Steem Hard Fork in approximately
Current Block at #
On Tue, 27 August 2019 15:00:00 UTC, the Steem blockchain will undergo a network upgrade in the form of a hard fork. This is the 21st hard fork, thereby coined the term Steem Hardfork 21 (or Steem HF21).
An On-chain decentralized autonomous organization (DAO) will be introduced as a form of Steem Proposal System (SPS). Users on the Steem blockchain will be able to submit proposals for funding and vote on proposals that are funded. A governance system like this strive to make the Steem blockchain more inclusive.
There will be changes to the economics of Steem reward distribution. Mainly, post payouts now factor in the distribution of votes, this encourages stakeholders to distribute their votes to more content.
Good news for curators as the curation reward will increase from 25% to 50%
A separate Downvote Pool allows users to downvote posts and comments without affecting their voting power.
As a Steem user, you do not need to do anything during Steem hard fork 21. Expect changes and potential downtime in some Steem Dapps as nodes are upgrading.
Make sure to check if the witnesses you’ve voted have upgraded to version 0.21.0, CoinGecko is a witness node on Steem and we are committed to upgrading our node seamlessly.
Steem trading should not be affected. Users may deposit and withdraw steem from exchanges as usual.
To learn more about the changes that are coming to Steem HF21, visit here