CRYPTOCURRENCY

70% of Steemit employees we’re dismissed due to the Bitcoin price decline.

Steemit, a popular social blockchain-based network has undergone a structural reorganization. As a result of the reorganisation process, 70% of its employees were laid off. It was announced by the CEO and founder of the project Ned Scott in his personal blog.

To reduce the cost of maintaining full nodes, the remaining project team plans to replace the steemd plug-ins, evaluate the possibilities of using AWS and DevOps solutions, and also cut down the nodes and blockchains.

“We need to take control of costs and ensure economic sustainability. Most of all, I want steemit.com to survive and function further, to continue to follow our mission of creating great communities, ” – Ned Scott added.

In the coming weeks, Steemit is expected to present to the public “a multitude of new assets”, which, according to Scott, will have a positive impact not only on the prospects of the platform, but also on the entire cryptocurrency market.

The popular Twitter commentator WhalePanda dubbed the current situation with the “Dan Larimer effect”, one of the founders of Steemit, currently holding the post of director of startup Block.one based on the EOS blockchain.

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blockchain, ICO, bitcoin, ethereum, mining

CRYPTOCURRENCY


70% of Steemit employees we’re dismissed due to the Bitcoin price decline.

Published by blockchain, ICO, bitcoin, ethereum, mining