hive

What is Hive (HIVE)?

Launched on March 20th, 2020, Hive is a decentralized information sharing network with an accompanying blockchain-based financial ledger built on the Delegated Proof of Stake (DPoS) protocol. Hive supports many different types of information sharing applications. Myriad dapps, APIs and front-ends contribute to a general and straightforward accessibility of data, transactions and records, so that this existing diversity and utility ensure that the ecosystem is welcoming to content creators, consumers, investors and builders.

Hive is developed to store vast amounts of content and to make it available for time-based monetization. Examples of use include social media with monetized rewards for content producers, interactive games, identity management, polling systems, and micro-loans. The performance of the blockchain is designed to scale with widespread adoption of the currency and platforms in mind. By combining the lightning fast processing times and fee-less transactions, Hive is positioned to become one of the leading blockchain technologies used by people around the world.

Hive technology and scalability

Hive’s support for high transaction volumes, combined with its fast 3-second block times and fee-less transactions, make it an ideal platform for building highly interactive applications that would bog down on most blockchain networks. It also has a unique focus on a 2nd layer architecture for distributing application loading across distinct sidechains to enable scaling beyond the limits of traditional smart-contract networks. To mitigate scaling limitations, an application’s proponents can allocate additional CPU resources as needed at the second layer to power their preferred applications, without worrying about congestion from other apps in the network, yet still benefit from a common first-layer blockchain backbone to ensure distributed data integrity. This scaling ability also enables a unique competitive landscape for applications developers.

Hive governance and software development

Hive was founded by a diverse group of community members, developers and investors who believed in the common goal of decentralization. There is no set team and no company behind it. Hive is not based in any specific jurisdiction and has nodes, stakeholders and contributors in many countries all over the globe. Hive relies on decentralized governance, both for software development and for decisions about protocol upgrades, employing the DPOS consensus protocol. Stake-weighted voting is used to elect block producers known as witnesses that must agree to enable changes to the 1st layer protocol shared by all applications, providing a stable base layer, while leaving 2nd layer applications free to innovate rapidly. All protocol changes are proposed, developed, prepared for and implemented through a transparent and collaborative team-working environment. They are entirely open source from initiation to their final release.

Hive, launched on March 20, 2020, is a blockchain-based decentralized information exchange network with an accompanying financial ledger built on the Delegated Proof of Stake (DPoS) protocol. Hive supports many different types of information sharing applications. The multitude of decentralized applications, APIs, and external interfaces contribute to the shared and direct availability of data, transactions, and records, so that the diversity and utility that exists ensures that the ecosystem welcomes content creators, consumers, investors, and developers.

Hive is designed to store a huge amount of content and make it available for time-based monetization. Use cases include social networks with monetized rewards for content producers, interactive games, identity management, voting systems, and microcredit. Blockchain performance is designed to scale with the widespread adoption of currencies and platforms. By combining lightning-fast processing times and free transactions, Hive has the potential to become one of the leading blockchain technologies used by people all over the world.

Hive's support for large transaction volumes, combined with a fast 3-second block time and free transactions, makes it an ideal platform for building interactive applications that don't work on most blockchain networks. It also focuses on layer 2 architecture for distributing application load across separate side chains to enable scaling beyond traditional smart contract networks. To mitigate scaling constraints, application proponents can allocate additional CPU resources as needed at the second layer to power their preferred applications without worrying about being overwhelmed by other applications on the network, while still benefiting from the common backbone of the first layer blockchain to ensure distribution. data integrity. This scalability also provides a unique competitive environment for application developers.

Hive management and software development

Hive was founded by a diverse group of community members, developers, and investors who believed in the common goal of decentralization. There is no team or company behind this. Hive is not based in any particular jurisdiction and has nodes, stakeholders and contributors in many countries around the world. Hive relies on decentralized governance for both software development and protocol upgrade decisions using the DPOS consensus protocol. Weighted voting is used to select block producers, known as witnesses, who must agree to make changes to the layer 1 protocol shared by all applications, providing a stable base layer while allowing layer 2 applications to innovate quickly . All protocol changes are proposed, developed, prepared and implemented in a transparent and collaborative work environment. They are completely open source from inception to their final release.

Hive's current price for today is $1.15 with a 24-hour trading volume of $10,350,768. We update our HIVE price in USD in real time. Hive is down 0.58% in the last 24 hours. The current CoinMarketCap ranking is 140th with a real market capitalization of $452,307,772. There are 394,181,375 HIVE coins in circulation, and max. delivery is not available.

Buying Hive is currently available on the leading cryptocurrency exchanges for trading Hive shares are Binance, Mandala Exchange, Huobi Global, Gate.io, and Upbit. You can find other crypto exchanges listed on our page.