May 19, 2020 ⋅ 2 min read
Steem network witnesses (akin to validators) are planning to execute a controversial hard fork tomorrow (May 20) that will introduce two new changes. The more palatable one will reduce the time it takes to unlock staked STEEM tokens (referred to as powering down) from thirteen weeks to just four. The second change, according to an interview with Steem witness Triple A, will aim to seize the accounts and assets of those that “pose a direct threat” to the Steem blockchain. Decrypt estimates the assets at stake total ~$5 million.
Among the 65 targeted accounts (posted earlier today) are the Steem witnesses accused of opposing Tron’s acquisition of Steemit Inc. and organizing the Hive hard fork on Mar. 20. Triple A claims these accounts continue to harass the Steem ecosystem even after splitting off by spamming the network, damaging chain stability, and publicly attacking users, thus “justifying” tomorrow’s hard fork.
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