Annoucing Steem Hardfork 18; Keep Up with Latest Updates & Features of Version 0.18.1 [Infographics]
Steemit Witnesses have reached a consensus to Hardfork and Community request was made official on Github, Users can expect upcoming changes to be made to Steem's Protocol. The release is an amendment to 0.17.0 and will apply Hardfork 17 & 18 into one particular Update version 0.18.1 to be schedule for Thursday, 30 March 2017 15:00:00 UTC (11:00:00 EDT)
(Majority of Steem Witnesses are on version 0.18.1, We got ourself's a Fork!)
Check out the Official Announcement & Follow for more Upcoming Updates
Official Founder Post @ned
Official @Steemitblog Post
Official Github Releases
Specific Information on Hardfork 0.17.0
- Github
- Steemit Hardfork 0.17.0 New Proposed Features to be added in 2017; The Year Steemit becomes a User-friendly Tool for Individuals/Businesses to Access & Interact with Steem's Blockchain
What is a Hardfork?
As it relates to blockchain technology, a hard fork (or sometimes hardfork) is a radical change to the protocol that makes previously invalid blocks/transactions valid (or vice-versa), and as such requires all nodes or users to upgrade to the latest version of the protocol software. Put differently, a hard fork is a permanent divergence from the previous version of the blockchain, and nodes running previous versions will no longer be accepted by the newest version. This essentially creates a fork in the blockchain, one path which follows the new, upgraded blockchain, and one path which continues along the old path.
What's New with Hardfork 18
There are some new Features which Users can expect in the upcoming updates, since majority of Steem Witnesses had a difficult time to reach a consensus for Hardfork 17, so let's focus on major game-changing New Features to be added to the current version
Delegated Bandwidth: You can now delegate any part of your SP to other users to vote for you. Those who accumulated a reasonable amount of Steem Power can request others to Users to vote for you, this means so called Whales don't need to be on Steemit 24 hours voting for Content to enjoy Curation Rewards instead they can pick a person do it for them
Came Across this!
Arbitrary Reward Splitting: Allow Third-party Applications to Split Rewards among their Users, so anyone can monetize their own Application you built on top Steem! Busy.org could receive a small share of the Rewards from it's Users, allowing them earn as an incentive for providing a service to Steemit Users
Comment Reward Pool
The comment reward pool has been removed from the 0.17.0 release, meaning the planned ''Comment Reward Pool'' will NOT be activated in HF 18Upvote Lockout
The upvote lockout limit has been increased from 1 minute to 12 hours.
Is Hardfork 18, a Revision of the Pending Hardfork 17?
Steem Witnessess didn't reach a Consensus for Hardfork 17, all the changes found in that particular protocol are part of major changes planned for Hardfork 18, with few exceptional changes to implemented in the upcoming 0.18.1 version update
Why, don't Steemit Developer just rebrand it to Hardfork 17 instead of referring to it Hardfork 18, since HF 17 never took off? The main reason is due to technical difficulties that the new Version would not have use the same consensus rules as the existing Hardfork 17. Making adjustment on top Version 0.17.0 would result in a upgraded version which incorrectly implies that it was compatible to run alongside other 17 versions
To avoid any further misunderstanding between the 2 Hardfork, the latest new Hardfork Version Number will make it clear that there are new Consensus rules, that will require nodes to use 18.0 or above in order to work, however Hardfork 18 is pretty much Hardfork 17 but Revised with certain changes to be implmented such as Upvote Lockout & Removal of Comment Reward Pool
Implemented Features
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Disclaimer: I Dedicated this Account to Write about Steemit! Not only do I get to learn more about this platform but I also get to connect with others! Do regret using a specific name like @Steemitguide, because everyone assumes i'm a Steemit Developer, so do go easy on me if you're Frustrated for whatever reason, especially if it has to do with Hardfork 18! Give Steemit Developers a chance to built this Platform, as i can see more good than bad resulting out of this. This is not some 40-50 year old dude behind screen, secretly working for Steemit. Just some Colleage Student, trying make sense out of Steemit
Annoucement
thnx for your hard work developing the @steemitguide i read this post and it made me realise how little i know and much i want to get involved in testing reporting and rewards - anyway i here and following you - i hope you enjoy my art photography and music -David
Thanks for that - time is ticking down - what I do not understand 100% - delegating Power to others for voting - that helps the one giving the power so he continues to earn curation rewards, correct? But the one actually voting is not rewarded at all?
I am quite sure someone will explain it in a little more detail when it happens.
Have Yet to fully find out! Once i do, i will go back to this Post to answer this Question. I'm running out of time!
Probably reasonable changes except one. I don't think that article rewards should be limited neither to 30 days or (even much worse) 7 days only. Appreciated content should be able to gather rewards all the time of its existence IMHO.
I think many people think that way, currently the issue is being disregarded, with the excuse that votes are being cast within the first hour, only because 80% of the votes are bot votes at 1% :| sooo yeah, that is the reso behind he 7 day window. it adds to the simplicity, since now every post has only one payment, and you can tip in the future, but that is bullshit and I would see nothing wrong with reposting all my posts every 2 months :D cheetah would see some issues :| (plager bot )
This might be a valid point. But the question is what it would do to the economy and how it would best be implemented. -Should the votes weight count as much later in time as they do at first? I'd be interested to hear some ideas.
MAKE - STEEMIT - GREAT - AGAIN
absolutely FANTASTIC!!! WOOOO this is all great stuff. im just over the moon for this. onward steemit, we are growing
I have some questions:
I apologize if my questions are inane but my excuses are, again, that I'm new here and the blockchain is new to me :)
Editing was intended to allow us to correct any Content we would personally want to change, obviously this can be abused! However there is no real solution to really stopping someone from doing this. I honestly think people would realize if someone copies & paste or re-uses content! Someone can always have multiple accounts to do this! It's really up to the Community on what they vote on! If someone can get away with constantly Posting & re-editing their content, i doubt they would make it far. However, only you as the Owner of the Account can edit your Content as pleased.
Issue resolved already, i think it was a Glitch
Basically Developers like Busy.org that built on top of Steem, can split rewards of Steemit user who engage on their platform, it's a bit more complicated. But eventually someone will make use of some Codes and build a user-friendly tool that will most likely allow us to somehow earn rewards from Steem outside of Steemit.com
Thanks for the clarification and thorough response! It's greatly appreciated.
An excellent #nuggetized graphical representation of all the changes! UV & RS.
very useful and understable information. thanks for sharing!
You've done a very good job with this update.
Thx for the explainer. I will be watching to see how it all works now that a lot has changed. One big issue though that I foresee, why paypouts only at 7 day period and not also 30 days? Surely this will limit interest from new Steemians entering the platform.