In a layman definition, HIVE is simply a decentralized blockchain. When I say decentralize, I mean a blockchain that gives room for exchange of cryptocurrency between two people (otherwise known as peer-2-peer transaction) without involving a third-part.
HIVE is like an higher institute of learning with various faculties and thousands of students in each faculty.
So like I said earlier, HIVE is a blockchain, and it has different communities which include: proof of brain, Leo finance, Music, Motherhood, sketchbook and so on. And each community has a lot of subscribers that benefit from them.
Hive has different community like I said earlier and each community has their area of specialization for example Leofinance which deals with financial related post, Music which deals with musical related post, photography which deals with photography related content, and HIVE also has a community which I refer to as one of the best community on HIVE ecosystem, the community is known as proof of brain, and the reason why I refer to proof of brain as one of the best community is because proof of brain gives room for different topics from any angles. Now tell me, is HIVE not an higher institute of learning? Yes it is.
BENEFITS OF HIVE AND ITS COMMUNITIES
- It enhance our financial stability i.e we make money from the community
- It is educative
- It brings out the creativity in us
- It widen our thinking ability in the sense that putting down a reasonable article involves critical thinking, so we have to sit down and think before writing.
DISADVANTAGES OF HIVE AND IT’S COMMUNITY
With the little experience i have about hive and it’s community, i think it has no disadvantages whatsoever but instead it teaches us a lot of things that can be of benefits to us, These include investment, money management and so on.
FUTURE OF HIVE AND IT’S COMMUNITY
Hive was lunched in year 2020 and the current price is about 0.55USD so there is a high tendency that the price of hive will increase above 1USD in one to two years to come.
So as the price of hive increase, the price of coin in each community will increase.
CONCLUSION
Now that we know the future and benefits of hive, I think it’s imperative we look for a way to contribute to the development of hive and its community.
And there are different ways by which we can contribute to the development of hive ecosystem, these include:
- By investing more on hive
- By inviting investors and non-investors to join the community
- Through engagement and so on
I believe with this article, even a newbie will have the basic knowledge of what hive and its communities are all about.
Thank you.