THELOGICALINDIAN - Steem blockchain will abide absorption during transition
Steem assemblage accomplished a bendable angle today in adjustment to ensure that TRON’s accessible accretion does not abuse the candor of the Steem blockchain. The Steem association explains:
“We accept adapted to a acting careful agreement to advance the cachet quo currently accustomed in commendations to Steemit Inc’s pale and it’s advised usage. This amend is capricious [and ensures] that the aegis and decentralization of the Steem blockchain charcoal intact.”
Today’s bendable angle about introduces a cipher change that banned admiral captivated by assertive accounts and stakeholders. It does not abate any of TRON’s pale in Steem, nor does it abide the acquisition.
It alone prevents TRON from appliance ability in means that Steem technically permits.
The Problem of Ninja Mining
The affective agency abaft today’s bendable angle was an accident alleged “ninja mining.”
Steem agitated out ninja mining in 2016 in adjustment to boldness assertive barrage issues. Because the action broadcast a ample bulk of tokens to a cardinal of important Steem accounts, it gave Steemit Inc. abiding abeyant to exercise its ability over Steem. One witness, pfunk, explains:
“The ample pale of the Steemit Inc. ninja-mine was never ideal for a decentralized blockchain, but it was acceptable [because] Steemit Inc. had all the incentives to not corruption it.
Furthermore, Steemit Inc. founders Dan Larimer and Ned Scott always announced that the pale was to be acclimated as a faucet for new annual creation, allotment of the company’s operations, and would eventually be broadcast abundant not to matter.”
Today’s bendable angle briefly blocks ninja mining-related affairs and prevents any accompanying corruption of power. It is possible, and alike likely, that assemblage will about-face the bendable angle in the future. However, that acceptable depends on whether TRON takes a hands-off access against Steem governance.
As pfunk notes, TRON arguably contest cogent access over its own Super Representatives at the moment—and TRON could conceivably backpack that access over to Steem.
The First True Blockchain Merger?
Blockchain startups and companies are generally bought out and merged.
JP Morgan, for example, afresh appear affairs to merge its Quorum division with Consensys. Similarly, Bakkt has acquired Bridge2 Solutions in adjustment to action a accolade system. Meanwhile, Voyager Digital Canada has afresh acquired Circle Invest as an accession to its allowance services.
However, it is attenuate for a accessible blockchain to be bought out or chip with another.
So rare, in fact, that it has acutely never happened with any above project. It is arguably absurd to alike a alliance on a blockchain like Bitcoin, which has a broadly broadcast ability structure
By contrast, Steem and TRON are both delegated proof-of-stake (DPOS) blockchains, acceptation that a almost baby cardinal of nodes accept aggregate say over operations. In accession to acquiring Steemit, Inc., the TRON Foundation seems to accept becoming the cooperation of Steem’s accepted assemblage as well.
As such, today’s developments could set a accepted for how agnate acquisitions are handled.
