Social media has turn into so embedded in most individuals’s on a regular basis lives that it’s laborious to think about life — or perhaps a span of some hours — with out it. Whereas the social media revolution is big, there’s one other revolution inside that revolution, pushed by customers into cryptocurrency, privateness, and immutability: incentivized, blockchain-based social media.
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Steemit as Pioneer
Approaching scene as a pioneer in July 2016, Ned Scott and blockchain developer Dan Larimer’s Steemit boasted to be a primary of its sort blockchain-based social media platform, permitting customers to earn rewards by way of Steem for posting, curating, and commenting. Many customers in contrast the positioning’s fashion to a type of “crypto Reddit.”
Larimer, the creator of the Bitshares DEX, DPoS (Delegated Proof of Stake Algorithm), and the present CTO of Block.one (EOS developer),…