RATE Group | Steem Successfully Forks Creating “Hive” Blockchain
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Steem Successfully Forks Creating “Hive” Blockchain

21 Mar Steem Successfully Forks Creating “Hive” Blockchain

Posted at 04:56h in Cryptocurrency News by

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Steem successfully forked, creating the new “Hive” blockchain. Leaders of the Steem community orchestrated the move to expel Justin Sun and his recently acquired Steemit Inc.

New Hive Blockchain Goes Live

The Steem community implemented a hard fork to push out Tron CEO Justin Sun after he executed a takeover of the social media network. The new fork, dubbed “Hive,” will focus on decentralization and run independently of the existing chain.

“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,” said the announcement.

How the Hive and Steem Differ

Over 30 developers are contributing to the new ecosystem. Hive has ambitious goals to fill the role previously occupied by Steemit Inc. The new project aims to accelerate the pace of development and enabling communication around the community while making the platform easy to use.

One of the…

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