Steemit is social news community, launched in March 2016 with active users of more than 500,000(as of December 2017). Steemit is ranked 961 global and 871 US.
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The brain behind the platform is Ned Scot and Dan Larimer. Steemit is a blogging and social networking website built on steem circle chain database.
One of the fascinating concepts that drive this platform is the reward for content creation and curation. The reward is paid in STEEM and Steem Dollars.
Reddit founded 12 years ago, by Steve Huffman and Alexis Ohanian. Condé Nast Publications acquired Reddit in 2006. "Reddit. In 2017, had 542 million visitors monthly and 234 million unique users), ranking as the 4 most visited website in the U.S. and 8 in the world. Across 2015, Reddit saw 82.54 billion page views, 73.15 million submissions, 725.85 million comments, and 6.89 billion.
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Steemit and Reddit are social networks that focus on information sharing, with valuable 'info'being upvoted, Quora is another platform that uses this feature. What set steemit apart is that, author and curator gets a monetary reward, which is paid in cryptocurrencies (steem and steem dollar).
With the concept of profit sharing that steemit is using, I can see social media revolution. My only fear is, steemit is powered by blockchain and the reward is paid in cryptocurrency, and crypto is at early adoption.
Can Steemit meet up Reddit record and surpass it, in ten years to come?
