What is Hive

Hive Blockchain is a decentralized blockchain network designed for social media, content creation, and financial transactions. It was created as a fork of the Steem blockchain in 2020. Hive provides fast and free transactions, making it ideal for decentralized apps (DApps), blogging, and gaming platforms.

Key Features of Hive Blockchain:

1. Decentralized Social Media – Users can create and monetize content without a central authority.

1. Fast & Scalable – Transactions are nearly instant with no fees.

1. Dual-Token System – It has two main tokens:

HIVE (liquid token used for trading)

Hive Power (HP) (staked HIVE for influence and voting rights)

1. Community Governance – Users with more Hive Power have a stronger voice in governance.

1. DApp Ecosystem – Supports decentralized applications like PeakD (blogging), Splinterlands (gaming), and 3Speak (video content).