After the hard fork, only two trading platforms had included HIVE on their list. Now, the microblogging platform Hive competes with Steemit.

After weeks of confrontations between the Steem community and TRON CEO Justin Sun, the hard fork Hive was a success. The first version of the Hive protocol is a copy of the existing Steem blockchain, but it includes a few minor changes to increase the decentralization of the network.

In this way, the Hive microblogging platform also came to life to create content, build communities with specific interests and encourage social interaction. Among the posts that soon appeared, Vitalik Buterin shared dialogue about the hard fork and the exclusion of certain accounts during the launch of the new asset.

Last March 20th, the nodes or witnesses that supported the hard fork, proposed by the Steem Community, upgraded their software. In this way, they marked their separation from Steemit Inc., whose owner is Justin Sun.

At that time, all the users who supported the decentralization automatically had an access account to the Hive platform. Meanwhile, the accounts that supported Sun’s actions in early March continued to exist on the Steem network but did not receive information about the launch.

The community also ensured to create what they called the “Decentralized Hive Fund” (DHF), a resource pool, replacing the “ninja mining stake.” That cryptocurrency fund was the reason for the dispute between the Steem community and the TRON Foundation.

Where is Hive?

After the hard fork, some users have focused on generating content for their blogs, where many analyze the future or the historical moment that they are experiencing. However, others claimed their respective tokens, taking into account that every STEEM owner must receive HIVE in proportion to his or her balance in STEEM.

The mood has been changing after some users saw that Binance’s post supporting the hard fork and the launch of HIVE was no longer visible. Several of them made their complaints to CZ, the CEO of the exchange, who replied that Binance had never announced anything that it would not comply with.

However, virtually no exchange has listed HIVE, according to data from CoinGecko. However, Ionomy shows that some exchanges have included it, which indicates that it is just a matter of time. At the time of writing this article, Bittrex also featured on Bittrex.

A note published before the hard fork had shown the list of the exchanges that are studying the possibility of including HIVE on their platforms. Among them are Bittrex, Huobi, Binance, Probit, BlockTrades, BitThumb, GOPAX, UpBit and WazirX.

What is left of Steem?

Justin Sun’s measures continue to raise controversy in the cryptocurrency ecosystem. To many, Sun’s dispute with the Steem community represented a complete loss of value for the platform, and even for Steemit.

It is not just the value of STEEM but also value in the form of intellectual property, branding and experienced blockchain and front-end developers. All Steem developers have stopped cooperating, right after taking over the platform.

In this respect, Vitalik Buterin recently said that this seems like a potential positive moment in the history of blockchain governance. If the hard fork Hive exceeds Steem, it would demonstrate that the community is in charge and cannot be bought.

Until now, Sun has not made an official statement regarding the hard fork or about the steps that it will take with Steem in the future. However, there is a wave of comments from Steemit users who are denouncing censorship within Steemit.

By Alexander Salazar


Please enter your comment!
Please enter your name here