Designed by mrhive001 using canva
Is hive Blockchain really worth building on? This is a question whales and big investors, both present and to come, pose to ask. Do I see a future on Hive, which could be a great value even if not for now but later on? If it crashes, am I not going to experience a great loss? Could there be a backup plan as a means of refunding when it breaks down? There are many, many more questions to be asked, as verification is the main intelligence before any proceedings are made.
Before I proceed to this and pass on my verdict, the article would cover:
[a] What the hive is all about
[b] The Future of Hive Blockchain in Meeting Demands
[c] The Future of Hive Blockchain in Association with the Crypto World
[d]Would Hive Stand the Taste of Time?
And finally, My verdict
[A]
According to the definition put forth on Leoglossary, Hive is a web 3.0 ecosystem that is designed to utilize the technologies that are projected to usher in the new era of the Internet. This was started in 2016, with the code being written by Dan Larimer. It was the next evolutionary blockchain he put forth after creating Bitshares source.
Backing this up in a nutshell, hive is a decentralized social media network that is focused mainly on content creation and that rewards its users with the use of crypto by the name of hive, though since its integration, there has been the emergence of other community tokens related to the communities in charge. Because the contents published are subject to communities that are meant for or specialize in them, the response of the community members and curators respective to those communities is curating the account that published the content, which in turn makes it have more centralized censorship and control with respect to that community.
[B]
The future of hive in meeting demands has been showcased well enough on the new interface built by the Leofinance community, and this has communicated an idea as to what one could be expecting in the near future of what hive is turning into and what it stands to address, which of course is for the betterment of hivans at large.
On the aspect of threads, which is one of the features the new interface brought to hive blockchain, seek to address and build a social media network on hive that can be attributed to Facebook and Twitter. This is not a gain, as the introduction of threads on hive has changed the outlook of hive as engagement, easy interaction, relationships, and much more are seen on threads. Outside of that, too, there are rewards associated with these threads, as people don't just thread for threading sake; they are rewarded with cryptocurrency
With the influx of people on threads, which is literally rising on a daily basis, attention has been drawn, and the demand here has been solved by hive-looking advertisements. One can decide to advertise his or her products and equally run an advertisement to draw the attention of people, as this medium is still provided on the Hive blockchain with the help of the Leofinance interface.
[c]
With the move of the hive as I see it currently, there might be a need for the involvement of sponsors, which will serve as whales and will contribute to giving the hive more value than it has at the moment, though to an extent this is dependent on how we take the hive and how we work towards it both individually and collectively. But also on aspects like increasing her smart contract functionalities so that users qualified would have the free hand and role to build dAPPs, which would help add more value to the hive, and on the aspect of NFT collections and participations too, which has already been planned, adding this might be needed. A look into the DEFI integration to a much greater extent might be considered too, as there might be a need for hive lending and borrowing directly from the hive.
[D]
Since the emergence of the Hive blockchain from Steem, it has proven beyond doubt and will continue to prove that Hive is here to stay. Talking about user adoption, hive, to an extent, has gone far and near, as the other day I read a post about hive sponsoring one of the racing cars with hive banners fully evident in the car. Not just that the sponsors did this great work, but also a look into the fact that many eyes came for the sports activity, and they have noticed that too. Now imagine such a racing car emerging as the winner of the race, and the height at which the sponsors of the racing car would be known and increased. Also on the aspect of security and its scalability, it is obvious enough that hive security dispatches are strong, and I haven't heard of an account being hacked unless the user exposed the keys. On this aspect, it is notable enough that the hive is strong and can stand the test of time no matter what.
MY VERDICT
After reading this all, both the things I mentioned and the ones I didn't, here is Hive Blockchain, and here we are: WHAT IS YOUR CONTRIBUTION TO HIVE TO MAKE IT BETTER?
Thanks for stopping by, be blessed.