Steemit Hardfork Inbound — Here’s When It Will Happen

Codenamed “Velocity,” Hardfork 20 has been officially announced by Steemit’s blockchain team. The hardfork — a term for when a blockchain diverges into two potential paths forward — is scheduled for September 25. Steem users are encouraged to vote on the proposed hardfork by running their choice of the Steem blockchain. The changes Velocity offers are numerous and extensive, including the implementation of a system based on Resource Credits, updates to account creation, and various other changes.

Technical Issues?

There have been some suggestions that all is not well in Steem world. Yesterday, the Steem blockchain apparently went down, as noted by a user on Twitter.

The Steem blockchain is currently frozen.

Steemit is arguably the world's most popular dApp, with over 60,000 unique accounts making transactions each day and over 250,000 unique visitors each day.

This is what those visitors are seeing right now. 👇 pic.twitter.com/wz055UFPuV

— Kevin Rooke (@kerooke) September 17, 2018

When replies claimed that only the website was down and that the blockchain was fine, the poster replied with an official announcement from Steem’s Twitter account:

We're aware of the problem with the #Steem #blockchain and are hard at work to get it resolved. We'll post updates here as they happen.

— Steem (@SteemNetwork) September 17, 2018

At the time of this writing, both the website and the Steem blockchain appear to be operating correctly.

Pre-Fork Price Surge?

At the time of this writing, Steem (STEEM) is trading at $0.852191 per coin, up 14.08 percent over the last 24 hours. The increase in valuation certainly stands out amid a marketwide sea of red. STEEM’s price action leading up to the hardfork will certainly be worth paying attention to. What do you think about Steemit’s impending hardfork? Be sure to let us know your thoughts in the comments below!