You may have noticed an interesting drama about STEEM and its community, founder of Tron Justin Sun, and founder of Binance Changpeng Zhao, the largest cryptocurrency exchange.
Justin Sun decided to acquire the STEEM network, which he planned to move to his Tron. The community disagreed, and Sun itself did not have the strength to approve and vote for the necessary adjustments using its tokens.
Who will he ask?
The largest cryptocurrency exchange in the world, Binance. Changpeng Zhao and his company hold so many cryptocurrencies that their voting rights on the network are extremely important. And CZ approved the aid.
Some older cryptocurrencies use a system that works on each token’s voting rights to confirm changes and forks. The exchange offices logically hold a large number of tokens and thus have a large voice.
Dean van Dugteren from the nOS platform immediately fired a question that had to go through everyone’s mind:
I’m curious since you mentioned you were assisting with what you “thought was a regular upgrade/fork”.
In what other instances in Binance’s history have you ever previously staked users’ funds to “assist” a network with a blockchain upgrade for you to think this was “regular”?
I'm curious since you mentioned you were assisting with what you "thought was a regular upgrade/fork":— Dean van Dugteren ? (@Deanpress) March 7, 2020
In what other instances in Binance's history have you ever previously staked users' funds to "assist" a network with a blockchain upgrade for you to think this was "regular"?