Hive Continues Independence Push as Steem Stakeholders Migrate to New Chain
Cointelegraph
Published Mar 25, 2020 12:02PM ET
Updated Mar 25, 2020 01:40PM ET
Over the past few days, the ex-Steem blockchain community has gained an upper hand over Justin Sun and his recently acquired Steemit startup. After blaming Sun for attempting to centralize their network, a substantial part of the original Steem community successfully launched a hard fork called Hive.
Steem stakeholders are now actively migrating to the new chain. Its in-house token HIVE, which has been distributed among STEEM holders via an airdrop, is trading for a 20% premium over STEEM on some exchanges. Nonetheless, the network split hasn’t been without incident, as some complaints regarding the airdrop distribution were reported.
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Written By: Cointelegraph
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