Steemit Exceeds 100K Users, Plans to Expand Saving Steemit

Blockchain-based social network, Steemit, recently hit 100K users within its first 5 months of operation. It has also acquired 500K monthly unique visitors from all over the world with its unique blogging platform that rewards contributors.
Steemit growth similar to Reddit
Ever since Steemit launched in summer, 2016, it has gained a lot of popularity by its bloggers and curators while in beta with its goal to “redefine social media.” This is mostly due to Steemit’s popular system of rewarding people for voting and posting content on the platform with its own coin, Steem.
Some are even comparing the Steemit stats to those of Facebook and Reddit which gained a million users and millions of visits within their first year with similar growth patterns despite its competitors preparing to enter the decentralized media network market such as Synereo and Yours.
Steemit looks to Steem
Steemit itself will be continuing with Steem despite low prices due to the fact that it offers free transactions and text storing benefits. On the other hand, Yours, a close rival of Steemit will be using Bitcoin for its vast supported software, APIs and recently announced its Lightning integration for micropayments.
According to Scott, there is still a lot to do on Steemit’s user experience and since they are paying a lot of attention to mainstream users’ needs, they are remaining in beta into 2017 as well.