STEEM Steem

The Steem blockchain has seen its fair share of controversy over the past several weeks, which all began after the Justin Sun-led TRON acquired Steemit in mid-February.

Steem has been having a rough past few weeks, with many of its problems seeming to arise in the time following the Justin Sun-led TRON’s acquisition of Steemit in mid-February.

Massive exchanges have long been a major point of centralization within the crypto industry, with this being further confirmed by recent actions reportedly taken by some major exchanges to pose a “hostile takeover” of the Steem blockchain using stakeholders’ deposited tokens.

The Justin Sun-led blockchain company TRON has been on a spending spree, acquiring major blockchain companies and announcing a plethora of notable partnerships in an effort to craft utility around their blockchain and subsequently provide value for the TRX token.

The tokenized blogging front-end built on the Steem blockchain, Steemit, recently experienced sustained distributed denial of service (DDoS) attacks.