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Hive priceHIVE
Hive (HIVE) has been listed in the Innovation and Layer1 Zone, you can quickly sell or buy HIVE. Spot Trading Link: HIVE/USDT.
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About Hive (HIVE)
What Is Hive?
Hive is a blockchain platform that was launched in March 2020 as a hard fork from the Steem blockchain. It operates as a decentralized network that aims to bridge the gap between Web 2.0 and Web 3.0, offering a wide range of applications and services. Hive emphasizes fast processing times, fee-less transactions, and scalability, making it a suitable platform for developers, content creators, and blockchain enthusiasts.
Hive’s decentralized design allows users to interact without intermediaries, providing opportunities in areas such as social media, blockchain-based games, identity management, and financial tools like micro-loans. The platform supports decentralized applications (dApps) like Splinterlands, PeakD, and HiveBlog, showcasing its versatility and adaptability.
How Hive Works
Hive operates on a Delegated Proof-of-Stake (DPoS) consensus mechanism, which ensures fast transactions and a high level of decentralization:
- Delegated Proof of Stake (DPoS): Hive’s blockchain is maintained by Witnesses—delegates selected by stakeholders through a voting system. Witnesses validate transactions and produce blocks every three seconds, ensuring a secure and efficient network.
- Content Monetization: Hive enables content creators and curators to earn rewards through a unique mechanism called Proof of Brain (PoB). This protocol rewards users based on the quality and engagement of their content. Original content is permanently stored on the blockchain, ensuring transparency and integrity.
- Scalability: Hive uses a layer-2 sidechain system for scalability while maintaining a robust layer-1 backbone for data integrity. This setup allows the platform to handle large amounts of data and supports applications requiring high-speed transactions.
- Resource Credits (RCs): Hive eliminates traditional transaction fees through its Resource Credits system. Users stake HIVE tokens to gain bandwidth, enabling them to perform fee-less transactions. Resource Credits regenerate over time, making the platform accessible to all users.
- Decentralized Governance: The platform operates with a decentralized governance model. Users with staked HIVE tokens can vote on network changes, development proposals, and Witnesses. This model ensures that decisions are community-driven and transparent.
What Is HIVE Token?
HIVE is the native cryptocurrency of the Hive blockchain, serving as a utility and governance token. It plays a central role in the ecosystem, powering transactions, incentivizing content creators, and securing the network:
1. HIVE and Hive Power (HP)
HIVE exists in two forms:
- Liquid HIVE: Usable for transactions and trading.
- Hive Power (HP): Staked HIVE that grants users influence on the network, such as voting rights and increased transaction capacity.
Users can stake HIVE to earn more tokens through inflation-based rewards, further incentivizing participation in the ecosystem.
2. Hive Backed Dollar (HBD)
Hive also offers HBD, a stablecoin pegged to the US dollar. HBD is designed to provide stability for users who wish to mitigate the volatility associated with cryptocurrencies.
3. Token Distribution
HIVE is an inflationary token with no fixed supply. Newly minted tokens are distributed as follows:
- 65% to content creators and curators.
- 15% to stakers (Hive Power holders).
10% to Witnesses for block production.
10% to the Decentralized Hive Fund (DHF), which funds ecosystem development.
4. Utility
HIVE tokens are used for governance, incentivizing participation, and powering dApps. They also provide a seamless way to interact with Hive’s various applications.
Conclusion
Hive is a blockchain platform that aims to address the challenges of scalability, speed, and accessibility in decentralized networks. Its unique features, such as fee-less transactions and content monetization, make it a versatile tool for developers and users. Whether you’re a content creator, a developer, or an investor, Hive’s ecosystem offers opportunities for engagement and participation in the Web 3.0 economy. As with any blockchain project, potential investors should thoroughly research and assess the platform before making any decisions.
HIVE to local currency
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How to buy Hive(HIVE)
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Trade HIVE perpetual futures
After having successfully signed up on Bitget and purchased USDT or HIVE tokens, you can start trading derivatives, including HIVE futures and margin trading to increase your income.
The current price of HIVE is $0.3402, with a 24h price change of +3.31%. Traders can profit by either going long or short onHIVE futures.
Join HIVE copy trading by following elite traders.
Hive news
The Yguazú facility, 80% complete, will add 6 EH/s to HIVE’s mining capacity by Q2 2025, with hydro-cooled ASICs set to enhance efficiency.
Hive Social Data
In the last 24 hours, the social media sentiment score for Hive was 3, and the social media sentiment towards Hive price trend was Bullish. The overall Hive social media score was 325, which ranks 483 among all cryptocurrencies.
According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Hive being mentioned with a frequency ratio of 0.01%, ranking 298 among all cryptocurrencies.
In the last 24 hours, there were a total of 234 unique users discussing Hive, with a total of Hive mentions of 66. However, compared to the previous 24-hour period, the number of unique users increase by 2%, and the total number of mentions has increase by 2%.
On Twitter, there were a total of 1 tweets mentioning Hive in the last 24 hours. Among them, 0% are bullish on Hive, 0% are bearish on Hive, and 100% are neutral on Hive.
On Reddit, there were 1 posts mentioning Hive in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% .
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