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Author Topic: Steem HardFork 20  (Read 2052 times)

Offline junebride

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Steem HardFork 20
« on: August 11, 2018, 02:11:26 PM »
hellow guys! I am sharing here an information about Steem's Harfork20!



Hardfork20 is coming its way to Steemit and I'm hoping this will help us average users understand more about this significant change in the platform. In case I missed some of the important changes, feel free to comment to so I can add it in this post. Steem On! Please tag others.

- Steem Hardfork 20 is scheduled to take effect on Tuesday, September 25 at 11:00 EST. It's 11:00 P.M. in the Philippines.

- Curation Window will be changed from 30 to 15 mins - allowing users who discover contents early (especially if it gets trending) gets a big chunk of curation rewards.

- You can now comment every 3 seconds (from 20 second comment cool down).

- Delegation cooldown period will be changed from 7 days to 5 days.

- We will likely be receiving SBD rewards soon because the debt ratio will be increased from 2-5% to 9-10%. Unlike now, we're receiving 100% Steem.

- Curation rewards via self-voting(which happens when a user immediately upvotes his post) cannot be claimed anymore . Instead it gets back to the rewards pool - thereby increasing the overall percentage of rewards paid to curators.

- You can no longer create accounts using delegation (e.g. using [steeminvite](https://www.steeminvite.com)).

A little bit technical changes

- Dust votes (votes that are extremely weak, having close to zero vote value) will be rejected by the blockchain. However, votes can still be made but your Resource Credits gets compromised (be careful with this).

- Account Creation (instant) will be more likely be 3.0 Steem but it will be burned via @null account which means new accounts will have 0 Steem Power but can still interact in Steemit by the Resource Credits they get equivalent to 3 Steem.

- Bandwidth system will be changed to Resource Credits system (RC) which means in every transaction (upvote, comment, post, resteem, transfers, etc.) is made by an account, our Resource Credit decreases (the same as our Bandwidth). Our amount of RC depends on the Stake we have in the platform (in the form of Steem Power). RC replenishes over time.

- Resource Credits is better than bandwidth system because 1.) It provides a better user experience for new users as this will solve their woes in terms of preventing them from interacting in the platform(they can now engage more in their early stage). 2.) It is technically efficient (in estimation and computation) in calculating the **"true cost"** of a transaction. 3.) RCs will be helpful in creating discounted accounts.

Information credits:
https://steemit.com/hf20/@jassennessaj/a-summary-of-the-important-changes-with-hardfork-20-for-us-average-users
https://steemit.com/steem/@steemitblog/steem-velocity-hardfork-hardfork-20
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Steem HardFork 20
« on: August 11, 2018, 02:11:26 PM »

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Offline poshare

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Re: Steem HardFork 20
« Reply #1 on: August 28, 2018, 03:00:09 PM »
Quite useful information, thanks for sharing this. The changes are really significant. Hope Steemit getting better.

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Offline cryptoanarch

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Re: Steem HardFork 20
« Reply #2 on: September 13, 2018, 11:14:37 AM »
And what will become with delegated Steem Power in new accounts?
How much Steem Power will be considered to "Dust votes". If I create new account and get delegated SP (~15), my votes won't count?

Offline densuj

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Re: Steem HardFork 20
« Reply #3 on: September 24, 2018, 09:22:02 AM »
This is a hard fork release. The primary changes in this release are to the account creation and voting power systems and the addition of the resource credit system.

Steem 0.20.2 is built on top of the Appbase architectural changes released in Steem 0.19.10. If you are not familiar with the changes introduced in that release, we strongly recommend you read those release notes as well.

Steem 0.20.2 usurps 0.20.1 as the official release for Steem Velocity and contains some changes to how the RC system will behave at the time of the hardfork to create a better user experience. Check this for the detail of information https://github.com/steemit/steem/releases/tag/v0.20.2

Offline cryptoanarch

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Re: Steem HardFork 20
« Reply #4 on: September 26, 2018, 12:12:49 AM »
Congratulations with Hardfork20. Who can tell about changes? Positive/Negative no matter. Share please )))

Offline bdamenaakter

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Re: Steem HardFork 20
« Reply #5 on: October 02, 2018, 09:40:33 PM »
Is Steem even a relevant cryptocurrency anymore? I thought a ton of people used it, got paid, and then left it for good?

In any case, I'd avoid shitcoins like Steem and any 'leakage' which you've found related to advice on buying it up. Number one, I highly doubt you found anything and you're just trying to get people to buy into Steem so you -- or whoever you're working for is to make a pretty penny when people were given falsified information and made a horrible investing decision.

Avoid shitcoins and just invest in Bitcoin, whatever you said is worthless anyway.

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Re: Steem HardFork 20
« Reply #6 on: October 08, 2018, 03:25:24 AM »
For hard disk problems, I just saw it in this thread and I also don't understand much about Steem.
I entered the Steem forum section when I saw in the telegram group listed there is Mainnet Release.

Ref : https://web.telegram.org/#/im?p=@tradingcryptocoach --->>> Message at 7 October 2018
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Re: Steem HardFork 20
« Reply #6 on: October 08, 2018, 03:25:24 AM »


 

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