Hive (HIVE) isn’t just another blockchain; it's redefining the digital landscape. Launched in March 2020 as a hard fork of the Steem blockchain, Hive operates on a delegated proof-of-stake (DPoS) consensus mechanism, offering lightning-fast processing times and fee-less transactions. Whether it’s monetized social media for content creators, interactive blockchain games, or seamless identity management, Hive is designed to power a diverse range of decentralized applications (dApps). What truly sets Hive apart is its focus on equitable value redistribution, making users the real proprietors of the network. Dive into the world of Hive and explore how it’s transforming Web 2.0 into the decentralized future of Web 3.0.

What Is Hive (HIVE)?

Hive (HIVE) is a blockchain that leverages a delegated proof-of-stake (DPoS) consensus mechanism. It was launched in March 2020 as a hard fork from the centralized Steem blockchain, serving as a bridge from Web 2.0 to Web 3.0. The blockchain claims to offer "lightning-fast processing times and fee-less transactions." Use cases include social media with monetized rewards for content creators, interactive blockchain games, identity management, micro-loans, and more. The platform powers decentralized applications (dApps) like Splinterlands, PeakD, and HiveBlog.

Hive is a social network of apps and services where users can explore the potential of blockchain technology, connect to the platform, and securely share content through equitable value redistribution. This makes users the proprietors of the network, allowing sponsors to contact communities and artists directly without intermediaries.

Hive is an open-source blockchain focusing on scaling through layer-2 sidechains while benefiting from a common layer-1 blockchain backbone to ensure distributed data integrity. The Hive ecosystem runs on two cryptocurrencies: the native governance token HIVE and the USD-pegged HBD stablecoin.

Who Are the Founders of Hive?

The project was announced by members of the Steem community. Hive was born out of a struggle for control over management between Justin Sun (Tron CEO) and Steemit Inc. The developers hard-forked the original Steem blockchain, continuing to operate independently with a focus on decentralization.

What Makes Hive Unique?

Hive is a blockchain designed for Web 3.0 and social media dApps, emphasizing speed, scalability, security, and spacious storage.

Hive has a future-proof system for bandwidth and resource storage. The network can securely store enormous amounts of data and make 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 and is carried out with HIVE and HBD tokens within a 7-day period. The Proof of Brain protocol maintains the level of content quality, stimulating the creative economy by leveraging 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 using Hive’s open-source code.

How Many Hive (HIVE) Coins Are There in Circulation?

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; and 10% to the Decentralized Hive Fund (DHF).

How Is the Hive (HIVE) Network Secured?

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. Twenty selected Witnesses create blocks randomly, and users can stop delegating at any time. This procedure reduces 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 stored in special wallets to protect the protocol. The company that launched HIVE stores all digital cryptocurrencies in cold storage.

Where Can You Buy Hive (HIVE)?

As of September 2022, several crypto exchanges and trading platforms offer HIVE, including Binance, Bithumb, Gate.io, Huobi Global, Bittrex, ProBit Global, MEXC, Indodax, Tokocrypto, WazirX, Upbit, CoinEx, Nominex, BKEX, Pionex, CoinDCX, [Bitcoiva](https://coinmarketcap