Steemit, a young start-up blockchain that is developing an alternative to Reddit, has a new leader less than two months after firing most of its workforce as part of cost-cutting measures. Celebrated as a first success in the world of cryptography, the company fired 70% of its employees in November because of "cryptographic winter," which saw the price of Bitcoin, Ethereum and other crypto-currencies fall about 90%. Steemit is far from the only start-up blockchain forced to restructure. His reconstruction plans are now in the hands of the new executive director, Elizabeth Powell. A former corporate communications and advocacy officer,
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