Vlog 265: Communities/Hivemind update + Steem price had a nice pump overnight.
The steemit team released an update about upcoming communities and Hivemind here.
From the post:
Hivemind (or “hive”) will power Communities on Steem, but that’s only one important use case. It’s designed to be a developer-friendly layer on top of the Steem blockchain that will enable any developer to access a database containing all the social information stored on the Steem blockchain without having to rely on minimalistic core blockchain APIs.
This is my personal view of the blog post. It's pretty technical.
From how I understood it, is that not all the information in the blockchain is consensus critical.
Which basically means it does not have to be verified at all times.
Who you follow for instance or your reputation score is not consensus critical.
What is consensus critical is the amount of STEEM/STEEMPOWER and SBD that you have. This needs to be known at all times. (You don't want people to transfer STEEM they don't have for instance).
They want to separate the consensus critical information from the non-consensus critical information.
why?
From the post:
Much of the information that app developers want to leverage is not consensus-critical; that is, it either does not belong in a blockchain node or it doesn’t need to be accessed directly from one. Instead, we can store all the relevant information in a traditional database and keep it in sync with the blockchain, while adding new custom layers of logic and features. This is exactly what hive does; and because it’s written in Python, developers can modify its behavior and APIs with ease... and experiment to their heart’s content.
Pretty cool. It will make it easier for developers to play with the non-consensus critical information without having to go through a full node.
Hivemind will be implemented in stages.
The first stage won't affect any of us if it all goes well. It's a back-end upgrade. But it's very tricky
from the post
It’s akin to upgrading an airplane engine mid-flight while making sure there are no hiccups and all controls work as usual.
Serious stuff.
If all that goes well the fun stuff starts. Communities being one of them!
from the post:
Communities bring a whole new form of interaction to the Steem blockchain, and we are excited to see the ecosystem evolve once users can collaborate easily with like-minded individuals, curate topics of shared interest, and truly organize. We anticipate that the Steem blockchain will become the place to be to discuss everything and anything under the sun.
I talk about it more in my vlog.
I am a witness with our developer group @blockbrothers for the Steem blockchain. If you want to support us I would appreciate your vote here.
We build Steemify a notification app for your Steemit account for iOS.
Get it Here:
▶️ DTube
▶️ IPFS
i hope they can solve the issue about the traffic in the steemit network too, that way we no longer worry about what happening. :)
@exyle,
Yeah I also saw that update! Hivemind seems to be an interesting development based on Steem blockchain! That would be nice that you decided to discuss about it!
Cheers~
I guess the upcoming communities and Hivemind announcement may have initiated the pump of almost 50-60% in steem price , just imagine how much pump we can expect when they launch.
it will be exactly the same; a 1 week pump, and then the next week will dump.
I was pretty excited about today in general. It was fun to watch the pump and to learn about hive because I had been feeling a little dejected lately. Not about the low price of steem but more about the lack of enthusiasm I've been seeing in my feed. I look at things in the very big picture and I think there is some short sightedness on the platform .
You might have a sad feed it sounds like! I wish your feed to be more positive! Good luck!
It's normal that people post less when the price goes down. See it as an opportunity.
Nice post
Click the Image Below
@exyle I am part of a community of like minded individuals right now with #steemsilvergold. These are people that have an interest in stacking precious metals and Non FIAT money. It is a wonderful place where good things are happening. Now it will only grow and get better...................
i am really glad to know that of your experience and important advice when you sharing doing of dtube chanell and on your blog.. It was fun to watch the pump and to learn about hive because I had been feeling a little dejected lately. Not about the low price of steem but more about the lack of enthusiasm I've been seeing in my feed. its absolutely good thought of my steemit successs in the future matter..very good job..@exyle
That’s true! Great informative post. You mentioned nice jump in Steem, I noticed even nicer in SBD. Let’s see if it’s a dead cat bounce, or if it’s something more serious. To tell you the truth, I was ready to buy Steem at $1.00. I guess, time will tell.
I was ready too, but I'm not unhappy with this :)
That first part was quite technical, but loving the rise in the crypto markets in general (obviously focusing on STEEM). Let's hope the price stays high for the 3 day moving average, so that the payouts this week can bring a smile to everyone's face. :)
Yeah I was watching this pump happen all night. Thanks for the update on HIVE I almost missed that one.
You are welcome!