Steemit Joins Hands With TRON, Migrates to Its Blockchain
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Steemit Joins Hands With TRON, Migrates to Its Blockchain

February 15, 2020      Zain Raza

An extensive strategic partnership has taken place as Steemit has joined hands with the TRON Foundation. Although it has not been labelled as an acquisition, it seems that is the aim of TRON.

Medium post, on Friday, Feb 14 was published by TRON, stating –

“TRON and Steemit’s development teams will immediately begin working together to bring Steemit and other Steem blockchain-based DApps to TRON blockchain and its community of over 20 million users, products, and services. “

In Future, Steem’s primary blogging app (Steemit) and the Steem token will shift to TRON soon, along with DApps which are Steem-based, It’s still not particularly evident whether it’s a voluntary migration, or whether the Steem blockchain would carry on existing in its current state.

The news alters Steemit’s image too, Dan Larimer, created both Steemit and EOS, but they were never officially related. In people’s mind, however, they were interlinked, if Trons manages to transform Steem’s image, that perception might perish.

Steem has lots of things to offer. It supports some popular Dapps, but its main standout feature is its cryptocurrency-incentivized blogging app.

Its most in-demand apps are DTUBE and APPICS. DTUBE is a tinge-similar to Youtube, while APPICS shares similarities with Instagram. Its trading game Steem Monsters stays in demand too.

Provided that all Steem DApps move to Tron, it would add 100 more DApps to Tron’s current number which is 700. It’s 20 million users will increase by 1 million too in the process, although the daily count of both the platforms is less in practical terms.

The company is also willing to promote Steem’s adoption. A STEEM token giveaway would be provided to allure customers, and an accelerator program is in line to encourage DApp development.

Tron Keeps on Increasing Its Horizon

TRON has comprehensively built its status as an acquirer of other high-profile projects. The most eminent and lionized acquisition was probably of BitTorrent, which was followed by the launch of BitTorrent Token and projects related to it, in 2018.

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Zain Raza
Zain Raza

Zain is a fervid fan of bitcoin and has been meticulously covering the field for a fair amount of time now. An aficionado of Spider man, Liverpool and Slim Shady.