Tomorrow the team is implementing Hardfork 21 which will make big changes to the way we do things on the Steem blockchain. If you have never used Steemit I have a guide you can check out here, “The CryptoDailyUK Definitive Guide To Steemit”.
Now the Steem blockchain has afforded its user’s many opportunities over the last three years. Also, many people made a great living from creating content on the Steem Blockchain. Although we don’t make the amazing income that we used to make we still support the project. Anabell and I are also grateful for the opportunity to be the social team during the first year.
On Tue, 27 August 2019 15:00:00 UTC, the Steem blockchain will undergo a network upgrade in the form of a hardfork. This is Steem Hardfork 21 or Steem HF21.
Hardfork 21 and What it Means to Steem Blockchain Users.
- The pool of Steem given out daily to content creators will be lowered by 10% in order to accommodate a new DAO (Decentralized Autonomous Organization). This will be a new Steem Proposal System for the community.
- The rewards for content creators will decrease by 25% to 50% of the total reward.
- Content curator rewards will increase by 25% to 50% of the total reward.
- A new downvote pool that will allow users to downvote without draining their voting power.
How I Feel About Steem Hardfork 21.
I have been a vocal critic of the direction Steemit Inc has taken the Steem blockchain over the last few years. We were pretty vocal even when we were on the team and it probably was one of the reasons we were let go.