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TRON vs. Steem: Community announces hard fork for Friday

  • The conflict between the TRON Foundation around Justin Sun and the Steem community continues to intensify.
  • A group within the Steem community has developed the Hive blockchain and will conduct a hard fork of the Steem blockchain this Friday, March 20th.

The Justin Sun vs. the Steem community saga enters the next round. Since Sun announced the acquisition of Steemit Inc. about a month ago, the Steem community is boiling over. Recently, the dispute between the two parties escalated when the Steem community tried to activate a soft fork that tried to deprive Justin Sun, TRON CEO, of the ownership of an estimated 20% of all Steem tokens that were pre-mined by Steemit Inc.

To prevent the soft fork, Sun took advantage of its relationships with several major exchanges whereby they voted for TRON related accounts as witnesses in the Delegated Proof of Stake (DPoS). Sun thus ousted the previous block producers elected by the Steem community. As Sun explained, he thus prevented “a malicious attack” and the theft of his Steem tokens “by hackers”.

Now the Steem community has hatched a new plan that will culminate in a hard fork of the Steem blockchain. The Steem community is essentially planning to move the current platform to a new blockchain to orphan the Sun-controlled blockchain. According to an announcement by the Steem community, Hive.io will host the forked version of the platform.

The blog post states that Hive was created by a large group of members of the Steem community:

Hive is a passionate effort, created by a large group of Steem community members who have long looked to move towards true decentralization and to help develop the code base. The years of distribution issues and reliance on a central entity for code and infrastructure has been at the heart of a revolution of sorts, and the new Hive blockchain is the culmination of stepping up […]

This new direction steps away from the burden of the Steemit Inc. ninja-mined stake, which has impacted the long term ability to work towards further development and decentralization for years.

Hive will be a hard fork of the Steem Blockchain and will run independently of the existing Steem blockchain. At launch, Hive will be a direct copy of the existing blockchain with a few minor upgrades. All valid accounts on the Steem blockchain will receive an airdrop of Hive tokens. Blocktrades, a central personality behind the hard fork, added on Steemit:

Before long, we will launch a new coin that is essentially a re-branded hardfork of Steem, airdropped on all Steemians, without airdropping to the Steemit stake. This new chain will maintain all our collected posts and our transaction info and will support all the same Dapps we’ve come to know and love.

However, the big question seems to be whether the vast majority of the Steem community is accepting the proposal, even though the blog post by Blocktrades has received a lot of support. A decision on this will already be made this Friday. Then the hard fork is planned.

At the time of writing Justin Sun has not yet commented on the hard fork. So it remains to be seen how TRON will react and how the TRON-Steem saga will develop.

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About Author

Jake Simmons

Jake Simmons has been a crypto enthusiast since 2016, and since hearing about Bitcoin and blockchain technology, he's been involved with the subject every day. Beyond cryptocurrencies, Jake studied computer science and worked for 2 years for a startup in the blockchain sector. At CNF he is responsible for technical issues. His goal is to make the world aware of cryptocurrencies in a simple and understandable way.

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