[ad_2][ad_1] Users gathered on Steemit because they wanted an alternative to Facebook and Twitter, which are platforms known for censorship. One of Steemit's strengths is its immutability through its blockchain and the incentives offered to users for participation. However, many have learned today that Steemit is not that different from …
Read More »[ad_2][ad_1] Steemit Inc., a social media platform built on a decentralized database that rewards contributors with cryptocurrency payments, has fired 70% of its workforce while the cryptocurrency crisis has affected its bottom line. Founded in 2016, Steemit is often described as a blogging platform built on its blockchain, but is …
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[ad_2][ad_1] The startup blockchain Steemit has fired almost 70% of staff, citing the prolonged bear market for cryptocurrency. In a video posted to YouTube on Thursday, Steemit's CEO and founder, Ned Scott, said: "While we've been building our team over the last few months, we've based ourselves on fundamentally projected …
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