Steem Community Plans Hostile Hard Fork to Flee Justin Sun’s Steemit
The blockchain for bloggers, Steem, is moving to Hive.io, CoinDesk has learned. The hostile hard fork is scheduled for Friday.
The Steem hard fork nabbed the tokens of dissenting community members. Soon after, the tokens were said to have been diverted.
Witnesses on Steem have frozen eight accounts, putting a total of 17.6 million steem in limbo. It's the latest drama since March 20's Hive hard fork.
Binance is forced to "technically" support last week's hard fork of the Steem blockchain, according to the exchange's CEO, Changpeng Zhao.
It's been a week since the Hive blockchain broke off from Steem in protest. So far, the market action has been on the side of the dissidents.
The Hive hard fork is expected to go live at 14:00 UTC with the support of major exchanges Huobi and Binance.