Steemit, the first and largest blockchain-based social network, today announced the launch of a new cryptographic product that will link the website with seamless content hosting, consumer base, and seamless development opportunities.

This fall, Steemit will release new software that allows top publications, major publishers, and social media platforms to create authentic tokens based on Steem blockchain, allowing companies to integrate token systems and customizable token codes into websites, portals, or their platforms.

This protocol allows one to launch Smart Media Tokens (TPS) for their websites, apps, or communities, from The New York Times to Subreddits to independent WordPress blogs, with the potential to create transaction revenue in a way that is paid and subscriptions continue. up short TPS is designed to reward publishers and consumers with original tokens based on their contributions to the platform, based on likes, sounds, views, stocks and comments.

Steemit CEO Ned Scott said:

"Print dying, ad integration inefficient, disruptive and generally undesirable by consumers, all of which lead to widespread battles to make money.SMT represents a new frontier of tokenized Internet.We will see original tokens on thousands of mainstream websites where content is curated by people many, and publications and content hosts can create custom revenue streams to allow richer and smarter content to be targeted directly to the user base. "

SMT will be the original protocol in Steem Blockchain, one of the most scalable and most efficient blocks in the industry, allowing content publishers to resize to implement revolutionary new revenue models based on consumer engagement and interaction. The Steem Blockchain is faster and bigger than Bitcoin and Ethereal blockade.

It has a 3-second block time at zero cost (a feature that SMT will have) and quickly processes the large number of micro transactions required for media entities around the world. TPS may be run by any publisher without changing the infrastructure or functionality of any website. This marks a significant step towards bringing blockchain and cryptocurrency to the mainstream media in an accessible and reachable way, breaking down barriers to entering the fastest growing industry in fintech, while creating a mutually beneficial bridge between consumers, content, and media revenue.

Scott added:

"Steemit represents the future of the internet and SMT is how we will deliver this immune future to many other websites. Every website, application, community or union will be able to launch one of these tokens and integrate with various web interfaces in a matter of seconds. This will be the easiest, most inexpensive, safe and most important way I can monetize to launch your own coin, fundraising for an organization, growing your community, and generating revenue for your company. "

Steemit has experienced exponential growth since it was launched in May 2016, with hundreds of thousands of users on the platform.