Hivean is the term used to describe an user of the Hive blockchain.
An investor that holds a market-moving amount of a cryptocurrency or NFT collection is often referred to as a whale, and whales can make big waves..|Reference: What Are Crypto Whales and Why Are They Important? Written by Robert Stevens in CoinDesk in 3/15/2023 On Hive a whale is a user who has a lot of HP (Hive Power -HP) and therefore more voting power. According TobeTada (@tobetada in November 2023 only 4 accounts hold -30% of HP|Reference: What Are Hive's Whales Up To? Written by TobeTada (@tobetada) in November 20th, 2023., months before a study by Footprint Analytics|Reference: Whales on Hive Blockchain Published by Footprint Analytics in August 22th, 2022 revealed the same.The role of Hive Whales also was comparable wasVCs (Venture Capitaloists) in a decentralized environment|Reference: Hive Whales Are Our VCs! .:. Late Night Blogging Written by @ph1102 February 17th, 2024
Witnesses are community elected hiveans to act as the network's block producers and governance body. The Hive blockchain requires a set of these people to create blocks and uses a consensus mechanism called delegated proof of stake, or DPOS. There are 20 full-time witnesses, producing a block every 63-second round. A 21st position is shared by the backup witnesses, who are scheduled proportionally to the amount of stake-weighted community approval they have. Witnesses are compensated with Hive Power for each block they create|Reference: What are Hive Witnesses? Hive.blog FAQ, retrieved in May 19th, 2024.
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