Steemit’s Old Guard Recpature Concensus Network As Tron’s Sun Losses Exchange Support

Yesterday, we brought you news that forces aligned with Tron Network’s Justin Sun in a surprise move, took over the Consensus Network of the Steem blockchain, dislodging the top 20 witnesses that lead the online crypto community.

Well, since then there has been a reverse, as 2 of the 3 big exchanges that enabled Sun take over withdrew their critical support.

Binance and Huobi withdrew support, while Poloniex which is more linked to Sun maintained its support for the crypto warrior.

In a Tweet Binance’s CEO, Changpeng Zhao explained that the exchange isn’t really interested in blockchain governance.

This enabled the Steem Old Guard to quickly reelect enough witnesses to nullify Sun’s ⛅ move.

Peace talks, called a virtual townhall meeting, will be held on Friday.

See more details of what went down.

Background

Tron Newtork’s Justin Sun bought crypto site Steemit.com from Ned Scott. But members of the community who hold Steem are resisting the people from Tron in what they see as a hostile takeover or invasion.

These dramatic actions may be delaying the launch of Smart Media Tokens which have the power to bring cryptocurrencies and the media together.

Author: OzoIgboNdu1 of Igbo Defender

I am Igbo prince. Onye Igbo ka m bu!

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