What is Hive?
The hive blockchain was launched in March 2014 as a community fork from the steam blockchain with a goal of reinforcing the ideas of decentralization,the organizers of the fork created hive as a pushback against the majority control of the steam blockchain.
In order to build a truly democratic ecosystem after its launch new users of hive were able to take advantage of three second block times and free transactions as well as reward system for social media and gaming use cases.Developers are highly encouraged to build on the already robust ecosystem of decentralized apps designed for Web 3.0,a defining feature of the hive blockchain is their decentralized high fund,a development model that allocates a fund to be used specifically for blockchain development and it’s managed exclusively by the community as a whole.
The platform’s technology is designed to be fast,scalable and powerful and aims to dominate the decentralized app development space through its innovative app integrations with a focus on high decentralization in its operations and management,hive rewards user expertise and contributions to its security,almost anyone can alter the hive security code as long as they pass community guidelines and their coding is peer-reviewed.
With a long term goal of widespread adoption is aimed at becoming the leading Web 3.0 blockchain platforms to be used globally.
WHAT IS THE DIFFERENCE OF HIVE-BASED SOCIAL MEDIA FROM THE OTHERS?
Unlike other mainstream social media projects like Facebook,Twitter and other social networks hive is built to grant accessible opportunity and a degree of ownership to all of its users,content posted on hive is subject to time based monetization.
Hive is 100 percent open source community-backed without any private corporation controlling it,it is a censorship resistant blockchain that enables social media platforms to thrive,these platforms cannot sense your posts,suspend,delete or ban anyone from posting due to its decentralized nature.
All content is permanently etched into the blockchain itself,to make this simple and clear we can rest assure that no one has the power to delete your content from the hive blockchain.
WHAT IS THE ADVANTAGE OF HIVE OVER OTHER PLATFORMS?
Hive allows the easy storage and retrieval of immutable strings of data and information,it has three seconds and zero fee transactions and it’s designed to store vast amounts of content and make it available for time based monetization .
Hive recognizes that transaction fees are often one of the largest challenges to facilitating development and flexibility of use on a blockchain,instead of requiring potentially costly and inconvenient transaction fee,it uses a novel stake based resource credit mechanism to create a free-less model.
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