Wednesday, February 24, 2021

Justin Sun Taunts Vitalik Buterin over His Support for Steem Hard Fork

The CEO and founder of Tron (TRX), Justin Sun has recently responded to a tweet shared by the co-founder of Ethereum (ETH) Vitalik Buterin to reveal his support for the hard fork planned by the Steem community members.

In the tweet, Vitalik Buterin shared his support for the Steem community that is planning a hard fork to avoid being bought and controlled by Justin Sun.

Vitalik Buterin wrote this, “This seems like a potential positive watershed moment in the history of blockchain governance. If Hive (the fork) overtakes Steem it would be a strong demonstration that the community is in charge and cannot be bought.”

Justin Sun Responds

In response to the trending tweet, Justin Sun imagined the possibility of Ethereum Classic overtaking Ethereum, which he said would strongly demonstrate that decentralization and immutable quality of blockchain matters.

“I am watching closely if Ethereum Classic overtakes Ethereum it would be a strong demonstration that decentralization and immutable quality of the blockchain really matters.”

Binance and Huobi to Support Steem Blockchain Hard Fork

Two prominent cryptocurrency exchanges, Binance and Huobi, have revealed that they will support the planned hard fork of Steem blockchain, which is expected to result in the new Hive network.

At the time of the announcement, STEEM token was impacted positively in terms of price, with a relatively 200% price increase in spite of the devastating market situation.

According to Binance, it will support the hard fork and will distribute the new hive tokens to STEEM holders in ratio 1:1.

In this regard, the exchange scheduled the suspension of deposits and withdrawals and reopen after the hard fork is concluded. Huobi also announced its support for the hard fork in line with the Binance exchange’s decision.

This hard fork is specifically planned by the Steem community members in the quest to remove Justin Sun’s Steemit Inc. from the group.

Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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