HardFork 20 is closer than we may think, according to the latest update from @steemitblog. There is a lot of technical noise surrounding this hardfork, so I will try to outline the 3 most important things for every day users.
Please don't take this as a rejection of tech news - as a matter of fact I'm a big fan of what's going on under the hood of one of the most active blockchains in the world - but I somehow feel there's a need for some "translation" from Tech to English.
Without further ado, let's go:
1. Resource Credits
Starting with HF20, the bandwidth mechanism will be replaced with a "resource credits" mechanism. Very simply put, we will no longer have to rely on bandwidth (and bump into the infamous "no bandwidth remaining" message) to interact on the Steem blockchain; instead, we will have to use a new "resource credits" mechanism. Will write a more detailed post later, if there's enough people willing to read one, so leave a comment if you're interested.
Improvement: new users will be able to interact faster with the blockchain, without clogging the pipes.
2. Reversed Auction Vote In The First 30 Minutes Modified
As of now, if you upvote a post during the first 30 minutes, only a part of the rewards will go to the curation part, and the rest will go to the author. Specifically, if you vote in the first second, 99% of your curation rewards will go to the author. HF20 changes this so that part, while still being taken away from you, as an early voter, will be redirected to the rewards pool (so the reverse auction vote is still in action, discouraging people to game the system by upvoting content early on).
Improvement: bigger rewards pool while maintaining the checks and balances for early upvoting.
3. Easier Creation Of Accounts
There's a new proposal for creation of the accounts using a separate process, called discount token. Again, it's a more complicated, tech issue, and I will write a detailed article if there is a need for it, but all in all, this will allow the creation of new accounts without requiring delegation or depletion of the STEEM balances.
Improvement: streamlining the usage of the network by new people.
There are a few other changes so feel free to read the update on @steemitblog.
My overall opinion is that this hardfork is geared towards increasing user base and scaling, which, politically speaking, are the two biggest hurdles of Steemit, as a business. Let's hope these changes will address these hurdles.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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I know the feeling. That's why I created steem.supply, an easy to use and accurate tool for calculating your Steemit rewards |
"new users will be able to interact faster with the blockchain, without clogging the pipes."
Sounds amazing!
People are upset about the curation rewards going into the pool.
It does seem bad to have to pay to create an account.
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Those are very important stuff to know thank you for sharing that
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Nice inform , thanks for your infotmrmation .
Good job , carry on .
Thanks for sharing @dragosroua
Upvote you .
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Hi @dragosrousa, I'd lif to read a more details post about the 'resource credit' please if you do it. :)
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K, will write an article later on.
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I find the developer blogs a bit technical, so I welcome any explanation. I think there are very few people who really understand this blockchain stuff. The rest of us just need to know how the changes affect us
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To me, easier creation of accounts is a key issue to scale.
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As long as it doesn't allow spam accounts to be created faster than it is right now, I'm all for it.
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I think hard fork 20 will make some positive changes to steemit blochain community to make better place for everyone.
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totally important information, I hope the post with the most detailed information, we definitely need to be up to date with the improvements made in the community.
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I think hard fork 20 will make some positive changes to steemit blochain community to make better place for everyone. Wish you good luck.
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Would love to hear a more detailed version of explanation on Resource credits and if possible the ease of creating new user accounts as well.
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Very good information, I did not know about those changes apparently it's something important!
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Interesting updates... Let's hope they can better handle the scalability issue and increase new user adoption...
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I have seen a number of people talk about it and were very angry about it saying it further destroys the author and curation issue that we have.
What is your stance on it?
This comment was made from https://ulogs.org
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Your post information is very good. I appreciate you. Thanks @dragosroua
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Touch to live those changes, to make a comparison, Because it is difficult for me to know how much benefits us or not.
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Gracias por estas informaciones @dragosroua, realmente no he leida las nuevas actualizaciones, pero me parece que son tan buenas como las que indicó aquí. Un gran saludo amigo. Si gusta pasar por mi blog solo acepto sugerencias para mejorar mis contenidos.
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I think getting newer users the ability to post without having to worry about bandwidth is great. That's a change that has been long overdue and hopefully it will help retain the newer users.
Change #2 is the one that I think is cause for the most concern. Have you read @tcpolymath's post on the proposed curation system. It's troubling, to say the least.
If you haven't read his post, I highly suggest it.
https://steemit.com/steem/@tcpolymath/this-post-will-exist-in-fifteen-minutes
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So we are improving day by day!
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The things are about to get simple and easy that will be great to see waiting for this to get implemented
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Thanks for the break down mon! Easy peasy to understand ;)
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Thanks for this precious information.I think most of us do need to read this.
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I heard a bit about Resource Credits few days ago, but I'm willing to confirm it, I'll wait your simple (yet powerful, as you always do) post about it.
This one: "Reversed Auction Vote In The First 30 Minutes Modified" is really great addition, I know many people don't care and upvote the in the first minutes... Returning that to the pool will solve some of the issues of "limited rewards pool.'
Glad the back-end maintainers are really thinking of the new userbase, all these points make it more user friendly.
Will wait your post about the resource credit.
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