Steem Community Mobilizes Popular Vote in Battle With Justin Sun
The Steem community is striking back after an attempted end-around by Tron founder Justin Sun.
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.
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.
The blockchain for bloggers, Steem, is moving to Hive.io, CoinDesk has learned. The hostile hard fork is scheduled for Friday.
Tron's takeover of Steemit is part of a trend: the takeover of decentralized networks by companies that put their own interests ahead of their users.