While googling news on Steemit today I found this article on a website called themerkle.com , it talks about a similar platform to Steemit I had no idea it existed. The platform is called Yours #yours
Article here: http://themerkle.com/bitcoin-blockchain-powered-social-network-yours-to-unveil-preview-soon/
The Yours platform is getting a lot of attention as of late, even though the project is still under development as we speak.The primary objective of this platform is to create a social platform where content creators can get paid to share their creations. Moreover, users who discover good content can earn money as well.
Here is what #yours says about Steem: https://engineering.yours.network/
A new project, Steem, has taken the very approach we determined wouldn’t work. They have built their own blockchain and customized it to suit the needs of their community. They’ve grown significantly and now have one of the most valued cryptocurrencies measured by market capitalization. And as best we can tell, it’s actually working — content creators are being paid.
Although we are delighted to see blockchain social media a reality, we worry that Steem can’t last. The burden of building not just a community and a technical platform, but also a novel cryptosystem and supporting economy, is extremely high. Security and scaling problems with their blockchain have a smaller team of experts incentivized to solve them, so solutions will come slower. Companies and services such as wallets and exchanges will be fewer in number and less featureful. When they encounter regulatory issues, they will have fewer allies.
― Sun Tzu, The Art of War
“If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.”
Steemit will continue to be a pioneer and a market leader but its important to know what other developments come in the near future.
#steemit #news #yours #themerkle