Steem Code has been Updated – Consensus Witness’s Statement

Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic
  • Steem has released a statement that there has been an update in its code, and this statement comes after Justin Sun’s TRON foundation acquired Steemit.
  • TRON can bring a lot beyond just marketing power, too, such as more resources and a lot of benefits to both of the companies.
  • Steem believes that it is more important to be proactive rather than risking a possibly big security threat to the whole Steem blockchain.

The statement about the update has been co-authored by the steem community, which includes witnessing, developer and stakeholder. Steem has released a statement that there has been an update in its code, and this statement comes after Justin Sun’s TRON foundation acquired Steemit.

Steem, in the official statement, that as the TRON foundation is another big player in the decentralized space, the TRON foundation has all the potential and interest to bring marketing power to the Steem ecosystem.

TRON can bring a lot beyond just marketing power, too, such as more resources and a lot of benefits to both of the companies. When we think about what will be and can be discovered by these joint efforts between the two vibrant blockchain communities, it thrills our mind.

With all the excitement by looking at all the possibilities, the security of the steem blockchain will have to be seen as an important task in the early stages. Steem said that they had updated a temporary protective protocol to maintain the status quo that has been established in regards to Steemit’s stake and intended usage.

This update has been decided to kept reversible and is simply kept this way to ensure that that decentralization and security of the Steem blockchain stay intact.

The recent news of the acquisition of Steemit, the communication on the acquisition has right now scattered and conflicting currently. But steem believes that it is more important to be proactive rather than risking a possibly big security threat to the whole Steem blockchain.

There have been many new developments in the system, and they think that this is the ideal time to take a look at one of the long term impediments to decentralization that involves the entire Steem community.

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