The world’s largest decentralized and blockchain-based social media, as well as a blogging platform, Steemit, announced a strategic partnership with the TRON foundation.
The largest decentralized blockchain-based social media and popular blogging platform, Steemit, announced in a shared press release with Cryptopotato, a strategic partnership with the TRON foundation.
The development teams of both companies will begin working together immediately to bring Steem blockchain-based apps and Steemit to TRON’s blockchain and its community of more than 20 million users, services, and products.
According to the release, TRON Foundation and Steemit will be working together in order to create more value for their users, as well as to augment their advancements in decentralized technology.
The old STEEM token will be transitioned to a new TRON-based STEEM token. There will be a giveaway to existing TRX users who will receive the STEEM token that’s based on TRON’s network. There will also be an accelerator program for the developer community.
Commenting on the matter was Justin Sun, founder of TRON and also CEO of BitTorrent. He said:
We are very excited to welcome Steemit into the TRON ecosystem. Together we will usher in a new era of decentralized social networking.
Steemit is a Reddit-like platform where cryptocurrencies could be distributed as likes and upvotes. This is something that could bring further adoption of blockchain-based technologies, especially after recent events.
Just yesterday, the Twitter account of the popular cryptocurrency commentator and Bitcoin permabull Anthony ‘Pomp’ Pompliano was temporarily unavailable.
Moreover, not a while ago, Cryptopotato reported that the world’s largest video content sharing platform, YouTube, penalized and even flat-out removed content related to cryptocurrencies. This had the community discussing on whether or not a decentralized alternative is needed. It also showcased the drawbacks of censorship and the fact that a single authority has control over network participants.