Hard Fork Q3 2018???? SMTs Getting Closer!!!!
We are getting closer to the time when some long-awaited updates hit STEEM.
Finally, we received an expected time on Hard Fork 20.
The Steemit development team put up a post detailing what they have been working on. Scaling up the blockchain is one of their main focuses. Their belief is that doing the scaling now, before it is needed, is much smarter than scaling later when it is needed. After watching Bitcoin and Ethereum, this makes total sense.
Hardfork 20 has been on the back burner for a while as we focused on scalability-related solutions, but it is time to put it back on the front burner. We don’t have an exact date for the hardfork yet, but we are targeting early Q3 of 2018. More details will be shared on HF20 as the development progresses.
They are now ready to tackle Hard Fork 20. The target date is early Q3, 2018. Thus, in the next couple months, we should see it start to unfold.
For those who are do not know what it is, here is an older post detailing some of the ideas.
https://steemit.com/steemit/@steemitblog/proposing-hardfork-0-20-0-velocity
We are starting to see some activity it seems on Smart Media Tokens. While no time period was delivered on them, there are a lot of links to the completed tasks on Github. Some progress is being made including the ability to have the exchange handle more than the two tokens it was designed for.
We are all impatient yet I believe the development team is taking the proper approach. The fact that they are focusing upon the blockchain is a great idea. We all like to tout the transactions per second but there is a lot more that goes into making a blockchain operate at optimum speed. Having a network bogged down as it scales up is the last thing anyone would want. For this reason, we are blessed to have the pace consistent yet slower than we want. Nothing worse than putting out a new product that craps out when people use it. This ismagnified if it has millions of people trying it out.
Another thing I like that they are doing is focusing upon the developers. Making this blockchain as friendly as possible to development is a great move. There are a ton of people who are coders yet few are blockchain people. Converting those people to STEEM can only be of benefit.
The entire post from the Steemit developers is posted here.
While the update still means we have nothing tangible, we do know the developer's direction and focus. This is of great help. Also, having a time frame that they are looking is encouraging. The development team has been nothing but cautious with their communication (and scarce). Hence, I doubt they would put a date like that out unless they believed they could hit it.
Things are really starting to come together.
If you found this post informative, please give it an upvote and resteem.
Steemit has access to millions of SP. Sometimes I wish they'd take a risk and hire more help. Scaling up is a very tough balancing act.
Or a daily Steem dividend for all users.
But would that affect anything? Unless they also manage to increase demand, it seems unlikely that the price will not fall.
It's great to finally have some more information about HF20. We haven't really heard anything about it since they posted about it almost one year ago, so any news is good news at this point. But as I have said many times before here on Steem, it's a lot better to wait longer for a finished product that works properly, than a hardfork that break things.
The talks about hardfork 2.0 was really rampant in January and February, suddenly it seems to have faded, I'm glad, scaling may just be one of the many process of bringing 2.0 upon us, I'm glad an update is being released on it.
By the way, it's hardfork twenty (20), not two ;)
This is very reassuring! Nice to see them taking initiative and being more transparent with the release date. Felt like we were in the dark for a while regarding the SMT's.
Thank you for the update. without you I would be lost. I really appreciate all your posts. You really help me learn and understand as I am somewhat new to steemit
Will be interesting to see if it will really work with adoption. If websites would be interested to use it on their own platforms. Or if platform won't matter in the future since clearly we will have lots of options. Clearly if it's a success then just that would put Steem at $100 dollars. 👩💻📈
My only big concern is how would bandwidth be for new users? Considering that you need around 20 STEEM for decent bandwidth. Would that mean that new users have to invest $2000 just to get some speed going? Or are there any solutions they are working on? Still love the non fee system when you have some more Steem!
If you read the blog post by @steemitblog, then you can see some info about the bandwidth. They have some changes planned, but they are not really giving any details yet.
Yeah will be interesting to see how they will solve it haha.
Yes, absolutely it will. It seems pretty difficult to find a way to make it stop spammers without harming real users.
Don't think it will be that complicated. Spammers are pretty lazy. They don't want to expand massive amounts of energy.
Hehe, that's probably true. If they weren't lazy, they would rather create good content and get a much better payout from it.
Yes exactly. That is the irony that they would be more well off by producing something that is real...
Is that means we will see new token fork from steem so anybody has steem token will get the new one?
i have first see the good information about Hard Fork 20.