Steem Executes Soft Fork, Freezing Over $3 Million Worth of Tokens

The development stemmed from the friction between the Steem and Hive communities. In a recent Steemit publication on April 4, an unnamed person suggested the “Softfork 0.22.888” as a way to prevent previous witnesses who “threatened the stability of the Steem Blockchain while running a hostile Hardfork version on Steem, still being Top witnesses.”

The soft fork has frozen about 20 accounts of former witnesses. Altogether, these accounts held 17.6 million STEEM, which is worth nearly $3.2 million and represents almost 5% of the enter STEEM supply.

Image Credits: Pixabay

Leave a Reply

Your email address will not be published.