Hive has been used in hundreds of applications, groups, and projects all across the globe over the years.įinally, its native cryptocurrency is listed on top exchanges for secure transactions such as Binance, Gate.io, Bithumb, and Huobi Global, to name but a few. Hive is the world’s first massively scalable delegated proof-of-stake blockchain that is entirely decentralized and user-controlled.
This enables each community member to have full control of their finances on Hive.
The rewards are dependent on the decentralized evaluation of the content by its readers and curators over a 7-day voting window. Users that upvote content award creators with Hive tokens (HIVE and HBD).
Moreover, Hive’s peer-to-peer (P2P) network allows sponsors and marketers to connect directly with the artists, communities, and fan bases they support without the need for intermediaries. Hive does this through equitable redistribution of value generated to the individuals who developed the content on the blockchain, the users are the actual proprietors of this decentralized network. Hive serves as a blockchain for dapps, as blogging experiences, sharing videos, live streams, audio, and photos are given ownership back to the creators. To put it simply, Hive is a social network of applications and services that allows you to connect, share, and discover with blockchain technology at the heart of this project.
The platform is a decentralized network for exchanging and storing digital information that also includes a blockchain-based financial ledger built on the Delegated Proof-of-Stake (DPoS). Hive was founded on March 20, 2020, by a vast community of decentralization proponents who were concerned that public blockchains were falling into the hands of corporations and decided to take action to protect their cause. We will analyze the long-term applications of its protocols, wallet, native cryptocurrency token, and its future adoption potential. In this guide, we will examine Hive.io, the first blockchain for Web3 with a social network emphasis and a built-in design that makes it simple for social media users to create community tokens without any further development.