I am writing this blog in hopes of figuring out Hive and the things related to Hive.
I will start off by listing things I have an understanding of about the network.
We start of by creating a wallet, which is our access to the network, we have different incentives to interact with the blockchain and get rewarded as so. We interact with others and get rewarded for that too and if people interact with our posts we get rewards for it too.
There are communities throughout the network and the more active the community the better chance for rewards there, so posting in LeoFinance will help my post reach the LeoFinance community, which will reward me better and somehow this turns into value and can be swapped for fiat currency.
Now the questions, what's the difference between the different rewards the Hive Rewards, Hive Power, Eccency Rewards and LeoCoins, etc.
How does the voting with HPV work? Are we voting with our currencys, how does it work when someone who has more voting power, votes. What's the reward for downvoting.
What's the best strategy to succeed(monetizing channel) through hive?
Thanks, please comment with suggestions, as I read more I will have new posts to clarify things but I am hoping the community can help a newbie out.
