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RE: Smoke.Network Forks Steem Blockchain: Some Lessons We Can Learn From Forks!

in #steem • 7 years ago

They actually forked the chain. It was clearly written in the White paper with a backlink to steem's gitub link. Initially they hosted it on the blockchain but later they decided to just fork it and create their own chain. It's not an SMT either!

7 years ago in #steem by
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     7 years ago 

    The whitepaper seems to say the exact opposite, that they are starting with a fresh genesis block.

    New Genesis Block with 349379987 pre-mined SMOKE. Smoke.Network has
    its own distribution model so the chain will start fresh with a genesis block
    consisting of 349,379,987 SMOKE tokens. From this point the chain will have an
    inflation rate of 9.5% per year, reducing by 0.5% per annum until the rewards
    drop to 5% per annum

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       7 years ago 

      Same old steemit unfair initial mistakes... 300 millon tokens distributed between the initial scam erm miners... So you will always be a minor stake holder

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         7 years ago (edited)

        From page 21 of Smoke White paper.

        Smoke.Network operates on a standalone Delegated Proof of Stake (DPoS)
        blockchain based on a fork of the latest version of the open source Steem
        software...

        Ftr, I dunno why they are premining it. Perhaps the premined block will be given away as they stipulated.

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           7 years ago 

          based on a fork of the latest version of the open source Steem
          software...

          This means they are forking the software not forking the blockchain.

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