News
The former founder of Steemit and Block.one is tackling social media once more.
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Steemit News
Steemit is a decentralized social network specifically developed using Steemit blockchain technology. The main feature of the site is rewarding active users with Bitcoin. The internal Steemit cryptocurrency — named Steem, which has a value currently much less than Bitcoin — can be earned through posting, voting, commenting, curating, etc., and by just staying active on the site. New users don’t get a lot from voting, so they have to work to gain their steem power by providing unique and useful posts. With every creation, the value of their vote becomes greater. In addition, the platform offers Steemit mining on CPU, just like any other cryptocoin. Currently, there is also a Steemit app available for both iOS and Android.
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Could their partnership with a new age guru save lives?
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During Virtual Blockchain Week, Justin Sun recounted his version of the events surrounding Hive’s controversial fork away from Steem.
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One week after Justin Sun’s hostile takeover of Steem, Huobi launched trading for the community hard fork Sun sought to suppress.
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Major Steem stakeholder Dan Hensley accuses TRON founder Justin Sun of attempting to bribe him with “money, power and users.”
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The ex-Steem community continues to battle Justin Sun with the Hive hard fork — stakeholders seemingly migrating to the new network.
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After forking off the Steem blockchain on March 20, Hive is now trading at a 20% premium over Steem.
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The Steem community continues its fight in one of the biggest crypto dramas of 2020 — rolls out Hive as an alternative.
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Justin Sun’s Steemit has been accused of censoring content about the upcoming Hive hard fork.
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Binance and Huobi have announced support for the upcoming Hive hard fork of the Steem blockchain.
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Cryptocurrency exchange Binance has officially apologized to the Steem community following its involvement in a major centralization scandal involving Tron founder Justin Sun.
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Huobi has posted a statement admitting that it used customer funds to vote with Justin Sun in a bid to remove Steem’s blockchain validators.
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Binance has reversed its vote in what appeared to comprise a coordinated move to take over the Steem blockchain to the benefit of Tron’s Justin Sun.
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Steemit’s managing director says the new partnership with Tron will help grow the platform and that the soft fork resulted from quick reactions to the changes.
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Tron partners with Steemit, a major blockchain-based blogging and social networking website that will be moving to Tron’s network.
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