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Steem to move to tron blockchain

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8 months ago

Blockchain-powered Reddit alternative Steemit is migrating to the Tron blockchain, according to a press release shared with U.Today. This a major partnership for Tron that already boasts more than 800 dApps under its belt.

STEEM tokens will be moved to the Tron blockchain. There will also be a new accelerator program created for the community of developers.

Tron was rumored to acquire Steemit back in January but it turned out that Sun hinted at a deal with blockchain-based streaming platform DLive. Notably, Steemit hosts another video sharing website called D.Tube that will now be migrating to Tron along with a slew of other dApps.     

Even though Steemit is a rare example of a successful crypto project with mainstream appeal, it has suffered from financial woes and leadership reshuffling. Back in November 2018, it had to lay off 70 percent of its staff.

Source: Alex Dovbyna(U.Today)

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