Steemit hits 300,000 users in less than six months. What’s the future like?
The block-chain content platform Steem hits impressive numbers and followers for its blogging and social networking website..
Steemit is a social news service built on a blockchain that rewards users for contributing content. It uses simple tools for writing and viewing content similar to Medium or Digg, but adds a whole new layer of incentive for content creators.
Steem’s blockchain uses two tokens: Steem and Steem Dollars. Post and comment and you will be rewarded. 75% to the author and 25% to the curators. This brings a whole new incentive for hardcore redditors and content contributors.
Some critics of the platform question the need for a unique token rather than using bitcoin or ether. Others predict the currency could grow and grow until there are no longer any fresh users and just crash.
Let us know what you think of Steem in the comments below.
