is inviting to a wide array of people. Andrew Levine noted: “SteemFest was probably the best weekend of my life.....
Steemit announced on their website that they were hacked. The attack, according to them, has compromised about 260 accounts. A little less than US$ 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....
Steemit, the new social media platform that rewards its user base with cryptocurrency, has been growing exponentially since its inception. The company has revealed that over the course of its first month membership has grown by 1,600%, all the while using its blockchain-powered platform to pay users for posting content. Steemit ‘Creating and Curating....