Steemit, the decentralized blockchain-based social media and blogging platform, today announced a strategic partnership with TRON, one of the largest decentralized ecosystems, providing fast network speed, high throughput stability, and scalability.
TRON and Steemit’s development teams will immediately begin working together to bring Steemit and other Steem blockchain-based DApps to the TRON blockchain and its community of over 20 million users, products, and services.
Steemit is offering a Reddit-alike service built on top of the Steem blockchain. As one of the largest DApps cross all the blockchains, Steemit also claims a thriving community of its own due to a growing number of DApps developed on the Steem blockchain with over 1 million users.
Some popular real-world use cases on Steem blockchain include the Youtube alternative D.Tube, Instagram alternative APPICS, and fitness Dapp Actifit. Steemit was founded by Ned Scott and Dan Larimer in January 2016. Larimer led the engineering of Steemit’s earliest technology and later went on to lead the development of EOS, a highly visible blockchain protocol.
Together, TRON Foundation and Steemit will look to create further value for their users and augment their advancements in decentralized technologies, including moving old STEEM token to a new TRON based STEEM token, giveaways to the existing TRX users with the new TRON based STEEM token, as well as a new accelerator program towards the developer community.
“Steemit is the original conception of forums meeting cryptocurrency to achieve mass adoption — where cryptocurrency could be distributed as easily as “likes” and “upvotes” and this high powered distribution mechanism would bring adoption and appreciation to the currency and the social network. From launching the platform in 2016 on a shoestring budget to today, I’ve enjoyed the development of the platform and the growth of its user base — now I’m excited to see a strategic partner attempt to bring it to new heights.”
– Ned Scott, former CEO, Chairman and Founder of Steemit