Hive is a decentralized blockchain platform launched in March 2020 as a hard fork from the Steem blockchain. It was designed to address the need for faster, fee-less transactions and scalable decentralized applications (dApps). Hive serves as a gateway from Web 2.0 to Web 3.0 by empowering users to monetize content, engage in blockchain-based gaming, and explore decentralized identity management. The platform supports applications like Splinterlands, PeakD, and HiveBlog, making it a hub for diverse blockchain-powered services.
Hive operates on the Delegated Proof of Stake (DPoS) consensus mechanism, which ensures security, decentralization, and fast block production every three seconds. Instead of transaction fees, Hive uses a Resource Credits system, allowing users to stake the platform’s HIVE tokens to perform transactions without costs. Content creation and curation are monetized through the Proof of Brain (PoB) protocol, rewarding participants based on their contributions and engagement. Hive also supports scalability through its layer-2 sidechains while maintaining data integrity with a robust layer-1 blockchain.
Hive was created by the Steem community following a hard fork to escape centralized control after a dispute with Tron CEO Justin Sun. It is now maintained by a global network of developers and stakeholders.
HIVE, the native token of the Hive ecosystem, is available on various exchanges. It has no maximum supply. New tokens are issued and allocated as follows: 65% to content creators and curators, 15% to stakers, 10% to block producers (Witnesses), and 10% to the Decentralized Hive Fund for development.
Consider investing in Hive (HIVE)? Follow these steps:
1. Create an account on Bitget .
2. Verify your identity.
3. Deposit funds.
4. Check out the available HIVE trading pairs on Bitget.
Hive offers potential through its decentralized ecosystem and content monetization, but it also carries risks associated with market volatility and adoption. Prospective investors should evaluate its benefits and risks based on their financial goals.