Steemit, a decentralized sharing system, lays of 70% of staff46.82

Steemit, a distributed app designed to reward content creators, has laid of 70% of their 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 of the Steemit blockchain and slowly the dependence on Amazon AWS instances.

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