Why Hive is Formed??? Copy of Steemit Blockchain


Hello, Friends, I hope you all are fine and doing a great job

Moving From Steemit To Hive Blockchain.


src

What is Steemit?

Steemit is powered by blockchain technology and uses a new cryptocurrency to reward users who upload articles, images, commentary, etc. Another way users can get paid is through sourcing and up-voting popular content know as curator rewards. Now the steemians with high steem power have more advantages now the ratio of the curator and Author rewards are 50/50% of the post. steemit is the place for earning and social blogging and our work is appreciated here by the other peoples here and can make some real money.

Witnesses Dispute

In these three years, I learned a lot about cryptocurrencies and decentralized platforms but now recently everyone knows that the Ned sold the Steemit Inc to Justin sun who is the owner of the Tron cryptocurrency. At that time I was happy that the steem is now in the hand of a person who knows how to defend what is yours. He was not like the ned who don't even speak about the steem a bit and most of the new users don't know who is the owner of the steem until he sold Steemit Inc Justin sun.
After that Justin try to occupy the steem by creating new fake witnesses and try to replace the community witnesses just for some soft fork. Community witnesses try very hard to get there position back in witnesses category and they achieved their position with the help of community but they know that now steemit is now decentralized anymore.

Decentralization
Decentralization is the process by which the activities of an organization, particularly those regarding planning and decision making, are distributed or delegated away from a central, authoritative location or group. A decentralized system is one which requires multiple parties to make their own independent decisions" In such a decentralized system, there is no single centralized authority that makes decisions on behalf of all the parties
but when Justin tries to occupy steemit the witnesses and the community member took it as a tread to the decentralized system because Justin wants to make all the decisions by it's now. Then the Hive birth takes place.

What is Hive?

Hive is an open-source blockchain, forged in years of development to bring Web 3.0 to the world. With a diverse community of stakeholders and without controlling bad actors, individuals can experience true ownership in a decentralised blockchain & cryptocurrency.

Hive is an open-source social media blockchain that is forked from the Steem codebase. The origin of the Hive Blockchain came about due to certain key events in the Steem Blockchain that resulted in a number of community members to deciding to fork off the original Steem Blockchain. Hive is a copy of the Steem Blockchain at launch. All STEEM stakeholders will receive a perfectly mirrored balance of their current STEEM holdings in the new HIVE coin. This will include matching amounts of current liquid STEEM, Steem Power, and SBD. All other account state data, such as claimed accounts, delegations, etc. will be mirrored onto Hive. If a user has 10 steem, 5 SBD, 20 SP. He will receive 10 Hive, 5 HBD, 20 HP.

hive studio.jpg

Src

The key difference of Steem and Hive is that certain accounts on Steem will not be mirrored on Hive, the justification for such contrast is that the makers of Hive needed to prohibit the exceptionally disputable "ninja-mined" STEEM. Another change that is made is that a multi-day delay has been included crediting vests towards the witness and SPS votes, This is to prevent a repeat of the governance attack that was seen on the Steem Blockchain and now one can take over the hive blockchain hostile like steemit blockchain.

Hive Ecosystem

Hive has a thriving ecosystem of apps, communities & individuals, leveraging the Hive blockchain & decentralized structure.

hive ecosystem.PNG

Hive Is live Now - But what about steem and Steemit

Now, most of the steemit users moved to hive and start working on Hive Blockchain a copy of the steem blockchain form after a soft fork done by the community witnesses. Now, what will happen to steem and steemit will every user leave steemit or user keep working on both the blockchains steem and hive.
Is this the end of the steem?
According to many experienced users, it is not the end of the steem but the user on steemit can face some difficulties because of most of the experience witnesses left working on steem node and the new witnesses don't have enough experience that they can maintain the steem blockchain ecosystem like it used to be for a while. New witnesses need some time to understand how things are done.


src

Will all the steem users move to the hive?
The Answer to this question is simply No because of a lot of users thinks that the steemit is the real deal and they don't need to move on to the new blockchain hive and some people think that the Justin sun is right and these witnesses are the real bugs of the steem blockchian and they destroyed the steem blockchain by upvoting the people they like and destroying the users who stand against them. They destroyed the balance of the steemit blockchain and if they won't be here anymore steem will rise to its peak for sure.

What do you think about steem blockchain will steem survive? tell me in the comment section.


Comments 1


HIVE IS ALIVE!!!

JOIN US, YOU'LL HAVE EXACTLY THE SAME BALANCE AS YOU HAVE HERE ON STEEM WITHOUT THE CENTRALIZATION AND CENSORSHIP!!

https://hive.blog

21.03.2020 07:50
0