Blockchain Steem successfully forked, the new project called Hive is gaining popularity, the value of Hive's token even surpassed that of Steemit.

Steem Blockchain's fork , Hive , is gaining popularity and even beating its predecessor.

As a last effort in the battle against Justin Sun's community Steemit it carried out a hard fork (hard fork) of Blockchain of Steem launching a new project called Hive.io . On March 20, the Blockchain Hive was launched , after a long dispute between the social platform community and the founder of TRON .

On February 14 the Foundation TRON , Justin Sun acquired the Blockchain of Steem , including all applications support network. Among them: the popular social network Steemit . Since then, a battle ensued between the Steemit community and Justin Sun to define who was really in control of the platform.

Given the mistrust of Justin Sun's actions and his handling of the platform, the Steemit community attempted, in early March, to direct a soft fork to protect the network. However, these actions were stopped by Sun, who, in alliance with major exchanges , displaced the main validators to take control of the network.

Hive gains popularity

Now, after several actions to regain control and restore network decentralization, community Steemit is giving welcome Hive.io . A little over a week since the launch of the new Blockchain , the token of Hive has more value than token STEEM .

According to CoinGecko data , as of March 27, the value of the HIVE coin has peaked since its launch of $ 0.32. On the same day, the STEEM token was trading at $ 0.16. In fact, for the time of launch, the token of Hive already had significant community support Steemit and was valued at USD $ 0.17.

Prior to the launch of the project Hive , the token of Steem also recorded a significant increase that was produced by different ads around the project. For March 19, as reported by DiarioBitcoin , the STEEM coin registered a 70% increase in value. A surge that came shortly after crypto exchanges Binance and Huobi announced their endorsement of the Steemit community-led hard fork .

At the time of writing this article, despite the market showing a slight drop, the value of HIVE (USD $ 0.19) exceeds that of STEEM (USD $ 0.13). However, despite Hive's advantage over Steem , the new Blockchain still has a long way to go to catch up with its predecessor in terms of cap volume.

HIVE trading volume reached just over $ 36,000 in the past 24 hours, a small figure compared to STEEM's $ 1.8 million , according to CoinGecko data .

Steemit of Tron censoring its users

As the new community-run Blockchain gains popularity, the old Steemit , run by Justin Sun, is trying to regain the trust of users left on the platform to curb the exodus. However, for many of the critical users of Sun's leadership, Steemit's moves increasingly stray from their roots of a decentralized Blockchain project .

In a recent entry blog , new members by Steemit owned by Tron , admitted they are censoring some of the publications of former users of the platform:

And yes, we added the ability to hide posts that violated steemit.com's terms of condition, those posts still exist on the blockchain but are not showing on the steemit.com website as we need to support our content and content of the community . Would any commercial website support a post that encourages all users to migrate to another? No. That would not be in the best interest of the community and the Steem ecosystem.

In fact, the terms of use of the platform have been updated and now it prohibits its users from " promoting third-party platforms or promoting each other without our written permission ".

And despite the fact that the team assured in the same statement that they will return " to put governance in the hands of the community as soon as possible ", many users remain skeptical and have criticized the measures. In a publication of Twitter , a member of said platform at the least 4,500 publications they had been BLOCKED due to the support given to the draft Hive .

What is supposed to be a decentralized social network has become dangerously centralized .

What is in store for Hive?

According to Dan Hensley, a top Steem , and now Hive , owner , some alternatives for content creators in the Steemit community are now available. Some of them are PeakD , Hive Blog and 3speak . Meanwhile, existing Steemit posts should be available in the Hive user interfaces .

To date, a large group of long - standing members of the community are moving to Hive , and major holders of tokens of steem have begun to make moves to abandon their positions.

According to Hensley, who spoke in an interview with Coindesk , the recent measure of forking Hive " is a true demonstration of how a community can not buy ."

For his part, cryptocurrency trader Brian Krogsgard, who also spoke to the outlet, noted that for the moment, he "would not give too much importance " to increasing Hive's currency . In his opinion, it would be necessary to give development time to the platform and the currency to begin to define itself.

The Steemit exodus could be causing many of the token holders to sell their holdings to buy Hive , which would explain the recent currency surge. However, it remains to be seen what the development of the project will be and what will happen for users who decide to stay on the Steemit held by Tron .