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Mining Firm Threatens Lawsuit Against Steem Fork For Using The ‘Hive’ Moniker

On March 20th, the Steem community launched a hardfork, seeking to improve the ecosystem and offer its users a truly decentralized blockchain, after many weeks of several conflicts with Justin Sun — Founder of TRON— who became the most influential player in the Steem Blockchain.

Justin Sun’s management moves were considered unacceptable by the community.

As a result, they created Hive, a new blockchain launched as a hard fork of the existing Steem chain, allowing its users to receive a perfectly mirrored balance of their current STEEM holdings in the new HIVE blockchain while leaving Justin Sun out of this project, without receiving the HIVE tokens, or the same treatment as all the other users.

“The intention of this community-driven fork is to support and build on the strong Steem community values that have made our ecosystem so diverse and exciting.” The hardfork supporters said.

Currently, all users can enter Hive Network, by simply logging in with their same Steem accounts, as this new blockchain was created using an exact history of the data they had already backed up on Steem. Read More...