The decentralized chain with the latter feeling that this was a hostile takeover in the making and indeed it pretty much turned out to be because at the heart of the dispute was, of course, the massive pre-mined supply of the steem. Justin Sun acquired when he purchased steemit from its founder now that supply of steem could have been leveraged to vote in new consensus rules and direct the future of the steem blockchain which likely included plans to port the chain on to the Tron network which would have court required a break of consensus of current consensus now the steam community, of course, moved almost immediately to neutralize the voting rights of Justin's newly acquired steam supply with the soft fork which Tron countered with a highly controversial move in which several exchanges colluded with Justin Sun to restore control using the large supply of steem.
Holdings off of exchanges steem that was deposited to exchanges for the purposes of trading or holding was utilized by the exchange as if they owned it because, in essence, they do not your keys not your coins to vote with Justin Sun. they took a political side of debate this is highly controversial and not what should be happening and could not happen if people held their own crypto now the move provoked a great deal of backlash from the entire community and the exchanges who participated in the move including by Nance quickly withdrew their support an esteemed network validator known as witnesses soon returned to their governance role when the community rallied behind the validators loyal to the community and not to Justin Sun now the drama has since escalated with several members and validators claiming to represent the interests.
this hard Fork is gonna see the steem blockchain dramatically fork on to a no protocol being dubbed hive which is going to port over the complete steem chain and all its data and supported apps and extensions including one major change and that is unburdening the community from Elly any affiliation. Control from steem a tank now the result is going to require a new DPOs delegated proof of stake chain which they're calling hive and while many DAP sand projects currently operating on steem are gonna require rebranding the community will remain otherwise intact ideally and functional moving forward and effectively completely and Justin Sun's bid to take over the network right now it is being hailed as a watershed moment for blockchain and decentralization with block trades one of the leading validators stating that steemit incorporated.
Sun has tried to position Tron as a competitor to etherium as well as being criticized for shamelessly plugging Tron at every opportunity still the whole drama has shown that a decentralized network cannot be merely purchased outright with money by a single entity and if the greater community wishes to wrestle control away and favor of their own interest voting can take place on a chain-like steem to adjust consensus rules so we'll see you kind of wins, overall in the battle but pretty interesting watershed moments you know a chain saying that they can't be bought but again you know this brings in complication so again be very careful with untested technology.