"STEEM is crazy", on the afternoon of March 19, the screenshots of STEEM's daily increase have been swiped in the major coin speculation groups.
According to the Bituniverse market, at around 1:00 pm on March 19, STEEM was suddenly boosted, and it once rose to a new high of 0.51USDT this year. .
The reason why STEEM has come out of the independent market in a difficult environment is actually driven by the news of the hard fork released by the Steem community yesterday.
On March 18th, Steem, a decentralized content platform that has just staged a "power grab" drama, in order to completely separate the Steem community from the Tron Foundation, the Steem community announced that it will carry out a hard fork on March 20 (tomorrow), and Create a new chain Hive. After the announcement, Sun Yuchen's former "allies" Binance and Huobi also announced their support for the Steem hard fork.
According to Odaily's previous reports"Steem Warning: Will Exchanges Misappropriate User Assets and Control Public Chain Governance? ", After TRON completed the acquisition of Steem, members of the Steem community worried that TRON would retaliate against it, so they requested a soft fork to maintain the status quo and long-term development of the Steem community. Some people interpreted the Steem soft fork as limiting Justin Sun’s Voting rights.
Afterwards, in order to maintain his control over the Steem community, Justin Sun joined forces with Binance and Huobi to reverse the hard fork of the Steem community.
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The battle for the TOP20 witness seat is gradually becoming clear
After Binance and Huobi canceled their voting rights on Steem, the Steem community began to compete with Justin Sun for the TOP20 witness seats, and successfully regained 7 seats on March 4.
At this time, the Steem community has reached a stalemate with Sun Yuchen with 7 seats. Since the tokens of the power up of the two exchanges Huobi-withdrawal and Binance-hot are still locked, if Sun Yuchen hopes to pass hard For the fork to power down the token locked by the exchange, it needs to obtain the support of at least 17 witnesses.
On March 9th, both Huobi and Binance completed the redemption of STEEM by lowering the rights, withdrawing a total of nearly 40 million votes.
At the same time, Justin Sun wrote to the Steem community again, hoping to settle the dispute through peaceful communication with the community. Justin Sun said: “Due to poor information and misunderstandings, the only thing we can do now is to actively communicate with each other, reach a consensus, and propose feasible solutions.” However, Justin Sun also said that he has not given up on letting Steem land on more exchanges .
However, the Steem community did not buy into Justin Sun's belated "peaceful evolution". One of the largest holders of STEEM @TheycallmeDan (and Dan Notestein, the founder of Blocktrades, an important Steem verification node) responded to his open letter, pointing out that if Justin Sun really wants to communicate with the community For communication, you need to apologize to the community and withdraw the previous "hacking" rhetoric, instead of just throwing the blame on "newcomers, there is a lack of information in communication".
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Steem Community TOP20 Witness List
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Binance and Huobi Announce Support for Steem Hard Fork
At this time, Sun Yuchen, who had already lost power, began to create public opinion for himself in public.
In an AMA, Justin Sun strongly accused some witnesses in the Steem community: "In this incident, some witnesses forcibly carried out a soft fork while concealing the Steem official, and maliciously hidden the hard fork code in it, freezing Taking over the officially owned STEEM is a malicious violation of private property rights and the spirit of the blockchain. The countermeasures taken by TRON are completely in line with the DPoS mechanism and have saved the investment of STEEM token holders, developers, and community members , protecting our own property, in line with our original intention."
Facing Sun Yuchen's accusation, the Steem community did not respond, but directly gave Sun Yuchen a punch.
On March 18, the Steem community announced that in order to completely separate the Steem community from the Tron Foundation, Steem will undergo a hard fork on March 20 (tomorrow) and create a new chain, Hive.
On the same day, Binance announced that it will support the Steem hard fork initiated by the Hive team, and will suspend STEEM deposits and withdrawals at 21:30 on March 20 (Hong Kong time). ) position snapshot, HIVE tokens will be issued in the same proportion.
Immediately afterwards, Huobi also issued an announcement announcing support for the Steem hard fork upgrade. It also suspended the deposit and withdrawal of STEEM at 21:30 (GMT+8) on March 20, 2020. After receiving HIVE, it will follow the 1 The proportion of STEEM=1 HIVE will be issued.
Driven by the news of the Steem hard fork, the market pushed up STEEM's short-term surge this afternoon. The price of STEEM once broke through the 2020 high of 0.51USDT.
Dan Notestein, one of the Steem hard fork proposers, said, "Sun Yuchen thinks this is a voting war. He doesn't understand the potential value of these tokens is the community. In the end, if there are not enough people supporting these tokens, they will become Worthless."
It is reported that after the hard fork, except for the Steem wallet controlled by the TRON Foundation, other wallet addresses will receive new tokens equal to the amount of Steem held at the time of the snapshot.
That is to say, since the Steem wallet controlled by the Tron Foundation cannot be mapped on the new chain Hive, and the new currency HIVE cannot be obtained, once the Steem hard fork is successful on March 20, Justin Sun will completely lose the right to vote in the Steem community .
Odaily will continue to track the latest developments in this incident.
