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RE: Musing Posts

in #musing-threads6 years ago

If what you mean by "necessary" is required to be done, then NO. It's honestly not that required for the blockchain to upgrade to HF20. As a matter of fact, we could literally just be content with HF19 and use it for years. This is also the reason why a supermajority of the top witnesses (17 out of 21) needs to reach a consensus first before it pushes through to know if it is really needed.

However there is no denying that there are major issues right now that prevents Steem from gaining mass adoption, one of which is the Creation of New Accounts. HF20 (codenamed Velocity) tries to provide a solution for this by their discounted account creation tokens. There is also the issue of spammers spamming the blockchain and is mostly the reason why "Resource Credits" (CR)  will be introduced by the next hard fork. All are improvements that will make Steem a better and stable platform and a platform that will be ready for mass adoption.

So while it isn't really necessary to do another Hard Fork, it is however needed for long-term goals. To provide solutions to the current problems Steem is experiencing and make Steem a much more stable and great platform.