Little Help here with explaining changes of the HARD FORK
Hey guys.... so I've been away from steem for a while and just got back last week.
I know a lot of changes have happened with the HARD FORK.
I would really appreciate it if someone could point me to an official post or any well explained post enumerating all the changes.
Thanks in advance.
@gamsam has set 5.000 STEEM bounty on this post!
Bounties let you earn rewards without the need for Steem Power. Go here to learn how bounties work.
Earn the bounty by commenting what you think the bounty creator wants to know from you.
Find more bounties here and become a bounty hunter.
Happy Rewards Hunting!
Congratulations to the following winner(s) of the bounty!
Find more bounties here and become a bounty hunter.
Find more bounties here and become a bounty hunter.
Find more bounties here and become a bounty hunter.
Find more bounties here and become a bounty hunter.
Find more bounties here and become a bounty hunter.
There where 2 main changes:
The introduction of a proposal system called the SPS (Steem Proposal System) or Steem DAO. It is similar to the worker proposal system in Bitshares. Basically anyone can propose a project and request funding if enough stakeholders support it by voting on the proposal. You can find the proposed projects on either one of these frontends:
The funding for the
Steem DaoSPS comes from reducing the reward pool from 75% of the inflation to 65%. The approved projects are paid in steem dollars.The EIP (economic improvement proposal) that introduced 3 changes:
superlinearlinear convergent. Basically the votes are non-linear below a certain threshold. After that the payouts are linear again. This was introduced to help combat the milking of the rewards with small paying spam posts.In addition the curation rewards reverse auction was changed from 15 minutes to 5 minutes.
Thanks man.
This helped a lot
Posted using Partiko Android
@gamsam, Good to see you after a long time brother. The main change after Hardfork is Author/Curation rewards became 50/50 from 75/25 and it boosted the both Curation Game and Content Creation.
Wishing you an successful time ahead and stay blessed.
Thanks man. Good to be back too
Posted using Partiko Android
Welcome and enjoy your new start and journey. Stay blessed.
Posted using Partiko Android
Already dropped, but lemme drop this https://steemit.com/hf21/@steemitblog/hardfork-21-survival-guide
Posted using Partiko Android
Thank you
Posted using Partiko Android
Welcome
You can check out the following official posts
https://steemit.com/hf21/@steemitblog/newsteem-is-live
https://steemit.com/hf21/@steemitblog/hardfork-21-survival-guide
The highlights would be 50/50 rewards, compound linear curve on rewards, 2 free downvotes and the Steem proposal system. We're already working towards the next HF so we can launch SMT's
Thank you man
Posted using Partiko Android
You can also see the following post:
https://steemit.com/steem/@steemitblog/hf21-sps-and-eip-explained