Steemit, a decentralized social media platform that rewards users for delivering commentary, images, videos, and articles to the site, is creating native Steemit apps for use on mobile iOS and Android among several upgrades for 2017, the company announced.
Among the upgrades, Steemit is automating the deployment of its software into Elastic Compute Cloud and Amazon Web Services to provide a high availability hosting service. It will also undergo a redesign to improve aesthetics and functionality.
Upgrade Enables Site Development
“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,” said CEO Ned Scott. “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.”
Users soon will have access to free drag-and-drop image hosting, as well as comment moderation, community name spaces and moderation (like subreddits), achievements (like video game milestones), mobile notifications, user insignia and a status bar.
Primary Account To Divest Holdings
The Steemit, Inc. controlled primary account, @steemit, holding about 41% of the platform’s Steem Power, will gradually divest its holdings in an effort to increase development of the platform while dispersing voting power.
Later this year, Steemit will roll out a parallel blockchain architecture system called “Fabric” to enhance performance, scalability, modularity and fault isolation. Multiple blockchains will be created, handling separate features within the platform, nullifying any risk of a blockchain bottleneck from single core processing demands.
Hard Fork Completed
Steemit last month completed a hard fork to address the inflation rate incurred by its token coin Steem and to encourage participation from short or mid-term investors rather than an over-reliance on early adopters. The hard fork was requested by the Steemit community.
On July 4, Steemit rewarded around $1.3 million worth of the digital currency, Steem Dollars, 10% of its then current market cap, to users who uploaded content and voted on the platform.
Image from Steemit.Follow us on Telegram or subscribe to our newsletter here.
• Join CCN's crypto community for $9.99 per month, click here.
• Want exclusive analysis and crypto insights from Hacked.com? Click here.
• Open Positions at CCN: Full Time and Part Time Journalists Wanted.