Decentralized Social Media Platform Steemit Unveils 2017 Blockchain Changes

Steemit, the decentralized social media platform rewarding users for their work with cryptocurrency, has unveiled a roadmap for 2017 detailing upcoming improvements to the company’s structure, its blockchain, and its website.

On the technical side, the platform is creating native Steemit apps for use on mobile iOS and Android anticipated to launch in Q4, as well as migrating its servers to Amazon. The website will undergo a redesign to improve aesthetics and functionality. The Steem blockchain will boast an inbuilt feature allowing per post revenue to be shared between an author and community into which the post is published while blocking undeserving reward recipients.

CEO of Steemit Ned Scott said: “2017 will be our banner year and the community will see a ton of upgrades from now until the end of March. Migrating hosting to reputable third parties allows us to focus all of our time and attention on development of the site, software, and community, not on scaling or maintaining servers or hosting infrastructure. The features we are adding will make the user experience even more enjoyable and continue to build on the small town community feel, reputation building and incentivizing great, uncensored discussions.”

The company also promises that in the name of decentralization, the Steemit, Inc. controlled primary account, @steemit, which holds approximately 41% of the platform’s Steem Power, will be gradually divested of its holdings.

Later this year, Steemit will roll out a parallel blockchain architecture system called ‘Fabric’, where multiple blockchains can be created, each handling separate features within the platform, nullifying any risk of a blockchain bottleneck due to single core processing demands.

(Photo: Steemit)

Bitcoin (BTC) $ 28,425.62 2.46%
Ethereum (ETH) $ 1,821.15 3.46%
Tether (USDT) $ 1.01 0.42%
BNB (BNB) $ 328.28 1.16%
USD Coin (USDC) $ 1.00 0.17%
XRP (XRP) $ 0.439286 2.31%
Cardano (ADA) $ 0.368854 1.33%
Dogecoin (DOGE) $ 0.077286 2.81%
Lido Staked Ether (STETH) $ 1,815.86 3.51%
Polygon (MATIC) $ 1.15 2.16%
S&P 500  ^GSPC 
$3,948.72  $11.75  (0.30%)
Dow Jones Industrial Average  ^DJI 
$32,105.25  $75.14  (0.23%)
NASDAQ Composite  ^IXIC 
$11,787.40  $117.44  (1.01%)
Russell 2000  ^RUT 
$1,720.29  $7.07  (-0.41%)
Crude Oil May 23  F*CL.NYM 
$69.93  $0.0300  (-0.04%)
$0.0000  $0.0000  (0.00%)