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Steemit

Steemit
Steemit Logo.svg
Type of site
Social news community
Available inMainly English
(content is also available in several other languages, e.g. German, French, or Spanish)
Websitesteemit.com
Alexa rankDecrease 1,788 (May 2018)[1]
RegistrationFree. Mandatory for editing.
Users+ 1 Million users[citation needed]
LaunchedMarch 24, 2016; 2 years ago (2016-03-24)
Current statusActive

Steemit is a blogging and social networking website owned by Steemit Inc that uses the Steem blockchain to reward publishers and curators.[2]

On July 4, 2016, Steemit, Inc. launched Steemit, a social media platform with virtual currency rewards that runs over the Steem blockchain. On July 14, 2016, Steemit announced on their website that they were hacked.[3] The attack, according to them, has compromised about 260 accounts. About US$85,000 worth of Steem Dollars and Steem are reported to have been taken by the attackers.

Steemit gives small amounts of its cryptocurrency token, Steem, to posters who get upvotes.[4] Posters can also be tipped by readers.[5] Steemit faced financial difficulties in 2018 and laid off 80% of its staff.[6] Steemit co-founder Ned Scott referred to the Steemit blogging platform as an interface on top of a blockchain, akin to a blockexplorer.[7]



References

  1. ^ "Steemit.com Site Info". Alexa Internet. Retrieved June 18, 2018.
  2. ^ Chohan, Usman (February 2018). "The Concept and Criticisms of Steemit". Economics of Networks Journal: 8 – via Social Science Research Network (SSRN).
  3. ^ Cimpanu, Catalin (Jul 18, 2016). "Steemit Social Network Hacked, User Funds Stolen, DDoS Attack Ensued". Softpedia News. Retrieved Jan 16, 2019.
  4. ^ "(Reuters) Digital currency Steem soars 1,000% in value in two weeks". Guardian. July 12, 2016. Retrieved January 16, 2019.
  5. ^ McMillen, Andrew (October 4, 2017). "The Social Network Doling Out Millions in Ephemeral Money". Wired. Retrieved May 6, 2018.
  6. ^ Biggs, John (October 28, 2018). "Steemit laying off 70% of staff". TechCrunch. Retrieved January 16, 2019.
  7. ^ Dale, Dale (September 15, 2016). "Steem Aims to Beat Facebook by Paying Its Bloggers in Cryptocash". Observer. Retrieved January 16, 2019.

External links

  • Steemit publishing platform
  • Steem cryptocurrency used by Steemit