What Is Hive (HIVE)?
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.
How Hive Works
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.
Who Are the Founders of Hive?
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.
How Many Hive (HIVE) Tokens Are in Circulation?
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.
How to Buy Hive (HIVE) on Bitget?
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.
Is Hive a Good Investment?
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.
Simple 3-step guide to buying HIVE today in Montenegro
Create your free Bitget account
Select a funding method
Complete your Hive purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Hive using a payment method of your choice:
Buy Hive with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Hive order.
How to buy crypto with credit/debit cardBuy Hive with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Hive is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Hive order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Hive order.Buy Hive with the fiat balance in your Bitget account
You can Deposit fiat funds using SEPA to top up your Bitget fiat balance. Then click Buy Crypto > [Cash conversion] in the top navigation bar to place your Hive order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Hive in your Bitget spot wallet
Bitget—where the world trades Hive
How to buy Hive for free
- Learn how to earn Hive for free through the Learn2Earn promotion
- Earn free Hive by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Hive airdrops by joining ongoing challenges and promotions
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FAQ
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Located in Southeastern Europe and forming part of the Balkans is Montenegro, a nation that shares its borders with Serbia to the northeast, Croatia to the northwest, Bosnia and Herzegovina to the north, Kosovo to the east, Albania to the southeast, and the scenic Adriatic Sea to the west. Its coastline for the latter runs a whopping 293.5 kilometers long, with its capital city Podgorica located inland to the east. The city spans 13,812 square kilometers and is home to around 30% of Montenegro’s overall population of 621,000. There, you’ll find plenty of culturally-rich museums and art galleries, including the city’s main museum and the Center for Modern Art.
Due to the diversity of its landscapes which stretch from the coast of the Adriatic Sea to the mountain ranges of Durmitor, Bjelasica, Sinjajevina, Prokletije, Komovi, and more, the country attracts approximately 1.3 million tourists every year. Interestingly, more than 60% of the nation sits at an altitude of 1000 meters above sea level or more, meaning you’ll be able to ski up in the mountains and swim in the sea on the same day during mid-season changes. There are also four national parks, with Durmitor National Park earning the title of a UNESCO World Heritage Site.
Currently in the process of joining the European Union, Montenegro has adopted the Euro (EUR) as its official currency, and with direct support from Bitget, you can purchase Hive(HIVE) in just a matter of minutes, no matter where you are in the country, from Podgorica to Nikšić to Herceg Novi. Our exchange offers a series of secure payment options to make trading easier for you, including P2P trading, crypto deposits, and other third-party merchants such as Apple Pay, Google Pay, and different credit card services.