STEEM PRICE INCREASES 17% WAITING FOR THE NEXT BIFURCATION OF ITS RED

The price of Steem - the encryption of the decentralized social network Steemit - increased by 16.33%, reaching $ 1.04 per unit in the last hours, an unexpected increase in the price of a market with little volatility, which could be due to to the expectations of the next bifurcation event that the network will live for tomorrow, September 25th.

According to figures from CoinMarketCap, Steem would have gone from being valued at $ 0.72 on September 14 - the lowest price of this month - to be calculated at $ 1.04 per unit in just a few hours, an increase that represents the 16.33% of the entire market.

The increase in the prices of this cryptocurrency has surprised, since the Steemit market has been characterized by having very few price changes in recent months, presenting a downward trend since December last year was able to be quoted at $ 5 dollars. unity; becoming its highest figure ever reported.

This unusual behavior of the market could be due to the fork that will be made in the blockchain of Steemit this September 25, according to the code previously incorporated by the Steemit team. According to the details of the update, the hardfork -named Velocity- will be put before a group of network witnesses, who will vote for the most convenient version for the community, executing whatever is their preference. That is to say, being able to choose between the predecessor blockchain or the new version.

Among the new elements offered by this bifurcation, it highlights that there will be changes in the pooled funds of the network, that is, in all those funds that can be carried by several groups of investors. Likewise, the update will allow new services for the creation of user accounts in the network, as well as changes in the percentage of payment by vote in the advertising of authors and curators that make life in this blockchain.

As if that were not enough, they will also introduce new services such as the expiration of the Steemit market orders, new parameters and structural changes of the network's tokens, imposing a block size limit of 2 MB for the person-to-person protocol (P2P). , they will correct faults that allow for double voting and will set time limits for making comments in the blockchain, allowing only one comment per block.

In addition to all these changes, Steemit launched a test network before the bifurcation to allow other developers to get involved in the project and make suggestions about the new updates and their functionality over time.

Steem is the cryptocurrency whose behavior has stood out in the market today with an unexpected and abrupt increase in an ecosystem where most of the cryptocurrencies have maintained little remarkable movements and without much volatility, highlighting only circumstantial increases of 6.68% in the prices of Zcash, 13.66% in the quotations of the internal market of Bytecoin and 12.69% in Ox. Likewise, there have been no major losses in the cryptocurrencies that showed a downward trend.