Social Media Your Network Ready to Compete with Steemit - Give Content Creator Incentives
Social media. The giant social media giant is currently looking to gain serious competition with the increasing number of Blockchain-based social media. Nuance of cryptocurrency today has colored the dynamics of social media dominated by some giant companies only.
Once the Steemit appears, it becomes clear that the blockchain that becomes the backbone of cryptocurrency can also be applied in social media. Not only steemit, Ready to launch in the future is Synereo.
Currently Synereo is reportedly trying to increase fundraising for preparations for its release. Qualified investors can invest in Hong Kong-based Sinereo LTD Shares.
Not only Synereo will be released some time ahead, Your Network, reportedly ready to compete with Steemit. Your network, even saying that Steemit is not a decentralized social media. Instead, your Network will be fully decentralized.
Almost similar to Steemit, your Network users can post something, share comments and prefer social media in general. Most interesting is your Network will also provide incentives for creators.
Ryan X Charles, the main developer of your Network at Reddit, said they are using Bitcoin Blocks because they have been tested. Beginning last August, your Network developer team has been testing. There are still some things that need to be resolved. Includes applying micropayment to their platform. So far, your Network and also developers have opened up interaction channels with potential users.
Your network sees opportunities to compete with Steemit. It is assumed that Steem will have major problems later on. According to Charles, Steem will not survive. He considers that there is a considerable burden, not just based on community and technical issues.
Charles also saw problems with the crypto system and its economy. In addition, Steem has a team of experts who are limited enough to achieve many things. It was seen Charles would be a source of problems that would always be too late. Seeing this, he feels will get a bigger space to be able to compete.