Exchanges hold a substantial amount of tokens from each blockchain. An interesting case just happened. They have just used their stake to take control over the Steem blockchain.
Governance on some blockchains are based on stake, this applies to both Proof of Stake (PoS) blockchains like Gridcoin and Delegated Proof of Stake (DPoS) like Steem.
The unprecedented event happened and several exchanges allowed to take control over the Steem. It will be interesting to watch the industry reactions. What are your thoughts?
yes
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi @hotbit!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 2.326 which ranks you at #21567 across all Steem accounts.
Your rank has dropped 19 places in the last three days (old rank 21548).
In our last Algorithmic Curation Round, consisting of 86 contributions, your post is ranked at #78.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit