Steem Witnesses Freeze $3.2M in Latest Tit-for-Tat With Hard Fork Insurgents - CoinDesk

Witnesses on Steem have frozen eight accounts, putting a total of 17.6 million steem (worth approximately $3.2 million) in limbo. The accounts can be seen listed on GitHub.

Steem recently underwent a contentious split into two blockchains, launching a new version of the software called Hive on March 20. Hive's token has held parity or better with Steem's since launch.

A tit-for-tat between Steem's old and new leadership has been ongoing for almost two months now, creating a case study on the dangers inherent to delegated proof-of-stake (DPoS), the consensus model underlying a number of blockchains, including Steem.

This fight dates back to Feb. 14, when Justin Sun's Tron Foundation announced the acquisition of Steemit, Inc. and its coveted "ninja-mined stake" of roughly 70 million steem tokens.

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