Steemit blockchain hard fork update approaching fast

Steem blockchain hard fork update would be rolled out on the 27th of August 27, 2019, for its 21st hard fork.

The blockchain developed by Steemit focuses on supporting social media networks and now plans to go even further in the quality of service it provides. The developers plan on upgrading the system in the next hard fork.

Steemit plans on integrating a Worker Proposal System in the network to allow it to fund self-development. Moreover, the economic system will be changed to reduce the influence of bots and lower the incentive for self-vote.

Steemit blockchain hard fork update details

The worker proposal system dubbed as Steem Proposal System will enable users to openly declare what they are willing to do for the payment in the Steem Dollars (SBD). The Steem Proposal System (or Steem.DAO) unlike the original is secure and has no vulnerabilities of the original due to Steemit specific choice in the applications it provides services to.

This will also allow users to utilize their stakes for votes on decisions with the winning choices receiving direct payment from the network. The Decentralized Autonomous Organisation (DAO) will be distributing around one and a half to two million dollars ($1.5M to $2.0M) each year. Read More at Cryptopolitan...

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