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You are here: Home / Archives for STEEM

STEEM

Splinterlands Makes the Move from Steem to Hive; Shift Comes Right after Tron Acquisition

June 5, 2020 by Akash Anand

The cryptocurrency market is not without its share of disputes over major blockchains having their own clashes and issues. At the center of the latest movement is the Tron Foundation and Splinterlands, the most popular Dapp on the Steem blockchain.

According to recent reports, Splinterlands has moved to Steem ‘s rival blockchain Hive. This move came after Justin Sun had just founded Tron, who had recently acquired Steemit. Splinterlands is one of several Dapps part of an exodus to Steem’s fork blockchain.

The move of the Splinterlands has created quite a ruckus in the Tron blockchain, with several Tronics calling it out. Splinterlands, on their part, were quite ecstatic about the shift and even tweeted “Rejoice Splinterlandians!” Over the last few months, the Dapp has been quite a performer with a daily active wallet count of 4750. Even when the numbers were calculated on June 2, the number of unique wallets rose to 4829.

The trust in the Dapp was enough to show its developers that the community was still with them. Hive,  the fork of Steem has also benefited from migration in many ways. It was seen that on the day Splinterlands moved to the Hive blockchain, a whopping 16 per cent more traffic than Steem was recorded. According to market analysis, Splinterlands has also become the single most popular Dapp on the state of Dapps and DappRadar, two of the most popular Dapp metric counters.

Splinterlands’ announcement read:

“On Monday, June 1st, 2020 the Splinterlands game is planning to switch to the Hive blockchain as the blockchain of record for all game-related transactions. This is a very important transition for the game and not something we take lightly, but we feel that it is necessary to ensure the best possible future for the project and that it is in the best interest of our players and stakeholders.”

Sources from the Dapp made it clear that they did not take any sides within the community and only wanted what was best for the organization as a whole. Officials also reassured users that all Splinterlands assets will be completely safe and unaffected, giving a huge reprieve to all those involved in the project.

Filed Under: Altcoin News, Tron News Tagged With: Hive, news, STEEM, steemit, TRON (TRX)

Exchange Giants Binance Back Justin Sun’s Steem Hard Fork 0.23

May 25, 2020 by Arnold Kirimi

Although cryptocurrency exchange giants Binance had initially claimed to assume an opposing stance in Justin Sun’s controversial Steem hard fork, the firm announced on May 23 that it will honor its obligations.  The exchange stated that it will synchronize its network up to the Steem hardfork 0.23. The fork confiscated and voided more than $5 million worth of Steem owned by some of the community members who had earlier opposed Justin Sun’s takeover of Steemit.

Sun recently purchased the blockchain based social network. However, he enraged the Steemit community to the extent that they enacted a hardfork to Hive, a duplicate of Steemit. Justin Sun and his supporters were not allowed the free HIVE airdrop tokens. The disputed Justin Sun Steem hardfork 0.23 attacked those accounts that took part in the Hive token airdrop. 

TLDR: we try to stay neutral, but some situations force us to have "an opinion".

We are totally against zero-ing other people assets. That's not what blockchain is about. https://t.co/L7cZDsuUfI

— CZ Binance 🔶🔶🔶 (@cz_binance) May 23, 2020

Exchange Giants Binance Initially Opposed Steem hardfork

According to yesterday’s announcement, Binance claimed that it refuted its support when it was originally apprised of the hard fork earlier this month. Moreover, the exchange highlighted that they were not in support of Sun draining the wallets of the rebels, as it is not what blockchain stands for. The exchange wrote:

“We do not condone this type of behavior and believe that blockchains should not be used as a tool for censorship or editing user balances.”

Nevertheless, the crypto exchange firm has reversed its initial stance and will synchronize its network up to Steem 0.23. The exchange firm stated that its reason to back the hardfork was because its users were unable to transact on Steem with Binance opposing the hardfork. The announcement noted that its opposition of the hardfork was unfavorable to its users who hold STEEM.

Steam Rises in The Battle for STEEM

Back in March, the TRON founder purchased Steemit, giving access to STEEM tokens worth in excess of $12 million; which were initially owned by its creator Ned Scott. With the STEEM tokens at his disposal, Sun could use it to dominate Steemit. As a result, the Steemit community voted to deny Justin Sun from gaining the funds; as they did not entrust him with that authority.

Annoyed by the action, Justin Sun utilized his monetary superiority and his connections at exchanges such as Huobi and Binance to enact a hardfork that reinstated his access to the founder’s share. This resulted in many members of the Steemit community departing to form a replica of Steemit, called the Hive 

Filed Under: Industry Tagged With: Binance, Hive, Justin Sun, STEEM, steemit, TRON (TRX)

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