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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)
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]


  1. ^ " 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