Hive (HIVE)

Hive (HIVE) is a blockchain that uses a consensus method called delegated proof-of-stake (DPoS). It came out in March 2020 as a hard fork of the centralised Steem blockchain and a bridge from Web 2.0 to Web 3.0. "Lightning-fast processing times and fee-free transactions" are what the blockchain promises. Use cases include social media sites that pay content creators for their work, interactive blockchain games, identity management, microloans, and more. Splinterlands, PeakD, and HiveBlog are all decentralised applications (dApps) that run on this platform.

Hive is a social network of apps and services where people can learn about the power of blockchain technology, connect to the platform, and share content safely by redistributing value in a fair way. So, the people who use the network are the ones who own it, and sponsors can talk to communities and artists directly without going through any middlemen.

Hive is an open source blockchain that focuses on scaling through layer-2 sidechains while still using a common layer-1 blockchain backbone to ensure the integrity of distributed data. The Hive ecosystem is powered by two cryptocurrencies: HIVE, the native governance token, and HBD, a stablecoin that is tied to the US dollar.

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