We are getting closer to the time when some long-awaited updates hit STEEM.
Finally, we received an expected time on Hard Fork 20.
The Steemit development team put up a post detailing what they have been working on. Scaling up the blockchain is one of their main focuses. Their belief is that doing the scaling now, before it is needed, is much smarter than scaling later when it is needed. After watching Bitcoin and Ethereum, this makes total sense.
Hardfork 20 has been on the back burner for a while as we focused on scalability-related solutions, but it is time to put it back on the front burner. We don’t have an exact date for the hardfork yet, but we are targeting early Q3 of 2018. More details will be shared on HF20 as the development progresses.
They are now ready to tackle Hard Fork 20. The target date is early Q3, 2018. Thus, in the next couple months, we should see it start to unfold.
For those who are do not know what it is, here is an older post detailing some of the ideas.
https://steemit.com/steemit/@steemitblog/proposing-hardfork-0-20-0-velocity
We are starting to see some activity it seems on Smart Media Tokens. While no time period was delivered on them, there are a lot of links to the completed tasks on Github. Some progress is being made including the ability to have the exchange handle more than the two tokens it was designed for.
We are all impatient yet I believe the development team is taking the proper approach. The fact that they are focusing upon the blockchain is a great idea. We all like to tout the transactions per second but there is a lot more that goes into making a blockchain operate at optimum speed. Having a network bogged down as it scales up is the last thing anyone would want. For this reason, we are blessed to have the pace consistent yet slower than we want. Nothing worse than putting out a new product that craps out when people use it. This ismagnified if it has millions of people trying it out.
Another thing I like that they are doing is focusing upon the developers. Making this blockchain as friendly as possible to development is a great move. There are a ton of people who are coders yet few are blockchain people. Converting those people to STEEM can only be of benefit.
The entire post from the Steemit developers is posted here.
While the update still means we have nothing tangible, we do know the developer's direction and focus. This is of great help. Also, having a time frame that they are looking is encouraging. The development team has been nothing but cautious with their communication (and scarce). Hence, I doubt they would put a date like that out unless they believed they could hit it.
Things are really starting to come together.
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