Yours Network’ to Use Bitcoin in Competition Against Steemit

Back in April, the lead developers of the “Yours Network,” Ryan X. Charles, Steven McKie, and Clemens Ley, releasedtheir vision to the public: a platform that places social media in the control of content creators through the power of Bitcoin.

Yours Network’ to Challenge Blockchain-Social Media Alternatives

A while back, Ryan X Charles left Reddit — where he briefly worked as the site’s Cryptocurrency Engineer — to produce the Yours Network. The goal of the project is to utilize Bitcoin to breathe new life into content creation and social interaction, such as commenting and picture sharing, by providing a financial incentive.

In an April blog post on Medium, Yours Network writer and developer Steven McKie explained:

The Yours Network team hopes that their project will fill the Bitcoin gap left by other popular networks Steemit and Synereo, which both use altcoins to monetize their platforms.

The use of altcoins has led many Bitcoin fans to dismiss these social networks altogether. The Yours Network hopes to leverage this skepticism and make their platform into a strong, bitcoin-based competitor to Steemit and Synereo.