Absolutely, it is necessary since the growth of steem depends on this. With the HF20 that is planned to take place on September 25 of this year, several aspects that have flaws or need updating within the chain of steem blocks will be improved, some changes that will occur during the HF20 are:
- > System based on Resource Credits (CR)
- > Change the system for creating accounts.
- > Creation of discounted account
- > Discount account creation tokens
- > Stake-based discount account creation market
- > Recording account creation fee
- > Contempt creation of account with delegation operation
- > Reverse modified account creation fee
- > Dust vote threshold changes
- > Elimination of the minimum restriction of SP shutdown
- > Healing updates
- > Changes for Witnesses
to mention a few, (you can see more about the HF20 from the following link: https://steemit.com/steem/@steemitblog/steem-velocity-hardfork-hardfork-20
In addition, the HF20 is also necessary to receive the SMTs that will add value to the chain of steem blocks through the different DAPPS that are planned to be created or that are already created and are waiting for the development of SMT to be completed, which will happen in the first quarter of next year.