#Steemit is a blogging and social networking website on top of the Steem circlechain database. #Steemit On July, 4th, 2016, #Steemit, Inc officially launched #Steemit, a social media with virtual currency rewards that runs over the #Steem blockchain. On July 1, 2016 #Steemit announced on their website that they were hacked. The attack, according to them, has compromised about 260 accounts. A little less than US$ 85,000 worth of #Steem Dollars and #Steem are reported to have been taken by the attackers.The #Steem blockchain has two tokens: #STEEM and #Steem Dollars. There is also a vested or stored interest known as #Steem Power. #Steem Power is strictly for internal use in the #Steem community, while the tokens are used for stored value and trading.
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