Hive (HIVE) is a cryptocurrency and blockchain-based social media platform that goals to supply a decentralized and censorship-resistant different to conventional social media networks.
Hive was created as a fork of the Steem blockchain in March 2020. It’s identified for its concentrate on community-driven content material creation and distribution. It presents a spread of content material classes, together with running a blog, microblogging, movies, and extra.
Key options
Hive’s decentralized nature makes it resilient to censorship and content material elimination. Customers have management over their content material and information, decreasing the danger of platform-wide censorship.
Hive makes use of a Delegated Proof of Stake (DPoS) consensus mechanism to safe the community. DPoS includes a bunch of elected delegates who validate transactions and produce new blocks. It additionally launched sensible contract performance by a community improve, enabling builders to create decentralized functions (DApps) and programmable agreements on the platform.
Content material rewards
One in every of Hive’s distinctive options is its content material reward system. Customers who create and curate content material can earn rewards within the type of Hive Cash (HIVE) and Hive Greenback (HBD) tokens. These rewards are distributed to customers based mostly on the recognition and high quality of their contributions.
HIVE is the extra unstable cryptocurrency used for numerous transactions, whereas HBD is designed to be a stablecoin pegged to the worth of 1 United States greenback (USD).
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