Wikipedia Excerpt
Steemit is a social news service which runs a blogging and social networking website on top of a novel blockchain database, known as Steem.
== History ==
The project was founded in 2016 by Ned Scott and Dan Larimer, creator of BitShares. The two are founders of the Steemit Inc. company which runs the Steemit website and funds ongoing development of the platform.
== Concept ==
The idea was described in a whitepaper released in March 2016.
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