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Hive Continues Independence Push as Steem Stakeholders Migrate to New Chain

Published 03/25/2020, 12:02 PM
Updated 03/25/2020, 01:40 PM
Hive Continues Independence Push as Steem Stakeholders Migrate to New Chain

Over the past few days, the ex-Steem blockchain community has gained an upper hand over Justin Sun and his recently acquired Steemit startup. After blaming Sun for attempting to centralize their network, a substantial part of the original Steem community successfully launched a hard fork called Hive.

Steem stakeholders are now actively migrating to the new chain. Its in-house token HIVE, which has been distributed among STEEM holders via an airdrop, is trading for a 20% premium over STEEM on some exchanges. Nonetheless, the network split hasn’t been without incident, as some complaints regarding the airdrop distribution were reported.

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