...The History of Steemit...

in hive-172186 •  2 years ago 

Steemit is a blockchain-based social media platform that has been gaining popularity in recent years as an alternative to traditional social media platforms such as Facebook and Twitter. The platform was launched in 2016 by Ned Scott and Dan Larimer, and it quickly gained a lot of attention from the cryptocurrency and blockchain communities.

d3Fo6EQIU9k3HSlMi05Q0mkwqB7WC51lvI-T31Wln9j-Hf7-2m9gapb6FG4Q7MmKmXx7D0Hb-m_nc4TX0Cbl7mqk_TB9qe9V6wpsk-C1AhvmGel00kqhG5KSY28fL70rQR7rb5Gr7zPDtqs2b8F9IKkxNweI0j5Mg86Cy1-wTUVyuI2af69jdX1MtjmNrw.webp

The idea behind Steemit was to create a social media platform that was not controlled by a single entity or corporation, but rather, was decentralized and run on a blockchain. The platform is built on top of the Steem blockchain, which was also created by Larimer.

One of the unique features of Steemit is that it rewards users for creating and curating content. Users can earn Steem tokens by posting content, commenting on posts, and upvoting or downvoting content. The more popular a post is, the more Steem tokens the author can earn.

When Steemit was first launched, it was met with a lot of enthusiasm from the cryptocurrency community. Many people saw it as a way to earn cryptocurrency while also engaging with others in a social media environment. The platform quickly grew in popularity, and at its peak, it had over a million registered users.

However, Steemit has not been without its controversies. In 2018, the platform was accused of censoring certain types of content, including content related to cryptocurrency and blockchain. This led to a backlash from the community, with many users leaving the platform in protest.

In response to these concerns, Steemit has made changes to its platform to address some of these issues. For example, the platform has implemented a new system for flagging and removing content that violates its terms of service. Additionally, the platform has implemented a system of decentralized moderation, which allows users to vote on moderators who are responsible for maintaining the platform's content standards.

Despite these challenges, Steemit has remained a popular platform for those interested in cryptocurrency and blockchain technology. The platform has also inspired the creation of other blockchain-based social media platforms, such as Hive and Minds.

Overall, the history of Steemit is a testament to the growing interest in decentralized technologies and the potential for blockchain to revolutionize the way we interact with each other online. While the platform has faced its fair share of challenges, it remains an important player in the world of blockchain-based social media.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  
Hello friend...

The newcomer community is a special community for new steemit users, you can only release achievement 1 to achievement 6 posts and compilation tasks in this community

I invite you to participate in the Newcomer Achievement Program. As a first step to complete the Achievement 1 task you can follow this link: Achievement 1: Verification Through Introduction

Note

Anyone is prohibited from publishing public posts on the Newcomer Community other than the Achievement Task, as a penalty we will mute your posts

I appreciate your cooperation
Regards