The STEEM network has carried out a soft fork as it looks to protect its network. The soft fork has resulted in the freezing of more than $3 million.
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 article also says that there were still several members of the forked blockchain that were deliberately spamming the Steem network and sucking it dry. The post says that the soft fork was needed because the leadership of the forked blockchain has not publicly said that their intentions are not to jeopardize the Steem network.
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.
The publication then says that this is one of Steem’s most challenging times since inception.
“We are at an extremely difficult time in the history of Steem, and the power of communities are the key to make Steem great again. We’re still here and stand out to protect Steem.”
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