Steemit with millions of users migrates to TRON ecosystem

by in Blockchain News

Steemit merges TRON

The decentralized social network Steemit and its applications will soon be transferred to the TRON blockchain. The migration will occur as part of a strategic partnership between Steemit Inc. and the Tron Foundation.

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The blog of the Tron Foundation says that work on the migration of a social network, its products and services begins immediately.

Also Saturday, February 15, Tron Foundation CEO Justin Sun and his colleague at Steemit Inc. Ned Scott held an AMA session on the DLive platform, during which they gave comprehensive answers regarding the partnership and the future STEEMIT 2.0 platform, as Justin Sun dubbed it.

It is already known that the existing Steem token is going to be transferred to the Tron blockchain, and for TRON users there will be held an airdrop of new tokens.

Also, the Tron Foundation claims that the company did not invest in Steemit, and its developers made a decision to abandon their blockchain voluntarily. It is also planned to launch a joint accelerator aimed at the development of the Steemit.

The parties agreed on the future of Steemit. Steem said it was more than just money. Steemit requires the infrastructure and support of a scalable network community that only TRON can provide.

Steemit was founded in 2016 by Ned Scott and Dan Larimer, who currently holds the position of CTO at Block.one, the company behind the development of the EOS network.

Now the platform has a million users, while in the TRON blockchain their number exceeds 20 million.

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Earlier it became known about the migration to the TRON blockchain of the DLive streaming service. Justin Sun bought the developer of the peer-to-peer file-sharing protocol in 2018. 5 million people use DLive every month, with BitTorrent this figure is 100 million.