HiveHive price 

HIVE

Hive is a blockchain that claims to be designed for Web 3.0. and social media dApps with an emphasis on speed, scalability, security and spacious storage.

Hive has a future-proof system for bandwidth and resource storage. The network is capable of securely storing enormous amounts of data and making it available via time-based monetization.

All posted original content is permanently stored on the Hive blockchain. Voting for content creators is available on the platform, it’s carried out with HIVE and HBD tokens within a 7-day period. The Proof of Brain protocol is responsible for maintaining the level of content quality, which stimulates the creative economy by leveraging the power of human subjectivity.

The blockchain also claims to be easy to adopt for developers, allowing them to create, deploy and run dApps. Developers can choose to implement new public and private networks, with Hive’s open source code.

HIVE is the native cryptocurrency for the Hive network. According to the DPoS protocol, the more users stake their HIVE, the more they can earn from a reward pool.

HIVE is an inflationary cryptocurrency with no fixed maximum supply. New HIVE tokens are issued on schedule and distributed as follows: 65% to content producers and content curators (shared equally); 15% to HP stakers; 10% to the Witnesses; 10% to the Decentralized Hive Fund (DHF).

The decentralized blockchain is built on the Delegated Proof of Stake (DPoS) consensus mechanism. Delegates (or Witnesses) verify transactions and create new blocks on the blockchain on behalf of investors, namely 20 selected Witnesses create blocks randomly, and users can stop delegating at any time. In general, the procedure reduces the centralized control over the network.

The platform has a decentralized governance system where users have a stake in the network — they have the right to vote, and this stake is represented by locked coins and is stored in special wallets in order to protect the protocol. The company that launched HIVE stores all digital cryptocurrencies in cold storage.

As of September 2022, there are several crypto exchanges and trading platforms where users can purchase HIVE, including Binance, Bithumb, Gate.io, Huobi Global, Bittrex, ProBit Global, MEXC, Indodax, Tokocrypto, WazirX, Upbit, CoinEx, Nominex, BKEX, Pionex, CoinDCX, Bitcoiva, Jubi and ProBit.

Want to keep track of HIVE in real-time? Download the CMC mobile app.

Read about Steem (STEEM) and TRON (TRX).

Check out a beginners guide to Steemit by CMC Alexandria.

What Is Delegated Proof-of-Stake (dPoS)? Click here and find out.

What are decentralized applications (dApps)? Learn more with the CMC glossary.