Hello Steemians,
Today continues the daily countdown to HardFork 21. Which some are calling the transition from Old Steem to New Steem because of the many changes. Please check out the Twitter Feed for Coindesk and retweet this tweet to help spread the news about Steem!
I also want to show some appreciation to @coingecko for creating a countdown banner webpage and making it easy for you to promote Steem by sharing this news with your social media contacts by creating links to all major social media vehicles on that page!
@coingecko is also a witness.
The synopsis:
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).
What changes are coming to Steem after Hardfork 21?
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.
What do you need to do?
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.
Conclusion:
The counter is really cool looking and the links to all the social media sites is a cool idea. I like how CoinGecko is making this a media event to increase awareness and interest in the Steem blockchain. The counter reminds me of end of the year festivities and the ball drop in New York’s Time Square. The synopsis is pretty good and fairly informative. They thought of things I hadn’t though of like warning people to watch out for scammers telling them to move their coins to certain wallets during the HardFork as a way to steal peoples coins. I think that is very helpful. CoinGecko runs a witness node, so I plan to vote for them.
✍️ By Shortsegments
What is RealityHubs.com about?
RealityHubs is a social media platform where everyone gets rewarded for sharing their perspectives on products, nature, photographs, and other visuals. You can earn by creating and curating contents. Reality (RHB) token is used in rewarding content on Realityhubs.com.
If your interests include any visual art projects like photography, nature or other visual products you should check out this new community, which involves sharing what we do every day with our cars, phones, watches, clothes, shoes, foods, etc.
The Steemians @knowleges wrote an introductory post for the community.
You can read about it in this post Here! .
Have You heard about Steemleo? community for investors or people who want to learn about investing!**
Read More Below
Click here for more information