HardFork 20 Update Simplified

Greetings Steemjet Spaceforce members and to the entire world. A couple of days ago, Hardfork 20 was announced by the Steemit Development team. If you haven't read the post, please take a look at here here because as stakeholders in the Steem community, you should always be aware of development and future plans so you can make the informed decisions.

After the announcement, a lot of Steemjet Spaceforce members have asked for explanations on a few point on the hardfork20 coming. So this is a simplified version of the Steem HF20 which is set to launch on September 25th, 2018.

• Bandwidth system to be replaced with a new and improved Resource Credits RCs system. The RCs system promised to make Steem the most advanced freemium blockchain in the work. Freemium blockchain means users are able to carry out certain tasks for free on the blockchain as long as the hold some stakes in it.

• Curation windows from 30min to 15min.

• Steempower now return after 5days, no longer 7days cool down period.

• No restrictions on powerdown. Currently you cannot power down to the last sp. This will be removed after HF20 so one can power down to the last Sp.

• comments creation time will be 3 seconds instead of the current 20 seconds interval.

• Selling orders on the internal market will expire after 28days.

• Account cannot be created with Steempower delegation. Account creation fees to be burned.

• Users can create a discounted new account for potentially free without paying any Steem or delegating any Sp. This will work by users being able to use RCs for account creation.

• Discounted creation tokens for discount accounts creation. Above we talked about creating new accounts with RCs instead of Steem. Each time a user dues does that, a token is consumed and if all tokens are consumed then no additional discounted accounts will be allowed.

• The dust vote threshold rule prevents the occurrence of extremely weak votes by rejecting votes to the blockchain from accounts with less then 1sp. Hf20 will allow such users to cast votes to the blockchain instead of rejecting the votes, weak votes will be accepted but will have no effect.

• Account created after HF20 will be able to transact with zero sp (comment, upvotes, post and transfer)

• Early self vote will no longer receive a portion of the curation rewards instead this reward will be returned to the reward pool.

• Allowing accounts to quickly carryout delegation could be exploited by users by using up all voting power and then delegating their Sp to another account. This will be fixed after Hf20 likely delegated sp will now come with the voting power of the delegator.

• Upvotes/downvotes will be valid during the last 12hours of the payout period but their strength will decrease linearly from 100% to 0% over the 12-hour period. This ensures last minutes upvotes/downvotes can be countered.

• Currently, beneficiary rewards are paid out only in 100% Steempower but with HF20, the beneficiary to a post will be paid base on author's setting. This is particularly important for content creators on Steemjet account. Now we will directly share 50% payout with authors who submit posts to Steemjet.

These are some few points which are mostly important to witness are what we should expect for HF20. If you have any questions, please ask in the comment section of this post.