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November 28, 2018 03:39 pm GMT

Steemit, a decentralized sharing system, lays off 70% of staff

Steemit, a distributed app designed to reward content creators, has laid off 70 percentof its staff citing “the weakness of the cryptocurrency market, the fiat returns on our automated selling of STEEM diminishing, and the growing costs of running full Steem nodes.” The remaining team will focus on reducing server costs by shrinking the size […]

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/vj-01DZy6CQ/

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