Hive: The Free Chain That Enslaved Its Users
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Summary of the Hive Case: From Its Founding to the Present
1. Origin and Founding Context
Hive was born from a community reaction to a hostile takeover. In February 2020, Justin Sun (founder of TRON) acquired Steemit Inc. and obtained its enormous development fund. The Steem community feared this would centralize voting power and took defensive measures by blocking those tokens. TRON counterattacked by coordinating enough witness votes to reverse those restrictions, leading the community to decide to fork the chain to preserve decentralization.
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