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.
Cryptocurrency exchange Binance has officially apologized to the Steem community following its involvement in a major centralization scandal involving Tron foun...
Binance Publishes Apology Letter to Steem Community and Says It Has ‘Unvoted’
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.
Huobi Withdraws Steem Votes, Admits to Mobilizing Customer Funds
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.
Binance Reverses Vote in Apparent Steem Takeover, Steemit Comms Head Resigns
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.
Steemit Managing Director on Partnership With Tron — Exclusive
Tron partners with Steemit, a major blockchain-based blogging and social networking website that will be moving to Tron’s network.
Steemit to Shift Its Proprietary Blockchain and Token to Tron Network
Media platform Steemit announced that fellow-Steemians can now vote for their favorite Steem proposals without leaving Steemitwallet.com.
Updated Steemit Now Allows Steem Proposal Voting on Steemitwallet.com
Social media platform Steemit is back up and running after having suffered from a bug in the curations reward curve, which attempted to retrieve trillions in St...
Steemit Is Now Fully Operational Again After Chain Halted Due to Bug