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Steem Moves To Limit Justin Sun's Power After He Bought Steemit

Ramsey Baker

Summary: The people in charge of the Steem blockchain has performed a reversible soft fork Sunday, which stopped one of the biggest piles of tokens from voting. This move comes just a few days after Justin Sun’s Tron Foundation purchased Steemit, the blockchain’s most prominent app. According to a blog post from the fork explains that ...

The people in charge of the Steem blockchain has performed a reversible soft fork Sunday, which stopped one of the biggest piles of tokens from voting. This move comes just a few days after Justin Sun’s Tron Foundation purchased Steemit, the blockchain’s most prominent app.

According to a blog post from the fork explains that the potential involvement of a well-resourced entity is exciting. But the authors believe that in the early stages security is the most important task for witnesses. This is why a temporary protective protocol has been updated to keep the status quo currently established in regards to Steemit Inc's stake and its intended usage.

By Ramsey Baker

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Link: Steem Moves To Limit Justin Sun's Power After He Bought Steemit   [Copy]
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