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TRON Founder Acquired Steemit, Calling Vote for New Leadership

TRON Founder Acquired Steemit, Calling Vote for New Leadership

TRON Founder Acquired Steemit, Calling Vote for New Leadership-Techcryption-01

Justin Sun, the founder of TRON network and CEO of BitTorrent, has allegedly acquired a blockchain-based blogging and social media website Steemit in a somewhat hostile takeover according to sources. Reportedly, the platform owns a huge amount of STEEM cryptocurrency.

Notably, STEEM community leaders initiated a soft fork meant to limit the power of Justin Sun on the decentralized blockchain network, in response. Reportedly on 2nd March, major crypto exchanges have used the voting power of their held tokens to restructure the platform’s consensus algorithm.

At the time of writing, two Steemit users known as @andrarchy, the Head of Communications and Advocacy for Steemit and @vandeberg, Steemit Blockchain Developer have confirmed their resignation.

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Reportedly, major exchanges that were believed to be helping Sun in the voting were Binance, Huobi and Poloniex. However, Changpeng Zhao, the CEO of Binance, later tweeted he’d reverse the vote with user funds after pressure from customers.

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