Bittrex Returns STEEM Tokens Associated with the Disputed HIVE Hard Fork
As part of the continuing saga, the STEEM network conducted another hard fork yesterday. Named “New Steem,” the hard fork had two primary purposes – to reduce the power down period from 13 to 4 weeks, and to seize 23.6 million STEEM tokens from accounts and network validators affiliated with STEEM’s rebel – the HIVE blockchain.
The entire drama involves Steem and Hive, the blockchain that started as a result of several Steem members’ frustration with the network. Soon after Steemit announced its move to the TRON blockchain, a part of the Steem community formed Hive and have been working on a hard fork since then.