Blockchain Social Platform Steemit Completes Hardfork
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....
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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....
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 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)....
Social media is a major component of the Internet and has already transformed how humans communicate and interact. Looking to take things to the next level, a few projects are trying to combine social media with the blockchain. Steemit. Blockchain-based social media platform Steemit has gained quite a following in the past few months. The project was....
When it comes to evaluating the strength of a blockchain (after you put aside technical discussions), what matters more, eventually, is the ecosystem that forms around a blockchain, the community that develops to support it. In the public blockchain segment, bitcoin is known to have the strongest, if not the most expansive blockchain ecosystem. Ethereum is easily second in line, with over 300 distributed applications and an increasing number of startup companies opting to use its infrastructure. If you continue this ranking using community and ecosystem as units of measure, Steem (via its....