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Please explain the hard fork

BY: @thewitchdoctor | CREATED: Oct. 1, 2018, 12:48 p.m. | VOTES: 0 | PAYOUT: $0.00 | [ VOTE ]

Hi... Could someone please link me to or give me a simple explanation to this hard fork that is all over the place right now?

1)What am I supposed to do about it
2) How does it affect me
3) What is it?

TAGS: [ #steem ] [ #hardfork ] [ #cryptocurrency ] [ #blockchain ] [ #amateur ]

Replies

@ddrfr33k | Oct. 2, 2018, 2:35 a.m. | Votes: 1 | [ VOTE ]

The witnesses that run steemit will routinely make upgrades to the Steemit system. A lot of times, these require changes to the blockchain itself. That's where the term "hard fork" comes into play. These updates usually result in a new blockchain (still called steem, and keeping all the old transactions through some voodoo that I don't understand).

For you, it doesn't matter too much on the technical level. This particular hardfork (known as HF20) changed the way users on Steemit post, comment, and upvote. In a perfect world, we wouldn't see the change unless we were flooding the blockchain with lots of upvotes, comments, and the like. But this time around, there was a bit of a fluke that caused people who had been around a long time to have no power to do anything. So it was a bit of a shit show trying to get everything stabilized. I think we're out of the woods for the most part, and it shouldn't be an issue anymore.

@thewitchdoctor | Oct. 3, 2018, 8:31 a.m. | Votes: 0 | [ VOTE ]

thank you so much ! at least I know whats going on now ! :)

@steemitboard | Aug. 22, 2019, 4:32 p.m. | Votes: 0 | [ VOTE ]

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