In an attempt to overturn TRON Justin Sun's attempted hostile take-over, the Steem community members have opted to fork the Steem blockchain to create a new blockchain called Hive. This new blockchain is expected to go live on Friday at 10 am EST, March 20th, 2020.
In a seemingly exciting announcement posted on Steempeak, the community expressed their joy for a successful move to a more decentralized system and a return to their shared values of the true Steem community.
What is Hive Blockchain?
"Hive is a Delegated Proof of Stake (DPOS) governance blockchain created by implementing a hard fork of existing Steem code."
The intention of this community-driven fork is to support and build on the strong Steem community values that have made our ecosystem so diverse and exciting.
This new direction steps away from the burden of the Steemit Inc. ninja-mined stake, which has impacted the long term ability to work towards further development and decentralization for years.
The new blockchain is backed by a handful of talented and committed developers within the community eager to implemented the long-desired improvements and development goals.
Hive Vs. Steem
Hive will be a fork of the existing Steem blockchain and will run independently of Steem going forward and all Steem holders are expected to get an airdrop of the new coins on the Hive blockchain.
The community members reinstated their commitment to take responsibility for building something far better than it's parent blockchain -Steem.
However, according to the statement, the