A Beginner's Guide to Understanding What is Happening on Steem Right Now [Dtube]
Hello my steem family,
Over the last few weeks, there have been a lot of changes to the Steem ecosystem. Everything from Justin Sun acquiring Steemit inc, to the Steem Softfork, to the most recent takeover of the chain.
My DM's have literally been full since yesterday with people asking questions
and trying to understand what really happened from a technical perspective. I've also noticed from all the conversations I've been engaging with on Twitter - that there seems to be some confusion/misconceptions about what Delegated Proof of Stake (DpoS) is, and what it isn't.
I thought it would be helpful to make a beginner's guide to understanding what is going on and really try to break it down in a way that will be digestible for most. I also get into why this matters and why what has happened is not only a big deal for all DpoS chains but really for the entire crypto community.
If you have had any questions or confusion around this entire situation - then I truly hope you will find this video to helpful!
Because there is literally something new happening in the story every 5 minutes, this is less of a "catch you up to date" on the latest things, but more of a foundation of knowledge for how the Steem blockchain works, what DpOs is and has been going on from a technical standpoint.
Of course, if you have any further questions - leave them below and I'll do my best to help!
XO, Lea
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The Steem blockchain is currently being attacked by a central authority in order to take control of the witnesses. If you are not managing your witness votes, please consider setting @berniesanders as your witness voting proxy by clicking here to help restore the decentralization of Steem.
Sharing so I can read!!! Thanks!!!
Thanks Lea, that was pretty useful to help understand exactly what is happening and how. Particularly the use of the exchanges and how that was able to occur.
Thanks for this very exact report about what is happening on steem blockchain. I couldn't believe that the exchanges are using their customer's funds to power up and support Justin's takeover attempt. But after taken a view into the blockchain I had to realize: It's the bare truth!
For example binance has powered up more than 31 Millions of steem.
So one more time we have to remember:
Not your keys not your coins!!
Don't leave your coins on the exchanges!!!!
Greetings from Munich, Germany.
!invest_vote
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