TRON Set to Become New Home for Steemit Amid Push for Decentralized Social Media | BTCMANAGER
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Blockchain blogging platform Steemit is set to migrate to the Tron ecosystem following a strategic partnership between both organizations. The move marks another development of Steemit as it seeks to recover from the negative impacts of the 2018 crypto bear market shake-up.
TRON Partners with Steemit
The Tron Foundation announced the news via a blog post on its Medium platform on Friday (February 14, 2020). According to the blog post, both Tron and Steemit devs will begin working on modalities to accomplish the transition to the former’s blockchain network.
Apart from Steemit, the partnership also sees other Steem-based blockchain decentralized apps (DApps) moving over to Tron. The current Steem DApps stack includes platforms like D-Tube (a YouTube alternative) and APPICS (an Instagram alternative).
Tron’s partnership with Steemit could see the former grow from 20 million users to 21 million users with the latter controlling a userbase of over one million users on its platform. Commenting on the partnership, Tron founder Justin Sun remarked:
“We are very excited to welcome Steemit into the TRON ecosystem. Together we will usher in a new era of decentralized social networking.”
Steemit stakeholders will be hoping the migration to Tron will help the platform complete its recovery from the difficulties faced during the crypto bear market.