Dear Hivers,
Three hours.
That’s how long the AMA was. In fact, the entire 3-hour text-based episode was an absolute delight.
When everything was over?
Not only dozens of smiles + "thanks" were shared but also everyone walked away with thrilling new insights and takeaways.
Fair to say: this AMA was a smashing success.
If you didn't know:
We had @Roelandp representing Hive with Huobi’s Global Head Ciara Sun.
Hundreds of messages were transferred.
Dozens of hard-hitting questions asked.
Plus, the room was filled with 47000+ members.
And that’s not all:
The entire Discord channel was buzzing with activities — voice and text — with the community enjoying their time chilling this quarantine.
I went through all the responses – picked them up – placed in a document and rearranged to create a logical flow.
The final result is what you see below.
It contains 7 key takeaways that are worth sharing here — with you and for the new folks joining from Huobi.
Here we go:
1. Hive is more than a “social media” platform
- Hive has proven to be an entry point into the cryptoworld for many through its ease of use and plethora of apps available for using.
- Although Hive was initially launched as a social media blockchain, and continues to strive to do so – more and more external dApps are using the network.
- They are using it not only to connect to the Hive content reward mechanism but also to utilise the 3 second fast blocktime and near instant confirmation (irreversibility after 1 minute) for an array of apps.
- There's also an increased security that comes from a truly open source and public blockchain, where all stakeholders have a say in its direction. It sports resilience by design from the exit scams and other similar issues affecting the Altcoin community.
2. Hive to introduce delayed voting
- The upcoming Hardfork24 will revolve around securing and optimizing the network.
- Plus, to mitigate this risk of centralised exchanges and others powering up major stake, a new "delayed voting" method will be introduced in this hardfork.
- Delayed Voting means one can not just instantly "stake" their liquid holdings and immediately have a say with the full power of that stake as was the case with the "attack" you refer to. Instead at first that big stake would have a very small say in governance.
3. Hive’s DHF is a game-changer
- The Decentralized Hive Fund (DHF) allows for continuous growth of the development of the chain and the building dApps on the blockchain.
- It is an on chain decentralized autonomous system that allows users to submit proposals for funding and vote on which proposals should be funded.
- The DHF is a way to organically fund projects, activities and development on the Hive chain and within the Hive ecosystem through a community consensus mechanism.
Get started:
- To get started, check out the FAQ here: Peakd.com (click FAQ)
4: Hive Incentizes developers “big” time:
- Developers can create funding proposals for the Hive Fund which are voted upon by the stakeholders.
- Developers can post about their activity and receive social media rewards.
- A big userbase can be flipped to use your project once you offer "Hive login"
- Additionally, developers might see value in contributing to a decentralised world. dApp developers that create frontends have unique monetisation opportunities to reward their investment of time and skill.
Note:
- New developers can follow community provided tutorials, which makes Hive an excellent choice for learning how to program for a blockchain. Click here to access the docs.
5. Hive’s biggest team is “us”
- There is no "hired" Hive development team
- The idea is to bring full ownership and control back to the community therefore creating a unique environment where the network is owned by all. This drives passion for the network.
- That is why there is a decentralized group of experienced developers who are contributing and working on a regular basis, keeping a similar pace to a traditional dev team.
- Many of them are the people who have built the Steem blockchain that Hive is forked on and have been part of development of Graphene projects for nearly half a decade.
- There are also volunteers producing posts and events like this AMA. The Hive proposal system and passionate members of the ecosystem will band together to drive grassroots or professional marketing initiatives.
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6. Hive’s never-ending project list...
- We have seen this in the launch of the network and the past month with many (d)App owners converting to Hive and a fired up development cycle with a code freeze for the first hardfork already on it’s way.
- The amount of devs working on the core software and related libraries 20 folded compared to the old chain state.
- There are wallets, games, interfaces to the hive chain, even sidechains. You can see many of those projects listed at the directory over at https://hiveprojects.io for example
7. Hive’s vision is stronger than ever
- The vision is to continue the strong community values that have been established while also freeing the formerly Steem-based ecosystem from the burden of Steemit Inc’s influence.
- That is why Hive was originally developed as a fork of the Steem blockchain. It was created on March 20th, 2020 as a community-driven fork.
- Hive’s intention is to have multiple hardforks at a more frequent pace. Multiple hardforks with oversee-able and thoroughly tested changes.
Remember:
- The chain is one month old and the amount of output is already very impressive.
Cheers,
Sid
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