Steemit, Inc. Blockchain Roadmap and Cost Reductions

Dear Steemians,

Since the announcement of our reorganization last week we have been hard at work implementing the quickest and most effective cost reduction methods including, but not limited to: optimizing S3 storage, new caching and CDN strategies for images, automating on-demand spinup/spindown of staging/dev environments, analysis of EC2 instance types, investigating further usage of spot instances, de-coupling of any unnecessary services, and improving the efficiency of the image hosting service. At the same time we are refining our longer-term cost reduction strategies.

Below you will find a spreadsheet outlining the different cost saving measures as well as their status, project owner, timeframe, and more.

Once RocksDB is fully scoped and specced, which will be completed tomorrow, we will have fully scoped and specced development of either a simple Token system for Transfers and Issuances and SMT development with a reduced scope. In our initial, raw estimations, it looks as though either course would take equal amounts of time. Our estimates should become more accurate over the next two days.

I will be doing a livestream and discussing these topics and your questions this Thursday. See my next post for submitting your questions.

Best regards,
Ned