It has been four years since the launch of this amazing decentralized blockchain. It is unbelievable how time flies. Four years is a major milestone for any blockchain network, especially if it is decentralized, runs flawlessly, offers solutions, and continues to build and grow. That truly is the case with Hive. Four years completes a crypto cycle measured with Bitcoin networks halving events. We are less than a month away from next bitcoin halving. I mention bitcoin because I believe Bitcoin and Hive solves two of the biggest problems and when these two solutions are combined almost all money and internet problems are solved.
Simply put, Bitcoin is an improvement of money and Hive is an improvement to web. Both are decentralized networks and that is how they achieve set goals. Solving problems of money was the big stem and bitcoin has been truly revolutionary. Hive while also being inspired by bitcoin, aims to improve how we interact online. Hive offers tools that are not only necessary, but are must in a digital and interconnected world today and long into the future. Decentralized solutions are here to stay and will continue to grow as more and more people learn the benefits. Without bitcoin I probably would have never found Hive, and with Hive I probably would have lost interest in bitcoin. Both make perfect sense, and one completes the other.
Bitcoin and Hive are decentralized networks, if not the most decentralized in the crypto world. They achieve this utilizing different methods and protocols. Bitcoin uses proof of work, and Hive is a delegated proof of stake network. In my opinion both protocols fit for the solutions they offer. Bitcoin is fixing global financial system. It possible in the future most of bitcoin will be controlled by big funds, banks, governments, companies, etc. All while Hive will remain to be people's network, people's money, people's network. It is not such a bad idea for bitcoin to be adopted as standards by funds, banks, companies and governments. This would make their financial activities a lot more transparent, and we would see less of a corruption. After all they can join the network, but will never control it. I doubt we will see Hive ETFs, or Hive as legal tender, or companies accumulating Hive. Hive is an open network, anybody can join. Even governments, companies, and big funds are welcome to participate. However, Hive would still continue to be mainly people's network.
One of the best things about Hive is its wallets/accounts, which gives complete ownership to its owners. No centralized entity can take away or manipulate anybody's accounts, nor can they take possession of assets in the Hive wallets without owners permission. Moreover, fast and zero fee transactions make Hive and its stablecoin HBD a perfect tool for peer to peer transactions. Not everything is about money on Hive. But without true property rights, and true ownership decentralization is difficult to achieve if not impossible. Hive provides tools to build platforms, apps, games, and tools for many activities people engage in online and offline. There are already many apps, games, and tools available. This network will continue to grow, and keep getting stronger and more beneficial for all around the world.
Four years of successful network operations and growth is a great achievement. Hive has something to showcase and demonstrate its ability to run without halts all while powering various different communities and projects. Hive core economics serve as a catalyst for building layer two solutions and a standard of potential economies that can be achieved within bigger network.
Price of the coin is always important and everybody pays attention to. We may not have seen massive sustained price increase, even though there were times when Hive coin's price went to impressive highs. However it hasn't lost its value since its launch either. There is a lot of room for growth in price. Hive has once shown that is a billion dollar network, and will do so again in near future and upwards potentials are realistic and achievable. As the bitcoin makes new all time highs and bull market continues, we will see alt season and more and more interest in assets like Hive as well. I am hopeful, because fundamentals are amazing. Even without massive price increases, Hive will still be an interesting and beneficial network to be part of. Regardless the price, building will continue, and network will continue to grow.
I am glad to still be here to celebrate Hive's four year anniversary. I congratulate you all Hive bees who are still here, still participating, still building, still contributing, and still investing. 2024 will be a great year for Hive, and things will just keep getting better and better years to come.
Happy Birthday Hive!