Steemit is a decentralized blogging platform built on the Steem blockchain. It allows users to publish content and earn cryptocurrency for their contributions. Since its launch in 2016, Steemit has gained a loyal following of content creators and enthusiasts. Here are some of the latest news and developments on Steemit.
Steemit Inc. acquired by Tron Foundation
In February 2020, the Tron Foundation announced that it had acquired Steemit Inc., the company behind the Steemit platform. The move was aimed at strengthening the Tron ecosystem and expanding its user base. The acquisition sparked controversy within the Steemit community, with some users raising concerns about centralization and the future direction of the platform.
Migration to Hive blockchain
Following the acquisition, many Steemit users decided to migrate to a new blockchain called Hive. Hive was created by a group of Steemit users who were unhappy with the centralization and governance issues on the Steem blockchain. The migration was successful, and many users continue to publish content and earn rewards on Hive.
Launch of Steemit Crypto Academy
In March 2021, Steemit launched the Steemit Crypto Academy, a new initiative aimed at educating users about cryptocurrency and blockchain technology. The academy features a team of experienced crypto educators who produce weekly video tutorials and written guides on a wide range of topics, from the basics of blockchain to advanced trading strategies.
Steemit partners with TRON-based stablecoin
In August 2021, Steemit announced a partnership with Just Stablecoin, a TRON-based stablecoin that is pegged to the US dollar. The partnership allows Steemit users to send and receive payments in USDJ, the Just Stablecoin, directly on the platform. This is a significant development for Steemit, as it provides users with a more stable and reliable payment option.
Upcoming changes to Steemit
Steemit has announced several upcoming changes to the platform, including the introduction of a new governance system that will allow users to have more say in the direction of the platform. The new system will be based on a token-based voting system, with users able to vote on proposals and initiatives put forward by the Steemit team.
Overall, Steemit continues to evolve and grow as a decentralized platform for content creation and community building. While there have been some bumps along the way, the future looks bright for Steemit and its users.