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.”
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.
See also: https://t.co/v2KaORlcp2
/me watches closely https://t.co/eXwHajKJrg
— vitalik.eth (@VitalikButerin) March 19, 2020
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.”
— Justin Sun (@justinsuntron) March 19, 2020
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.