The Tech Behind the Speed:
Delegated Proof-of-Stake (DPoS): Unlike Bitcoin's energy-guzzling Proof-of-Work system, Hive uses DPoS. Here, users elect a set of witnesses who validate transactions, making it faster and more scalable.
The Hive Economy:
Hive (HIVE): The native token of the Hive blockchain. It's used for governance (voting on changes to the network), staking (earning rewards for holding HIVE), and purchasing goods and services within the Hive ecosystem.
Hive Dollars (HBD): A stablecoin pegged to the US dollar. It allows for price stability within the Hive ecosystem, making it ideal for everyday transactions.
Unique Features of Hive:
Resource Credits: Free transactions come at a cost – resource management. Users receive daily allocations of CPU, bandwidth, and storage to perform actions on the network. However, these resources are easily obtainable and tradable within the Hive ecosystem.
Hive Fund: A pool of funds used to support the development and growth of the Hive ecosystem. Funded by a portion of the inflation rate of HIVE tokens, it helps incentivize developers and projects.
Exploring the Hive Ecosystem:
dApps (decentralized applications): A thriving marketplace of dApps exists on Hive, catering to various needs. Explore social media platforms like PeakD and LeoFinance, or dive into blockchain games like Splinterlands.
Communities: Hive is all about its community. Join Hive forums and social media groups to connect with developers, creators, and enthusiasts.
Getting Started with Hive:
Wallets: Several wallets support Hive, including Hive Keychain and PeakD Wallet. Choose one that suits your needs.
Exchanges: Buy HIVE tokens on cryptocurrency exchanges like Binance or Huobi.
