AUSTIN, Texas, July 11, 2019 / / PRNewswire/ -- Steemit, Inc. (https://steemit.com) continues to lead the way in regards to blockchain-based social networking programs. Whereas Facebook's intends to input cryptocurrency continues not to sit well with regulators and users. The House Financial Services Committee reported the"systemic dangers" posed by Facebook's cryptocurrency system" are much more glaring in light of Facebook's troubled past, where it didn't keep its users' information secure."
Steemit made the ideal choice over three decades ago when we found the Steem blockchain and steemit.com to provide users back control over their private information, shield their information, and earn rewards for telling their tales," explained Head of Communications, Andrew Levine.
Steam is an open, decentralized, and immutable blockchain protocol without any barriers to entry that empowers people to keep ownership over their articles and make a stake in the technologies, the system, for adding valuable information for this. Facebook did not announce anything such as that. Their cryptocurrency, the Libra will possess penalties, whereas cryptocurrencies around Steem are quickly and completely fee-less.
Around Steemit, Inc.
Steemit, Inc. utilizes blockchain technology to come up with cryptocurrencies that encourage, enhance, and monetize social networking networks and sites. It's the key developers of their Steem blockchain and Smart Media Tokens (SMTs), in addition to steemit.com, a leading 5000 Alexa website. To find out more about Steemit, see steemit.com.
